Mining Claim Sale Contract
This Mining Claim Sale Contract (the "Contract") is made by and between
Xxxxx Xxxx, Xxxxxx Xxx, Xxxx Xxxxxxxx, Xxx Xxxxx, Xxxxxx Xxxxx, Xxxxxxx
Xxxxxxxx, Xxxxxx Xxxxxxxx and Xxxxxxx Xxxxxxx ("Sellers") and Advanced
Mineral Technologies Inc. ("Buyer").
The Effective Date shall be the date of signature by the later party to
sign the Contract.
Property to be Sold
A. Buyer agrees to purchase and Sellers agrees to sell the real
property and the improvements thereon (the "Property") commonly known
as: Rogue Mining Claims.
B. The legal description of the Property is: East 1/2 of Section II,
the Southwest II4 of Section 12, the South 112 of Section 14, the South
II2 of Section 13 and the West 112 of Section 18, township 00 xxxxx
Xxxxx 0 Xxxx, XXX, Xxxxxxx Xxxxxx Xxxxxx.
Purchase Price.
A. The Purchase Price for the Property is 400,000 shares of AMT Inc.
Common stock.
Closing and Possession.
The closing of this Contract for the sale and purchase of the Property
shall be not later than July 29; 2005-, or such other date as maybe
agreed by the parties (the "Closing Date"). The closing sha11 be
conducted at 0000 X. Xxxxxxxxx Xxxx, Xxxxxx Xxxx, Xxxxxx, 00000 at a
mutually convenient time during business hours. Unless otherwise agreed
by the parties, Buyer shall have possession of the Property immediately
following the closing.
Parties.
If Se11er or Buyer constitutes two or more persons, the terms "Seller"
or "Buyer" shall be construed to read "Se11ers" or "Buyers" whenever
the sense of the Contract requires. Unless identified as Seller or
Buyer, no real estate professional, escrow agent or closing agent is a
party to this Contract.
Entire Agreement.
This Contract constitutes the complete agreement of the parties
concerning the sale and purchase of the Property. It supersedes all
previous agreements, whether oral or written. This Contract may be
modified only by a further writing signed by the parties.
Notices.
Any notice required or permitted under this Contract sha11 be deemed
sufficiently given if hand delivered, or if sent by United States
certified mail, return receipt requested, or registered mail, as
follows: If to Seller: Xxx Xxxxxxx, 0000 X. Xxxxxxxxx Xx. Xxxxxx Xxxx,
Xxxxxx, 00000, and if to Buyer: Advanced Mineral Technologies Inc., 000
Xxxxx Xxxxx Xxx, Xxx 0000, Grants Pass, Or. 97527. Seller and Buyer
shall each have the right from time to time to change the place notice
is to be given under this section by written notice thereof to the
other party.
Headings.
Headings used in this Agreement are provided for convenience only and
shall not be used to construe the meaning or intent of any term.
Governing Law.
This Agreement shall be construed and enforced in accordance with the
laws of the state where the Property is located.
/s/Xxx Xxxxxxx /s/Xxxx Xxxxxxxx
------------------------ ----------------------
Xxx Xxxxxxx for the Sellers Xxxx Xxxxxxxx for AMT Inc.
Date: 2/29/2995 Date: 2/29/2005
