'File 5/1 III Kuwait Oil Company' [‎325r] (654/766)

tTT '
Itils Math i will become ttull &M void.
^{id sfMr flrat, pHyasult of t^m-'kEb llilis-Hf
i OUuAi«U (l ( 8.30,Ouu) as specified above la tiils
<irU<*le on each anniversary of t,,e date of the
a ] gtiabure of ltd.* AhhU- .... simll
pay to fi& ikihSQi the sum of MJl'bEs* iMtk.ii
UiDUt.AhD (Hs.gO.UXJ).
1'ue yearly payment of WFEEh taENtt IVOUkAiw
(lie. :'X3,000) ejiaiicontluue wltnout fail wnether
xm OMrMrt ie working or not, until xi.- etHinu^
e/iould declare that oil has been found on the
MMBIS IWHHiB)! in coHmereially f’jtploiiUble
duaatltiee, in which ev< nt it is agreed that
tills yearly payment snail cease after the expiry
of the then current year for which same .«• been
(16) Should lur iXMAhY succeed in findli'c oU In
commercially exploitable ^uaiitities, it agrees
to pay to lift: in lieu of the antiuel payment
of ftUr&Kw intnxy ii.uuwAi-) (Ks. 30 , 000 ) provided for
la Article (16) a royalty of ii: * >.bn like. m,j
A iUtMi rluuX Oi»i.y (Ke.S/hA) per Sngllsn ton of
net crude oil got and saved (l.e.after deducting
water &ud foreign substances, and oil required
for tne cuotomory operotlous of x®. carAht'a
installations in WE nl0ElKii‘a Territories).
(17) Bf COWfAuf hereby undertakes tint tne
amount received by HX- nittlKii in respect of
royalties etiall not be. less than ifUTKEh hEVEWW
Xikli.iftiiO (Ke.TO.UX/) in auny complete calendar
year in which BiE md-Aift contlnueo work, such
calendar year to begin at tne end of tne last
day of the year for which tu® annual payment of