Section 18: REVOCATION

The Government may revoke this Agrecment if any of the events described hereunder occurs, provided that it shall have given notice of its intention and the reasons therefor to the Companies reasonably in advançe of revocation : No. 2 Explo:at 1, Mining ad Processing Mineral 1982 19 (a) Failure in the part of the Companigs to fulfil the work obligations assumed by it for the commencement of operations and drilling, or to meet expense obligations within two consecutive periods; or to observe other sub stantial provisions of the Agreement; (b) In case the Companies become bankrupt or go into liquidation; (c) If it is proved that the Companies made. a wilful misrepre sentation of any material fact in the process of the steps taken which have ed to the conclusion of this Agreement; (d) If the Companies fail to comply with an award duly given by an Arbitration Board or a Sole Arbitrator as a result of arbitration proceedings as laid down in this Agreement, after the lapse of six (6)months from the dato of commu nication toit of the award.