29 29.1 292 292.1 interpreted in accordance with Jordanian Laws, subject to article 29, Stal (Change of Fiseal Law A Change of Fiscal Law made after the Signature Date shall not be applicable to this Agreement or the Company in respect of this Agreement. Material Adverse Change ‘A Material Adverse Change means a change to any Jordanian Law (whether by amendment of, or change inthe interpretation of application fof any such Law or by enactment or promulgation of any new Law or as a result of ‘any binding adjudication by any judicial, arbitral or Governmental Authority amending or rendering invalid any provision of this Agreement), other than a Change of Fiscal Law, which: (2) applies to the hydrocarbon sector including refining and all downstream activities other than retail), and/or the mining sector; or 29 st i, au YARD Ge ony oy a! fy Gal alll yas gl we Gh Lad Aa f ABI eg ae Aion) eA cal at Fe Le i i gan hed eta a A ot J dt oS IS ol) git) ath al gl Jat oe FS ot yl Gale J J ad ie Ge he ole es J Sa gl dhe a J cae Hest Upp J Apes gy gle BBD ae BAN oe A A A te) le Sasa elt le Gul (i) Sas be hd AML Quan SS Seid gS J], sind » 2-29 12-29292.2 (b) adds to the list of Controlled Substances; reduees the ELVs or FQSs; or changes the monitoring regime of the Controlled Substances; (6) obliges the Company to take measures, (o mitigate odour annoyance as set out at article 13.8.5 of this Agreement; or (@) directly discriminates against any hhydrocarbon and/or mining company or the Company ‘or any change to the Environmental Standards, in each case occuring after the Signature Date. Subject to the provisions of article 29.2.3 jn the event of a Material Adverse Change, the Government may amend the relevant Jordanian Law of the Parties shall trend this Agreement for take such other action as is appropriate or necessary 80 a8 Lo promply restore the overall economic benefit to the Company. Where the Government does not amend the relevant Jordanian Law, or the Parties cannot agree to tamend the Agreement or take other action the J Rd Hat gh 8 I Gy me Sah et ap J tae ob JAGR Maal hyd ye J gles Gad ys May 529 got (@) Be Dh cam US vad Do Mica ABD a ou 5-8 Be Sb gl ae ee Ke ay Asya J case Sf ae Sas SOA A Ml pdt eet gh J A at ows Aa 5592-29 BL AG ele PN gH a aga Soe ug ae lel Set JAMIN oa Jc GLB gw J ala gd Fak al om gaye J Sele Al ela! Y ates AA Seay Sahel el (is bike gS AH Sl Lays Ja elga) So J AAU Jo Sle uN! Ge A ele oS DI J gil Lata oat sl 2-229 =29.23 Government shall pay, or otherwise allow, the Company an amount of compensation for any Additional cost or loss of revenue, For the avoidance of doubt, and in accordance with article 41.3, the Government confirms that no approval, other than that required under this Agroement, will be required to make any amendments to the Agreement necessary under article 292 Tf one or more Material Adverse Changes results in an overall accumulated financial effect in any Tax Year that ineteases the Company's costs in relation to the Oil Shale Operations or otherwise reduces the Company's pre-tax revenue in an amount of: (@) more than one million US Dollars ($1,000,000) (or the inflation adjusted ‘equivalent caleulated from the Effective Date) during the Pre-Development Period: oF (b) more than five million US. Dollars (85,000,000) (oF the inflation adjusted ‘equivalent caleulated from the Effective Date) during the Development Period, FH AG oe Gis Hy LD Ge S65 G4 al iyy at fay cath st hoe Hilly lS ge tye 6 SUF RY as oD AION a yy 50 2-29 6 gyal UR le CD Pe BD ge ale ae oY BES ey Aye Hee gl gh Lut Sj Bab on SAB Al ebay Gla Lk Tat Jib pad 8 AS Sd oe ai 8) 1.000.000) Sind ss wale ce 99 a () oe olay Saeed GA hat) (GS GB GE DS (Bi BE Oe pa rn whl By ode ek ce any ae () Sana (ASA a) (S14) JY 52 5.000.000) Sa DS (Bi ud Ge peat le re 3-229