Common use of Exploration Phase Clause in Contracts

Exploration Phase. three percent (3%), for expenditures up to R$5,000,000.00 (five million Reais);

Exploration Phase. a.1) 3% (three percent (3%percent), for expenditures expenses up to R$5,000,000.00 BRL 5,000,000.00 (five million Reaisreais);