Paragraph 6 Extension of the Initial or Second TermI1

This clause F1applies to an extension to be made to the Initial Term or as the case may be to the Second Term (“the relevant term”).

At any time not later than one month before the expiry of the relevant term the Licensee may, subject to payment of the sums specified in Schedule 2 and to performance of the terms and conditions herein contained, give notice in writing to the F2OGA that he desires that term to be extended for a further period.

Where notice is given in pursuance of paragraph (2) of this clause, the F3OGA may in F4its discretion direct in writing that the relevant term be extended; and paragraph (2) of this clause shall apply to that term as so extended.

An extension given by a direction in pursuance of this clause shall be for a period, and subject to such conditions, as the F5OGA may determine.

Where a relevant term is extended in pursuance of this clause, clause 3 shall apply in respect of that term as so extended.

Where the Initial Term is extended by a period in pursuance of this clause, the Second Term shall (without prejudice to paragraph (2)) be reduced by the same amount; and where the Second Term is extended by a period in pursuance of this clause, the Production Period shall be reduced by the same amount.