Common use of SALE OF CLAIMS Clause in Contracts

SALE OF CLAIMS. 3.1 The Vendor hereby agrees to sell a 100% undivided right, title and interest in and to the Claims in consideration of the Purchaser paying to the Vendor the sum of $3,450 upon execution of this Agreement. 3.2 Upon the receipt of these payments, the Vendor hereby confirms that he will hold the Claims in trust for the Purchaser. Thereafter, upon the request of the Purchaser, the Vendor shall assist the Purchaser to record this Agreement with the appropriate mining recorder and, when required, the Vendor shall further provide the Purchaser with such recordable documents as the Purchaser and its counsel shall require to record its due interest in respect of the Claims.

SALE OF CLAIMS. 3.1 4.1 The Vendor hereby agrees to sell a 100% undivided right, title and interest in and to the Claims Claims, subject to a 2% Net Smelter Returns royalty, in consideration of the Purchaser paying to the Vendor the sum of $3,450 2,550 upon execution of this AgreementAgreement and a further $2,600 by October 10, 2000. 3.2 4.2 Upon the receipt of these payments, the Vendor hereby confirms that he will hold the Claims in trust for the Purchaser. Thereafter, upon the request of the Purchaser, the Vendor shall assist the Purchaser to record this Agreement with the appropriate mining recorder and, when required, the Vendor shall further provide the Purchaser with such recordable documents as the Purchaser and its counsel shall require to record its due interest in respect of the Claims.

SALE OF CLAIMS. 3.1 The Vendor hereby agrees to sell a 100% undivided right, title and interest in and to the Claims in consideration of the Purchaser paying to the Vendor the sum of $3,450 upon execution of this Agreement6,200 to the Purchaser by March 31, 2003. 3.2 Upon the receipt of these payments, the Vendor hereby confirms that he will hold the Claims in trust for the Purchaser. Thereafter, upon the request of the Purchaser, the Vendor shall assist the Purchaser to record this Agreement with the appropriate mining recorder and, when required, the Vendor shall further provide the Purchaser with such recordable documents as the Purchaser and its counsel shall require to record its due interest in respect of the Claims.