MINING CLAIM LEASE AGREEMENT
This Mining Claim Lease Agreement ("Lease") is made and effective April
4, 2006 by and between World Organic's Inc. (Owner) and Advanced
Mineral Technologies Inc.
1. PREMISES.
World Organic's Inc.(WOI) hereby lease to AMT Inc. and AMT Inc. accepts
the following: 'AMI Inc. will maintain the properties. AMI Inc. has the
right to open new pits, drill new sites and. It will be the
responsibility of AMI to obtain these permits.
2. TERM.
The term of this Lease shall start on April 4, 2006, continue until AMI
has acted on the option to purchase the entire deposit.
3. ANNUAL PAYMENT.
AMI Inc. agrees to pay, without demand, to WOI Inc. as rent for the WOI
properties the sum of annual assessment work and filing fees, each
year, and copies sent to 0000 Xxxxxx Xxxxxxxxx Xx., Xxxxxxxxxxxx, Xx.
00000 or at such other place as WOI 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 WOI or until AMI
Inc. has purchased the entire properties.
B. AMI Inc. shall comply with all laws, ordinances, rules, and orders
of appropriate governmental authorities, with respect to the Property.
5. ASSIGNMENT AND SUBLETTING.
A. AMI 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 WOIs prior written consent.
B. Any assignment, subletting, concession, or license without the prior
written consent of WOI, or an assignment or subletting by operation of
law, shall be void and, at WOIs 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 AMI's negligence
or willful act, there shall be an abatement of payments until
accessment of damage and a new agreement between both parties. ,
7. RIGHT OF INSPECTION.
WOI and WOIs agents $hall 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, WOI shall have the following rights: WOI may, at WOIs
option, enter the Property by any means without liability to AMT Inc.
for damages. WOI may also dispose of any of AMT?s abandoned personal
property as Rogue deems appropriate, without liability to AMT. WOI is
entitled to presume that AMT has abandoned the Property if AMT has
failed on its lease payment and has not actively pursued its mining
operation, or if it would otherwise be reasonable for WOI 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 WOI will not provide insurance coverage for AMT?s
property.
11. BINDINGEFFECT.
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 laws 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 WOI Inc. and AMT Inc.
14. NOTICES.
Any notice required or otherwise given pursuant to this Leas shall be
in writing; hand delivered, mailed certified return receipt requested,
postage prepaid, or delivered by overnight delivery service, if to AMT
Inc., at 233 Box 0000 Xxxxx Xxxxx Xxx, Xxxxxx Xxxx, XX 00000 and if to
AMT, at 0000 Xxxxxx Xxxxxxxxx Xx. Xxxxxxxxxxxx, XX 00000.
IN WITNESS WHEREOF, the parties have caused this Lease to be executed
the day and year first above written.
/s/Xxx Xxxxx /s/Xxxx Xxxxxxxx
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Xxx Xxxxx for WOI Inc. Xxxx Xxxxxxxx for AMT Inc.
