Common use of ROYALTY INTEREST Clause in Contracts

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 2% royalty from production (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 thereby leaving the Optionor with a 1% Royalty Interest.

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 23% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% two-thirds of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 1,000,000, thereby leaving the Optionor with a 1% Royalty Interest. The Optionor grants to the Optionee a right of first refusal on any sale of the Royalty Interest.

ROYALTY INTEREST. The Optionor Optionors shall be entitled to receive and the Optionee shall pay to the Optionor Optionors a royalty equal to a 22.5% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.51.0% of the Royalty Interest from the Optionor Optionors for $500,000 and may at any time purchase a further 0.5% for an additional 0.5% of the Royalty Interest from the Optionor for $500,000 thereby 500,000, leaving the Optionor Optionors with a 11.0% Royalty Interestinterest.

ROYALTY INTEREST. The Optionor Optionors shall be entitled to receive and the Optionee shall pay to the Optionor Optionors a royalty equal to a 21% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% half of the Royalty Interest from the Optionor Optionors for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 250,000, thereby leaving the Optionor Optionors with a 10.5% Royalty Interest.

ROYALTY INTEREST. The Optionor Optionors shall be entitled to receive and the Optionee shall pay to the Optionor Optionors a royalty equal to a 2% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% half (1%) of the Royalty Interest from the Optionor Optionors for $500,000 and 500,000. The Optionee may at any time also purchase the balance of the royalty (1%) for an additional 0.5% of the Royalty Interest from the Optionor for $500,000 thereby leaving the Optionor with a 1% Royalty Interest500,000.

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 23% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% two-thirds of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 1,500,000, thereby leaving the Optionor with a 1% Royalty Interest. The Optionor grants to the Optionee a right of first refusal on any sale of the Royalty Interest.

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 2% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% half of the Royalty Interest from the Optionor for $500,000 thereby leaving the Optionor with a 11.0% Royalty Interest.

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 21% royalty from production (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% half of the Royalty Interest from the Optionor for $500,000 thereby leaving the Optionor with a 10.5% Royalty Interest.

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 23% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% half of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 1,000,000, thereby leaving the Optionor with a 11.5% Royalty Interest.

ROYALTY INTEREST. The Optionor Optionors shall be entitled to receive and the Optionee shall pay to the Optionor Optionors a royalty equal to a 23% royalty from production of the net smelter returns (the "“Royalty Interest"”) calculated and payable from the Property in accordance with the provisions of Schedule "“B" ” attached hereto. The Optionee may at any time purchase 0.5% two-thirds (2%) of the Royalty Interest from the Optionor Optionors for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 1,000,000, thereby leaving the Optionor Optionors with a 1% Royalty Interest. The Optionor grants to the Optionee the right of first refusal on any sale of the Royalty Interest.

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 2% royalty from production (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% half of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 750,000 thereby leaving the Optionor with a 1% Royalty Interest.

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 2% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% half of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 1,000,000, thereby leaving the Optionor with a 1% Royalty Interest.

ROYALTY INTEREST. The Optionor shall be entitled to receive and the Optionee shall pay to the Optionor a royalty equal to a 2% royalty from production of the net smelter returns (the "Royalty Interest") calculated and payable from the Property in accordance with the provisions of Schedule "B" attached hereto. The Optionee may at any time purchase 0.5% of the Royalty Interest from the Optionor for $500,000 and may at any time purchase an additional 0.5% of the Royalty Interest from the Optionor for $500,000 thereby leaving the Optionor with a 1% Royalty Interest.