MINING CLAIM LEASE AGREEMENT
This Mining Claim Lease Agreement ("Lease") is made and effective June
1, 2000 by and between Rogue Silicates, Inc. (Owner) and Advanced
Mineral Technologies Inc.
1. PREMISES.
Rogue Silicates Inc. hereby leases to AMT Inc. and AMT Inc. accepts the
following: AMT Inc. will pay to Rogue the amount $5000.00 each year to
maintain the properties and mine from its open pit. AMT Inc. has the
right to open new pits, drill new sites and haul up to 10 million tons
of material from anywhere on the Rogue properties. It will be the
responsibility of AMT to obtain these pelll1its.
2. TERM.
The term of this Lease shall start on June 1,2000, continue until AMT
has acted on the option to purchase the entire deposit.
3. ANNUAL PAYMENT.
AMT Inc. agrees to pay, without demand, to Rogue Silicates Inc. as rent
for the Rogue properties the sum of $5,000.00 per year, in advance on
the first day of August, at 0000 X. Xxxxxxxxx Xx. Xxxxxx Xxxx, Xx.
00000, or at such other place as Rogue may designate.
4. USE OF PROPERTY.
A. The Property shall be used and occupied by AMT Inc. exclusively as a
Mining Claim with all rights as a mining claim, no timber shall be
removed not associated with mining operations, water shall not be sold
or removed from the property without a purchase from Rogue or until AMT
Inc. has purchased the entire properties.
B. AMT Inc. shall comply with all laws, ordinances, rules, and orders
of appropriate governmental authorities, with respect to the Property.
5. ASSIGNMENT AND SUBLETTING.
A. AMT Inc. shall not assign this Lease, or sublet or grant any
concession or license to use the Property or any part of the Property
without Rogue's prior written consent.
B. Any assignment, subletting, concession, or license without the prior
written consent of Rogue, or an assignment or subletting by operation
of law, shall be void and, at Rogue's option, terminate this Lease.
6. DAMAGE TO PROPERTY.
If the Property, or any part of the Property, shall be damaged by fire
or act of nature not due to AMT's negligence or willful act, there
shall be an abatement of payments until assessment of damage and a
new....agreement between both parties.
7. RIGHT OF INSPECTION.
Rogue and Rogue's agents shall have the right at all reasonable times
during the term of this Lease and any renewal of this Lease to enter
the Property for the purpose of inspecting the Property.
8. ABANDONMENT.
If at any time during the term of this Lease, AMT Inc. abandons the
Property, Rogue shall have the following rights: Rogue may, at Rogue's
option, enter the Property by any means without liability to AMT Inc.
for damages. Rogue may also dispose of any of AMT's abandoned personal
property as Rogue deems appropriate, without liability to AMT. Rogue is
entitled to presume that AMT has abandoned the Property if AMT has
failed on it's lease payment and has not actively pursued it's mining
operation, or if it would otherwise be reasonable for Rogue to presume
under the circumstances that AMT has abandoned the Property.
9. SEVERABILITY.
If any part or parts of this Lease shall be held unenforceable for any
reason, the remainder of this Agreement shall continue in full force
and effect.
10. INSURANCE.
AMT acknowledges that Rogue will not provide insurance coverage for
AMT's property.
11. BINDING EFFECT.
The covenants and conditions contained in the Lease shall apply to and
bind the heirs, legal representatives, and permitted assigns of the
parties.
12. GOVERNING LAW.
It is agreed that this Lease shall be governed by, construed, and
enforced in accordance with the Jaws of the State of Oregon.
13. ENTIRE AGREEMENT.
This Lease shall constitute the entire agreement between the parties.
Any prior understanding or representation of any kind preceding the
date of this Lease is hereby superseded. This Lease may be modified
only by a writing signed by both Rogue Silicates Inc. and AMT Inc.
14. NOTICES.
Any notice required or otherwise given pursuant to this Lease shall be
in writing; hand delivered, mailed certified return receipt requested,
postage prepaid, or delivered by overnight delivery service, if to AMT
Inc., at the Property and if to Rogue, at the address [or payment of
rent.
IN WITNESS WHEREOF, the Parties have caused this Lease to be executed
the day and year first above written.
/s/Xxxxx Xxxxxx /s/Xxxx Xxxxxx
-------------------------------------- ------------------------------
-----
Xxxxx Xxxxxx for Rogue Silicates Inc. Xxxx Xxxxxx for AMT Inc.
