Page 108 - The Persian Gulf Historical Summaries (1907-1953) Vol III
P. 108
105
defined area of crude oil to a suitable site considered convenient for the loading of
the said crude oil, provided that the operations of the Company are not thereby
impeded.
Article 10
The Sheikh shall give the Company and its employees and property all the
protection in His power from theft, highway robbery, assault, wilful damage and
destruction, and the Company may appoint in consultation with the Sheikh and
itself pay, trustworthy guards to assist in protecting the property of the Company
and its employees. Such guards shall at all times be Kuwait subjects unless the
Sheikh permits otherwise. The Company shall erect at its own expense suitable
buildings for the accommodation of such guards and/or of the Sheikh's police at
such places as the Company shall select with the approval of the Sheikh.
Article 11
(A) Before the expiration of the period specified in Article 1 hereof this
Agreement shall come to an end by surrender as provided in Article 12 or in one
of the three following cases: —
(o) If the Company shall fail to fulfil its obligations under Article 2 hereof
in respect of geological and geophysical exploration or drilling.
(b) If the Company shall fail within six (6) months after any anniversary ot
the date of signature of this Agreement to make to the Sheikh any
payments due under Articles 3 and 7.
(c) If the Company shall be in default under the arbitration provisions of
Article 18.
In any of the above-mentioned cases the Sheikh shall be entitled to terminate
this Agreement and all the property of the Company within the State of Kuwait
including the defined area and the Kuwait-Saudi Arab Neutral Zone shall become
the property of the Sheikh.
Article 12
(A) The Company shall have the right at any time after the expiry of two years
from the date of signature of this Agreement to give the Sheikh one year's notice
in advance to terminate this Agreement and the Company shall on expiry of
such notice have no further liabilities except to make payment of all monies which
may be due to the Sheikh up to the date of termination.
(B) Should this Agreement be terminated by the Company under this
Article 12, then: —
(a) If such termination occurs within 35 years from the date of signature of
this Agreement all lands granted by the Sheikh and any lands or
buildings which the Company may have bought and any houses
or buildings constructed by and other immovable property of the
Company within the State of Kuwait including the defined area and
the Kuwait-Saudi Arab Neutral Zone shall be handed over to the
Sheikh free of cost. Producing wells or borings at the time of such
termination shall be handed over in reasonably good order and
repair; but
(b) If such termination occurs after 35 years from the date of signature of
this Agreement all the movable and immovable property of the
Company in the State of Kuwait including the defined area and the
Kuwait-Saudi Arab Neutral Zone shall be handed over to the Sheikh
free of cost. Producing wells or borings at the time of such termina
tion shall be handed over in reasonably good order and repair.
(c) Any impediments to navigation erected by the Company shall, if the
Sheikh so requires, be removed.
Article 13
On the expiry of this Agreement at the end of the period of sixty (60) years
provided in Article 1 or of any extension or renewal of that period all the movable
and immovable property of the Company in the State of Kuwait including tbe
46467 P