Table 2 – General description of the sectors and minimum qualification required from the Operator Basin Exploration Model Sectors Number of blocks1 Area offered (km²) Exploration Phase2 (years) Payment for withholding of the area3 (R$/km²/year) Minimum qualification required4 Campos High Potential SC-AP1 4 2,429.02 7 R$ 1,261.90 A SC-AP3 6 3,595.50 7 R$ 560.84 A Espírito Santo High Potential SES-AP1 1 722.35 7 R$ 1,682.53 A SES-AP2 6 4,305.18 7 R$ 841.27 A Mature Basin SES-T4 7 169.35 5 R$ 44.87 C SES-T6 12 290.80 5 R$ 44.87 C Paraná New Frontier SPAR-CN 11 31,471.86 6 R$ 280.42 C Parnaíba New Frontier SPN-N 5 13,508.70 6 R$ 420.63 C SPN-SE 7 20,513.13 6 R$ 420.63 C Pelotas New Frontier SP-AP4 2 5,108.85 7 R$ 210.32 A SP-AUP4 4 10,217.71 7 R$ 210.32 A Potiguar Mature Basin SPOT-T1B 5 127.98 5 R$ 44.87 C SPOT-T2 2 66.80 5 R$ 44.87 C SPOT-T4 54 1,500.68 5 R$ 44.87 C SPOT-T5 1 28.91 5 R$ 44.87 C Recôncavo Mature Basin SREC-T1 3 82.84 5 R$ 44.87 C SREC-T2 4 90.84 5 R$ 44.87 C SREC-T3 6 130.88 5 R$ 44.87 C SREC-T4 14 338.52 5 R$ 44.87 C Santos High Potential SS-AP4 11 7,574.35 7 R$ 560.84 A SS-AR3 19 3,303.15 7 R$ 1,261.90 B
the Applicable Laws and Regulations, grant a royalty reduction to up to 5% over the incremental production generated by the new investment plan to be executed in field. Table 3 – Amounts of the Royalty rates for the sectors offered in the 14th Bidding Round Basin Sectors Royalty Rates for the sectors of the Round Royalty Rates for the fields arising from this Tender protocol that may pay the Special Share Campos SC-AP1 10% 10% SC-AP3 10% 10% Espírito Santo SES-AP1 10% 10% SES-AP2 10% 10% SES-T4 7.5% 10% SES-T6 7.5% 10% Paraná SPAR-CN 5% 10% Parnaíba SPN-N 10% 10% SPN-SE 10% 10% Pelotas SP-AP4 5% 10% SP-AUP4 5% 10% Potiguar SPOT-T1B 7.5% 10% SPOT-T2 7.5% 10% SPOT-T4 7.5% 10% SPOT-T5 7.5% 10% Recôncavo SREC-T1 7.5% 10% SREC-T2 7.5% 10% SREC-T3 7.5% 10% SREC-T4 7.5% 10% Santos SS-AP4 10% 10% SS-AR3 10% 10% SS-AR4 10% 10% Sergipe-Alagoas SSEAL-AP1 10% 10% SSEAL-AP2 10% 10% SSEAL-AUP2 10% 10% SSEAL-T1 7.5% 10% SSEAL-T2 7.5% 10% SSEAL-T4 7.5% 10% SSEAL-T5 7.5% 10%
Table 5 – Enrollment Documents Type Section in the tender protocol Document Requirement Form Notarization Documents issued abroad and/or in a foreign language Consularization by a diplomatic office (for documents issued abroad) Sworn translation (for documents in a foreign language) Filing with the Registry Office of Deeds and Documents (for documents issued abroad) 4.2 Enrollment 4.2.1 a) Corporate documents/Acts of incorporation √ No √ √ √ √ 4.2.1 b) Corporate documents/Evidence of the powers and names of the legal representatives If applicable No √ √ √ √ 4.2.1 c) Corporate documents/Documents evidencing satisfaction of any conditions to exercise the representatives’ powers If applicable No √ √ √ √ 4.2.1 d) Declaration of presentness of the charter √ ANNEX V √ √ Not applicable. See the form in the annex.* √ 4.2.2 Power of attorney to appoint accredited representatives √ ANNEX VI √ √ √ √ 4.2.3 Detailed ownership structure of the chain of control √ No √ √ √ √ 4.2.4 Declaration of technical, economic, and financial capacity and legal, tax, and labor compliance √ VII √ √ Not applicable. See the form in the annex.* √ 4.2.5 Confidentiality agreement √ ANNEX VIII √ √ Not applicable. See the form in the annex.* √ 4.2.6 Commitment to adjust the corporate purpose of the bidder to the exploration and production of oil and gas If applicable ANNEX IX √ √ Not applicable. See the form in the annex.* √ 4.2.7 a) Evidence that the company is organized under and is in regular standing with the laws of its country Only for foreign bidders No √ √ √ √
Table 8 – Sequence of the bidding process Basin Sectors Parnaíba SPN-N SPN-SE Pelotas SP-AP4 SP-AUP4 Potiguar SPOT-T1B SPOT-T2 SPOT-T4 SPOT-T5 Santos SS-AP4 SS-AR3 SS-AR4 Recôncavo SREC-T1 SREC-T2 SREC-T3 SREC-T4 Paraná SPAR-CN Espírito Santo SES-AP1 SES-AP2 SES-T4 SES-T6 Sergipe-Alagoas SSEAL-T1 SSEAL-T2 SSEAL-T4 SSEAL-T5 SSEAL-AP1
Handling of data to be acquired in an exploration and/or production area under the concession agreement shall follow the effective standards, especially ANP Resolution No. 11/2011 and ANP Resolution No. 01/2015. This confidentiality agreement shall be governed and construed pursuant to the laws of the Federative Republic of Brazil, and the competent courts shall be the courts of the city of Rio de Janeiro. ___________________________ [signature] Signed by: [enter the name(s) of the accredited representative(s) or the legal representative of the bidder] Place and date: [enter place and date]
284 Sergipe-Alagoas SSEAL-T5 SEAL-T-438 69,172.50 132 285 Sergipe-Alagoas SSEAL-T5 SEAL-T-442 116,499.77 209 286 Sergipe-Alagoas SSEAL-T5 SEAL-T-443 139,461.11 209 287 Sergipe-Alagoas SSEAL-T5 SEAL-T-450 113,760.27 209
Note *4: SC-AP1 (Macabu Fm. – Aptian); SC-AP3 (Carapebus Fm. – Late Cretaceous); Note *5: SS-AP4 (Ilha Bela Mb. – Itajaí-Açú Fm. – Late Cretaceous for blocks S-M-1229, 1478, 1597, 1599, and 1601 and Maresias Mb. – Marambaia Fm. – Paleogene for the other blocks); Note *6: SS-AR3 (Guarujá Fm. – Albian), SS-AR4 (Maresias Mb. – Marambaia Fm. – Paleogene for block S-M-1290, Ilha Bela Mb. – Itajaí-Açú Fm. – Late Cretaceous for blocks S-M-1034, 1096, 1100, 1163, 1164, 1226, 1227, 1228, 1287, 1289, 1477, and 1538 and Guarujá Fm. – Albian for the other blocks).
(ii) The Par Value of the Policy shall be reduced to an amount equal to the Remaining Par Value, specified below in item (b), effective as of the date of this Proof. (a) Amount in Reais allocable to works in the Minimum Exploration Program R$[enter the Par Value] (b) Remaining Par Value R$[enter the Par Value] This Proof was effectively signed by the undersigned on [enter the date in the format month/day/year]. NATIONAL AGENCY OF PETROLEUM, NATURAL GAS AND BIOFUELS ___________________________ [signature] Name: [enter the name] Title: [enter the title] Document III – Form of Default Notice and Claim for Indemnification Policy No. [enter the number of the policy] Rio de Janeiro -RJ ([enter the date of the payment order in the format month/day/year]) [FORM TO BE PRESENTED BY ANP IN CASE OF WITHDRAWAL – DO NOT FILL OUT] In cash The undersigned, duly authorized to sign this Proof on behalf of ANP, hereby certify that (i) the Agreement was terminated without compliance with the Minimum Exploration Program or (ii) the Minimum Exploration Program was not complied with by the Contracted Parties as of [enter the initial date of failure to perform the obligations, in the format month/day/year]. We request payment of the par value of [enter the amount in words] Reais (R$[enter the Par Value]) to the NATIONAL AGENCY OF PETROLEUM, NATURAL GAS AND BIOFUELS. Withdrawal according to POLICY No. [enter the number of the policy] issued by [Name of the Insurance Company].
Rio de Janeiro, [enter the month] [enter the day], [enter the year]. ___________________________ [signature] _________________________________ [enter the name of the Legal Representative of the bidder [enter the corporate name of the bidder] ________________________________________ DÉCIO FABRICIO ODDONE DA COSTA DIRECTOR-GENERAL OF ANP NATIONAL AGENCY OF PETROLEUM, NATURAL GAS AND BIOFUELS – ANP Witnesses: _________________________________ Name: ID: CPF: _________________________________ Name: ID: CPF: Oil and Gas (BOE) Pledge Agreement And Other Covenants ANNEX I – Fields in the Production Phase with Pledged Oil Production Table 1 – Fields in the Production Phase with Pledged Item 20x1 20x2 20x3 20x4
ANNEX I – FIELDS IN THE PRODUCTION PHASE WITH PLEDGED OIL PRODUCTION Table 1 – Fields in the Production Phase with Pledged Natural Gas Production Fields Item 20x1 20x2 20x3 20x4 Field 1 Production (m³/day) Field Value R$ * Field 2 Production (m³/day) Field Value R$ * Total Production of the Fields (m³/day) Total Pledged Amount (R$) ** Table 2 – Detail on Calculation of the Total Annual Amount of the Field Production Guarantee Field Parameters Year 20x1 20x2 20x3 20x4 Field 1 Average production in m³/day Reference Price of the Natural Gas (PRGN)/m³ T = Deadline (Section 4.2) 180 180 180 180 Total Pledged Amount (R$) for the Field Field 2 Average production in m³/day Reference Price of the Natural Gas (PRGN)/m³ T = Deadline (Section 4.2) 180 180 180 180 Total Pledged Amount for the Field Total Pledged Amount (R$) ** **Total Pledged Amount = ∑c (Production x PRGN x T) Where: ∑c = sum of the amounts for each field offered as a guarantee Production = total daily average production expected each year for the pledged field. PRGN = Natural Gas Reference Price of the latest month published on ANP’s website. T = deadline, in days, for execution of the agreement, pursuant to section 4.2. ANNEX II – Concession Agreement(s) of the Fourteenth Bidding Round guaranteed by this Instrument Agreement(s) No. Process(es) No. Block(s) Guarantee (R$/UW) PEM (UWs) Financial Guarantee (R$) Exploration Phase (years)