Buyout. Buyout price is US$5,000,000 (five million dollars) from which advance royalty payments, made up to the day of the buyout, may be subtracted from the Buyout price. Lessee will pay Lessor a perpetual one-half per cent (0.5%) royalty on Net Smelter Returns (as defined below in Section I. of this document) thereafter.
Appears in 4 contracts
Samples: Lease Agreement (Biginning Ventures Inc), Lease Agreement (Prelude Ventures Inc), Lease Agreement (Tari Inc)
Buyout. Buyout price is US$5,000,000 3,000,000 (five three million dollars) from which advance royalty payments, made up to the day of the buyout, may be subtracted from the Buyout price. Lessee will pay Lessor a perpetual one-half per cent three quarter percent (0.50.75%) royalty on Net Smelter Returns (as defined below in Section I. 6. of this document) thereafter.
Appears in 2 contracts
Samples: Mining Lease (Bream Ventures Inc), Mining Lease (Bream Ventures Inc)
Buyout. Buyout price is US$5,000,000 (five million dollars) from which advance royalty payments, made ------ up to the day of the buyout, may be subtracted from the Buyout price. Lessee will with pay Lessor a perpetual one-half per cent percent (0.5%) royalty on Net Smelter Returns (as defined below in Section I. 6. of this document) thereafter.
Appears in 2 contracts
Samples: Lease Agreement (Foothills Resources Inc), Lease Agreement (Foothills Resources Inc)