Common use of Grant and Exercise of Option Clause in Contracts

Grant and Exercise of Option. 4.1 The Optionor hereby grants to the Optionee the sole and exclusive right and option, subject to the terms of this Agreement, to purchase the Property free and clear of all charges, encumbrances (except the Royalty) by paying $225,000 and issuing 450,000 common shares in its capital on or before the times set forth in §4.2.

Grant and Exercise of Option. 4.1 The Optionor hereby grants to the Optionee the sole and exclusive right and option, subject to the terms of this Agreement, to purchase earn a 50% undivided interest in the Property free and clear of all charges, charges and encumbrances (except by expending $150,000 of Expenditures on the Royalty) by paying $225,000 and issuing 450,000 common shares in its capital Property on or before the times set forth in §4.24.1.

Grant and Exercise of Option. 4.1 (a) The Optionor hereby grants to the Optionee the sole and exclusive right and optionoption to acquire up to an undivided 100% right, subject title and interest in and to the terms of this AgreementProperty, to purchase the Property free and clear of all charges, encumbrances (encumbrances, claims, liabilities and adverse interests of any nature or kind, except for the Royalty. (i) by paying the Optionor $225,000 and issuing 450,000 common shares in its capital on or before 5,000 upon the times set forth in §4.2.execution of this Agreement;

Grant and Exercise of Option. 4.1 The Optionor hereby grants to the Optionee the sole and exclusive right and option, subject to the terms of this Agreement, to purchase acquire a 100% undivided interest in the Property free and clear of all charges, charges and encumbrances (except the Royalty) by paying to the Optionor a total of $225,000 135,000 and by issuing 450,000 200,000 common shares in its capital such payments to be completed on or before the times dates set forth in §4.2.