Common use of Exploration and Development Clause in Contracts

Exploration and Development. Neutron shall be obligated to expend $250,000.00 during the twelve-month period following the execution of this Agreement and an additional $250,000.00 during the next twelve month period to explore and/or develop the Premises.

Appears in 2 contracts

Sources: Mineral Lease Agreement (Neutron Energy, Inc.), Mineral Lease Agreement (Neutron Energy, Inc.)