Common use of ADDITIONAL SUBSCRIBERS PARTICIPATING IN EXPLORATION PROGRAM Clause in Contracts

ADDITIONAL SUBSCRIBERS PARTICIPATING IN EXPLORATION PROGRAM. The Subscriber acknowledges that the Issuer will be entering into agreements similar to this Agreement with other persons. Such agreements will be dated on or about the same date as this Agreement. The funds paid to the Issuer pursuant to the terms of such agreements will also be deposited in the Exploration Fund. Should the Issuer intend, however, to issue additional "flow-through" securities pursuant to a private placement or pursuant to a public offering different from the Offering, any subscription funds received from such private placement or public offering will be deposited into a bank account separate from the Exploration Fund and will not be commingled with the funds comprising the Exploration Fund, it being the intention of the parties that a separate exploration account be established for each such private placement or public offering. The Issuer will expend such exploration accounts in chronological order with reference to: