Work Requirements of Buyer. (a) On or before the second (2nd) anniversary of the Closing, Buyer shall spend no less than CDN$1,000,000 in Exploration Expenditures on the Project and failing which Seller shall have the right to demand that Buyer transfer the Licenses to Seller, free of Encumbrances other than Permitted Encumbrances and for no further consideration (a "Transfer").
Appears in 4 contracts
Samples: Purchase and Sale Agreement (District Metals Corp.), Purchase and Sale Agreement (District Metals Corp.), Purchase and Sale Agreement (District Metals Corp.)
