Common use of Work Commitment Clause in Contracts

Work Commitment. In consideration of the granting of the Lease to the Lessee, Lessee shall be obligated to expend the amounts (the “Work Commitment Expenditures”) list below on exploration activities by the end of each Lease year as set forth below. Federal and County Mining Claim Maintenance Fees and staking and filing fees are not expenses that Lessee may expense towards the Work Commitment. First Lease Year $ 10,000.00 Second Lease Year $ 25,000.00 Third Lease Year $ 50,000.00 Fourth Lease Year $ 75,000.00 Fifth Lease Year and thereafter $ 100,000.00 All work expenditures made by Lessee during any Lease Year in excess of the work commitment expenditures required for such Lease Year shall be credited, as far as they will go, against work commitment requirements for any subsequent Lease Year. For any work commitment expenditure not fulfilled with the above work commitment time frames, the difference between the actual expenditure and the minimum work commitment expenditures shall be paid to Owner at a rate of 50% of the remaining expenditure in US dollars as the fulfillment of Lessee’s obligation and Lessee shall be entitled to keep (and not expend) 50% of such remaining expenditure up to and including the Fourth Lease Year; and in the Fifth Year and, henceforth thereafter, Lessee shall pay 100% each year to Owner for the amount of the difference between actual expenditure and the minimum required work commitment expenditure, for that applicable year.

Work Commitment. In consideration of the granting of the Lease to the Lessee, Lessee shall be is obligated to expend the amounts (the “Work Commitment Expenditures”) list listed below on exploration activities Exploration and Development Operations (as defined below) by the end of each Lease year as set forth below. Advanced Royalty Payments, stock issuances, Federal and County Annual Mining Claim Maintenance and Holding Fees and staking and filing fees assigned interests are not expenses expenditures that Lessee may expense be applied towards the Work CommitmentCommitment Expenditures. First 1st Lease Year $ 10,000.00 Second $5,000.00 2nd Lease Year $ 25,000.00 Third Lease Year $ 50,000.00 Fourth Lease Year $ 75,000.00 Fifth $10,000.00 3rd Lease Year and each Lease Year thereafter $ 100,000.00 $50,000.00 All work expenditures Work Commitment Expenditures made by Lessee during any Lease Year in excess of the work commitment expenditures Work Commitment Expenditures required for such Lease Year shall be credited, as far as they will go, credited and applied against work commitment requirements Work Commitment Expenditures for any subsequent Lease Year or Years, which shall be reduced in the amount of the excess of such Work Commitment Expenditures made by Lessee over the required Work Commitment Expenditures required for such Lease Year. For any work commitment expenditure not fulfilled with In the event Lessee is unable to fulfill the required Work Commitment Expenditure within the above required work commitment time frames, then the difference between the actual expenditure expenditures made and the minimum work commitment expenditures shall required Work Commitment Expenditure may be paid to Owner at a rate of 50% of the remaining expenditure in US dollars as the fulfillment of Lessee’s obligation under this Section within 30 days of the delinquent date or this Agreement shall be immediately terminated, null and void and Lessee shall be entitled have no rights, titles or interests to keep (and not expend) 50% of such remaining expenditure up to and including this Agreement or the Fourth Lease Year; and in the Fifth Year and, henceforth thereafter, Lessee shall pay 100% each year to Owner for the amount of the difference between actual expenditure and the minimum required work commitment expenditure, for that applicable yearProperty.

Work Commitment. In consideration As a condition to the continued effectiveness of this Agreement, Lessee must expend during the term of this Agreement on or for the exploration and development of the granting Property the sums described below. The work commitment expenditures may consist of expenses incurred as follows: geochemical, geological and geophysical surveys and sampling of the Lease Property, salaries and wages spent directly on field related expense on the project , travel and lodging expenses, consultants' and contractors' fees, drilling, sample and assay costs, location, amendment and relocation of unpatented mining claims, and all other expenses reasonably incurred by Lessee to explore and develop the Lessee, Lessee shall be obligated to expend the amounts (the “Work Commitment Expenditures”) list below on exploration activities by the end of each Lease year as set forth belowProperty. Federal and County Mining Claim Maintenance Fees and staking and filing fees are not expenses that Lessee may expense towards the Work Commitment. On Owner’s written demand, Lessee shall produce documentary evidence sufficient to prove the work commitment expenditures. The work commitment expenditures are as follows: First Lease Year $ 10,000.00 Nil Second Lease Year $ 25,000.00 Third Lease Year $ 50,000.00 Fourth Lease Year $ 75,000.00 Fifth Lease Year and each year thereafter $ 100,000.00 All work expenditures made by Lessee during any Lease Year in excess of the work commitment expenditures required for such Lease Year shall be credited, as far as they will go, against work commitment requirements for any subsequent Lease Year. For any work commitment expenditure not fulfilled with the above work commitment time frames, the difference between the actual expenditure and the minimum work commitment expenditures shall be paid to Owner at a rate of 5075% of the remaining expenditure in US dollars as the fulfillment of Lesseelessee’s obligation and Lessee lessee shall be entitled to keep (and not expend) 5025% of such remaining expenditure up to and including the Fourth Lease Year; and in the Fifth Year and, henceforth thereafter, Lessee shall pay 100% each year to Owner for the amount of the difference between actual expenditure and the minimum required work commitment expenditure, for that applicable year.

Work Commitment. In consideration As a condition to the continued effectiveness of this Agreement, Lessee must expend during the term of this Agreement on or for the exploration and development of the granting Property the sums described below. The work commitment expenditures may consist of expenses incurred as follows: geochemical, geological and geophysical surveys and sampling of the Lease Property, salaries and wages spent directly on field related expense on the project , travel and lodging expenses, consultants' and contractors' fees, drilling, sample and assay costs, location, amendment and relocation of unpatented mining claims, and all other expenses reasonably incurred by Lessee to explore and develop the Lessee, Lessee shall be obligated to expend the amounts (the “Work Commitment Expenditures”) list below on exploration activities by the end of each Lease year as set forth belowProperty. Federal and County Mining Claim Maintenance Fees and staking and filing fees are not expenses that Lessee may expense towards the Work Commitment. Lessee shall deliver annually within 30 days of the effective anniversary date documentary evidence sufficient to prove the work commitment expenditures. The work commitment expenditures are as follows: First Lease Year $ $10,000.00 Second Lease Year $ $25,000.00 Third Lease Year $ $50,000.00 Fourth Lease Year $ 75,000.00 $100,000.00 Fifth Lease Year and thereafter $ 100,000.00 $250,000.00 All work expenditures made by Lessee during any Lease Year in excess of the work commitment expenditures required for such Lease Year shall be credited, as far as they will go, against work commitment requirements for any subsequent Lease Year. For any work commitment expenditure not fulfilled with the above work commitment time frames, the difference between the actual expenditure and the minimum work commitment expenditures shall be paid to Owner at a rate of 5075% of the remaining expenditure in US dollars as the fulfillment of Lesseelessee’s obligation and Lessee lessee shall be entitled to keep (and not expend) 5025% of such remaining expenditure up to and including the Fourth Lease Year; and in the Fifth Year and, henceforth thereafter, Lessee shall pay 100% each year to Owner for the amount of the difference between actual expenditure and the minimum required work commitment expenditure, for that applicable year.

Work Commitment. In consideration of the granting of the Lease to the Lessee, Lessee shall be obligated to expend the amounts (the “Work Commitment Expenditures”) list below on exploration activities by the end of each Lease year as set forth below. Federal and County Mining Claim Maintenance Fees and staking and filing fees are not expenses that Lessee may expense towards the Work Commitment. Lease Year Amount First Lease Year $ 10,000.00 Second Lease Year $ 25,000.00 Third Lease Year $ 50,000.00 Fourth Lease Year $ 75,000.00 Fifth Lease Year and thereafter $ 100,000.00 All work expenditures made by Lessee during any Lease Year in excess of the work commitment expenditures required for such Lease Year shall be credited, as far as they will go, against work commitment requirements for any subsequent Lease Year. For any work commitment expenditure not fulfilled with the above work commitment time frames, the difference between the actual expenditure and the minimum work commitment expenditures shall be paid to Owner at a rate of 50% of the remaining expenditure in US dollars as the fulfillment of Lessee’s obligation and Lessee shall be entitled to keep (and not expend) 50% of such remaining expenditure up to and including the Fourth Lease Year; and in the Fifth Year and, henceforth thereafter, Lessee shall pay 100% each year to Owner for the amount of the difference between actual expenditure and the minimum required work commitment expenditure, for that applicable year.