Royalty PURCHASE Agreement (Palmetto Royalty; Esmeralda County, Nevada)Royalty Purchase Agreement • February 1st, 2022 • Nevada Canyon Gold Corp. • Gold and silver ores • Nevada
Royalty Percentage. For good and valuable consideration, the receipt and sufficiency of which are acknowledged by the Parties, Obligor grants, sells, assigns and conveys to Royalty Holder, and its successors and assigns forever, a production royalty in an amount equal to two percent (2%) of the Net Smelter Returns (the “Royalty Percentage”), as hereinafter defined and computed, for all gold and other minerals of any type produced from the Properties, including all gold and other minerals of any type produced from dumps or stockpiles located on the Properties, from and after the Effective Date (the “Royalty”), subject to Section 1(b).
