Paragraph 2 ApplicationI1

F1no licence is grantedunder the North Sea Transition Authority 33^rd Offshore Licensing Round;

any licence granted under the North Sea Transition Authority 33^rd Offshore Licensing Round is terminated and no longer has effect;

before 1 January 2026, the licensee has not obtained the necessary consents;

the licensee fails to serve notice on the undertaker as required by paragraph 5,