Article 4 Joint Assessment
The Joint Assessment herein shall be carried out in one or two phases in accordance with the following:
4.1 Phase I shall begin on the Effective Date of this Agreement and shall last twelve (12) consecutive months. Within fifteen (15) days following the Effective Date XXXX shall submit the Phase I Work Program and Budget to the Steering Committee. Within thirty (30) days, the Steering Committee shall review and adopt the Work Program and Budget and submit the Work Program and Budget for approval to XXXX who will provide feedback within this same timeframe. XXXX shall use its reasonable efforts to carry out the portion of the Work Program stipulated in Article 3.2.2 during Phase I. At the end of Phase I, XXXX will exercise its option either to enter into Phase II or to terminate the Agreement. This choice shall be communicated by XXXX to the Steering Committee in writing. Neither Party will incur any penalty, liability, or obligation as a result of XXXX’s exercise of its option to terminate this Agreement, other than as expressly set forth herein.
4.2 At the end of Phase I, If XXXX elects to enter into Phase II, then Phase II starts on the following date of the expiration date of Phase I, XXXX shall submit a Phase II Work Program and Budget within fifteen (15) days following the beginning date of Phase II to the Steering Committee. Within thirty (30) days, the Steering Committee shall review and adopt such Work Program and Budget and submit the Work Program and Budget for approval to XXXX who will provide a response within this same timeframe. XXXX shall use its reasonable efforts to carry out the portion of the Work Program stipulated in Article 3.2.3 during Phase II. XXXX shall notify XXXX in writing of the end of Phase II. Neither Party will incur any penalty, liability, or obligation as a result of XXXX’s exercise of its option to terminate this Agreement.
4.3 Where time is insufficient to complete the Work Program before the expiration of the relevant Joint Assessment phase, subject to the unanimous approval of the Steering Committee, which approval shall not be unreasonably withheld, the Joint Assessment phase as described in Article 4 herein shall be extended. The period of extension shall be a reasonable period of time required to complete the above-mentioned Joint Assessment work.
4.4 The Joint Assessment period within the Project Area shall be two (2) years beginning on the Effective Date of this Agreement, unless otherwise provided in Article 4.3 herein, however, the total Agreement period shall not exceed [twenty-seven continuous months] [thirty continuous months].
Article 5 Negotiation of PSC and XXXX Option
5.1 XXXX has the exclusive right to negotiate a PSC with XXXX on the following terms:
(a) If XXXX decides to enter into Phase II, at the start of Phase II, XXXX will provide XXXX with a model Exploration, Development, Production PSC. At XXXX’s request, both Parties will commence PSC negotiations at any point during Phase II and both Parties shall make best endeavours to finalize the PSC negotiations by the end of Phase II.
(b) XXXX’s participating interest in the PSC shall be at least or equal to 49%;
(c ) All costs directly related to site operations, third party contracts, Chengdu office costs and the costs and expenses of the full-time Joint Working Team members approved by the Steering Committee associated with the Joint Assessment under this Agreement shall be cost recoverable under the PSC in accordance with Article 10;
(d) XXXX shall act as the Operator during the Joint Assessment Agreement period.;
(e ) XXXX will have the right to use any of its Affiliates as signatory to the PSC. If required by XXXX, XXXX will provide a Parent Company Guarantee to guarantee the performance obligations of its Affiliate company.
第四条 联合评估
本协议项下的联合评估根据下列规定分一期或两期进行：
4.1 第一期自本协议生效之日开始，并应连续持续十二（12）个月。在本协议生效之日后十五（15）天之内，XXXX应将第一期工作计划和预算方案递交给指导委员会。指导委员会应在收到该工作计划和预算计划之后的三十（30）日内审查和通过上述工作计划和预算计划，并上交给XXXX待其批准，XXXX将在相同的时间段内给予反馈。在第一期，XXXX将使用合理努力完成第3.2.2条规定的工作计划量。在第一期结束时，XXXX将行使其选择权，选择终止本协议或者进入第二期。XXXX将以书面形式告知指导委员会其选择。除非本协议中另有规定，各方均不会因XXXX行使选择权终止本协议或者进入第二期而产生任何罚金、责任或义务。
4.2 在第一期结束时，如果XXXX通过选举，选择继续第二期，则第二期将于第一期结束后的第二天开始。XXXX应在第二期工作开始后十五（15）日之内向指导委员会递交第二期工作计划和预算方案。指导委员会应在收到该工作计划和预算计划之后的三十（30）日内审查和通过上述工作计划和预算计划，并上交给XXXX待其批准，XXXX将在相同的时间段内给予反馈。在第二期，XXXX将使用合理努力完成第3.2.3条规定的工作计划量。XXXX在第二期结束时书面通知XXXX。各方均不会因XXXX行使其选择权终止本协议而产生任何罚金、责任和义务。
4.3 如果在相关的联合评估期结束之前，没有足够的时间完成工作计划，则应取得指导委员会全体成员的一致批准，但该批准不应无理拒绝给予，根据该批准，第4款中所描述的联合评估期应予以延长。延长的时间应为完成上述联合评估工作所需要的合理时间段。
如果在项目区域内设有钻探设备，并且该钻探设备用于促进本协议中工作计划中所提到的钻探活动，则第四条中所描述的相关的联合评估阶段应进行合理的延长，以完成钻探活动和相关的评估工作。
4.4 除非第4.3款中另行规定，项目区域的联合评估期应持续两（2）年，从本协议生效之日开始, 但整个协议执行时间不应超过【二十七个连续月】【三十个连续月】
第五条 产品分成合同协商和XXXX的选择权
5.1 XXXX有独家权就以下条款与XXXX协商：
（a）如果XXXX决定进入第二期工作，在第二期开始之时，XXXX将向XXXX提供一份勘探、开发和生产的产品分成合同模板。根据XXXX的要求，双方将在第二期开展期间的任何时间点开始产品分成合同的谈判，双方应尽最大的努力使该产品分成合同的谈判在第二期工作结束之前完成。
（b）XXXX将参与分享产品分成合同至少或等同于49%的利益；
（c）所有在本合同项下，经指导委员会批准的，与联合评估相关的，直接与工地运营、第三方合同、程度公司开支和共同工作小组成员全日开支和支出直接相关的费用根据第10款的规定应在产品分成合同中计入可回收费用；
（d）在联合评估协议期间XXXX将担任作业者；
（e）XXXX将有权使用任何其附属公司作为产品分成合同的签署者。如经XXXX要求，XXXX将提供一份母公司保证书以保证该附属公司履行义务。 原件下载：  |
