GRANT OF RIGHTS AND TERM Clause Samples

GRANT OF RIGHTS AND TERM. 1.01 The term of this Licence is 25 years, beginning March 1, 2000. 1.02 Subject to this Licence, the Minister grants the Licensee (a) the exclusive right during the term of this Licence to harvest from (i) Schedule B Land, and (ii) Schedule A Land subject to a timber licence, timber of the types specified in paragraph 1.03 from the types of terrain specified in paragraph 1.04, (b) the right to manage (i) Schedule B Land, and (ii) Schedule A Land subject to a timber licence, according to this Licence, the management plan in effect under this Licence, and operational plans approved in respect of this Licence, and (c) the right to enter and use (i) Schedule B Land, and (ii) Schedule A Land subject to a timber licence, for the purpose of exercising a right or fulfilling an obligation under this Licence. 1.03 The following types of timber are specified for the purposes of paragraph 1.02: (a) on Schedule A Land subject to a timber licence, all merchantable timber; and (b) on Schedule B Land, all types of timber other than deciduous types. 1.04 The following types of terrain are specified for the purposes of paragraph 1.02: (a) on Schedule A Land subject to a timber licence, all terrain containing merchantable timber; and (b) on Schedule B Land, all types of terrain. 1.05 Subject to this Licence, the Licensee may also harvest timber from the Licence Area that is not (a) of a type specified in paragraph 1.03, or (b) from a type of terrain specified in paragraph 1.04. 1.06 The Licensee will not harvest timber from the Licence Area except under a cutting permit or road permit, or a free use permit issued to the Licensee and as otherwise authorized under the Acts and regulations referred to in paragraph 9.01. 1.07 Subject to paragraph 1.08, the Licensee will not occupy Schedule B Land or Schedule A Land subject to a timber licence, except under and in accordance with a cutting permit, road permit, or special use permit authorizing such use or occupation. 1.08 Paragraph 1.07 does not apply to temporary occupation for the purpose of (a) carrying out silviculture, (b) collecting inventory information, (c) doing engineering layouts and surveys, (d) carrying out protection and forest health activities, and (e) fulfilling other obligations of the Licensee under or associated with this Licence. 1.09 Each year during the term of this Licence, the Regional Manager or District Manager may dispose of the following volumes of timber of a type specified in paragraph 1.03 from a ...

GRANT OF RIGHTS AND TERM. The GOVERNMENT hereby grants EGPC and CONTRACTOR subject to the terms, covenants and conditions set out in this Agreement, which insofar as they are contrary to or inconsistent with any provisions of Law No. 66 of 1953, as amended, shall have the force of Law, an exclusive concession in and to the Area described in Annexes "A" and "B". (a) The GOVERNMENT shall own and be entitled, as hereinafter provided to a royalty in cash or in kind of ten percent (10%) of the total quantity of Petroleum produced and saved from the Area during the development period including renewal. Said royalty shall be borne and paid by EGPC and shall not be the obligation of CONTRACTOR. The payment of royalties by EGPC shall not be deemed to result in income attributable to the CONTRACTOR. (b) An initial Exploration period of three (3) years shall start from the Effective Date. Two (2) successive extensions to the initial Exploration period, each of two (2) years respectively, shall be granted to CONTRACTOR at its option, upon not less than thirty (30) days prior written notice to EGPC, such notice to be given not later than the end of the then current period, as may be extended pursuant to the provisions of Article V (a), and subject only to its having fulfilled its obligations hereunder for that period. This Agreement shall be terminated if neither a Commercial Oil Discovery nor a Commercial Gas Discovery is established by the end of the seventh (7th) year of the Exploration period, as may be extended pursuant to Article V (a). The election by EGPC to undertake a sole risk venture under paragraph (c) shall not extend the Exploration period nor affect the termination of this Agreement as to CONTRACTOR.

GRANT OF RIGHTS AND TERM. 1.01 The term of this Licence begins on January 31, 2020, and ends on the earlier of: (a) the day upon which the Licensee's right of occupation expires or is surrendered, cancelled or otherwise terminated; (b) (Date January 31, 2025; or (c) at the Licensee’s request, the Licensor gives notice to the Licensee that all contractual and legislative obligations associated with the Licence have been completed. 1.02 The Licensee is authorized to cut and remove Crown timber from the area shown on the attached Exhibit “A” maps (“Licence area”) that is necessary to cut in order to facilitate the operations or the use of the Crown land within the Licence area as described in the right of occupation. 1.03 The Licensee's rights under this Licence are of no force or effect when the right of occupation is suspended. 1.04 Subject to the Licence, the Licensee may enter onto areas referred in paragraph 1.01 for the purpose of exercising the rights under this Licence. 1.05 This Licence does not grant the Licensee the exclusive right to harvest timber from the Licence area, and the Licensor reserves the right to grant rights to other persons to harvest timber from the Licence Area.

GRANT OF RIGHTS AND TERM. The GOVERNMENT hereby grants EGPC and CONTRACTOR subject to the terms, covenants and conditions set out in this Agreement, which insofar as they are contrary to or inconsistent with any provisions of Law No. 66 of 1953, as amended, shall have the force of Law, an exclusive concession in and to the Area described in Annexes "A" and "B". (a) The GOVERNMENT shall own and be entitled, as hereinafter provided, to a royalty in cash or in kind of ten percent (10%) of the total quantity of Petroleum produced and saved from the Area during the Development period including renewal. Said royalty shall be borne and paid by EGPC and shall not be the obligation of CONTRACTOR. The payment of royalties by EGPC shall not be deemed to result in income attributable to the CONTRACTOR. In case CONTRACTOR dispose all or part of its share of production sharing Gas and excess Cost Recovery Gas, if any, by himself to local market and after obtaining the competent authorities’ approval in A.R.E., CONTRACTOR shall pay to EGPC an amount equal to the royalty entitled to The GOVERNMENT in respect of such Gas, the payment of such royalties by CONTRACTOR shall be deemed to be non- recoverable cost. (b) An initial Exploration period of ---------------- years shall start from the Effective Date. -------------- successive extension(s) to the initial Exploration period, of ----------- years respectively, shall be granted to CONTRACTOR at its option, upon not less than thirty (30) days prior written notice to EGPC, such notice to be given not later than the end of the then current Exploration period, in case it is extended pursuant to the provisions of Article V (a), and subject only to its having fulfilled its obligations hereunder for that period. This Agreement shall be terminated if neither a Commercial Oil Discovery nor a Commercial Gas Discovery is established by the end of the --------- year of the Exploration period, in case it is extended pursuant to Article V (a).The election by EGPC to undertake a sole risk venture under paragraph (c) shall not extend the Exploration period nor affect the termination of this Agreement as to CONTRACTOR.

GRANT OF RIGHTS AND TERM of This Agreement. You grant, convey, and transfer to Us the exclusive right to publish, distribute, and sell the Work in whole or in part in print, electronic, or any other form or medium, now known or hereafter developed, in all languages, throughout the world, for the duration of copyright in the Work, which shall be the term of this Agreement unless it is terminated sooner as the Agreement provides. “Electronic Form” shall include photographic, audio, video, digital, laser, magnetic, or any other form, and for any medium now known or hereafter developed. You may publish excerpts from the Work or articles based on the Work, provided that no individual excerpt represents more than ten percent (10%) of the entire Work, and that all such excerpts or articles contain appropriate references to the Work, including a reference to us as its publisher.

GRANT OF RIGHTS AND TERM. 1.01 The term of this Licence begins on May 1, 2010 and expires on May 20, 2034. 1.02 Subject to this Licence, the Minister grants the Licensee: (a) the exclusive right to harvest all types of Crown timber, other than deciduous types, from Schedule “B” Land; (b) the exclusive right to harvest all timber authorized under a timber licence, from Schedule “A” Land subject to a timber licence; (c) the right to manage Schedule “A” Land subject to a timber licence and Schedule “B” Land according to; (i) this Licence; (ii) the management plan in effect under this Licence; and (iii) operational plans approved in respect of this Licence. 1.03 Subject to this Licence, the Licensee may also harvest timber from the licence area that is not of a type specified in Paragraph 1.02.

GRANT OF RIGHTS AND TERM. ▇▇▇▇ grants to GPM all rights, which ▇▇▇▇ has acquired from the State of Alaska through the ownership of the Claims, to enter upon the Claims to conduct such exploration and prospecting operations as GPM may deem appropriate to determine the presence, location, quantity and value of minerals contained within the Claims, excepting therefrom the placer rights. Such operations may include, but shall not be limited to, mapping, sampling including bulk sampling, trenching, drilling, testing, assaying, conducting environmental studies and other geochemical and geophysical exploration methods whether now known or in the future developed. GPM may establish drill sites and construct such minor roads as may be necessary to the conduct of the foregoing activities, provided GPM secure permits from the appropriate permitting authorities. GPM agrees to provide ▇▇▇▇ with ten (10) days notice of any drilling activities. GPM may also mine and remove such amount of minerals as GPM may deem appropriate for sampling, assaying, metallurgical testing and evaluation of the Property without exercising the Option to purchase, however, minerals may not be removed for sale unless the Option to Purchase has been exercised and the full purchase price paid. The term of this Agreement shall expire on January 1, 2003 unless sooner terminated in accordance with the terms of this Agreement.

GRANT OF RIGHTS AND TERM. The GOVERNMENT hereby grants EGPC and CONTRACTOR subject to the terms, covenants and conditions set out in this Agreement, which insofar as they are contrary to, or inconsistent with any provisions of Law No.66 of 1953, as amended, shall have the force of Law, an exclusive concession in and to the Area described in Annexes "A" and "B".

GRANT OF RIGHTS AND TERM. The STATE hereby grants to the CONTRACTOR (for and on behalf of itself and Range Resources) and the DEPARTMENT the sole, exclusive, immediate and irrevocable right to conduct Petroleum Operations in the Agreement Area subject to the terms, covenants and conditions set out in this Agreement. CANMEX shall conduct Petroleum Operations under this Agreement as Operator. This Agreement shall henceforth govern all the interests, rights and obligations of the parties hereto with respect to the subject matter hereof, and the STATE shall in its name retain the title to the Agreement Area. Except as expressly provided by this Agreement and the Puntland Contract of Work, no other rights or privileges are granted to the CONTRACTOR (and/or Range Resources) with respect to the Agreement Area, the Petroleum produced from the Agreement Area or any other mineral resources in the Agreement Area.