Obligatory Contribution Sample Clauses

Obligatory Contribution. Notwithstanding the provisions of Section 1.1 hereof with respect to Diamante having the right but not the obligation to contribute to Mineracao, in circumstances where, on or before June 30, 2017, Diamante raises monies by way of an offering of its securities (an “Offering”) in circumstances where such monies, or a portion thereof (the “Allocated Funds”) are to be applied to the exploration of the Claims, as disclosed in a registration statement or other disclosure document issued by Diamante in connection with such Offering, Diamante shall be obligated to contribute such Allocated Funds to Mineracao in accordance with the provisions of Section 1.1 hereof.