Article 7 Sale or lease of railway to Railway Company

Tilcon Holdings Limited may lease to the Railway Company the railway or any part thereof, together with all the rights, powers, privileges and obligations vested in Tilcon Holdings Limited by article 6 of this Order, on such terms and with such conditions as may be agreed between the two parties. Tilcon Holdings Limited and the Railway Company may also enter into and carry into effect agreements providing for the subsequent transfer to and vesting in the Railway Company of the railway or any part thereof.

During the continuance of the lease, or after the operative date of any transfer under the provisions of this article, the Railway Company shall to the exclusion of Tilcon Holdings Limited be entitled to the benefit of and to exercise all such rights, powers and privileges and be subject to all such obligations statutory or otherwise as are transferred to or conferred upon Tilcon Holdings Limited by this Order.