MODEL PRODUCTION SHARING AGREEMENT
                       BETWEEN
          THE GOVERNMENT OF THE UNITED REPUBLIC OF TANZANIA
                         AND
            TANZANIA PETROLEUM DEVELOPMENT CORPORATION
                         AND
                       ABC LTD
                      FOR ANY AREA
                         2013
                     TABLE OF CONTENTS
           PRODUCTION SHARING AGREEMENT....................................................................................................................... 1
           WITNESSETH    .............................................................................................................................................................. 2
           PREAMBLE      .............................................................................................................................................................. 2
           ARTICLE 1:    DEFINITIONS...................................................................................................................................... 3
           ARTICLE 2:    AGREEMENT.................................................................................................................................... 10
           ARTICLE 3:    RESPONSIBILITIES AND GRANT OF RIGHTS............................................................................ 11
           ARTICLE 4:    TERM AND TERMINATION........................................................................................................... 16
           ARTICLE 5:    EXPLORATION PROGRAMME...................................................................................................... 19
           ARTICLE 6:    RELINQUISHMENT OF CONTRACT AREA................................................................................. 22
           ARTICLE 7:    ANNUAL WORK PROGRAMMES AND BUDGET....................................................................... 23
           ARTICLE 8:    ADVISORY COMMITTEE............................................................................................................... 24
           ARTICLE 9:    DISCOVERY, APPRAISAL AND DEVELOPMENT...................................................................... 27
           ARTICLE 10:   JOINT OPERATIONS........................................................................................................................ 34
           ARTICLE 11:   PAYMENT AND ANNUAL CHARGES.......................................................................................... 37
           ARTICLE 12:   RECOVERY OF COSTS AND EXPENSES AND PRODUCTION SHARING..............................38
           ARTICLE 13:   VALUATION OF PETROLEUM...................................................................................................... 43
           ARTICLE 14:   MEASUREMENT OF PETROLEUM............................................................................................... 46
           ARTICLE 15:   NATURAL GAS................................................................................................................................ 47
           ARTICLE 16:   TAXATION AND ROYALTY.......................................................................................................... 49
           ARTICLE 17:   ADDITIONAL PROFITS TAX.......................................................................................................... 50
           ARTICLE 18:   ESTABLISHMENT OF OFFICE, REPORTING, INTERNAL CONTROL, SUPERVISION AND
                         CONFIDENTIALITY......................................................................................................................... 52
           ARTICLE 19:   LIFTING, MARKETING AND DOMESTIC SUPPLY OBLIGATION...........................................55
           ARTICLE 20:   LOCAL CONTENT............................................................................................................................ 57
           ARTICLE 21:   EMPLOYMEN