Coll 30/137 'Oil: Employment by Petroleum Concessions Ltd., and subsidiary companies of Mr. E. V. Packer.' [‎47ar] (97/114)

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to the Comp
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‘ this Agreement, and it must bear all the engagements
& h therem.
Article j 3 Com P an y ma y terminate this Agreement if it finds it
disagreeabh * >on the same ; but it shall have no right to cancel it or to
abandon it % d iue operating it except after three years with effect from^
the beginnit - 'by giving six months’ previous notice, in writing, to the
Shaikh of itIBjp so. And if the said cancellation should take place within
thirty-five y ' |K ate of signature of this Agreement, all the lands granted
by the Shait \ s or buildings purchased by the Company and any houses
or buildings ^ ' | ~ %nd any immoveable properties belonging to, the Company
within the SL. A v .^ 11 be surrendered to the Shaikh free of charge. And the
wells actualf the time of the said cancellation shall be surrendered in
a condition ( )) -)\b/ 5 good and satisfactory, as they were at that time.
And if t 1 lation should take place after thirty-five years from the
date ot sign^HMMi^HVgreement, all the Company’s properties within the State
of Qatr shall be surrendered, in that case, to the Shaikh, free of charge ; and the
wells actually producing at the time of the said cancellation shall be surrendered
in a condition which is reasonably considered good and satisfactory, as they were
at that time.
On the termination of this Agreement at the conclusion of the seventy-five years,
stipulated for in the Second Article, or the conclusion of any extension or renewal
of its period all the Company’s properties existing in the State of Qatr shall be
surrendered to the Shaikh free of charge ; and the wells actually producing at that
time shall be surrendered in a condition which is reasonably considered good and
satisfactory, as they used to be at that time.
Article Fourteenth .—The Shaikh has the right to cancel this Agreement in the
two cases mentioned below : —
(A) If the Company fails to pay the sums mentioned in the Fourth Article
within six months from the date they fall due. Provided that if any dispute
should be made by the Company in regard to any payment thereof, the
Shaikh shall not cancel the Agreement until arbitration takes place thereon
in accordance with Article Sixteenth and unless the Company fails to
comply with the award of the arbitrators within three months from the
date of the said award.
(B) If the Company is in default according to the provisions for arbitration set
forth in the Sixteenth Article.
Article fifteenth, the Shaikh shall not hold the Company liable if default
should occur on the part of the Company in carrying out or fulfilling the provisions
of the Agreement by the mere occurrence of foi’ce majeure delaying operation * but
should any difference occur between His Excellency the Shaikh and the Company
as to the existence or non-existence of such force majeure, the same shall be
referred to arbitration, as provided for in the Sixteenth Article. And the Shaikh
stipulates that the force majeure delaying operation means that which occurs in
connection with the Company’s operations in Qatr and that nothing else must be
taken into consideration and must not be used by the Company as an argument in
this respect. And the Company shall proceed to effect repairs at the time when any
damage, of any nature, takes place, and the period of the said delay, together with
any period reasonably necessary for repairing the damage will be added to the
period fixed in accordance with this Agreement.
Article Sixteenth. Should any dispute occur between the Shaikh and the
Company 1.1 regard to the interpretation of this Agreement or of any matter arising
therefrom or in regard lo the engagements obligato,y on either of the parties in
accordance therewith, such dispute shall be referred to two arbitrators if no
agreement can be arrived at for settling it by any other method, and the Shaikh
wil appoint one of them and the other will be appointed by the Company. Each
of the two parties shall appoint his arbitrator within thirty davs after receiving the
demaud therefor from the other onrtv y n , 1 £ ^ Je
ixac tmi u aiuiirator wi
demaud for arbitration, the two parties agree that, in that ease tha thr\.,i i v .
should be appointed by the JAilifical Resident; and the Ihmkb make^ aTon k m
that be should agree to the third arbitrator. condition