Common use of After Acquired Properties Clause in Contracts

After Acquired Properties. a. The parties covenant and agree, each with the other, that any and all After Acquired Properties, excepting mineral interests acquired by the Otionor from unaffiliated third parties in arms length transactions, shall be subject to the terms and conditions of this Agreement and shall be added to and deemed, for the purposes hereof, to be included in the Property. All such After Acquired Properties subject to this Agreement shall be acquired in Optionor’s name. Any costs incurred by the Optionor in staking, locating, recording or otherwise acquiring any “After Acquired Properties” will be deemed to be Mining Operations for which the Optionor will be entitled to reimbursements as part of the Expenditures payable by the Optionee hereunder. b. Any additional claims agreed by the Optionee to be staked by the Optionor within half of a mile from the existing perimeter of the Property boundaries shall form part of this Agreement. All such additional claims shall be located in Optionor’s name. The Optionee will reimburse the Optionor for the costs of staking the additional claims, unless the Optionee does not elect to own such additional claims. The Optionee has the exclusive right to determine if the staking of any additional claims is warranted for any After Acquired Properties. If Optionee elects to not own such additional claims, such additional claims shall belong to Optionor and Optionor shall be free to assign, sell, transfer or otherwise dispose of such additional claims as Optionor determines in Optionor’s sole discretion.

After Acquired Properties. a. The parties covenant and agree, each with the other, that any (i) Any and all After Acquired Propertiesrights, excepting mineral titles, interests and estates acquired by either party within five miles from the Otionor from unaffiliated third parties in arms length transactions, shall be subject to existing perimeter of the terms and conditions Property boundaries during the term of this Agreement and shall be added to and deemed, for become part of the purposes hereof, to be included in the Property. All such After Acquired Properties Property subject to this Agreement Agreement, and all lands within any such rights, titles, interests and estates shall become part of the Property subject to this Agreement, without any additional consideration, as if such rights, titles, interests and estates were originally subject hereto, except that no such right, title, interest or estate shall cause the Area of Interest to be acquired expanded. The acquiring party shall notify the other party of such acquisition within 10 days after such acquisition. The other party shall then have 60 days after delivery of such notice in Optionor’s namewhich to notify the acquiring party that the other party, in its sole discretion, elects not to have such right, title, interest or estate become subject to this Agreement. Any costs incurred by the Optionor in staking, locating, recording or otherwise acquiring any “After Acquired Properties” will be deemed to be Mining Operations for which the Optionor will be entitled to reimbursements as part of the Expenditures payable by the Optionee hereunder. b. (ii) Any additional claims agreed by the Optionee to be staked by the Optionor within half of a mile five miles from the existing perimeter of the Property boundaries shall form part party of this Agreement. All such additional claims shall be located in Optionor’s name. The Optionee will reimburse the Optionor for the costs of staking the additional claims, unless the Optionee does not elect to own such additional claims. The Optionee has have the exclusive right to determine if the staking of any additional claims is warranted for any After Acquired Properties. If Optionee elects subject to not own such additional claims, such additional claims shall belong to Optionor and Optionor shall be free to assign, sell, transfer or otherwise dispose of such additional claims as Optionor determines in Optionor’s sole discretionthis Agreement.

After Acquired Properties. a. The parties covenant and agree, each with the other, that any (i) Any and all After Acquired Propertiesrights, excepting mineral titles, interests and estates acquired by either party within five miles from the Otionor from unaffiliated third parties in arms length transactions, shall be subject to existing perimeter of the terms and conditions Property boundaries during the term of this Agreement and shall be added to and deemed, for become part of the purposes hereof, to be included in the Property. All such After Acquired Properties Property subject to this Agreement Agreement, and all lands within any such rights, titles, interests and estates shall become part of the Property subject to this Agreement, without any additional consideration, as if such rights, titles, interests and estates were originally subject hereto, except that no such right, title, interest or estate shall cause the Area of Interest to be acquired expanded. The acquiring party shall notify the other party of such acquisition within 10 days after such acquisition. The other party shall then have 60 days after delivery of such notice in Optionor’s namewhich to notify the acquiring party that the other party, in its sole discretion, elects not to have such right, title, interest or estate become subject to this Agreement. Any costs incurred by the Optionor in staking, locating, recording or otherwise acquiring any “"After Acquired Properties” " will be deemed to be Mining Operations for which the Optionor will be entitled to reimbursements as part of the Expenditures payable by the Optionee hereunder. b. (ii) Any additional claims agreed by the Optionee to be staked by the Optionor within half of a mile five miles from the existing perimeter of the Property boundaries shall form part party of this Agreement. All such additional claims shall be located in Optionor’s name. The Optionee will reimburse the Optionor for the costs of staking the additional claims, unless the Optionee does not elect to own such additional claims. The Optionee has have the exclusive right to determine if the staking of any additional claims is warranted for any After Acquired Properties. If Optionee elects subject to not own such additional claims, such additional claims shall belong to Optionor and Optionor shall be free to assign, sell, transfer or otherwise dispose of such additional claims as Optionor determines in Optionor’s sole discretionthis Agreement.

After Acquired Properties. a. (i) The parties covenant and agree, each with the other, that subject to Section 20 (iii) herein any and all After Acquired Properties, excepting mineral interests acquired by the Otionor from unaffiliated third parties in arms length transactions, Properties shall be subject to the terms and conditions of this Agreement and shall be added to and deemed, for the purposes hereof, to be included in the Property. All such After Acquired Properties subject to this Agreement shall be acquired in Optionor’s name. Any costs incurred by the Optionor in staking, locating, recording or otherwise acquiring any “After Acquired Properties” will be deemed to be Mining Operations for which the Optionor will be entitled to reimbursements as part of the Expenditures payable by the Optionee hereunder. b. (ii) Any additional claims agreed by the Optionee to be staked by the Optionor within half of a one mile from the existing perimeter of the Property boundaries shall form part of this Agreement. All such additional claims shall be located in Optionor’s name. The Optionee will reimburse the Optionor for the costs of staking the additional claims, unless the Optionee does not elect to own such additional claims. The Optionee has the exclusive right to determine if the staking of any additional claims is warranted for any After Acquired Properties. If . (iii) The Parties covenant and agree, each with the other, that in the case of the Blackrock Project, the Optionee elects already has property in the area, that the Optionee is already subject to not own such additional claimsanother “After Acquired Properties” clause in another property agreement, such additional claims shall belong to Optionor and Optionor shall be free to assign, sell, transfer or otherwise dispose of such additional claims as Optionor determines that this other “After Acquired Property” clause will take precedence over the After Acquired Property clause in Optionor’s sole discretionthis agreement.