: (1) Within thirty days from the date of agreement in case of primary exploration period and in case of additional exploration periods, with the application given for extension of such period, the contractor shall provide a bank guarantee equal to the specified sum of dollars for the work obligations of the related exploration period in a format acceptable to the Government of Nepal. will make Expenses incurred for each work that can be clearly omitted must be clearly allocated in the bank guarantee.
(2) After the completion of work that can be clearly excluded from work obligations, the bank guarantee will be reduced from time to time in proportion to the amount allocated in the bank guarantee for such work.
(3) If at the end of the preliminary investigation period or the period added to it or until the date of cancellation of this contract, all or some of the work obligations to be completed by the contractor have not been completed, the contractor or guarantor shall immediately pay the entire amount allocated to the current bank guarantee for such work to the department.