Common use of Applicable Law 2 Clause in Contracts

Applicable Law 2. 50. This Agreement shall be interpreted according to the law for the time being in force in the said State. THE SCHEDULE WESTERN AUSTRALIA Mining Act 1904-1971 MINERAL LEASE LEASE No. MINERAL FIELD XXXXXXXXX THE SECOND, by the Grace of God of the United Kingdom, Australia and Her other Realms and Territories Queen, Head of the Commonwealth, Defender of the Faith. TO ALL TO WHOM THESE PRESENTS shall come, GREETING: KNOW YE that — WHEREAS by an Agreement made the day of 1972 BETWEEN the Honourable XXXX XXXXXXX XXXXXX MLA the Premier of the State of Western Australia acting for and on behalf of the said State and its instrumentalities for the time being (hereinafter called “the State”) of the one part and CONSOLIDATED GOLD FIELDS AUSTRALIA LIMITED a company incorporated under the Companies Ordinances of the Australian Capital Territory and having its executive office at Gold Fields House Sydney Cove in the State of New South Wales and its registered office in the said State at 000 Xxxxx Xxxxxx’s Terrace Perth CYPRUS MINES CORPORATION a corporation incorporated in the State of New York in the United States of America and having its executive offices situate at 1234 Pacific Mutual Building 000 Xxxx Xxxxx Xxxxxx Xxx Xxxxxxx Xxxxxxxxxx in the United States of America UTAH DEVELOPMENT COMPANY a corporation incorporated under the laws of the State of Nevada in the United States of America with its executive offices situate at 00 Xxxxxxxxxx Xxxxxx Xxx Xxxxxxxxx in the said United States of America and having its registered office in the State of Queensland at Pearl Assurance House at the corner of Queen and Eagle Streets Brisbane XXXXXXX PROSPECTING PTY LTD a company incorporated in the said State and having its registered office situate at the 14th Floor Lombard House 251 Adelaide Terrace Perth in the said State XXXXXX PROSPECTING PTY LTD a company incorporated in the said State and having its registered office situate at the 14th Floor Lombard House 251 Adelaide Terrace Perth in the said State and M. I. M. HOLDINGS LIMITED a company incorporated in the State of Queensland and having its registered office situate at 000 Xxxxxxxx Xxxxxx, Xxxxxxxx (in the said Agreement and herein called “the Joint Venturers” which expression shall where the context so admits or requires extend to and include the Joint Venturers jointly and each of them severally their and each of their successors and permitted assigns and appointees) of the other part (being the agreement referred to in section 2 of the Iron Ore (McCameys Monster) Agreement Authorization Act 1972) the State agreed to cause to be granted to the Joint Venturers a mineral lease or leases. AND WHEREAS the said Agreement was executed by the State pursuant to the authority granted by the Iron Ore (McCameys Monster) Agreement Authorization Act 1972 and the same operates and takes effect as provided in the said Act. NOW WE in consideration of the rents and royalties reserved by and of the provisions of the said Agreement and in pursuance of the said Act DO BY THESE PRESENTS GRANT AND DEMISE unto the Joint Venturers as tenants in common in equal shares subject to the said provisions ALL THOSE pieces and parcels of land situated in the Mineral Field containing approximately hectares (subject to such corrections as may be necessary to accord with the survey when made) and particularly described and delineated on the plan in the Schedule hereto and all those mines, veins, seams, lodes and deposits of iron ore in on or under the said land (hereinafter called “the said mine”) together with all rights, liberties easements advantages and appurtenances thereto belonging or appertaining to a lessee of a mineral lease under the Mining Xxx 0000, including all amendments thereof for the time being in force and all regulations made thereunder for the time being in force (which Act and regulations are hereinafter referred to as “the Mining Act”) or to which the Joint Venturers are entitled under the said Agreement TO HOLD the said land and mine and all and singular the premises hereby demised for the full term of twenty‑one years from the day of 19 with the right to renew the same from time to time for further periods each of twenty‑one years as provided in but subject to the said Agreement for the purposes of the said Agreement but upon and subject to the terms covenants and conditions set out in the said Agreement and to the Mining Act (as modified by the said Agreement) YIELDING and paying therefor the rent and royalties as set out in the said Agreement. AND WE do hereby declare that this lease is subject to the observance and performance by the Joint Venturers of the following covenants and conditions, that is to say —