Location of Additional Unpatented Mining Claims. During the Term, all unpatented mining claims acquired by either Owner or Lessee which are partially or wholly in the Area of Interest shall be recorded in Owner’s name and shall be part of and subject to this Agreement. If either Lessee or Owner acquires any unpatented mining claims in the Area of Interest, such party shall promptly notify the other party. Either party may execute and deliver an amendment of this Agreement, in recordable form, which provides that the newly acquired unpatented mining claims are part of the Property and are subject to this Agreement. The amendment may be recorded by either party.
Appears in 6 contracts
Samples: Exploration and Mining Lease and Option to Purchase Agreement, Exploration and Mining Lease With Options to Purchase Agreement (Brilliant Sands Inc), Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.)
