Condensate PAF Document

CONDENSATE PAF DOCUMENT

Parties and Effective Date

This Condensate Product Authorization and Funding Document (the Agreement) is entered into as of Effective Date: by and between:

Recitals

WHEREAS, Seller operates facilities that produce hydrocarbon condensate suitable for sale and transfer in compliance with applicable specifications; and

WHEREAS, Buyer desires to purchase condensate from Seller and to secure funding and authorization for purchase, transport and handling subject to the terms of this Agreement; and

WHEREAS, the parties agree to document scopes, volumes, payment mechanics, and confidentiality obligations in this Condensate PAF Document.

Scope of Work

Payment Terms

Total Estimated Contract Amount: $ . Price per barrel (if applicable): $

Payment Due: Net days from invoice receipt. Late payment shall incur a late fee of per month on the overdue balance, compounded monthly, plus any reasonable collection costs and attorneys' fees.

Term and Termination

This Agreement commences on Start Date: and continues until End Date: unless earlier terminated in accordance with this Section.

Notice of termination shall be provided in writing at least days prior to the effective termination date, except where termination for material breach may be immediate upon written notice where such breach remains uncured after any applicable cure period set forth herein.

Confidentiality

Each party shall treat as Confidential Information all technical, commercial, financial or other proprietary information disclosed by the other party in connection with this Agreement that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential Information shall not include information that: (i) is or becomes generally available to the public through no fault of the receiving party; (ii) was lawfully in the receiving party's possession prior to receipt from the disclosing party; (iii) is lawfully obtained by the receiving party from a third party without restriction; or (iv) is independently developed by the receiving party without use of the disclosing party's Confidential Information.

The receiving party shall use Confidential Information solely to exercise rights and perform obligations under this Agreement and shall protect such information with at least the same degree of care it uses to protect its own confidential information, but in no event less than reasonable care. Disclosure required by law or order of a court or regulatory body is permitted provided the receiving party gives prompt written notice to the disclosing party and cooperates in any reasonable attempt to obtain a protective order.

Representations, Indemnity, and Insurance

Each party represents that it has the full corporate power and authority to enter into and perform this Agreement. Each party shall indemnify, defend and hold harmless the other party from and against any third-party claims, losses, liabilities or expenses arising out of the indemnifying party's negligent acts, willful misconduct, or material breach of this Agreement, subject to any limitations of liability agreed in writing by the parties. Each party shall maintain insurance customary for similar operations and shall provide evidence of such insurance upon reasonable request.

Governing Law; Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflicts of law principles. The parties shall attempt in good faith to resolve disputes through negotiation and, if unsuccessful, through mediation prior to initiating litigation.

Entire Agreement

This Agreement, including any attachments, schedules, purchase orders and approved amendments executed in writing by both parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous oral or written agreements and understandings. No amendment or waiver shall be effective unless in writing and signed by authorized representatives of both parties.

Notices

Acknowledgment and Authorization

The undersigned representatives each represent and warrant that they are duly authorized to bind their respective parties to this Agreement and that all corporate or organizational actions necessary to authorize execution have been taken.

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