Common use of Deemed exercise of the Option Clause in Contracts

Deemed exercise of the Option. At such time as the Optionee has caused the completion of the Share issuances, entered into each of the Consulting Arrangements and made each of the required maintenance payments in accordance with section “2.2” hereinabove, within the Option Period and the time periods as specified in section “2.2”, then the Option shall be deemed to have been exercised by the Optionee, and the Optionee shall have thereby, in accordance with the terms and conditions of this Agreement and without any further act required on its behalf, acquired an undivided 100% legal, beneficial and registerable interest in and to the mineral property interests comprising the Assets.

Deemed exercise of the Option. At such time as the Optionee Purchaser has caused the completion of the Affiliate Share issuancesTransfer, entered into each of the Consulting Arrangements and made each of the required maintenance payments in accordance with section “"2.2” " hereinabove, within the Option Period and the time periods as specified in section “"2.2”", then the Option shall be deemed to have been exercised by the OptioneePurchaser, and the Optionee Purchaser shall have thereby, in accordance with the terms and conditions of this Agreement and without any further act required on its behalf, acquired an undivided 100% legal, beneficial and registerable interest in and to the mineral property interests comprising the AssetsProperty.

Deemed exercise of the Option. At such time as the Optionee Purchaser has caused the completion of the Affiliate Share issuancesTransfer, entered into each of the Consulting Arrangements and made each of the required maintenance payments in accordance with section “2.2” hereinabove, within the Option Period and the time periods as specified in section “2.2”, then the Option shall be deemed to have been exercised by the OptioneePurchaser, and the Optionee Purchaser shall have thereby, in accordance with the terms and conditions of this Agreement and without any further act required on its behalf, acquired an undivided 100% legal, beneficial and registerable interest in and to the mineral property interests comprising the AssetsProperty.

Deemed exercise of the Option. At such time as the Optionee Purchaser has caused the completion of the Share issuances, entered into each of the Consulting Arrangements Issuance and made each of the required maintenance payments in accordance with section “"2.2” " hereinabove, within the Option Period and the time periods as specified in section “"2.2”", then the Option shall be deemed to have been exercised by the OptioneePurchaser, and the Optionee Purchaser shall have thereby, in accordance with the terms and conditions of this Agreement and without any further act required on its behalf, acquired an undivided 100% legal, beneficial and registerable interest in and to the mineral property interests comprising the AssetsProperty.