Existing Third Party Rights. Existing third party Rights wholly or partly located in the Area of Interest at the Effective Date are not subject to this Agreement; however, if third party Rights expire while this Agreement is in effect, then both the Owner and the Lessee have the right to stake or otherwise acquire any Rights subject to 8.1 and 8.2.
Appears in 2 contracts
Samples: Purchase Agreement, Exploration and Mining Lease and Option to Purchase Agreement (Rarus Minerals Inc)
Existing Third Party Rights. Existing third party Rights wholly or partly located in the Area of Interest at the Effective Date are not subject to this Agreement; however, if third party Rights expire while this Agreement is in effect, then both the Owner Lessor and the Lessee have the right to stake or otherwise acquire any Rights subject to 8, 8.1 and 8.2.
Appears in 1 contract
Samples: Processing Lease and Option to Purchase Agreement (JPX Global Inc.)
Existing Third Party Rights. Existing third party Rights wholly or partly located in the Area of Interest at the Effective Date are not subject to this Agreement; however, if third party Rights expire while this Agreement is in effect, then both the Owner and the Lessee have the right to stake or otherwise acquire any Rights subject to 8, 8.1 and 8.2.
Appears in 1 contract
Samples: Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.)
