ADDITIONAL EXPENDITURES NOT MANDATORY Sample Clauses

ADDITIONAL EXPENDITURES NOT MANDATORY. The parties agree that, notwithstanding Borealis's exercise of the Additional Interest Option, Borealis shall not be obligated to prepare or deliver a feasibility study or to incur any additional Expenditures or make any payments to acquire an additional 20% interest in the Properties; however, Borealis shall not earn an additional 20% interest in the Properties unless it does in fact timely complete the requirements set forth in Section 4.9 above. Any failure by Borealis to earn an additional 20% interest in the Properties shall not affect Borealis's 50% vested interest in the Properties.