Seismic Data. 8.1 EOS and BUCCANEER shall have timely and comprehensive access in a reciprocal manner to all well data and seismic data, including interpretive data, owned by or in possession of either EOS or BUCCANEER or any of their respective affiliates, within the AMI. Such access shall be subject to the terms of any existing license agreements covering such data. EOS and BUCCANEER shall each have the right to reprocess any seismic data owned or in the possession of the other within the AMI, provided that such reprocessing is permitted under the governing license agreement, if any, covering such data. 8.2 As consideration for a third party obtaining a working interest by mutual agreement of the Parties in any of the Leases and becoming a party to this Agreement, BUCCANEER and EOS shall grant and deliver to such third party a license with respect to all seismic data, including raw and unprocessed seismic data, and field magnetic tapes and associated support data, if available and recoverable, within the AMI that is (i) owned or licensed by BUCCANEER or EOS, or (ii) that is generated or commissioned by BUCCANEER or EOS pursuant to arrangements finalized after the Effective Date; provided, in each case, such grant will be delivered only to the extent any such data is transferable under its applicable underlying license agreement, if any, and subject to any Confidentiality or other agreements which may be applicable.
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Sources: Cook Inlet Participation Agreement (Eos Petro, Inc.), Cook Inlet Participation Agreement (Eos Petro, Inc.)