Agreement Reached Between Staatsolie Maatschappij Suriname N.V. and [Company Name]

AMSTERDAM, THE NETHERLANDS - Staatsolie Maatschappij Suriname N.V. and [Company Name] have signed an agreement regarding the compensation of the receiving party for disclosing confidential information.

Terms of Agreement

According to the agreement, dated [Date], the receiving party will pay a sum of US$ [Amount] to the disclosing party for the disclosure of the confidential data. The payment will be made via electronic funds transfer to the bank account provided by the disclosing party.

Confidential Data Delivery

The agreement outlines the terms and conditions under which the confidential information will be delivered to the receiving party. The disclosing party must ensure that:

The information is accurate
It is complete
It is free from defects

If any missing data or defects are discovered after delivery, the parties will work together to resolve the issue.

Dispute Resolution and Confidentiality

The agreement includes provisions for dispute resolution, arbitration, and confidentiality. Any disputes arising out of this agreement will be settled through a sole arbitrator in accordance with the Arbitration Rules of the International Chamber of Commerce (ICC). The arbitral award rendered will be final and binding without right of appeal.

Breach of Agreement

The receiving party has agreed to compensate the disclosing party for any breach of this agreement, including injunctive relief and specific performance. A party may apply to a competent judicial authority for interim or conservatory relief, but such measures shall not affect the powers of the arbitrator.

Effective Date and Supersession

The agreement is effective as of the date first written above and supersedes all prior communications, understandings, and agreements between the parties relating to the confidential information.

Exhibit A: Map of Confidential Data

A map showing the area divided into blocks 63, 64, 65, 66, 67, and 68, as well as the data that can be viewed and/or evaluated in the area, has been included as Exhibit “A” to this agreement.

Contact Information

If you have any questions or would like more information, please contact: [Name], Managing Director, Staatsolie Maatschappij Suriname N.V.