Net Smelter. Return shall mean the actual proceeds received by the Operator from any mint and/or smelter and/or refinery and/or reduction works and/or other purchaser in respect of the sale of ores, metals, concentrates or other minerals from the Mining Properties, after deducting therefrom to the extent they were actually incurred and/or were not deducted by such mint and/or smelter and/or refinery and/or reduction works and/or other purchaser in computing payment, the following:
Net Smelter. Return(a) . If Optionee exercises the Subsequent Earn-In Option to acquire a 100% interest in the Property, Optionor shall be vested with a 2.5% net smelter returns royalty on the production of minerals from the Property (the "Optionor NSR"), as described in Exhibit C. Upon the exercise of the Subsequent Earn-In Option, the Optionee must promptly execute and deliver to Optionor a royalty deed in form and substance reasonably acceptable to Optionor.
Net Smelter. Return(a) . If Purchaser exercises the Subsequent Earn-In Option to acquire a 100% interest in the Property, Lithium shall be vested with a 2.5% net smelter returns royalty on the production of minerals from the Property (the "Lithium NSR"), as described in Exhibit C. Upon the exercise of the Subsequent Earn-In Option, the Purchaser must promptly execute and deliver to Lithium a royalty deed in form and substance reasonably acceptable to Lithium.
Net Smelter. Return (NSR) A one percent (1%) Net Smelter Return Royalty on all metals found on the property, of which a half of percent (1/2%) can be bought back by DNA precious Metals Inc for eight hundred thousand dollars ($800,000). The 1% net smelter return will be registered as follows; eight tenths of one percent (0.8%) in the name of Xxxx Xxxxxx, and two tenths of one percent (0.2%) in the name of Xxxx Xxxxxx. The transfer of the mining claims herein mentioned in the agreement shall be transferred by the Sellers upon the cash payment of seventy thousand dollars ($70,000). The Sellers shall provide DNA Precious Metals Inc. the duly signed forms for the transfer of titles, as required for the transfer of the claims by the Loi sur les Mines (Québec; for deposit by DNA Precious Metals Inc. of the said forms with the proper authorities).
