Common use of Area of Interest Clause in Contracts

Area of Interest. Continental, CTVH and WZ agree that if any of them either becomes aware of any interests in any mineral properties within 10 kilometres of the perimeter of the Property that may be available for purchase, or if it actually makes a purchase of such interests, that any such interests will first be offered to Tianyuan for purchase at that party's cost of acquisition as paid or payable to a third party, with the decision as to whether Tianyuan should purchase the interest being at the sole discretion of the Tianyuan Board. The Tianyuan Board shall make a decision whether to purchase such interests within twenty (20) days after Tianyuan is offered to purchase such interests. The directors appointed by the party (or the party itself if it is a director) shall abstain from voting on the acquisition of the mineral property in question. If the Tianyuan Board cannot make a decision within such time period, Tianyuan shall be deemed to have waived the right to purchase such interests.

Area of Interest. Continental, CTVH and WZ agree that if any of them either becomes aware of any interests in any mineral properties within 10 kilometres of the perimeter of the Property that may be available for purchase, or if it actually makes a purchase of such interests, that any such interests will first be offered to Tianyuan Tian Yuan for purchase at that party's cost of acquisition as paid or payable to a third party, with the decision as to whether Tianyuan Tian Yuan should purchase the interest being at the sole discretion of the Tianyuan Tian Yuan Board. The Tianyuan Tian Yuan Board shall make a decision whether to purchase such interests within twenty (20) days after Tianyuan Tian Yuan is offered to purchase such interests. The directors appointed by the party (or the party itself if it is a director) shall abstain from voting on the acquisition of the mineral property in question. If the Tianyuan Tian Yuan Board cannot make a decision within such time period, Tianyuan Tian Yuan shall be deemed to have waived the right to purchase such interests.