RECORDING IN SHAREHOLDERS REGISTER Sample Clauses

RECORDING IN SHAREHOLDERS REGISTER. In the case of Interests comprising shares, at completion the Parties shall procure that the purchaser or subscriber (or such Affiliate of the purchaser or subscriber as may be nominated by the purchaser or subscriber by notice in writing delivered not less than two (2) Business Days prior to completion) is recorded on the applicable shareholders register as the registered owner of such shares and that new certificates in the name of the purchaser or subscriber or such Affiliate of the purchaser or subscriber, as the case may be, representing such shares is issued and delivered to the purchaser, subscriber or such Affiliate. -41- SCHEDULE 4 FORM OF MD AGREEMENT -42- SCHEDULE 5 LICENSES AND MINERAL RIGHTS SCHEDULE 6 EFFECT OF TERMINATION In the event of termination of the Agreement in accordance with Clause 2.4 of the Agreement, GFBV shall purchase and NAPL shall sell all of the issued and outstanding shares of NAPF for the nominal consideration of one Euro upon and in accordance with the Transfer and Subscription Terms and NAPL shall give the representations and warranties set out in paragraphs 1.2.7 and 1.2.8 of Schedule 1, as well as a representation and warranty that NAPF has no liabilities, actual or contingent (such representations and warranties to be true and correct as at the date of transfer of the NAPF shares to GFBV and to survive the date of such transfer and to remain in full force and effect thereafter) . For greater certainty, any amount of Approved Earn-in Expenditures funded by Advances prior to such date of termination in accordance with Clause 7.2 of the Agreement shall not be reimbursed to any member of the NAPL Group. SCHEDULE 7 TRANSFER OF PURCHASED INTEREST In the event that NAPL has exercised the Option to acquire the Purchased Interest, the acquisition thereof shall be implemented in accordance with the following steps, it being recognized that the Transfer and Subscription Terms apply to the subscriptions and transfers set out in Steps 1 and 2 below:

RECORDING IN SHAREHOLDERS REGISTER. In the case of Interests comprising shares, at completion the Parties shall procure that the purchaser or subscriber (or such Affiliate of the purchaser or subscriber as may be nominated by the purchaser or subscriber by notice in writing delivered not less than two (2) Business Days prior to completion) is recorded on the applicable shareholders register as the registered owner of such shares and that new certificates in the name of the purchaser or subscriber or such Affiliate of the purchaser or subscriber, as the case may be, representing such shares is issued and delivered to the purchaser, subscriber or such Affiliate. 41 SCHEDULE 4 FORM OF MD AGREEMENT Please see attached 42 SCHEDULE 5 LICENSES AND MINERAL RIGHTS LIST OF TENEMENTS AS AT 1 MARCH 2006 1. Mining licences and mining licence applications Licence name Licence No. Project Date applied Valid until Status Area (ha) Remarks Konttijärvi 4691/1a Suhanko 24.9.1996 8.10.2006 Valid 56.40 Xxxxxxxxxxx 0000/0x Xxxxxxx 28.11.1991 28.11.2006 Valid 20.21 Extension granted 15.01.2002 Sompuoja 4689/1a Penikat 8.10.1996 8.10.2006 Valid 34.22 Suhanko Suhanko 23.4.2001 Application 4145.40 Totals: 3 valid mining licences 110.83 ha 1 mining licence application 4145.40 ha