Agreement
THIS AGREEMENT dated as of Effective Date of Agreement (ie. December
20, 2006) between Rogue Silicates Inc., of 0000 X. Xxxxxxxxx Xx.,
Xxxxxx Xxxx, Xx. 00000 (the "1st Party'') and Advanced Mineral
Technologies Inc. (AMT INC.), 0[233 Rogue River Hwy. Box 1074 Grants
Pass, Or. 97527 (the "2nd Party").
IN CONSIDERATION of the mutual covenants and conditions hereinafter set
forth and for other good and valuable consideration, the receipt and
sufficiency of which 15 hereby acknowledged, the parties agree as
follows:
1. 1st Term of Agreement: AMT INC. wishes to contract Rogue Silicates
Inc. to mine and process clay from the Rogue mines. Rogue agrees to do
this for sixty dollars ($60.00) per ton at the mine site to a ten mesh
size. Rogue has an account with Industrial Minerals of Sacramento,
California to process any material to a finer mesh, the cost is Two
Hundred Seventy Five Dollars ($275.00) per hour.
2. 2nd Term of Agreement: Rogue Silicates owns two 5 acre mill sites,
(Rogue Mm Site # 1 and # 2) by Hwy 230 one of them will be leased to
AMT Inc. for Two Hundred Dollars $200.00) per year.
3. 3rd Term of Agreement: Rogue will handle mining, processing and
shipping for AMT Inc. A minimum run will be 10,000 tons, an escrow
account is to be set up at Liberty Bank, Union Street Branch, Grants
Pass, Or, to pay for the operation.
4. This Agreement sets forth the entire agreement between the parties
relating to the subject matter hereof and stands in the place of any
previous agreement, whether oral or in writing. The parties agree that
no amendment to this Agreement shall be binding upon the parties unless
it is in writing and executed by both parties.
5. This Agreement shall enure to the benefit of and be binding upon
the respective heirs, executors, administrators and assigns of each of
the parties hereto.
6. This Agreement may be executed in one or more counterparts, each of
which when so executed shall be deemed to be an original and such
counterparts together shall constitute one and the same instrument.
7. The parties acknowledge that this Agreement may be negotiated and
transmitted between the parties by means of a facsimile machine and
that the terms and conditions agreed to are binding upon the parties.
Upon the Agreement being accepted, copies of the facsimile will be
validated by both parties forthwith.
2
IN WITNESS WHEREOF this Agreement has been executed by the parties
hereto as of the date first above written.
/s/Xxx Xxxxxxx
For Rogue Silicates
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1st pary
/s/Xxxxxxx Xxxxxxxx
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2nd party
Pres. AMT Inc.
