Page 20 - The Persian Gulf Historical Summaries (1907-1953) Vol III

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Article XIII
The rights conveyed by this lease shall not be conveyed to a third party without
the consent of the Shaikh acting under the advice of the Resident in the Persian
Gulf. Such consent shall not be unreasonably withheld.

Article XIV
In the event of there arising between the parties to the present lease any dispute
or difference in respect of its interpretation or the rights or responsibilities of one or
the other of the parties therefrom resulting, such dispute or difference shall be
submitted to two arbitrators one of whom shall be named by each of the parties
and to an umpire who shall be appointed by the arbitrators before they proceed
to arbitrate. The decision of the arbitrators or in the event of the latter disagreeing
that of the umpire shall be final.

(a)
Indenture No. 1 dated June 12, 1930, between the Eastern and General Syndicate
Limited and the Ruler of Bahrain prolonging till December 2, 1930, the
Exploration Licence Period granted under the 1925 Concession Agree­
ment, and Recognising the Transfer by the above Company to the
Bahrein Petroleum Company of all the rights granted under the same
1925 Concession Agreement

Indenture between Shaikh Hamad bin Shaikh Issa Al Khalifah Shaikh
of Bahrain (hereinafter called “ the Shaikh ”) (acting on the advice of the British
Political Resident in the Persian Gulf) of the one part and The Eastern and
General Syndicate Limited (hereinafter called “ the Company ”) of the other
part.

These Presents Witnesseth that it is hereby agreed and declared as follows: —
1. The period of the Exploration Licence under the Concession Agreement
dated the second day of December One thousand nine hundred and twenty-five
and made between the Shaikh of the one part and the Company of the other part
(to which these presents are supplemental and a photostatic copy whereof is
annexed hereto) shall be and the same is hereby extended up to and so as to
include the second day of December One thousand nine hundred and thirty.
< 2. The maximum period of two years (subject to the extension for a further
period of two years as provided in Article 4 of the said Concession Agreement
dated the second day of December One thousand nine hundred and twenty-five)
of the Prospecting Licence shall be counted from the expiry of the Exploration
Licence (second day of December One thousand nine hundred and thirty) or from
the date when the Prospecting Licence is issued if it is granted during the course of
the period of extension of the said Exploration Licence and any Mining Lease
to be granted on the expiry of the Prospecting Licence extension thereof or upon
earlier application therefor shall be for a period of fifty-five years as provided in
the Third Schedule of the said Concession Agreement dated the second day of
December One thousand nine hundred and twenty-five.
3. If and when the benefit of the said Concession Agreement or any of the
rights thereunder shall be assigned to the Bahrain Petroleum Company Limited
as hereinafter authorised then and in that case the conditions set out in the Schedule
hereto shall forthwith become and be part of the said Concession Agreement as
if the same had been originally contained therein and the same shall be binding
upon the Bahrain Petroleum Company Limited accordingly and upon the grant
of a Mining Lease pursuant to the said Agreement the like conditions shall be
inserted therein in addition to the conditions set out in the form of Mining Lease
scheduled to the said Concession Agreement and the said Agreement shall take
effect as if the said form of Mining Lease had always contained such additional
conditions.
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d