Grant of Earn-In Right Sample Clauses

Grant of Earn-In Right. As of the Effective Date, Optionor hereby grants to Optionee the exclusive right, for so long as this Agreement remains in effect, (i) to enter upon the Property to explore, evaluate and develop and mine the Property including the Claims, and (ii) to acquire up to a 100% undivided interest in the Property (the "Earn-In Right"), as follows:
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Grant of Earn-In Right. As of the Effective Date, Lithium hereby grants to Purchaser the exclusive right, for so long as this Agreement remains in effect, (i) to enter upon the Property to explore, evaluate and develop and mine the Property including the Claims, and (ii) to acquire, pursuant to two separate earn-in options, up to a 100% undivided interest in the Property (the "Earn-In Right"), as follows: (a) INITIAL EARN-IN OPTION. The Purchaser may acquire an initial 80% undivided interest in the Property (the "Initial Earn-In Option") through the payment of an aggregate of US$300,000 in cash (the "Cash Consideration"), completing a Going Public Transaction on or before the date which is sixty (60) days from the Agreement Date, and subject to the completion of the Going Public Transaction, arranging for the issuance of a total of 400,000 common shares in the capital of the Resulting Issuer (the "Consideration Shares") as follows: (i) within five Business Days following the Effective Date, the Purchaser shall pay to Lithium the amount of US$100,000 plus US$30,000 for reimbursement of staking and filing preparation of the new claims, and arrange for the issuance to Lithium of 200,000 Consideration Shares; (ii) on or before the first anniversary of the Effective Date, Purchaser shall pay to Lithium the amount of US$100,000 and arrange for the issuance to Lithium of 100,000 Consideration Shares; (iii) on or before the second anniversary of the Effective Date, Purchaser shall pay to Lithium the amount of US$100,000 and arrange for issuance to Lithium of 100,000 Consideration Shares; and (iv) payment by Purchaser of all amounts required to keep the Claims in good standing including reimbursement costs for Claim fees paid for the current assessment year and the payment of any reclamation bond paid by Lithium and assigned to Purchaser.
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Grant of Earn-In Right. 2.1 In consideration of Barrel's Minimum Expenditure Commitment and further commitments, TGR hereby grants to Barrel, with effect as of the Effective Date, the right to Earn-in a 100% interest in the Subject Property.
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Grant of Earn-In Right. In consideration of Gold Lakes’ agreement to the Share Issuance, Flex Mining hereby grants to Gold Lakes, with effect as of the Effective Date, the Earn-in Right.
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Grant of Earn-In Right. In consideration of Invecture’s making the Initial Payment to the Company, on receipt of the Initial Payment, the Company shall: (a) issue one Common Share to Invecture; (b) issue the Control Shares to the Trust Agent, which shares shall be registered in the name of the Trust Agent and shall be held and voted by the Trust Agent in accordance with the terms of the Trust Agreement; and (c) without any further act or formality, exclusively grant the Earn-in Right to Invecture, which Earn-in Right may be exercised by Invecture in whole only and not in part. The Vista DZ Shareholders hereby confirm that they have, by means of a Shareholders’ meeting, unanimously approved resolutions pursuant to which the Vista DZ Shareholders have resolved to: (i) amend the Company’s Bylaws so that the Bylaws are in the form set out in Appendix 2; (ii) approve the issuance of one Common Share to Invecture; (iii) approve a capital increase issuing the Control Shares which will be subscribed and voted by the Trust Agent pursuant to the terms and conditions of the Trust Agreement; (iv) waive any and all rights of first refusal and pre-emptive rights as provided in Section 3.2; and (v) authorize that the Control Shares be kept as treasury shares until fully paid in accordance with the terms and conditions of this Agreement.
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Grant of Earn-In Right. In consideration of the Minimum Expenditure Commitment and Ivanhoe's agreement to participate in the Private Placement, Entree hereby grants to Ivanhoe, with effect as of the Effective Date, the Earn-in Right.
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Related to Grant of Earn-In Right

  • Grant of Easement Subject to clauses 2 to 4 inclusive of this Part, the Water Authority will grant to the Joint Venturers an easement over the Water Authority Land in accordance with clause 5 of this Part.

  • Grant of Stock Option The Company hereby grants the Optionee an Option to purchase shares of Common Stock, subject to the following terms and conditions and subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. The Option is not intended to be and shall not be qualified as an “incentive stock option” under Section 422 of the Code.

  • Grant of Easements Provided no Event of Default has occurred and is continuing, Landlord will join in granting and, if necessary, modifying or abandoning such rights-of-way, easements and other interests as may be reasonably requested by Tenant for ingress and egress, and electric, telephone, gas, water, sewer and other utilities so long as: (a) the instrument creating, modifying or abandoning any such easement, right-of-way or other interest is satisfactory to and approved by Landlord (which approval shall not be unreasonably withheld, delayed or conditioned); (b) Landlord receives an Officer’s Certificate from Tenant stating (i) that such grant, modification or abandonment is not detrimental to the proper conduct of business on such Property, (ii) the consideration, if any, being paid for such grant, modification or abandonment (which consideration shall be paid by Tenant), (iii) that such grant, modification or abandonment does not impair the use or value of such Property for the Permitted Use, and (iv) that, for as long as this Agreement shall be in effect, Tenant will perform all obligations, if any, of Landlord under any such instrument; and (c) Landlord receives evidence satisfactory to Landlord that the Manager has granted its consent to such grant, modification or abandonment in accordance with the requirements of such Manager’s Management Agreement or that such consent is not required.

  • Grant of Right In addition to the demand right of registration described in Section 5.1 hereof, the Holder shall have the right, for a period of no more than two (2) years from the Initial Exercise Date in accordance with FINRA Rule 5110(g)(8)(D), to include the Registrable Securities as part of any other registration of securities filed by the Company (other than in connection with a transaction contemplated by Rule 145(a) promulgated under the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that if, solely in connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of Shares which may be included in the Registration Statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such Registration Statement only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the underwriter shall reasonably permit. Any exclusion of Registrable Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such Registration Statement or are not entitled to pro rata inclusion with the Registrable Securities.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

  • Grant of Stock Units Pursuant to the terms and conditions set forth in this Stock Award Agreement (including Section 1 above) and the Plan, the Administrator hereby grants to the Awardee named in Section 1, on the Grant Date set forth in Section 1, the number of Stock Units set forth in Section 1.

  • Grant of SARs Subject to the terms and conditions of the Plan, SARs may be granted to Employees and Consultants at any time and from time to time as shall be determined by the Committee, in its sole discretion. The Committee shall have complete discretion to determine the number of SARs granted to any Participant, provided that during any Fiscal Year, no Participant shall be granted SARs covering more than 500,000 Shares.

  • Grant of Rights The Company hereby grants registration rights to the Designated Holders upon the terms and conditions set forth in this Agreement.

  • Grant of RSUs The Company hereby grants to the Grantee the Award of RSUs, as set forth in the Award letter. An RSU is the right, subject to the terms and conditions of the Plan and this Agreement, to receive a distribution of a share of Common Stock for each RSU as described in Section 6 of this Agreement.

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

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