As consideration for the transaction:
\n(ii) Issue to [Counterparty] common shares of [HoundCo] upon the execution of the definitive agreement, plus common shares on each of the next five anniversaries of the date of the definitive agreement, for a total of common shares of [HoundCo] (the “Payment Shares”);
\n(iii) Spend $ the “First Earn-In Amount”) prior to the third anniversary of the date of the definitive agreement, with a minimum expenditure of $ per year (inclusive of expenditures carried forward from previous years as applicable), to earn % of [Counterparty]’s interest in and to the project;
\n(iv) Spend an additional $ prior to the fifth anniversary of the date of the definitive agreement to earn an additional % of [Counterparty]’s interest in and to the project; and
\n(v) Reimburse [Counterparty] for all exploration expenditures incurred prior to the date of the definitive agreement, which reimbursement will be counted towards the first earn-in amount; and
\n(b) [Counterparty] is required to maintain its obligation to issue the underlying vendor of the project common shares of [Counterparty] over five years.
","frontmatter":{"title":"Considerations for the transaction","date":"August 26, 2016","description":"Issue to Counterparty common shares of HoundCo upon the execution of the definitive agreement, plus common shares on each of the next five anniversaries...","author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal","bio":"Rajah Lehal is Founder and CEO of Clausehound.com. Rajah is a legal technologist and technology lawyer who is, together with the Clausehound team, capturing and sharing lawyer expertise, building deal negotiation libraries, teaching negotiation in classrooms, and automating negotiation with software.","image":{"childImageSharp":{"fluid":{"base64":"data:image/jpeg;base64,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","aspectRatio":1,"src":"/static/d7bbad08c257f3987a4a5710553e9e17/bdd4d/Rajah.jpg","srcSet":"/static/d7bbad08c257f3987a4a5710553e9e17/2b9ee/Rajah.jpg 80w,\n/static/d7bbad08c257f3987a4a5710553e9e17/e5d64/Rajah.jpg 160w,\n/static/d7bbad08c257f3987a4a5710553e9e17/bdd4d/Rajah.jpg 320w,\n/static/d7bbad08c257f3987a4a5710553e9e17/6e63d/Rajah.jpg 400w","sizes":"(max-width: 320px) 100vw, 320px"}}}},"tags":["Rajah"]}}},"pageContext":{"slug":"/considerations-for-the-transaction/","previous":{"fields":{"slug":"/clausehound-and-ryerson-lpp/"},"frontmatter":{"title":"Clausehound.com and Ryerson’s Law Practice Program Announce a New Collaboration","tags":["Collaboration","Rajah"],"author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal"}}},"next":{"fields":{"slug":"/blog-bite-what-are-the-most-common-mistakes-in-privacy-policies-and-how-can-they-be-corrected/"},"frontmatter":{"title":"Blog Bite: What are the most common mistakes in privacy policies, and how can they be corrected?","tags":["Privacy Policy","Governing Law","Mondaq","Learn","USA"],"author":{"id":"alina@clausehound.com","first":"Alina","last":null}}}}}}