Must the conditions set forth in the bylaws or articles of incorporation for the exercise of powers by officers/legal representatives, or those that may limit or prohibit the interested party’s participation in bidding rounds and E&P agreement assignment processes, be met before submitting corporate documents?

Yes. Any such conditions must be met in advance, including joint director signatures, express authorization from partners or the Board of Directors to carry out certain acts, including the signing of agreements, among other conditions set forth in the bylaws/articles of incorporation which may limit or prohibit the interested party’s participation in bidding rounds and in procedures for the E&P agreements,as well as the exercise of powers by their officers/legal representatives.