Common use of Conveyance of Royalty and Option to Reduce Royalty Clause in Contracts

Conveyance of Royalty and Option to Reduce Royalty. (a) For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Owner does hereby grant, bargain, sell, convey, assign, transfer, set over and deliver to Royalty Holder a royalty interest of 2.5% of the Production Returns (the "Royalty") in, to and burdening the following: The properties described in Exhibit A hereto, and any and all After-Acquired Property (collectively, the "Properties").

Conveyance of Royalty and Option to Reduce Royalty. (a) For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Owner does hereby grant, bargain, sell, convey, assign, transfer, set over and deliver grant to Royalty Holder a royalty interest of 2.5% of the Production Returns (the "Royalty") in, to and burdening burdening: (i) the following: The properties mineral licenses comprising the Svärdsjö exploration project located in Bergslagen, Sweden as more particularly described in Exhibit A hereto, ; (ii) and any and all After-Acquired Property (collectively, the "Properties").