0000008328-09-000047 Sample Contracts

AGREEMENT APPOINTING AGENT FOR SALE OF ASSETS
Agreement Appointing Agent for Sale • July 28th, 2009 • Atlas Mining Co • Gold and silver ores • Washington
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SETTLEMENT, WAIVER AND RELEASE AGREEMENT
Settlement, Waiver and Release Agreement • July 28th, 2009 • Atlas Mining Co • Gold and silver ores • Idaho

This Settlement, Waiver and Release Agreement dated as of June _______, 2009 (“Agreement”) is by and among Robert Dumont, 906 McKinley Avenue, Kellogg, ID 83837 (“Dumont”), on one hand, and Atlas Mining Company, 1221 Yellowstone, Osburn, ID 83849 (“Atlas”), on the other hand. Dumont and Atlas are collectively referred to in this Agreement as the “Parties.”

EMPLOYMENT AGREEMENT
Employment Agreement • July 28th, 2009 • Atlas Mining Co • Gold and silver ores • Idaho

AGREEMENT made as of the 9th day of March, 2006 by and between, Nano Clay and Technologies, Inc, a wholly owned subsidiary of Atlas Mining Company, an Idaho corporation with its principal offices at 630 W. Mullan Ave., Osburn, Idaho 83849, (the “Company”), and Ronald Price, whose address is 114 Monopanson Dr. Stevensville, MD 21666 (the “Executive”).

CONFIDENTIAL RELEASE AND SETTLEMENT AGREEMENT
Confidential Release and Settlement Agreement • July 28th, 2009 • Atlas Mining Co • Gold and silver ores

THIS RELEASE AND SETTLEMENT AGREEMENT (“Agreement”) is made effective this 27th day of April, 2009, by and between William T. Jacobson (“William Jacobson”), Mary Ann Jacobson, David Jacobson, and Karl W. Jacobson (collectively, referred to as “the Jacobsons”) and Atlas Mining Company (“Atlas”). The Jacobsons and Atlas shall collectively be referred to as “the Parties.”

SEPARATION , WAIVER AND RELEASE AGREEMENT
Non-Qualified Stock Option Agreement • July 28th, 2009 • Atlas Mining Co • Gold and silver ores • New York

This Separation, Waiver and Release Agreement (“Agreement”) dated as of November __, 2008 (the “Effective Date”) is by and among Ronald Price, 114 Monopanson Drive, Stevensville, MD 21666 (“Price”) and Atlas Mining Company, 1221 Yellowstone, Osburn, ID 83849 (“Atlas”).

SETTLEMENT AGREEMENT
Settlement Agreement • July 28th, 2009 • Atlas Mining Co • Gold and silver ores

THIS SETTLEMENT AGREEMENT (“Agreement”) is made effective on the date it has been fully executed, by and between Lead Plaintiffs in the First Amended Consolidated Class Action Complaint for Violation of Federal Securities Laws (the “Complaint”), filed on July 28, 2008 in In Re Atlas Mining Company Securities Litigation, in the United States District Court for the District of Idaho, Civil Action No. 07-428-N-EJL (the “Plaintiffs”) and Atlas Mining Company, in its own capacity and as successor in interest to Nano Clay Technologies, Inc. (“Atlas” or “the Company”), William Jacobsen, Robert Dumont, Barbara Suveg and Ronald Price, and their respective marital community, representatives, heirs, executors, administrators, attorneys, agents, successors and assigns (collectively, “the Parties”)

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