Common use of Grant of Initial Option Clause in Contracts

Grant of Initial Option. The Optionor hereby grants to the Optionee the sole and exclusive right and option, in accordance with the other provisions of this Article 3, to acquire in three stages an Initial Interest of up to 75%, free and clear of all Encumbrances except for those described in Schedule A.

Appears in 4 contracts

Samples: Option Agreement (Tournigan Gold Corp), Option Agreement (Tournigan Gold Corp), Option Agreement (Tournigan Gold Corp)

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