Common use of Grant and Exercise of Option Clause in Contracts

Grant and Exercise of Option. AMC hereby irrevocably grants to KRC the sole and exclusive right and Option to acquire a one hundred percent (100%) right, title, estate and interest of AMC’s one hundred (100%) percent net undivided interest) in and to the Property Rights and Property, free and clear of all charges, encumbrances, claims, royalties and net profit interests of whatsoever nature.

Appears in 3 contracts

Sources: Property Option Agreement (Kinetic Resources Corp.), Property Option Agreement (Kinetic Resources Corp.), Property Option Agreement (Kinetic Resources Corp.)