145 
LG, 
1 under this Act, which would result in any person directly 
2 or indirectly holding, controlling, or having a substantial 
3 interest in licenses for development of any portion of the 
4 deep seabed which that person could not hold directly under 
5 this Act in accordance with the limitations of this section. 
6 “RELINQUISHMENT OF LICENSED AREAS 
7 “Src. 11. Within ten years of the license date for any 
8 block, and not later than the request for authorization to 
9 exploit as required by section 9 hereof, the licensee shall, by 
10 written notice to the Secretary, relinquish 75 per centum 
11 of such block measured laterally. The relinquishment shall 
49 be such that the unrelinquished area or areas shall conform 
13 to the shape of a block as defined in section 3 hereof. The 
14 licensee shall select the area of the block to be relinquished 
45 and as many as four contiguous blocks of the same type held 
16 by the licensee may be treated as a single unit for selecting 
17 the area to be relinquished. 
18 “INTERNATIONAL REGIME 
19 “Src. 12. At such time as an international agreement, 
99 providing for the establishment of an international regime 
91 for the development of the hard mineral resources of the deep 
99 seabed, shall become binding upon the United States, licenses 
93 issued under this Act shall become subject to the provisions 
94 of that agreement. To the extent that they may be consistent 
95 with the international regime, licenses issued under this Act 
52-273 O- 75 - 11 
