Termination by Lessee and Quitclaim Deed. Lessee may at any time terminate this Agreement by giving thirty (30) days advanced notice to Owner. If Lessee terminates this Agreement, Lessee shall perform all obligations and pay all payments which accrue or become due before the termination date. On Lessee’s termination of this Agreement, within ten (10) days after termination, Lessee shall execute and deliver to Owner a Release and Termination of this Agreement in form acceptable for recording or upon Owner request, at the signing of this Agreement, Lessee shall execute a Quitclaim Deed and Assignment in form acceptable by Owner and for recording that will be held in escrow at Lessee’s sole expense, which shall transfer any and all Lessee’s right, title and interest in the Property to Owner. Within ten (10) days after termination of this Agreement by Lessee, the parties agree that the Quitclaim Deed and Assignment shall be released to Owner.
Appears in 4 contracts
Samples: Purchase Agreement, Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.), Purchase Agreement (Idaho North Resources Corp.)
