NET RETURNS ROYALTY. Upon completion by Optionee of the 100% Option, the Optionee shall recognize to the Optionor a 2.5% Net Returns Royalty, where Net Returns Royalty has the meaning set out in Annex II (hereinafter the “NET RETURN ROYALTY”). The NET RETURN ROYALTY will be calculated and paid to the Optionor or to its appointed nominees in accordance with the Annex II.
Appears in 3 contracts
Sources: Mineral Right Option Agreement (Constitution Mining Corp), Mineral Right Option Agreement (Constitution Mining Corp), Mineral Right Option Agreement (Amazon Goldsands Ltd.)