Page 226 - The Persian Gulf Historical Summaries (1907-1953) Vol III_Neat

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Article 18
On the expiry of this Agreement at the end of the period of Seventy-five Years
provided in Article 2 of any extension or renewal of that period all the movable
and immovable property of the Company in the Slate shall be handed over to the
Shaikh free of cost. Producing wells or borings at the time of such expiry shall
be handed over in reasonably good order and repair.

Article 19
Subject to the provisions of Article 22 hereof the Shaikh shall have the right
to terminate this Agreement and to take without payment all the property of the
Company in the State if: —
(a) The Company shall fail to make any of the payments prescribed in this
Agreement within 6 months of the date on which they fall due, or
(b) The Company shall be in default in respect of an arbitration award under
Article 24 hereunder.

Article 20
Nothing in this Agreement shall be read as restricting in any way the right
of the Shaikh to grant to other parties concessions or permits for materials other
than the Substances as defined in Article 3 provided that the operations and rights
of the Company hereunder are not thereby injuriously afTected.
If the Shaikh should at any date subsequent to the date of signature of this
Agreement grant to any other parties concessions or permits as aforesaid the Shaikh
undertakes that such concessions shall contain provisions requiring the holders
thereof to abstain from damaging, impeding or interfering with the property,
operations and interests of the Company.
Deposits of minerals such as gold, silver, copper, lead, potash, sulphur and salt
or the like which may be discovered by the Company shall be reported to the
Shaikh and shall not be worked by the Company except under special concession
or permit from the Shaikh.
Further the Company shall instruct geologists to mark carefully and report to
the Company any area and its location which appears to them to give promise
of yielding minerals or fresh water from a bore-hole and the Company undertakes
to keep the Shaikh informed of all such minerals and water reports and the sites
of the area or areas.
Article 21
The Shaikh hereby agrees that the Company may transfer the obligations
and benefits of this Agreement to a British Company to be called “ Petroleum
Development (Trucial Coast) Limited ” or to any other Company registered within
the British Empire.

Article 22
Failure on the part of the Company to fulfil any of the conditions of this
Agreement shall not give the Shaikh any claim against the Company or be deemed
a breach of this Agreement in so far as such failure arises from force majeure,
and if through force majeure the fulfilment by the Company of any of the con-
ditions of this Agreement be delayed the period of such delay shall be added
to the periods fixed by this Agreement. ... , . r
Force majeure as used in this Agreement includes the Act of God, war, insur-
rection riot civil commotion, tide, storm, tidal wave, flood, lightning, explosion,
fire earthquakes and any other happening which the Company could not reasonably
prevent or control.
Article 23
The Shaikh shall not by general or special legislation or by administrative
by any other act whatever annul this Agreement except as provided in
measures or
Article 19.