Work Expenditures. Until the earlier of (a) termination by Company of this Agreement under Section 6 or (b) transfer of title to the Company under Section 7, Company shall make the work expenditures on or for the benefit of the Oatman Gold Project in the following amounts: A. The sum of US$100,000 (One hundred thousand dollars) on or before November 30, 2011. B. The sum of US$100,000 (One hundred thousand dollars) on or before November 30 of each year thereafter.
Appears in 3 contracts
Sources: Project Acquisition Agreement (ASPA Gold Corp), Project Acquisition Agreement (Renaissance BioEnergy Inc.), Project Acquisition Agreement (Renaissance BioEnergy Inc.)