Common use of Interest in the Property Clause in Contracts

Interest in the Property. To the knowledge of Almaden and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ is the beneficial owner of an undivided 30% interest in the Caballo ▇▇▇▇▇▇ Property and the registered owner of 100% interest in the Caballo ▇▇▇▇▇▇ Property, free and clear of any and all Encumbrances, subject to the Existing Encumbrances and the Caballo Option Agreement;