Common use of GRANT OF RIGHTS AND TERM Clause in Contracts

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. 1.01 The term of this Licence begins on January 31November 12, 20202019, 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 31November 11, 20252024; 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. 1.01 The term of this Licence begins on January 31October 29, 20202019, 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 31October 28, 20252024; 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. 1.01 The term of this Licence begins on January Ocotber 31, 2020, 2018 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 31October 30, 2025; 2023 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.