This Agreement shall commence as of the Effective Date and shall remain in full force and effect through December 31, 2022 (the “ Primary Term ”),   and thereafter the Term of this Agreement shall continue on a year-to-year basis unless terminated by either Party, effective at the end of the Primary Term or at the end of any annual extension of the Primary Term, upon the giving of a minimum of sixty (60) days prior written notice; provided, however, that notwithstanding the foregoing, this Agreement, and all of the rights and obligations of the Parties hereunder, shall, in any event, remain in full force and effect (to the extent of any Oil Production subject to such Commitment Agreements) and shall not terminate, until the termination date of the last to terminate of all Commitment Agreements entered into in compliance with this Agreement and covering such Oil Production. Notwithstanding any termination of this Agreement as provided above in this Section 15, the terms and provisions of Sections 14, 17 and 18 hereof, all indemnification obligations arising hereunder in connection with or pertaining or relating to matters occurring prior to the termination of this Agreement, and all payment obligations arising hereunder in connection with or pertaining or relating to matters occurring prior to the termination of this Agreement shall survive the termination of this Agreement.