EEPROM **Hardware Level** programming ( 2560 Mega)

This is me going out on a limb here... 10 cycles? I am just guessing that each line is an instruction and an instruction is a cycle? And if this is so, it took 5 cycles between the bit operations.

My teacher made us produce this assembly, but never went over its significance nor how to read it. So I guess I am lost again on this one. Not very familiar with assembly. More the C language level. You sure are making me work for this one Baldly. Which I do appreciate, yet I am still unfortunately not understanding. :%