Earn-In definition
Examples of Earn-In in a sentence
A2Kb Master Earn-In Agreement North Fork LLC / Kisa Gold Mining, Inc.
Effective as of the Earn-In Date, the Optionee and the Optionor will participate in a joint venture (the “Joint Venture”) by entering into a formal joint venture agreement (the “Joint Venture Agreement”) for the purpose of further exploration and development work on the Property and if warranted, the operation of one or more mines on the Property.
During the Earn-In Period LBSV will fund all Exploration and Development Expenses on the Property and will be the operator.
Any interest or rights to acquire (a) any interest in mining claims or in other real property interests within the area described in Exhibit D (the "Area of Interest"), or (b) contiguous claims that may extend beyond the Area of Interest, acquired during the Earn-In Period by or on behalf of any party or any affiliate or subsidiary of any party shall become subject to the terms and provisions of this Agreement in accordance with the provisions of Section 9.2.
EarnIn has the right to adjust the factors that impact your Daily Max or Pay Period Max at any time.