NET SMELTER RETURNS ROYALTY. 11.1 On the date [Placer] commences Commercial Production on the Property, [Mr. Almarez] shall be entitled to receive and [Placer] shall pay tx [Xx. Xxxarez] 10% of Net Smelter Returns annually.
Appears in 1 contract
Samples: Mineral Rights Option Agreement (Placer Del Mar, Ltd.)
NET SMELTER RETURNS ROYALTY. 11.1 On the date [Placer] commences Commercial Production on the Property, [Mr. Almarez] shall be entitled to receive and [Placer] shall pay tx to [XxMx. XxxarezXxxxxxx] 10% of Net Smelter Returns annually.
Appears in 1 contract
Samples: Mineral Rights Option Agreement (Placer Del Mar, Ltd.)
NET SMELTER RETURNS ROYALTY. 11.1 On the date [Placer] commences Commercial Production on the Property, [Mr. Almarez] shall be entitled to receive and [Placer] shall pay tx to [Xx. XxxarezXxxxxez] 10% of Net Smelter Returns annually.
Appears in 1 contract
Samples: Mineral Rights Option Agreement (Placer Del Mar, Ltd.)
NET SMELTER RETURNS ROYALTY. 11.1 On the date [Placer] commences Commercial Production on the Property, [Mr. Almarez] shall be entitled to receive and [Placer] shall pay tx to [Xx. XxxarezXxxxxxz] 10% of Net Smelter Returns annually.
Appears in 1 contract
Samples: Mineral Rights Option Agreement (Placer Del Mar, Ltd.)
