REPRESENTATIONS OF OPTIONOR. Optionor represents and warrants to Optionee as follows:
REPRESENTATIONS OF OPTIONOR. Optionor represents and warrants that Optionor has not caused the Property to be contaminated by any hazardous substance in violation of any environmental law or regulation, and does not have knowledge of the presence of any hazardous substance upon the Property.
REPRESENTATIONS OF OPTIONOR. Optionor represents, warrants and covenants to Optionee that:
REPRESENTATIONS OF OPTIONOR. 5 4.2 Representations of Optionee................................ 8 4.5 Conditions of Optionee..................................... 9 4.5
REPRESENTATIONS OF OPTIONOR. Optionor represents, warrants and covenants to Optionee that: (a) Optionor is the owner of 100% of the Claims, free and clear of all liens, claims and encumbrances, and such claims are validly staked in accordance with the laws of the State of Nevada. Optionor is in exclusive possession of the Property, free and clear of all liens, claims, and encumbrances. (b) As to each of the Claims, subject to the paramount title of the United States of America: (i) the Claims have been properly located and monumented on public domain land open to appropriation by mineral location, free and clear of any conflicting claims of which Optionor is aware; (ii) location notices and certificates and required maps have been properly posted, recorded and filed with the appropriate governmental agencies for each of the Claims; (iii) all filings and recordings required to maintain the Claims in good standing through the Effective Date, including evidence of timely payment of required claim maintenance fees, have been timely and properly made in the appropriate governmental offices; and, (iv) all required annual claim maintenance fees, Bureau of Land Management fees, Nevada county and state mining claim fees and other payments necessary to maintain the Claims through the assessment year ending August 31, 2016, have been timely and properly made. (c) All operations and activities conducted by or on behalf of Optionor on the Claims and the Property have been conducted in compliance with applicable federal, state and local laws, rules and regulations, including without limitation Environmental Laws (as defined in Exhibit B). 5 <PAGE> (d) Optionor is duly incorporated, validly existing and in good standing under the laws of the State of Nevada and is qualified to do business in and is in good standing under the laws of the State of Nevada. Optionor has the requisite corporate power and capacity to carry on business as presently conducted, to enter into this Agreement, and to perform all of its obligations hereunder. (e) There are no outstanding agreements, leases or options (whether oral or written) which contemplate the acquisition of the Claims, or any other interest in the Property or within the Area of Interest or any interest therein by any other person or entity, or which limit or define in any way the activities that may be conducted on the Claims or on any other part of the Property. Except for the State of Nevada net proceeds of mines tax, there are no production royalties or ...
REPRESENTATIONS OF OPTIONOR. The Optionor represents and warrants to Lincoln that:
REPRESENTATIONS OF OPTIONOR. Optionor represents to Optionee as of the Effective Date and as of the Closing as follows:
REPRESENTATIONS OF OPTIONOR. The Optionor makes the following representations to Optionee, which shall be deemed automatically reconfirmed on the date the Option Shares and/or Expansion Option Shares are issued:
REPRESENTATIONS OF OPTIONOR. (a) Optionor hereby represents and warrants as follows, all of which shall be true and correct as of the date of this Agreement and as of the Closing Date:
REPRESENTATIONS OF OPTIONOR. Optionor represents and warrants that Optionor does not have knowledge of the presence of any hazardous substance upon the Property in violation of any environmental law or regulation. Optionor has applied customary agricultural chemicals to the Property from time to time pursuant to ordinary farming practices.
