Common use of Area of Interest Clause in Contracts

Area of Interest. 1. My interest or rights to acquire (a) any interest in mining claims or in other real property interests within the area described in Exhibit “A-2” (the Area of Interest”) or (b) contiguous claims that may extend beyond the Area of Interest, acquired during the Earn-In Period by or on behalf of either party or any affiliate or subsidiary of either party shall become subject to the terms and provisions of this Agreement in accordance with the provisions of Section H.2. 2. Within 30 days after the acquisition of such additional property, all or any portion of which lies within the Area of Interest (or constitutes contiguous claims that may extend beyond the Area of Interest), the acquiring party shall notify the other party of such acquisition. Such notice shall describe in detail the acquisition, the lands, the nature of the interest therein, the mining claims or other real property interest covered thereby, and the acquisition cost. In addition to such notice, the acquiring party shall make any and all information concerning the additional property available to the other party. The other party shall then have 30 days after receipt of such notice and information to elect in its sole discretion to include such additional interest in the Property. 3. All costs incurred by LBSV for acquiring additional property that becomes subject to this Agreement shall accrue toward the LBSV Aggregate Work Obligation. Should AuEx be the acquiring party and LBSV elect to accept the additional property into the Property, LBSV shall reimburse AuEx for its acquisition costs, and the amount of such reimbursement shall accrue toward the Aggregate Work Obligation. II a party elects not to include such an additional interest as part of the Property, then with respect to that additional interest, either party shall be free to take actions with respect to and dispose of such interest without any obligation to the other party. 5. All real property interest and any new claims accepted to the Property must be acquired in the name of AuEx, Inc until such time as LBSV has vested its 70% interest in the TSP.

Area of Interest. 1. My Any interest or rights to acquire any interest in (a) any interest in mining claims mineral concessions, surface rights or in other real property interests within the area described in Exhibit “A-2” A-3 (the “Area of Interest”) ), or (b) contiguous claims mineral concessions, surface rights or other real property interests that may extend beyond the Area of Interest, acquired during the Earn-In Period by or on behalf of either party EGC or MMI, or any affiliate or subsidiary of either party of them, shall become subject to the terms and provisions of this Agreement in accordance with the provisions of Section H.2H(2). 2. Within 30 days after the acquisition of such additional property, all or any portion of which lies within the Area of Interest (or which constitutes contiguous claims mineral concessions, surface rights or other real property interests that may extend beyond the Area of Interest), the acquiring party Party shall notify the other party Party of such acquisition. Such notice shall describe in detail the acquisition, the lands, the nature of the interest therein, the mining claims mineral concessions, surface rights or other real property interest covered thereby, and the acquisition cost. In addition to such notice, the acquiring party Party shall make any and all information it has concerning the additional property available to the other partyParty. The other party Party shall then have 30 days after receipt of such notice and information to elect in its sole discretion to include whether such additional interest shall be contributed to NewcoPeru if and when MM exercises the Earn-In Right. If the other Party so elects, such additional interest shall be considered part of the Property for purposes of this Agreement, and shall transferred to NewcoPeru in the Property.same manner as the Property and the Concessions pursuant to Section B. 3. All costs incurred by LBSV MMI for acquiring additional property that becomes subject to this Agreement shall accrue toward the LBSV Aggregate Work Obligationcount as Exploration and Development Expenses. Should AuEx EGC be the acquiring party Party and LBSV MMI elect to accept that the additional property into the Propertybe contributed to NewcoPeru, LBSV MMI shall reimburse AuEx EGC for its acquisition costs, and the amount of such reimbursement shall accrue toward the Aggregate Work Obligationcount as Exploration and Development Expenses. II 4. If a party Party elects pursuant to Section H (2) that such additional property shall not be contributed to include such an additional interest as part of the PropertyNewcoPeru, then with respect to that additional interest, either party the acquiring Party shall be free to take actions with respect to and dispose of such interest in its sole discretion, without any obligation to the other partyParty. 5. All real property interest and any new claims accepted to the Property must be acquired in the name of AuEx, Inc until such time as LBSV has vested its 70% interest in the TSP.

Area of Interest. 1. My interest 14.1 In this Section, "Area of Interest" means an area of two (2) kilometres around the perimeter boundaries to the Property, or rights to acquire any part thereof. 14.2 If, during the term of this Agreement and so long as the Joint Venture is still in force, either Party or any of its Affiliates stakes (athe "Acquiring Party") any interest in mining mineral claims or in any other real property interests within the area described in Exhibit “A-2” form of mineral tenure (the Area of Interest”"AOI Tenure") located wholly or (b) contiguous claims that may extend beyond partly within the Area of Interest, acquired during the Earn-In Period by or on behalf of either party or any affiliate or subsidiary of either party Acquiring Party shall become subject forthwith give notice to the terms and provisions of this Agreement in accordance with other Party (the provisions of Section H.2. 2. Within 30 days after the acquisition "Non-Acquiring Party") of such additional propertystaking, including the costs thereof and all or any portion of which lies within the Area of Interest (or constitutes contiguous claims that may extend beyond the Area of Interest), the acquiring party shall notify the other party of such acquisition. Such notice shall describe details in detail the acquisition, the lands, its possession with respect to the nature of the interest thereinAOI Tenure and the known mineralization thereon. Upon delivery of such notice: (a) if such staking occurs prior to the formation of the Joint Venture pursuant to Section 7.1, the mining claims Non-Acquiring Party may elect by notice to Acquiring Party to require that such AOI Tenure be included in and thereafter form part of the Property. If a Non-Acquiring Party so elects and if such AOI Tenure was staked by OAKLEY or other real property interest covered thereby, and the acquisition cost. In addition to such noticeany of its Affiliates, the acquiring party staking or acquisition costs shall make constitute Expenditures. If a Non-Acquiring Party so elects and if such AOI Tenure was staked by the CRR or any and all information concerning the additional property available to the other party. The other party shall then have 30 days after receipt of such notice and information to elect in its sole discretion to include such additional interest in the Property. 3. All costs incurred by LBSV for acquiring additional property that becomes subject to this Agreement shall accrue toward the LBSV Aggregate Work Obligation. Should AuEx be the acquiring party and LBSV elect to accept the additional property into the PropertyAffiliates, LBSV OAKLEY shall reimburse AuEx CRR for its the staking or acquisition costs, which reimbursed costs shall also constitute exploration Expenditures; or (b) if such staking occurs after formation of the Joint Venture pursuant to Section 7.1, the Non- Acquiring Party may elect, by notice to the Acquiring Party, to require that such AOI Tenure be included in and the amount of such reimbursement shall accrue toward the Aggregate Work Obligation. II a party elects not to include such an additional interest as thereafter form part of the Property, provided that the Non-Acquiring Party then with respect holds a participating interest (which shall not include any interest in any royalty) in the Property. If such AOI Tenure becomes part of the Property, the Acquiring Party shall be reimbursed its staking costs in proportion to that additional its participating interest, either party and such reimbursement shall be free to take actions with respect to and dispose deemed a cost of such interest without any obligation to the other partyJoint Venture. 5. All real property interest and any new claims accepted to the Property must be acquired in the name of AuEx, Inc until such time as LBSV has vested its 70% interest in the TSP.

Area of Interest. 1. My Any interest or rights to acquire (a) any interest in mining claims or in other real property interests within the area described in Exhibit “A-2” A-1 (the “Area of Interest”") or (b) contiguous unpatented, patented claims that may or other mineral and property rights which are contiguous and extend beyond the Area of Interest, acquired during the Earn-In Period by or on behalf of either party or any affiliate or subsidiary of either party shall become subject to the terms and provisions of this Agreement in accordance with the provisions of Section H.2G.2. After the full payment of one million dollars then the AOI will pertain to only the contiguous claims that have been staked (if any) and the rectangular AOI as defined in Exhibit A1. 2. Within 30 days after the acquisition of such additional property, all or any portion of which lies within the Area of Interest (or constitutes contiguous claims property that may extend beyond the Area of Interest), the acquiring party shall notify the other party of such acquisition. Such notice shall describe in detail the acquisition, the lands, the nature of the interest therein, the mining claims or other real property interest covered thereby, and the acquisition cost. In addition to such notice, the acquiring party shall make any and all information concerning the additional property available to the other party. The other party shall then have 30 days after receipt of such notice and information to elect in its sole discretion to include such additional interest in the Property. 3. All costs incurred by LBSV for acquiring additional property that becomes subject to this Agreement shall accrue toward the LBSV Aggregate Work Obligation. Should AuEx be the acquiring party and LBSV elect to accept the additional property into the Property, LBSV shall reimburse AuEx for its acquisition costs, and the amount of such reimbursement shall accrue toward the Aggregate Work Obligation. II If a party elects not to include such an additional interest as part of the Property, then with respect to that additional interest, either party shall be free to take actions with respect to and dispose of such interest without any obligation to the other party. 54. All real property interest and any new claims accepted to the Property must be acquired in the name of AuEx, Inc RenEx until such time as LBSV Purchaser has vested its 70100% interest in the TSPPROJECT.

Area of Interest. 1. My Any interest or rights to acquire (a) any interest in mining claims or in other real property interests within the area described in Exhibit “A-2” (the Area of Interest”) or (b) contiguous claims that may extend beyond the Area of Interest, acquired during the Earn-In Period by or on behalf of either party or any affiliate or subsidiary of either party shall become subject to the terms and provisions of this Agreement in accordance with the provisions of Section H.2. 2. Within 30 days after the acquisition of such additional property, all or any portion of which lies within the Area of Interest (or constitutes contiguous claims that may extend beyond the Area of Interest), the acquiring party shall notify the other party of such acquisition. Such notice shall describe in detail the acquisition, the lands, the nature of the interest therein, the mining claims or other real property interest covered thereby, and the acquisition cost. In addition to such notice, the acquiring party shall make any and all information concerning the additional property available to the other party. The other party shall then have 30 days after receipt of such notice and information to elect in its sole discretion to include such additional interest in the Property. 3. All costs incurred by LBSV for acquiring additional property that becomes subject to this Agreement shall accrue toward the LBSV Aggregate Work Obligation. Should AuEx be the acquiring party and LBSV elect to accept the additional property into the Property, LBSV shall reimburse AuEx for its acquisition costs, and the amount of such reimbursement shall accrue toward the Aggregate Work Obligation. II 4. If a party elects not to include such an additional interest as part of the Property, then with respect to that additional interest, either party shall be free to take actions with respect to and dispose of such interest without any obligation to the other party. 5. All real property interest and any new claims accepted to the Property must be acquired in the name of AuEx, Inc until such time as LBSV has vested its 70% interest in the TSP.

Area of Interest. 1. My Any interest or rights to acquire (a) any interest in mining claims or in other real property interests within the area described in Exhibit “A-2”B” (the Area of Interest”) of the MLA or (b) contiguous claims that may extend beyond the Area of Interest, acquired during the Earn-In Period by or on behalf of either party or any affiliate or subsidiary of either party shall become subject to the terms and provisions of this Agreement in accordance with the provisions of Section H.2Agreement. 2. Within 30 days after the acquisition of such additional property, all or any portion of which lies within the Area of Interest (or constitutes contiguous claims that may extend beyond the Area of Interest), the acquiring party shall notify the other party of such acquisition. Such notice shall describe in detail the acquisition, the lands, the nature of the interest therein, the mining claims or other real property interest covered thereby, and the acquisition cost. In addition to such notice, the acquiring party shall make any and all information concerning the additional property available to the other party. The other party shall then have 30 days after receipt of such notice and information to elect in its sole discretion to include such additional interest in the Property. 3. All costs incurred by LBSV PMC for acquiring additional property that becomes subject to this Agreement shall accrue toward the LBSV PMC Aggregate Work Obligation. Should AuEx be the acquiring party and LBSV PMC elect to accept the additional property into the Property, LBSV PMC shall reimburse AuEx for its acquisition costs, and the amount of such reimbursement shall accrue toward the Aggregate Work Obligation. II 4. If a party elects not to include such an additional interest as part of the Property, then with respect to that additional interest, either party shall be free to take actions with respect to and dispose of such interest without any obligation to the other party. 5. All real property interest and any new claims accepted to the Property must be acquired in the name of AuEx, Inc until such time as LBSV has vested its 70% interest in the TSP.

Area of Interest. 1. My interest or rights to acquire (a) any interest in mining claims or in other real property interests within the area described in Exhibit “A-2” (the Area of Interest”) or (b) contiguous claims that may extend beyond the Area of Interest, acquired during the Earn-In Period by or on behalf of either party or any affiliate or subsidiary of either party shall become subject to the terms and provisions of this Agreement in accordance with the provisions of Section H.2. 2. Within 30 days after the acquisition of such additional property, all or any portion of which lies within the Area of Interest (or constitutes contiguous claims that may extend beyond the Area of Interest), the acquiring party shall notify the other party of such acquisition. Such notice shall describe in detail the acquisition, the lands, the nature of the interest therein, the mining claims or other real property interest covered thereby, and the acquisition cost. In addition to such notice, the acquiring party shall make any and all information concerning the additional property available to the other party. The other party shall then have 30 days after receipt of such notice and information to elect in its sole discretion to include such additional interest in the Property. 3. All costs incurred by LBSV for acquiring additional property that becomes subject to this Agreement shall accrue toward the LBSV Aggregate Work Obligation. Should AuEx be the acquiring party and LBSV elect to accept the additional property into the Property, LBSV shall reimburse AuEx for its acquisition costs, and the amount of such reimbursement shall accrue toward the Aggregate Work Obligation. II a party elects not to include such an additional interest as part of the Property, then with respect to that additional interest, either party shall be free to take actions with respect to and dispose of such interest without any obligation to the other party. 5. All real property interest and any new claims accepted to the Property must be acquired in the name of AuEx, Inc Inc. until such time as LBSV has vested its 70% interest in the TSP.