RIGHT TO ABANDON PROPERTY INTERESTS. 12. The Optionee, at its sole discretion, may abandon all interests and cease mineral exploration and extraction work on the Property at any time by providing at least 30 days written notice, the “Termination Notice”, to the Optionor. The Optionee shall have not further obligations to the Optionor in regards to option payments, exploration and extraction work payments as of the effective date of the “Termination Notice” Further Assurances
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Samples: www.sec.gov, Option Agreement (Greentech Mining International, Inc.), Option Agreement (Greentech Mining International, Inc.)
RIGHT TO ABANDON PROPERTY INTERESTS. 12. The Optionee, at its sole discretion, may abandon all interests and cease mineral exploration and extraction work on the Property at any time by providing at least 30 days written notice, the “Termination Notice”, to the Optionor. The Optionee shall have not further obligations to the Optionor in regards to option payments, exploration and extraction work work, or NSR payments as of the effective date of the “Termination Notice” Further Assurances
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