s 5 Exceptions to section 4
5.—(1) A Singapore company may explore for or exploit a resource in a part of the Area if —(a) the company has been granted a licence to explore for or exploit that type of resource in that part of the Area; (b) that licence remains in force; (c) the company has entered into a corresponding ISA contract; and (d) the corresponding ISA contract remains in force. (2) An individual who is a Singapore citizen may explore for or exploit a resource in a part of the Area if —(a) the individual is acting as an employee or agent of —(i) a Singapore company in respect of which the requirements of subsection (1) are satisfied; or (ii) a person who has entered into an ISA contract under the sponsorship of any State other than Singapore, and the ISA contract remains in force; and (b) the individual’s exploration or exploitation activities are within the scope of —(i) the licence granted to the Singapore company mentioned in paragraph (a)(i); or (ii) the ISA contract mentioned in paragraph (a)(ii), as the case may be.