“Quarter” means, unless the context requires otherwise, a fiscal quarter of NEE Operating LP, or, with respect to the fiscal quarter of NEE Operating LP which includes the Closing Date, the portion of such fiscal quarter after the Closing Date; 1.1.55 “Quarterly Fee Amount” means one million dollars ($1,000,000), which amount shall be adjusted for inflation annually beginning on January 1, 2016, at the Inflation Factor;

“Additional Fee Amount” means the amount by which one percent (1%) of EBITDA as calculated by the Manager (which calculation shall be conclusive absent manifest error) for the most recently ended fiscal year or, with respect to the fiscal year that includes the Closing Date, the portion of such fiscal year after the Closing Date, exceeds four million U.S. dollars ($4,000,000), which amount shall be adjusted for inflation annually beginning on January 1, 2016, at the Inflation Factor;

"Inflation" means the percentage change on the preceding year in consumer prices in the Russian Federation, as most recently published by the Federal State Statistics Service of the Russian Federation;

“Regulatory Asset Value” means at any date, the regulatory asset value of the Distribution Companies for such date as last determined and notified by OFGEM (interpolated as necessary and adjusted for additions to the regulatory asset value and adjusted as appropriate for out-turn inflation / regulatory depreciation).

Rent: Rent of $850 per month, is payable to Consultant, starting July 1, 2019, or, starting 2 months after a successful well in Michigan, whichever is sooner. Rent will be increased using the prior year’s CPI inflation index. If there is deflation, rent stays the same and does not decrease. Adjustment to rent will be made at the beginning of each calendar year.

The CEO shall receive an annual car allowance that will be subject to tax as income. This annual allowance shall amount to €16,500 pa (to be adjusted for annual inflation on an annual basis) and the Company will reimburse all business mileage, at prevailing recommended Revenue guidelines. Appropriate documentation as required by the Revenue should be maintained by the CEO. The allowance shall be paid in equal monthly installments and shall be subject to all applicable taxes.

“Inflation Factor” means, at any time, the fraction obtained where the numerator is the Consumer Price Index for the United States of America (all items) for the then current year and the denominator is the Consumer Price Index for the United States of America (all items) for the year immediately preceding the then current year, with appropriate mathematical adjustment made to ensure that both the numerator and the denominator have been prepared on the same basis;

The salary payable to the CEO hereunder is the minimum salary payable and shall be reviewed annually in each calendar year on or before 1st May by the Board and the Compensation Committee against the background of inflation, national wage agreements and job enlargement (if any) in that calendar year. Any increase in salary agreed between the Company and the CEO will not affect the remainder of the terms of this Agreement which will remain in full force and effect notwithstanding such increase. The CEO shall also be eligible to receive annual bonus compensation of 50% of annual salary with potential to earn up to 100% of annual salary, as determined in the sole discretion of the Board and the Compensation Committee, with such bonus compensation and criteria to be reviewed by the Board and Compensation Committee on an annual basis.

January and February 2019 no compensation will be paid. March and April will include compensation of $500 per month. May and June will include compensation of $1,500 per month. If the Company does not have two wells drilled and completed in California by June 30, 2019, and if the price of West Texas Intermediate Oil is below $50 per barrel, then compensation continues at $1,500 per month. If the Company has successfully drilled and completed two wells in California and the price of West Texas Intermediate Oil is above $50 per barrel on or after June 30, 2019, then compensation rises to $2,000 per month. For every well that is drilled and completed after the initial two wells, $2,000 per month will be added to the compensation until the contracted rate of $9,000 per month is attained. ​ If the Company drills ONE successful well in Michigan at any point from the signing of this contract, then two months after the well is put on production, compensation will go to the full $9,000 per month (a month is defined as any calendar day of that month. For example, if the well is put on-line on June 28, June is the first month, July is the second month, and full pay of $9,000 per month would start on August 1). Once the full $9,000 is established, compensation will be increased at a rate using the prior year’s CPI inflation index. If there is deflation, compensation stays the same, and is not decreased. The adjustment, if any, will be made at the beginning of each calendar year.