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, during the Earn-In Period, (i) to enter upon the Property to explore, evaluate and develop and mine the Projects including the Claims, and (ii) to acquire up to a 60% undivided interest in the Projects (the "Earn-In Right"), as follows:
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Grant of Earn-In Right. 3.1 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.
Sample 1
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:
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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 Invecture’s making the Initial Payment to the Company, on receipt of the Initial Payment, the Company shall:
Sample 1
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. (b) In addition, to complete the Initial Earn-In Option and acquire its 80% interest in the Property, Purchaser is required to expend an aggregate of US$1,100,000 (the "Aggregate Work Obligation") in Exploration and Development Expenses (as defined in Exhibit B) as follows: 2 <PAGE> 1st Agreement Year US $200,000 Annual Work Commitment 2nd Agreement Year US $300,000 Annual Work Commitment 3rd Agreement Year US $600,000 Annual Work Commitment "Agreement Year" means, during the Earn-In Period, each annual period with the first Agreement Year commencing on the Effective Date and ending on the date that is 12 months less one day from the Effective Date. (c) ...
Sample 1
Grant of Earn-In Right. 3.1 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.
Sample 1
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Related to Grant of Earn-In Right

  • Grant of Stock Option The Company grants to Employee the right and option (hereinafter referred to as the "Option") to purchase all or any part of up to ________ shares of the Company's Common Stock (the "Option Shares") on the terms and conditions set forth below and in the Plan.

  • 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 Put Option Purchaser hereby grants to the Company the Option (the "Option") exercisable on or before October 5, 1995 (the 43rd day following the Effective Date) to put to the Purchaser the exercise of Purchaser's Basic Subscription Privileges and Oversubscription Privileges as hereinafter provided. Upon the exercise by the Company of the Option, the Purchaser shall, in accordance with the covenants, representations and warranties herein contained, on or prior to 5:00 p.m. New York time on October 5, 1995, exercise the Basic Subscription Privilege and the Oversubscription Privilege under Equity Rights held by the Purchaser to subscribe for, in the aggregate, not fewer than 1,972,671 shares (the "Committed Shares") of Common Stock of the Company by executing and delivering to American Stock 3 Transfer and Trust Company as agent (the "Subscription Agent") properly completed Subscription Forms, with any required signatures guaranteed, together with payment in full of the Subscription Price for each of the Committed Shares in accordance with the terms of the Equity Rights and the Plan. The Option may be exercised by the Company by sending notice in writing to Purchaser by facsimile transmission to the Purchaser's address, as initially stated in Section 9, on or before 3:00 p.m. New York time on October 5, 1995. In no event shall Purchaser be required to subscribe for more than 1,972,671 shares of Common Stock in the aggregate pursuant to its own exercise of the Equity Rights and the exercise by the Company of the Option.

  • Grant of Phantom Units The General Partner hereby grants to the Grantee Phantom Units, subject to all of the terms and conditions set forth in the Plan and in this Agreement, including without limitation, those restrictions described in Section 4, whereby each Phantom Unit, if earned, represents the right to receive one Unit of the Partnership (each, a “Phantom Unit”).

  • 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 Stock Award In accordance with the Plan, and effective as of , 2013 (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Stock Award of shares of Common Stock (the “Stock Award”).

  • Grant of SAR The Company hereby grants to the Grantee under the Plan, as a separate incentive in connection with his or her employment and not in lieu of any salary or other compensation for his or her services, a Stock Appreciation Right (“SAR”) pertaining to all or any part of an aggregate of Shares shown on the attached notice of grant, which SAR entitles the Grantee to exercise the SAR in exchange for Shares in the amount determined under Paragraph 9 below.

  • 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.

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