MAY BE PRODUCED FROM THE
LEASED PREMISES, INCLUDING ALL DUMP ORES, CONCENTRATES AND PRECIPITATES( WHICH
COLLECTIVELY ARE HEREAFTER REFERRED TO AS "PRODUCTS") AND TO STORE, STOCKPILE,
REMOVE , SHIP,TREAT,PROCESS , SELL AND DISPOSE OF SAID PRODUCTS;
THE EXCLUSIVE RIGHT TO CARRY ON GENERAL MINING, MILLING AND/OR REFINING
OPERATIONS PERTAINING TO THE LEASED PREMISES OR OTHER LEASED PREMISES, ON THE
SURFACE OR THROUGH UNDERGROUND WORKINGS ON THE LEASED PREMISES AS THE LESSEE, IN
ITS SOLE DISCRETION, DETERMINE IS NECESSARY OR APPROPRIATE;
THE EXCLUSIVE RIGHT TO USE ANY PART OF THE LEASE PREMISES FOR TAILING PONDS,
WASTE DUMPS, AGGREGATE STORAGE AND FOR ANY OTHER PURPOSES INCIDENT TO
UNDERGROUND OR SURFACE MINJNG OPERATIONS ON THE LEASED PREMISES;
THE EXCLUSIVE RIGHT TO CONTRUCT, USE AND MAINTAIN IN OR UPON THE LEASED PREMISES
AND THE SURFACE THEREOF SUCH STRUCTURES, MINING MACHINERY, EQUIPMENT, TOOLS, ORE
BJNS, ROADS, SHAFTS, INCLINES, TUNNELS, DRIFTS, OPEN PITS, PIPELINES, TELEPHONE
LINES, ELECTRIC TRANSMISSION LINES, WATER STORAGE AND TRANSMISSION FACILITIES
AND PIPELINES, CONCENTRATING OR OTHER MILLING FACILITIES, GRAVEL CRUSHERS,
BUJ.LDTNGS, SHOPS AND OTHER FACILITIES AS LESSEE MAY DEEM ADVISABLE;
THE EXCLUSIVE RIGHT TO USE ANY SURFACE AND UNDERGROUND WATER AND WATER RIGHTS OR
TIMBER RIGHTS NOW EXISTING OR SUBSEQUENTLY DISCOVERED, DEVELOPED OR OB1AINED IN
OR UPON OR APPURTENANT TO THE LEASED PREMISES AND TO USE ALL RECIPRICAL RIGHTS
WHICH THE LEASED PREMISES MAY HAVE WITH RESPECT TO OTHER PROPERTIES IN THE AREA;
THE RIGHT TO DO ALL THINGS WHICH ARE INCIDENTAL TO OR WHICH MAY BE USEFUL,
DESIRABLE OR CONVENIENT IN LESSEE'S EXERCISE OF ANY OR ALL OF THE RIGHTS GRANTED
TO LESSEE.
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LESSEE'S INITIALS
LESSOR'S INITIALS
32.
U.S. CURRENCY:
ALL PAYMENTS REQUIRED TO BE MADE BY THIS LEASE SHALL BE IN U.S. DOLLARS.
33.
ADDRESS OF LESSOR:
LEASE PAYMENTS, ROYALTY PAYMENTS AND NOTICES SHALL BE MAILED TO LESSOR AT THE
FOLLOWING ADDRESS OR AT SUCH OTHER LOCATION AS LESSOR MAY DESIGNATE:
BRUCE D. AND ELIZABETH K. STRACHAN
P.O. BOX 577
JOSHUA TREE, CA. 92252-0577
34.
ADDRESS OF LESSEE:
NOTICES TO THE LESSEE SHALL BE MAILED TO THE FOLLOWING ADDRESS OR SUCH
OTHER LOCATION AS DESIGNATED BY LESSEE:
ATHENA MINERALS, INC.
C/O JOHN C. POWER
P.O. BOX 114
THE SEA RANCH, CA 95497
PAGE # 16
LESSEE'S INITIALS
LESSOR'S INITIALS
LESSEE: ATHENA MINERALS INC.
BY: JOHN C. POWER, PRESIDENT
DATE
LESSOR: BRUCE D. STRACHAN AS TRUSTEE OF THE BRUCE AND ELIZABETH STRACHAN
REVOCABLE LIVING TRUST DATED 7-25-2007
BRUCE D. STRACHAN, TRUSTEE
DATE
LESSOR: ELIZABETH K. STRACHAN AS TRUSTEE OF THE BRUCE AND ELIZABETH STRACHAN
REVOCABLE LIVING TRUST DATED 7-25-2007
ELIZABETH K. STRACHAN. TRUSTEE
DATE
PAGE # 17
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LESSOR'S INITIALS