Common use of SUMMARY OF TRANSACTION Clause in Contracts

SUMMARY OF TRANSACTION. In consideration of the respective ownership interests in the Company through issuance of 28,000,000 (Twenty eight million) restricted shares of the Company's Common Stock referred to herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby sells to the Company all of its right, title and interest in, to and under the unpatented lode and placer mining claims known as the Oatman Gold Project and more particularly described in Exhibit A hereto upon the terms and conditions set forth in this Agreement. Sellers collectively hold a 1/4 undivided interest in the 22 (Twenty two) unpatented placer claims included in the Oatman Gold Project and designated as unpatented placer claims in Exhibit A, and such interest is hereinafter referred to as the "Property".

SUMMARY OF TRANSACTION. In consideration of the respective ownership interests in the Company through issuance of 28,000,000 25,000,000 (Twenty eight five million) restricted shares of the Company's ’s Common Stock referred to herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Claimholder hereby sells to the Company all of its right, title and interest in, to and under the unpatented lode and placer mining claims known as the Oatman Gold Project and more particularly described in Exhibit A hereto upon the terms and conditions set forth in this Agreement. Sellers collectively hold a 1/4 ¼ undivided interest in the 22 (Twenty two) unpatented placer claims included in the Oatman Gold Project and designated as unpatented placer claims in Exhibit A, and such interest is hereinafter referred to as the "“Property"”.

SUMMARY OF TRANSACTION. In consideration of the respective ownership interests in the Company through issuance of 28,000,000 31,000,000 (Twenty eight Thirty one million) restricted shares of the Company's Common Stock referred to herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby sells to the Company all of its right, title and interest in, to and under the unpatented lode and placer mining claims known as the Oatman Gold Project and more particularly described in Exhibit A hereto upon the terms and conditions set forth in this Agreement. Sellers collectively hold (a) a 1/4 100% interest in the 15 unpatented lode mining claims included in the Oatman Gold Project and (b) a 1/8 undivided interest in the 22 (Twenty two) unpatented placer claims included in the Oatman Gold Project and Project, in each case as designated as unpatented placer claims in Exhibit A, and such interest is hereinafter referred to as the "Property".