Common use of Burden on Royalty Property Clause in Contracts

Burden on Royalty Property. The Royalty shall burden and run with the Royalty Property, including any amendments, conversions to a lease or other form of tenure, relocations or patent of all or any of the unpatented mining claims which comprise all or part of the Royalty Property. On amendment, conversion to a lease or other form of tenure, relocation or patenting of any of the unpatented mining claims which comprise all or part of the Royalty Property, TOGI agrees and covenants to execute, deliver and record in the office of the recorder in which all or any part of the Royalty Property is situated an instrument by which TOGI grants to Owner the Royalty and subjects the amended, converted or relocated unpatented mining claims and the patented claims, as applicable, to all of the burdens, conditions, obligations and terms of this Deed.

Appears in 4 contracts

Samples: Lease and Option to Purchase Agreement (Tornado Gold International Corp), Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp), Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp)

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