Law library · Sierra Leone · **The Exploration, Mining and Processing of Mineral Oil (Amendment No. 2) Agreement, (1986) (Ratification) Act, 1986** [Margin: Short title.]
Section 4, **The Exploration, Mining and Processing of Mineral Oil (Amendment No. 2) Agreement, (1986) (Ratification) Act, 1986** [Margin: Short title.]
Status not yet checked**The Exploration, Mining and Processing of Mineral Oil (Amendment No. 2) Agreement, (1986) (Ratification) Act, 1986** [Margin: Short title.], Sierra Leone
Promptly following the execution of this Second Amendment Agreement, the Government will introduce and use its best endeavours to cause to be passed legislation for the purpose of ratifying and confirming this Second Amendment Agreement and implementing the terms thereof. This Second Amendment Agreement shall be effective upon its ratification by legislation. Amoco hereby elects to enter into the Second Renewal on the condition that the legislative ratification is obtained within a reasonable time, it being understood and agreed that:
(*a*) if the legislative ratification is not obtained by 28th May, 1986, then notwithstanding any other provisions to the contrary, Amoco shall not be obligated to pay the lump sum Rental for the
No. 8 *Exploration, Mining and Processing of Mineral Oil (Amendment No. 2) Agreement, (1986) (Ratification)* 1986 A79
Exploration Area for the First Sub-Period of the Second Renewal until thirty (30) days after the publication of such legislative ratification; and
(*b*) if such legislative ratification is not obtained by 28th May, 1986, or such later date as the Government and Amoco may agree, then Amoco shall have the option exercisable by notice to the Minister of Mines and Labour, to withdraw its election to enter into the Second Renewal in which case the Agreement and the Licence shall terminate upon the giving of such notice and the Parties shall have no further rights or obligations thereunder.
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the day and year first above written.
SIGNED, SEALED AND DELIVERED by the Honourable Sanie Sesay, Esq., for and on behalf of the Government of Sierra Leone in the presence of:
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SANIE SESAY
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H. S. KALIL
*Director of Mines*
SIGNED, SEALED AND DELIVERED by the legally authorised representative of AMOCO SIERRA LEONE EXPLORATION COMPANY in the presence of:
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C. E. PEPPER
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ARNOLD J. B. GOODING
3 Walpole Street, Freetown
*Legal Adviser*
Passed in Parliament this *9th* day of *April*, in the year of our Lord one thousand nine hundred and eighty-six.
H. M. JAMES,
*Clerk of Parliament.*
THIS PRINTED IMPRESSION has been carefully compared by me with the Bill which has passed Parliament and found by me to be a true and correctly printed copy of the said Bill.
H. M. JAMES,
*Clerk of Parliament.*
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