Common use of Mode of Operations Clause in Contracts

Mode of Operations. 3.1 The Parties and Party B shall ensure and procure its subsidiaries to, if necessary, enter into separate financial service agreements on normal commercial terms and in compliance with the terms of this Agreement, and cause separate financial service agreements to be in accordance with the principles set out in this Agreement and subject to the requirements of the PRC laws and regulations (including but not limited to requirements of the Listing Rules). 3.2 The term of such separate financial service agreements executed pursuant to this Agreement shall not exceed three years. Where the term of such agreement does not exceed three years but the expiry date thereof is later than December 31, 2019, then the following provision shall be incorporated into these agreements: “In the event that CNOOC Limited fails to comply with the applicable requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to connected transactions, unless CNOOC Limited can satisfy the conditions of the relevant exemptions, this contract shall be terminated on December 31, 2019”. 3.3 The financial service agreements which were executed between Party A and Party B or its subsidiaries prior to the effective date of this Agreement and has not expired, shall be valid after this Agreement becomes effective and shall be deemed as separate financial service agreements signed in compliance with the principles and terms of this Agreement. Corresponding amendments, however, shall be made in accordance with the principles and terms of this Agreement if the principles and terms of such agreements are inconsistent with those set out in this Agreement.

Mode of Operations. 3.1 The Parties and Party B A shall ensure and procure its subsidiaries to, if necessary, enter into separate financial service agreements on normal commercial terms or better and in compliance with the terms of this Agreement, and cause separate financial service agreements to be in accordance with the principles set out in this Agreement and subject to the requirements of the PRC laws and regulations (including but not limited to requirements of the Listing Rules). 3.2 The term of such separate financial service agreements executed pursuant to this Agreement shall not exceed three years. Where In the event the term of such agreement does not exceed three years but the expiry date thereof is later than December 31, 20192022, then the following provision shall be incorporated into these such agreements: “In the event that If, as of December 31, 2022, CNOOC Limited fails to comply with the applicable requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to connected transactions, unless CNOOC Limited can satisfy the conditions of the relevant exemptions, this contract agreement shall be terminated on December 31, 20192022”. 3.3 The financial service agreements which were executed between Party A or its subsidiaries and Party B or its subsidiaries prior to the effective date of this Agreement and has not expired, expired shall be valid after this Agreement becomes effective and shall be deemed as separate financial service agreements signed in compliance with the principles and terms of this Agreement. Corresponding amendments, however, shall be made in accordance with the principles and terms of this Agreement if the principles and terms of such agreements are inconsistent with those set out in this Agreement.