Mongolia, DWM Petroleum AG, Zuunbayan XIV Area, Production Sharing Contract, 2008; bonuses, Article 10.1: DWM Petroleum AG shall pay to the government the sum of US$ 100,000 as a signature bonus within 60 days alter ratification of this contract. If DWM Petroleum AG starts up production, it shall pay to the government the sum of US$ 500,000 as a production start-up bonus within 30 days after the beginning date of the production operations. DWM Petroleum AG shall pay to the government one time in following occurrences: 1) the sum of US$ 500,000 as a production bonus if average daily quantity of contract crude oil for any calendar month is equal or less than 5,000 barrels; 2) the sum of US$ 600,000 as a production bonus if average daily quantity of contract crude oil for any calendar month equals to or exceeds 5,001 barrels but is less than 10,000 barrels; 3) the sum of US$ 700,000 as a production bonus if average daily quantity of contract crude oil for any calendar month equals to or exceeds 10,001 barrels but is less than 15,000 barrels; 4) the sum of US$ 800,000 as a production bonus if average daily quantity of contract crude oil for any calendar month equals to or exceeds 15,001 barrels but is less than 20,000 barrels; and 5) the sum of US$ 1,000,000 as a production bonus after average daily quantity of contract crude oil for any calendar month exceeds 20,001 barrels.


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Government of Mongolia and DWM Petroleum AG