"ذو طابع سرّي D 107 86/5-I الرابطة الشرقية والعامة المحدودة - السعودية" [و‎‎٨‎١] (٣٨٦/١٦٦)

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sum to be estimated on the basis of the income, which the landowner gets from
that land. The Government will offer reasonable assistance to the Company in
case of any difficulties which may arise in this respect, the Company has no right
to acquire or occupy any sacred place.
Article 23.
The Company should submit to the Government the copies of the
typographical maps and geological reports which are definitely certified by the
Company in connexion with the authorised zone covered by this agreement. The
Company should also submit to the Government within four months at the end of
every year (as from the date of discovering oil in commercial quantities), a report
explaining the work done during that year and provided for in this agreement,
provided that the Government treat these maps and reports as confidential.
Article 24.
No failure or negligence on the part of the Company in respect of the
execution of any of the conditions of this agreement shall entitle the Government
to claim compensation from the Company, if such failure or negligence is
accidental and unavoidable. If the execution of any of the conditions of this
agreement is delayed on account of force majeure, the period of delay together
with the period necessary for the reparation of the harm or damage shall be
added to the period and conditions specified in this agreement.
Article 25.
The Company has the right to terminate this agreement at any time, and in
such case it should give to the Government in writing thirty days’ notice, whether
by letter or by telegram, provided that the telegraphic notice is followed by a
confirmatory letter. As soon as the termination of this agreement is effected by
the giving of the said notice or by any other means, the Government and the
Company will both be free from any restrictions and obligations imposed on them
by this agreement, with the exception of the following :
(1) The immovable property of the Company, such as roads, oil or water
wells, together with their pipes and the immovable buildings and
fittings, &c., will be the property of the Government free of any
charge.
(2) The Company should grant the Government a period of delay to enable
them to purchase the movable property of this concern existing in
Saudi Arabia at a reasonable price equivalent to that of any other
similar property at that time, subject to the reduction which is usual
with second-hand property. Any dispute which may arise over fixing
this reasonable price shall be settled by arbitration in the same way
as is provided for in article 28 of this agreement, and if the Govern
ment refuse or fail to buy the said movable properties within a period
of two months from the date of terminating this agreement, and if the
Government fail to pay the amount of the cost within thirty days
after such cost is decided either by mutual agreement or by arbitra
tion, the Company shall have the right to take and remove the
properties in question within a period of six months.
Article 26.
If the Company breaks its engagements in regard to paying the second 1°^
agreed upon in accordance with this agreement, or to beginning the work ot
digging provided for in this agreement, or to paying the two loans agreed upon
as indicated in article 8, or if it breaks its engagement under article 28 of tbis
agreement regarding the payment of any compensation which may be imposed on
the Company, the Government will then have the right to warn the Company
immediately, and if the Company does not take immediate steps with a view to
carrying out the broken engagements, the Government shall have the right to
terminate this agreement