Consideration to Geoxplor Sample Clauses

Consideration to Geoxplor a. PAYMENTS - Quuibus shall pay GeoXplor in consideration of the grant of the exploration license and other rights granted under this Agreement the following: (1) Five Thousand Dollars ($5,000.00) upon the execution of a letter of intent on November 4, 2009, the receipt of which is acknowledged; (2) Seventy Five Thousand Dollars ($75,000.00) to GeoXplor on or before December 15, 2009, the closing date; (3) First year anniversary of the closing date U.S. $100,000.00 (4) Second year anniversary of the closing date U.S. $100,000.00 (5) Third year anniversary of the closing date U.S. $100,000.00 (6) Fourth year anniversary of the closing date U.S. $100,000.00 (7) Fifth year anniversary of the closing date nil (8) Sixth year anniversary of the closing date nil b. STOCK TRANSFER - As additional consideration, the Purchase Price shall include the issuance of 1,000,000 Shares, subject to such conditions as may be imposed by the rules and regulations of the United States Securities and Exchange Commission, as follows: (1) Two Hundred and Fifty Thousand (250,000) Shares on execution of this Agreement; (2) Two Hundred Fifty Thousand (250,000) Shares on or before the date one year from the Effective Date of this Agreement; and (3) Two Hundred Fifty Thousand (250,000) Shares on or before the date two years from the Effective Date of this Agreement. (4) Two Hundred Fifty Thousand (250,000) Shares on or before the date three years from the Effective Date of this Agreement.
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Consideration to Geoxplor a. Payments and Reimbursements - ALM shall pay GeoXplor in consideration of the grant of the exploration license and other rights granted under this Agreement the following: (1) Five Thousand Dollars ($5,000.00) upon the execution of a letter of intent on April 29, 2009, the receipt of which is acknowledged; (2) Fifty-Six Thousand Dollars ($56,000.00) upon execution of this Agreement (calculated based on $500.00 per claim multiplied by 53 staked and recorded claims equals $26,500.00 minus $5,000.00 deposit equals $21,000.00 plus $35,000.00 as payment on execution equals $56,000.00); (3) Seventeen Thousand Five Hundred Dollars ($17,500.00) upon presentation of a receipt for payment of the filing and claim maintenance fees to the Nevada State Office of the Bureau of Land Management for the filing of 35 “AF” placer claims, it being understood that GeoXplor will be reimbursed for the costs associated with locating claims of Five Hundred Dollars ($500.00) per claim; (4) Thirty-Five Thousand Dollars ($35,000.00) or before the date one year from the Effective Date of this Agreement; (5) Fifty Thousand Dollars ($50,000.00) or before the date two years from the Effective Date of this Agreement; (6) One Hundred Thousand Dollars ($100,000.00) or before the date three years from the Effective Date of this Agreement; and (7) One Hundred Thousand Dollars ($100,000.00) or before the date four years from the Effective Date of this Agreement.
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Consideration to Geoxplor 
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