Earned Interest. Upon the required cash payments as defined in 3.2 and the completion of the expenditures on the Property as defined in 3.4 above, the Optionee shall earn and be assigned an irrevocable seventy-five percent (75%) interest in and to the Property.
Appears in 2 contracts
Sources: Mining Option Agreement (Swingplane Ventures, Inc.), Assignment Agreement (Swingplane Ventures, Inc.)