Document:

Exhibit 10.7

                             MINING LEASE AGREEMENT
                            ------------------------

     This  Mining  Lease  Agreement  ("Agreement")  is  made and entered into by
Julian  Tomera  Ranches,  Inc.,  Battle  Mountain Division, a Nevada corporation
("Owner"),  and  Pediment  Gold,  LLC,  a  Nevada  limited  liability  company
("Lessee").

                                    RECITALS
                                    --------

     WHEREFORE, Owner owns the surface of certain fee lands situated in Humboldt
County,  Nevada,  more  particularly  described  in  Exhibit  A attached to this
Agreement;  and, Owner, to the best of its knowledge, owns the mineral interests
in  the  said  lands;  and,

     WHEREFORE,  Owner  desires  to  lease to Lessee and Lessee desires to lease
from  Owner the property rights and interests hereafter described, which include
Owner's  said  mineral  estate;  and,

     NOW,  THEREFORE,  in  consideration  of  their mutual promises, the parties
agree  as  follows:

     1.     DEFINITIONS.  The  following  defined  terms,  wherever used in this
Agreement,  shall  have  the  meanings  described  below:

          1.A. "Effective  Date" means the date this Agreement has been executed
by  the  last  party  to  sign  the  Agreement.

          1.B. "Lease  Year"  means  each  one  (1)  year  period  following the
Effective  Date  and  each  anniversary  of  the  Effective  Date.

          1.C. "Minerals"  means  gold,  silver,  platinum,  antimony,  mercury,
copper,  lead,  zinc,  and all other metals, mineral elements, mineral compounds
and  mineral  materials which are contemplated to exist on the Property or which
are  after  the  Effective  Date  discovered  on  the  Property and which can be
extracted,  mined  or  processed  by  any method presently known or developed or
invented  after  the  Effective  Date.

          1.D. "Minimum  Payments"  means the minimum payments payable by Lessee
to  Owner  in  accordance  with  Section  4  (a).

          1.E. "Ore"  means  material  from  the  Property,  the  nature  and
composition  of  which,  in  the  sole judgment of Lessee, justifies either: (1)
mining  or  removing  from  the  Property during the term of this Agreement, and
shipping and selling the same, or delivering the same, to a processing plant for
physical  or  chemical  treatment;  or (2) treatment, including leaching, on the
Property  during  the  term  of  this  Agreement.

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          1.F. "Owner"  means  Julian  Tomera  Ranches,  Inc.,  Battle  Mountain
Division,  its  successors  and  assigns.

          1.G. "Net  Smelter  Returns"  means  the  returns  from  production of
Minerals,  Ores  and  Product  from  the  Property  as defined and calculated in
accordance  with  the  provisions  of  this  Agreement.

          1.H. "Lessee"  means  Pediment  Gold, LLC, its successors and assigns.

          1.I. "Product"  means  the  following:

               1.I.A.  All  Minerals and Ores mined or removed from the Property
during  the  term  of  this  Agreement  and  shipped  and  sold by Lessee before
treatment;  and,

               1.I.B.  All concentrates, precipitates and mill products produced
by  or  for  Lessee  from  Minerals and Ores mined from the Property and sold by
Lessee  or from Minerals and Ores leached or treated on the Property and sold by
Lessee  during  the  term  of  this  Agreement.

               1.J. "Property"  means  the  mineral  estate and ownership of the
Minerals  on,  in  and under the lands described in Exhibit A attached to and by
this  reference  incorporated in this Agreement, including all of Owner's right,
title,  and  interest in and to the Minerals and mineral rights on, in and under
such  lands.

               1.K. "Royalty"  means the Net Smelter Returns or other production
royalty  payable  to  Owner  under  this  Agreement.

               1.L. "Waste"  means earth, rock or material mined or removed from
the  Property  during  the  term  of  this  Agreement,  but  which  is  not Ore.

     2.     GRANT  OF  LEASE  AND  RIGHTS.

          2.A. GRANT  OF  EXPLORATION  PRIVILEGE.  Owner  grants  to  Lessee the
exclusive  right  and  privilege  to  enter  on the Property for the purposes of
exploration  and  prospecting  for  any  and  all  Minerals, mineral substances,
metals,  ore-bearing  materials,  including  the right of ingress and egress for
personnel,  machinery,  equipment, supplies and products and the right to use so
much  of  the  surface  and  to  use  all easements and rights-of-way associated
therewith  as  may  be  reasonably  needed  for  such  purposes.

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          2.B. LEASE.  Owner  leases  exclusively  to  Lessee  the  Property for
the  purposes  of  development,  mining,  production,  removal  and  sale of all
Minerals,  mineral  substances,  metals, Ores, ore-bearing materials. The rights
granted  under  this Agreement apply to all of the Owner's right and interest in
the  Property  described  in  this Agreement, including, but not limited to, the
surface  and subsurface, all Ores, Minerals, mineral elements and compounds, and
mineral  rights, together with any and all veins, lodes and mineral deposits now
owned by Owner. Subject to the provisions of Section 13, during the term of this
Agreement, should Owner acquire an additional or greater interest in the mineral
estate,  tenements,  hereditaments  or  appurtenances, Owner agrees to lease the
additional  or  greater  interest  to  Lessee  pursuant to this Agreement, at no
additional  cost  to  Lessee.

          2.C. EXCLUSIONS  FROM  LEASE.

               2.C.1.  SUBSTANCES  EXCLUDED.  This  Lease  does  not include any
hydrocarbon or geothermal substances, resources or by-products.  This Lease does
not  include  any  surface  soils, sand, gravel, building stone or non-Ore rock.
Lessee  may, without payment to Owner, remove, stockpile, use or disturb surface
soils,  sand  or  gravel  only  as  reasonably necessary to Lessee's exploration
activities  pursuant  to this Agreement.   Lessee may, without payment to Owner,
use  surface  soils,  sand  or  gravel  for mine development, mining, milling or
processing  activities  pursuant to this Agreement, provided such activities are
on  the  Property  and will generate a Royalty for Owner.  Otherwise use of such
surface  materials  is  excluded.

               2.C.2. SURFACE WATERS. Any diminishment, destruction or diversion
of  surface  water  rights  by  Lessee  shall  only  be to the extent reasonably
necessary  to Lessee's permitted uses of the Property under this Agreement; and,
prior  to such activity by Lessee, any diminishment, destruction or diversion of
surface  water  rights  shall  be  subject  to:  (a) a commitment from Lessee to
provide  a reasonably adequate replacement for such surface water rights or, (b)
prior  discussion and agreement with Owner as to the best means to mitigate loss
of  Owner's  use  of  said  surface  water  rights.

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          2.D. USES.  During  the  life  of  this  Agreement, and subject to all
applicable  reclamation  laws  and  regulations,  Lessee shall have the right to
conduct  all  exploration  activities  upon  the  Property  that  Lessee  deems
appropriate.  Provided  that Lessee is or will pay a Royalty to Owner, Lessee is
granted  the  right to the following uses of the Property including, but without
being  limited  to, the full right, authority and privilege of placing and using
excavations,  open  pit mines, injection and production wells, openings, shafts,
ditches  and  drains,  and of constructing, erecting, maintaining, using and, at
its  election,  removing  any  and  all buildings, structures, plants, roadways,
pumps,  pipelines,  electrical  power  lines  and  facilities, stockpiles, waste
piles,  heap  leach pads, tailings ponds and facilities, settling ponds, and all
other  improvements,  property and fixtures for mining, removing, beneficiating,
concentrating,  smelting, extracting, leaching (in place or otherwise), refining
and  shipping  of  Ores,  Minerals or Product, or for any incidental activities,
whether  presently  contemplated, known or developed in the future to be used in
the  exploration, mine development, mining, extraction, production or processing
of  Minerals,  underground water or to any of the rights or privileges of Lessee
under  this  Agreement.  During the life of this Agreement Lessee will work with
Owner  to  avoid depriving Owner of presently existing access to Owner's grazing
areas,  and  where  necessary Lessee will provide reasonable alternative access.

          2.E. SURFACE  PURCHASE  OPTION.  Prior  to  opening  a  pit,  making a
stockpile  (whether  waste  or  other material), constructing a leach pad or any
beneficiation,  extraction, or processing site, Lessee shall notify Owner of the
amount  of  surface  in  Lessee's  sole  discretion  is determined as reasonably
required to the planned use.  At Owner's election, Owner will convey all Owner's
right,  title estate or interest in the agreed upon portion of the Property, but
excluding  all  subsurface and mineral rights, to Lessee, and Lessee will pay to
Owner  the  following  price  per  acre  (or fraction thereof): $250.00 per acre
during  the  first  five years of this Lease, $350.00 per acre during the second
five  years  of  this Lease and $350.00 per acre, increased by five percent (5%)
per  year, during the remainder of the life of this Lease.  Nothing herein shall
delay  Lessee's  right  under this Agreement to conduct its operations as in its
sole  discretion  it  sees  fit  and  upon  its  time table for such operations.

          2.F. UNDERGROUND  WATER RIGHTS. Subject to the laws and regulations of
the  State  of  Nevada  concerning the appropriation and taking of water, Lessee
shall  have  the  right to appropriate and use underground water, to drill wells
for  the water on the Property and to lay and maintain all necessary water lines
as  may  be  required  by Lessee in its operations on the Property.  On Lessee's
final  completion  of  exploration,  development,  mining,  restoration  and
reclamation  activities  on the Property such that Lessee no longer has need for
water  resources  acquired under permits issued to Lessee in accordance with the
laws  and  regulations  of  the  State of Nevada, Lessee shall notify Owner.  On
Owner's  request,  Lessee  shall  execute  and  deliver  to  Owner  a  quitclaim
conveyance  of  all Lessee's right, title, estate or interest in or to the water
rights  acquired  by  Lessee  for the conduct of its activities on the Property.

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          2.G. RIGHT  OF FIRST REFUSAL. In the event that Lessee should purchase
some  or all  of Owner's surface estate in the Property pursuant to the terms of
this  Agreement,  such  purchase  shall  be  subject  to  Owner's right of first
refusal,  as  set  forth below.  In the event that Lessee desires to sell all or
part of such surface estate upon completion of mining and reclamation activities
to  a  third  party to this Agreement, Lessee shall, in writing, first offer the
property for sale to Owner upon the same terms as Lessee is willing to offer to,
or  accept  from,  a third party.  Owner shall have thirty (30) days in which to
accept  said  terms  by  notice, in writing, to Lessee.  Owner's failure to give
notice of acceptance shall be deemed an irrevocable waiver of the right of first
refusal  as  to the land described in Lessee's  notice, and Lessee shall be free
thereafter to sell that particular land to a third party upon the same or better
terms  as offered to Owner.  Owner's exercise or Owner's failure to exercise its
right  of first refusal shall not be deemed a waiver by Owner of this right with
respect to subsequent sales by Lessee of other portions of the surface estate of
the  Property  acquired by Lessee under this Agreement.  Nothing herein shall be
construed  as  a restraint on Lessee's rights of assignment contained in Section
21  below.

          2.H. EXCEPTIONS  TO  RIGHT OF FIRST REFUSAL. Owner's preemptive rights
shall not apply  in the event of a transfer of any portion of the surface estate
within  the  property  by  Lessee  (i) to any  affiliate or subsidiary, (ii) for
purposes  of  granting  a  security  interest  in  connection  with financing or
fund-raising,  (iii)  in  connection  with a corporate merger, reorganization or
amalgamation,  or  similar  transaction  where  the  surviving  entity  holds
substantially  all  of  the  assets  and obligations of Lessee.  However, such a
transfer  will  not  extinguish  Owner's  preemptive  rights.

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     3.     TERM.  The  term  of this Agreement shall be from the Effective Date
for  ten (10) years unless terminated or canceled as provided in this Agreement.
The  term  shall  be  extended  provided that: (1) Lessee is in good standing in
performing  its  obligations under this Agreement; and, (2) Lessee has commenced
or will imminently commence extraction of Minerals for production purposes; and,
(3) Lessee continues to pay, at least, the applicable Minimum Payments set forth
below.

     4.     PAYMENTS.  Lessee  shall  make  the  following  payments  to  Owner:

          4.A. MINIMUM  PAYMENTS.  Lessee  shall  make  the  following  Minimum
Payments  to  Owner:

DATE  OF  PAYMENT                           PAYMENT
-----------------                           -------

Effective  Date                             $25,000.00

1st, 2nd and 3rd anniversaries of Effective
Date                                        $15,000.00

4th and subsequent anniversaries of
Effective  Date                             $20,000.00

          4.B. PRODUCTION  ROYALTY.  Lessee  shall  pay  to  Owner  the  Royalty
described in this Section.  The Royalty shall be determined monthly on the basis
such that payments will be payable within thirty (30) days after the last day of
each  calendar  month  during  which Lessee receives any final settlement from a
smelter  or  refiner  or revenue from the disposition or sale of any Minerals or
waste  taken from the property regardless of the source of such revenue.  Lessee
shall  have  no obligation to account to Owner, and Owner shall have no interest
or  right  of  participation  in,  any profits or proceeds of futures contracts,
forward  sales,  hedging or other similar marketing mechanisms used by Lessee or
any  of  its  affiliates concerning any Minerals, Ores or Product.  Lessee shall
have  no  obligation  to  Owner  to  complete  or perform any futures contracts,
forward  sales,  hedging or any other marketing agreement which Lessee or any of
its  affiliates  may  enter  into concerning Minerals, Ores or Product.  Royalty
payments  will  be  provisional  and  subject  to  adjustment at the end of each
accounting  year.

          4.C. NET SMELTER RETURNS. Lessee shall pay to Owner a Royalty of three
(3%) percent of Net Smelter Returns. The term Net Smelter Returns as used herein
shall  mean  the  end proceeds received by Lessee from the sale of minerals from
the  Property  after  deductions  for  all  of  the  following:

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     (I)  Custom  smelting costs, treatment charges and penalties including, but
          without  being  limited to, metal losses, penalties for impurities and
          charges  or  deductions for refining, selling, and transportation from
          smelter to refinery and from refinery to market; provided, however, in
          the  case  of  leaching  operations, all processing and recovery costs
          incurred  by  Lessee beyond the point at which the metal being treated
          is  in  solution  shall  be  considered as treatment charges (it being
          agreed  and  understood,  however,  that  such processing and recovery
          costs  shall  not  include  the  cost  of  mining,  crushing,  dump
          preparation,  distribution  of  leach  solutions  or  other mining and
          preparation  costs  up  to  the  point  at  which  the metal goes into
          solution);

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     (II) Cost  of  transporting  mineral  product  from  the  concentrator to a
          smelter  or  other  place  of  treatment;  and

     (III) Actual sales taxes and brokerage costs, on Minerals for which the net
          Smelter  Returns  Royalty  is  payable.

          4.D. METHOD  OF  PAYMENT.  Lessee  shall  make Minimum Payments to the
Owner's  address  for  notice purposes.  Lessee shall have no responsibility for
disbursement  or  distribution  of  any  payment  after receipt by the described
payee.  At  the  time  Lessee  pays the Royalty, Lessee shall deliver to Owner a
statement  which  shows the amount of the Royalty due and the manner in which it
was  determined  and  shall  submit to Owner data reasonably necessary to enable
Owner  to  verify  the  determination.

          4.E. PAYMENT  CREDITS.  The  Minimum  Payments paid by Lessee to Owner
shall  be credited cumulatively to Lessee's account and against Lessee's Royalty
payment obligations to Owner, whether Royalty payment obligations  accrue in the
same  or  subsequent  years  during  the term of the Agreement as payment of the
Minimum  Payments.  No Royalty payment obligation shall accrue until all Minimum
Payments  previously  paid  to  Owner are credited in full.  The right to credit
Minimum  Payments  shall  expire  upon  termination  of  this  Agreement.

     5.     COMPLIANCE  WITH  THE  LAW.  All  exploration  and  development work
performed  by  Lessee  during  the term of this Agreement shall conform with the
applicable  laws  and regulations of the state in which the Property is situated
and  the  United  States  of  America.  Lessee  shall  be  fully responsible for
compliance  with  all  applicable Federal, state and local reclamation statutes,
regulations  and  ordinances  relating  to  such work, all at Lessee's cost, and
Lessee  shall  save,  defend, indemnify and hold harmless Owner from any and all
claims,  assessments, fines and actions arising from Lessee's failure to perform
the  foregoing  obligations,  including  reimbursement  to  Owner  of reasonable
attorney  fees expended by Owner arising from such claims or liabilities.  Owner
agrees  to  cooperate  with  Lessee  in  Lessee's  application  for governmental
licenses,  permits  and  approvals, the costs of which shall be borne by Lessee.

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     6.     MINING  PRACTICES;  INSPECTION  OF  DATA.

          6.A. MINING  PRACTICES.  Lessee  shall  conduct  all
activities  on  the  Property  in  a  good  and  miner-like  fashion.

          6.B. INSPECTION  OF  DATA.  During  the  term of this Agreement and at
Owner's  expense,  Owner shall have the right to examine noninterpretive factual
data  regarding  the  Property in Lessee's possession during reasonable business
hours  and  upon prior notice, provided, however, that Owner's rights to examine
such  data  shall  be  exercised  in a manner such that such inspection does not
unduly  interfere  with  the  operations  of  Lessee.

          6.C. MEASUREMENTS;  ANALYSIS.  Lessee  shall measure Ore and grade and
take and analyze samples in accordance with mining industry practices, and shall
keep  accurate records as a basis for computing the production royalty payments.
These records shall be available for inspection by Owner, at Owner's expense, at
reasonable times subject to the provisions of this Agreement regarding accounts,
inspection,  records  and  payments.

          6.D. PRODUCTION  RECORDS.  Lessee  shall  keep accurate records of the
sale  or  shipment  of  Product  from  the  Property, and these records shall be
available  for  inspection  by  Owner,  at  Owner's expense, at reasonable times
subject  to  the  provisions  of  this Agreement regarding accounts, inspection,
records  and  payments.

          6.E. LESSEE'S  PROPRIETARY  INTERPRETATION.  Owner  acknowledges that,
based  upon  information  made available by Owner or third parties to Lessee and
Lessee's examination of the Property with the permission of Owner, and data from
work  on  property  Lessee  controls in the vicinity of the Property, Lessee has
conducted  its own evaluation of the Property and has developed its own theories
and  interpretations  regarding  the  Property  that  are  regarded by Lessee as
confidential  and/or  proprietary to Lessee and which have not been disclosed to
Owner.  Owner  agrees that in entering into this Agreement, It is not relying on
Lessee  to  disclose  any  such  theories, interpretations, evaluations or data.

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     7.     CONSOLIDATION  OF  OPERATIONS.

          7.A. CROSS MINING. Lessee is granted the right to mine and remove Ore,
Minerals, Product and materials from the Property through or by means of shafts,
openings  or  pits  which  may  be in or upon adjoining or nearby lands owned or
controlled  by Lessee.  Lessee may use the Property and any shafts, openings and
pits on the Property for the exploration for or development of, mining, removal,
treatment  and  transportation  of  ores  and materials from adjoining or nearby
lands, or for any purpose connected with such activities.  Lessee shall have the
right  to  treat  or  process,  in  any  manner  allowed by this Lease, any Ore,
Minerals,  material  and  products  mined or produced from the Property and from
other  lands.  Such  treatment  may be conducted wholly or in part at facilities
established  or  maintained on the Property or on other lands.  The tailings and
residue  from  such  treatment shall be deemed Waste and may be deposited on the
Property  or  on other lands, and Lessee shall have no obligation to remove such
Waste  from  the Property nor to return to the Property Waste resulting from the
processing  of  Ores  or  materials  from  the  Property,  unless reclamation in
accordance  with  applicable  laws and regulations requires removal or return of
such  waste.

          7.B. UNITIZATION.  Lessee's  operations  on  the  Property  and  its
operations  on  other  lands may be conducted upon the Property and upon any and
all  such  other lands as a single exploration or mine development operation, to
the  same  extent  as if all such properties constituted a single tract of land.

          7.C. BOUNDARY  AREAS.  Subject  to  Lessee's  reclamation obligations,
Owner waives all rights, statutory and otherwise, to require  Lessee to maintain
adjacent  support for the Property and any contiguous property owned, leased, or
controlled by Lessee or any other party.  Owner waives any right which Owner may
have  to  restrict or to prohibit Lessee from mining within any minimum distance
of  any  boundary line of the Property and contiguous lands and grants to Lessee
the  authority  to  act  as  Owner's  agent  and  representative  to  enter into
agreements with the owners of contiguous properties so as to allow mining of all
Ores  located on, near or under the boundary of the Property.  Owner agrees that
Lessee's  obligations  to  account  for  and  to pay the Royalty shall apply and
extend only to Minerals and Ores produced from within the vertical planes of the
exterior  boundaries  of  the  Property  extended  downward to the center of the
earth.

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          7.D. STOCKPILING  PRODUCT.  Where  possible,  Lessee  shall  stockpile
product or low grade-ore on the Property and shall only stockpile such materials
off  the  Property  with  adequate  prior  arrangements  with Owner to safeguard
Owner's  Royalty  interest  in  the  severed  materials.  Such  safeguards shall
include  an  accurate  inventory  and accounting of all materials stockpiled off
Owners's  property,  the  location  of the stockpiles, and protection of Owner's
rights  to  access  the  stockpiles  and  inspect same and protection of Owner's
rights  to  receive its Royalty from any sale of the stockpiled material whether
such  be  Net  Smelter  Returns and whether same occur after termination of this
Agreement  or  before.

          7.E. COMMINGLING.  Lessee  shall  have the right to commingle Ore from
the  Property  with ore from other properties.  Before commingling, the Ore from
the Property and other ore shall be measured and sampled by Lessee in accordance
with  sound  mining  and metallurgical practices.  Representative samples of Ore
and other ores shall be retained by Lessee, and assays of these samples shall be
made  before  commingling  to  determine  the metal content of each ore.  Lessee
shall  keep  records of the measurements, samples and assays of metal content of
the  Ore  and  other  ore.

          7.F. TREATMENT.  Lessee  shall  have  the  right,  but  shall  not  be
required, to beneficiate, concentrate, smelt, refine, leach and otherwise treat,
in  any  manner,  any  Ore,  Product  and  materials  mined or produced from the
Property  and  from  other  lands.  Such treatment may be conducted wholly or in
part  at a plant or plants established or maintained on the Property or on other
lands.

     8.     LIENS  AND NOTICES OF NON-RESPONSIBILITY.  Except for mechanics' and
materialmen's liens discharged in the ordinary course of business, Lessee agrees
to  keep  the  Property  at  all  times free and clear of all liens, charges and
encumbrances  of  any  and  every nature and description done, made or caused by
Lessee,  and  to  pay all indebtedness and liabilities incurred by or for Lessee
which  may  or  might  become a lien, charge or encumbrance against the Property
before  such  indebtedness  and  liabilities  shall  become  a  lien,  charge or
encumbrance.  If  Lessee,  in good faith disputes or contests a mechanic's lien,
Lessee  shall  post an applicable bond to substitute for the lien as provided in
NRS  Ch.  108,  and Lessee shall save, defend, with counsel  of Lessee's choice,
and  hold  harmless  Owner against all liability arising therefrom.  The parties
agree  that  Owner  shall  be  informed  immediately  of  the  execution of this
Agreement  by Lessee in order that Owner can properly and timely record a notice
of  non-responsibility  in  the  office  of the county recorder of the county in
which  the  Property  is  located.

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     9.     TAXES.

          9.A. PROPERTY  TAXES. During the life of this Lease, the parties shall
apportion  the  real  property  taxes  as  follows:

     Owner  shall  be responsible to pay ad valorem property taxes or the amount
thereof as they accrue to the property in its present use, condition and rate of
assessment.  Lessee  shall pay  the increased amount of ad valorem taxes arising
from  any  and  all improvements to the Property caused by Lessee, including any
deferred  taxes  due  upon  conversion  of  all  or  part  of the Property  from
Agricultural  to  a  higher  use,  as  provided  in  NRS  Chapter  361A.

     Each  party  shall  pay  all  taxes  assessed against such party's personal
property,  improvements  or  structures  placed  or  used  on  the  Property.

          9.B. INCOME  TAXES. Neither party shall be liable for any taxes levied
on  or  measured  by  income or proceeds, or other taxes applicable to the other
party,  based upon payments under this Agreement or based upon the production of
Minerals,  Ore or Product from the Property.  Each of Owner and Lessee shall pay
net  proceeds  of  mines taxes assessed against such party's respective share of
production  of  Minerals,  Ores  or  Product  from  the  Property as provided by
applicable  law.

          9.C. PROTEST  OF  TAX.  Lessee  shall have the right to protest in the
courts or otherwise the validity or amount of any taxes or assessments levied or
assessed  upon  or  against  Lessee, the Property or Minerals, Ore or Product if
Lessee  deems  the  same to be unlawful, unjust unequal or excessive, or to take
such  other  steps  or  proceedings  as  it  may  deem  necessary  to  secure  a
cancellation,  reduction,  readjustment,  or equalization before Lessee shall be
required  to  pay  the  same.  Notwithstanding  the foregoing, neither Owner nor
Lessee shall permit or suffer the Property or any part thereof, or any Minerals,
Ore or Product mined or produced therefrom, to be liened or sold at any time for
such  taxes  or  assessments.

                                                                 Page -11 of 21-
<PAGE>

     10.     INDEMNITY.  Lessee shall defend, indemnify and save harmless Owner,
its affiliates, officers, directors, employees, successors and assigns, from any
and all liability whatsoever for any claims, actions or damages, including court
costs  and  reasonable  attorney's  fees, in any way arising from or relating to
Lessee's  occupation, ownership and use of the Property, or its operations on or
in  the  Property.  Owner shall defend, indemnify and save harmless Lessee, it's
affiliates, officers, directors, employees, successors and assigns, from any and
all  liability  whatsoever  for  any claims, actions or damages, including court
costs  and  reasonable  attorney's  fees, in any way arising from or relating to
Owner's  occupation,  use  of  the  Property,  or  its  operations  on or in the
Property.  The  parties'  defense, indemnification and hold harmless obligations
shall  extend to and include, but not be limited to, any and all claims, actions
or damages arising from or relating to federal, state or local laws, regulations
or  ordinances  concerning the preservation of the environment or reclamation of
the  Property,  including the Comprehensive Environmental Response, Compensation
and  Liability Act and the Resource Conservation and Recovery Act and the Nevada
Mined  Land  Reclamation  Act,  and shall survive termination of this Agreement.

     11.     INSPECTION.  If  active  mining  activities are taking place on the
Property,  at  Owner's  expense  and  on  Owner's reasonable advance request and
notice  to  Lessee,  Owner  or  Owner's duly authorized representatives shall be
permitted  to  inspect Lessee's workings at reasonable times, but shall do so at
their  own  risk  and  in such a manner as not to unreasonably delay, hinder, or
interfere with the operations of Lessee.  Owner shall defend, indemnify and hold
Lessee harmless from any and all liability whatsoever, including court costs and
reasonable  attorney fees, for damages, claims or demands arising from injury to
Owner,  Owner's agents or representatives or any third party, on the Property or
on  any  access  to  the  Property arising from or relating to Owner's entry and
inspection.  Nothing  herein  shall  be  construed  to  abridge  Owner's use and
enjoyment  of  the  Property  to  the  extent that Owner does not interfere with
Lessee's  activities  or  operations  under  this  Agreement.

     12.     REPRESENTATION  OF  TITLE.  Owner represents to the best of Owner's
knowledge  that:  (a)  Owner  has  good and marketable title to an undivided one
hundred  percent  (100%)  legal and equitable interest in the mineral estate and
one  hundred  percent  (100%)  of the surface estate of the fee lands comprising
part  or  all of the Property; (b)  Owner has good right and full title to lease
the  effective  interest  described  in this Agreement; and (c) the title to the
surface  and  mineral  estate  of  the fee lands is free and clear of all liens,
claims and encumbrances created by, through or under Owner, except to the extent
of  such  lien,  if  any,  arising  from  loans, if any, which Owner may have in
connection  with Owner's ranching operations.  Lessee understands that Owner has
not  caused  or  conducted  any mineral title research of Owner's mineral estate
ownership  in  the  Property.

     13.     REMEDIES  FOR  DEFECTS  IN  TITLE.

          13.A. LESSER INTEREST. If Owner owns an interest in the mineral estate
of  the  fee  lands  which  constitute  the  Property which is less than the one
hundred percent (100%) undivided interest in the mineral estate of the fee lands
which  constitute  the Property, the Minimum Payments and Royalty payments shall
be  reduced  proportionately in accordance with the nature and extent of Owner's
interest  so  that  the  Minimum  Payments and Royalty payments shall be paid to
Owner  only  in  the  proportion  that  Owner's interest bears to the entire and
undivided  interest  in the mineral estate of the fee lands which constitute the
Property.  Owner  shall  not  be  obligated to reimburse Lessee for any payments
proportionately  in  excess  of  Owner's  actual  undivided  interest;  provided
however,  that  Lessee  shall  be  entitled  to  credit any such excess payments
against  future  Minimum  Payments  or  Royalty  Payments  obligations.

                                                                 Page -12 of 21-
<PAGE>

          13.B.  LESSER INTEREST BROUGHT TO 100%. It is the understanding of the
parties  that  Lessee  is  leasing  from  Owner  an undivided one hundred (100%)
percent mineral interest.  Therefore, if Owner is determined to own less than an
undivided  one  hundred  percent  mineral  interest,  and  if Owner subsequently
acquires additional interest, bringing Owner's undivided interest to one hundred
percent,  then  that additional, subsequently-acquired interest shall be part of
this  Agreement  with  no requirement that Lessee pay greater Minimum or Royalty
payments  therefor.

          13.C. ESCROW OF PAYMENTS PENDING DISPUTE. If at any time a third party
asserts a claim of ownership in the Property or the Minerals which is adverse to
the  interest  of  Owner or Lessee, or if Lessee is advised by legal counsel for
Lessee  that  it  appears  that  a third party may have such a claim, Lessee may
deposit  any payments which would otherwise be due to Owner into escrow and give
notice  of  such  deposit  to  Owner.  The escrow will be mutually determined by
Owner and Lessee and jointly instructed by them in a manner consistent with this
section.  Such  deposits  shall  remain  in  escrow  until  Lessee  is furnished
reasonably  satisfactory evidence that such dispute has been finally settled and
all  provisions  as  to  keeping  this  Agreement  in force shall relate to such
extended  time  for  payment.

     14.     COVENANTS,  WARRANTIES  AND  REPRESENTATIONS.  Each  of the parties
covenants,  warrants  and  represents  for  itself  as  follows:

          14.A.  COMPLIANCE WITH LAWS. That it has complied and will comply with
all  applicable laws and regulations of any governmental body, federal, state or
local,  regarding  the  terms  and  performance  of  its  obligations under this
Agreement.

          14.B.  NO  PENDING  PROCEEDINGS.  That  there  are  no  lawsuits  or
proceedings  pending or threatened which affect its ability to perform the terms
of  this  Agreement.

                                                                 Page -13 of 21-
<PAGE>

          14.C.  AUTHORITY.  That  it has the full right, title and authority to
enter  into  this  Agreement  and  to  perform its obligations, and neither this
Agreement,  nor  its  performance,  violates  or constitutes a default under the
provisions  of  any  other  agreement  to  which it is a party or to which it is
bound.

          14.D.  COMMISSIONS;  FINDER'S  FEES.  That  it  has  not  utilized the
services  of  a  broker  or a finder in the negotiation and/or execution of this
Agreement,  and  that  it  has  not  incurred  any  obligation to pay a broker's
commission  or  finder's  fee  upon  the  execution  and  consummation  of  this
Agreement.

          14.E.  COSTS.  That it shall pay all costs and expenses incurred or to
be incurred by it in negotiating and preparing this Agreement and in closing and
carrying  out  the  transactions  contemplated  by  this  Agreement.

     15.     OWNER'S  COVENANTS;  REPRESENTATIONS.  Owner  covenants, represents
and  warrants  as  follows:

          15.A.  NONINTERFERENCE.  Owner  covenants  that  Owner  will not do or
permit  to  be done any act which would hinder or impair the rights of Lessee to
exercise  any  right  granted  to  Lessee under this Agreement or to acquire all
right,  title  and interest in and to the Property.  Owner acknowledges that the
rights granted to Lessee under this Agreement are exclusive to Lessee, and Owner
covenants  that Owner will not enter into any agreement, contract, lease, option
or  other  instrument  for the grant to any other party of any rights to explore
for,  develop  or  mine  any  Minerals  on  the  Property.

          15.B ESTOPPEL  CERTIFICATE. Provided that Lessee is in full compliance
with  its  obligations under this Lease, on Lessee's written request, Owner will
execute  and  deliver  to  Lessee an estoppel certificate, in form acceptable to
Lessee,  whereby  Owner confirms that this Agreement is in full force and effect
and  that  there  are  no  defaults  by  Owner  or  Lessee under this Agreement.

                                                                 Page -14 of 21-
<PAGE>

          15.C.  ENVIRONMENTAL  CONDITIONS.  Owner  is  not  aware of nor has it
received  notice  from  any governmental agency of any condition existing on the
Property  or created by Owner which is or might be a violation of any applicable
federal,  state  or local law, regulation or ordinance relating to environmental
protection.

          15.D.  NON-FOREIGN  STATUS. Owner is not a "foreign person" as defined
under Sec.1445(f) of the Internal Revenue Code.  At Lessee's request Owner shall
furnish Lessee an affidavit confirming its non-foreign status in such form as is
reasonably  required  by  Lessee.

     16.     SURRENDER  AND  TERMINATION.

          16.A.  TERMINATION  BY  OWNER. In the event of any material default or
failure  by  Lessee  to comply with any of the covenants, terms or conditions of
this  Agreement,  including  without  limitation,  the timely payment of Minimum
Payments  and  Royalty  Payments, Owner shall be entitled to give Lessee written
notice  of  the default which specifies details of the alleged default.  If such
default  is  not  remedied  within thirty (30) days after receipt of the notice,
provided the same can reasonably be done within that time, or, if not, if Lessee
has  not  within  that  time commenced action to cure the same or does not after
such  commencement  diligently  prosecute  such  action to completion, Owner may
terminate  this  Agreement by delivering notice to Lessee of Owner's termination
of  this Agreement.  Termination shall not be based on a default or on a failure
to remedy the same which results from any cause beyond the reasonable control of
Lessee,  including,  without  limitation,  the  force majeure provisions of this
Agreement.  If  Lessee  contests  in  good faith any alleged default, Lessee may
give  written  notice  of  such  contest  to Owner during the period allowed for
Lessee's  cure  of  any  alleged  default.

          16.B.  TERMINATION  BY LESSEE. Lessee may at any time prior to one (1)
month  in  advance  of  the  anniversary  of  the  Effective Date terminate this
Agreement  by  giving  written  notice  to  Owner.  On delivery of the notice of
termination, Lessee shall execute and deliver to Owner a written release of this
Agreement  in  proper  form  for  recording.  No  termination  notice  shall  be
effective  unless notice is timely and a proper, recordable, release document is
tendered  with  the  termination  notice.  If  Lessee  properly  terminates this
Agreement, Lessee shall not be required to pay the Minimum Payments which accrue
or  come  due  after  the  termination  date.

          16.C.  PARTIAL  SURRENDER  OF  PROPERTY.  During  the  term  of  this
Agreement,  Lessee  may  at  any  time  prior to one (1) month in advance of the
anniversary  of  the  Effective  Date,  surrender  any part of the Property.  If
during  the  term of this Agreement, Lessee intends to surrender any part of the
Property, it shall give written notice to Owner.  On such surrender, the Minimum
Payments will be adjusted to reflect the decrease in the number of Mineral Acres
which  constitute  the  Property,  and  such  adjusted Minimum Payments shall be
effective  in  the  Lease  Year  following  the  Lease  Year during which Lessee
surrenders  part  of  the  Property.  Notice  of  partial  surrender  shall  be
ineffective unless it is timely given and is accompanied by a recordable partial
release of Lessee's interest for recording in the appropriate recorder's office.

                                                                 Page -15 of 21-
<PAGE>

          16.D.  ENTRY  AFTER  TERMINATION.  Lessee  shall  have one hundred and
twenty  (120)  days  after  termination  of  this  Agreement, to remove from the
Property  all  buildings, structures and equipment.  Failure by Lessee to remove
all  equipment  and  structures  except  those  expressly waived by Owner, shall
result  in  presumed  damage to Owner calculated on the basis of the actual cost
incurred  by Owner to remove such equipment or structures.  After termination of
this  Agreement,  Lessee  shall have the right to enter on the Property, without
obligation  to  pay  any  payments  to Owner or to perform any other obligations
under  this Agreement for the purpose of reclamation, remediation or restoration
of  the  Property as required under any applicable federal, state or local laws,
regulations  or  ordinances. The parties' obligations and liabilities under this
Paragraph  shall  survive  termination  of  the  Lease.

          16.E.  DATA  FROM LESSEE. Owner shall have the right to request copies
of  all  noninterpretive  factual  data  regarding  the  Property  in  Lessee's
possession  at  the  time  of termination which have before termination not been
delivered  to  Owner.  Owner  shall  have  the  right  to request copies of such
non-interpretive  factual data once during each calendar year during the term of
this  Agreement.

          16.F.  DATA FROM OWNER. During the term of this Agreement, at Lessee's
request, Owner agrees to make available to Lessee all data in Owner's possession
relating  to  title  to  the  Property or to any aspect of subsurface or mineral
information  pertaining to the Property.  At Lessee's request, Owner will assign
to  Lessee  Owner's  rights  to  inspect or obtain such data from third parties.

                                                                 Page -16 of 21-
<PAGE>

     17.     FORCE  MAJEURE.  The respective obligations of either party, except
Lessee's  obligation  to pay the Minimum Payments, shall be suspended during the
time and to the extent that such party is prevented from compliance, in whole or
in part, by war or war conditions, actual or potential, earthquake, fire, flood,
strike,  labor stoppage, accident, riot, unavoidable casualty, act or restraint,
present  or future, of any lawful authority, statute, governmental regulation or
ordinance,  environmental  restrictions  or  conditions,  permit  or  license
approvals,  act  of God, act of public enemy, delays in transportation, or other
cause  of  the  same  or  other  character beyond the reasonable control of such
party.

     18.     MEMORANDUM  OF  AGREEMENT.   At Lessee's expense, upon execution of
this  Agreement,  the  parties  shall  execute  and deliver a short form of this
Agreement  which  shall be recorded in the office of the recorder of each county
in which all or part of the Property is located.  The execution and recording of
the  Memorandum  of  Agreement shall not limit, increase or in any manner affect
any  of  the  terms of this Agreement, or any rights, interest or obligations of
the  parties,  nor shall it disclose the business terms of this Agreement.  This
Agreement  in  its  entirety  shall  not  be  recorded.

     19.     RELATIONSHIP  OF  THE  PARTIES.

          19.A.  LIMITATION.  Lessee's performance of its duties and obligations
under  this  Agreement  shall  not  obligate  Lessee  to  perform any additional
services to Owner nor to invest any funds in the exploration for, development or
production of minerals on or under the Property, except as expressly provided in
this  Agreement.  Lessee  may  explore,  conduct  geological,  geochemical  and
geophysical  investigations, sample, drill or otherwise explore for minerals, in
the  manner  and  to  the  extent  that  Lessee,  in  its sole discretion, deems
advisable.  Only  the express duties and obligations described in this Agreement
are  binding  upon  Lessee, and, except as expressly provided in this Agreement,
Lessee  shall  have  no  duties or obligations, implied or otherwise, to explore
for,  develop  or  mine Minerals or Ores from the Property, it being agreed that
Lessee's  minimum  payments  are  in  lieu of any implied duties or obligations.

          19.B. NO PARTNERSHIP. This Agreement shall not be deemed to constitute
any  party,  in its capacity as such, the partner, agent or legal representative
of  any  other  party,  or  to  create  any  joint  venture, partnership, mining
partnership or other partnership relationship, or fiduciary relationship between
them,  for  any  purpose.

          19.C.  COMPETITION.  Except  as  expressly provided in this Agreement,
each party shall have the free and unrestricted right independently to engage in
and  receive  the  full  benefits  of any and all business endeavors of any sort
whatsoever  outside  the Property or outside the scope of this Agreement whether
or  not competitive with the endeavors contemplated under this Agreement without
consultation  with  or  participation of the other party. In particular, without
limiting  the  foregoing,  neither  party  to  this  Agreement  shall  have  any
obligation  to  the  other as to any opportunity to acquire any interest, money,
property  or  right  offered  to  it  outside  the  scope  of  this  Agreement.

                                                                 Page -17 of 21-
<PAGE>

     20.     ASSIGNMENT  BY  LESSEE.  Lessee shall be at liberty at any time and
from  time to time, to assign, dispose of or transfer this Agreement or any part
of  its  interest  herein  to  an  assignee  with  market capitalization (shares
outstanding times share price) of $75 million or greater.  If Lessee assigns its
interest  under  this  Agreement,  it  shall  be  relieved of any obligations or
liabilities  under  this  Agreement which accrue after the effective date of the
assignment, provided that the instrument of assignment obligates the assignee to
assume  all  of Lessee's obligations or liabilities under this Agreement and the
assignee  executes and delivers the instrument of assignment which contains such
terms.  For  proposed  assignees  with  a market capitalization of less than $75
million,  no assignment will be effective unless thirty (30) days written notice
is  first  provided  to  Owner, and Owner consents in writing to the Assignment.
Owner's  consent will not be unreasonably withheld, but it may be based upon the
financial stability of the proposed assignee, and the ability of the assignee to
perform  all  Lessee's  obligations  under  this  Agreement.

     21.     ASSIGNMENT  BY  OWNER.  Owner  may  transfer  its  interest  in the
Property.  No  change  in  ownership  of  Owner's  interest in the Royalty shall
affect Lessee's obligations under this Agreement unless and until Owner delivers
and  Lessee receives copies of instruments recorded or other documents necessary
to  demonstrate  the  change in ownership of Owner's interest.  No other type of
notice,  whether  actual  or  constructive,  shall  be binding on Lessee.  Until
Lessee  receives Owner's notice and a copy of the instrument of transfer, Lessee
may  continue  to  make all payments payable under this Agreement to Owner as if
the  transfer  of  Owner's  ownership interest had not occurred.  No division of
Owner's  ownership  as to all or any part of the Property shall enlarge Lessee's
obligations  or  diminish  Lessee's  rights  under  this  Agreement.

     22.     NOTICES.  Any  notices  required  or authorized to be given by this
Agreement  shall  be  in written form.  Any notices required or authorized to be
given  by this Agreement may be sent by  certified delivery, postage prepaid and
return receipt requested, addressed to the proper party at the following address
or  such  address  as  the  party  shall have designated to the other parties in
accordance with this Section.  Any notice required or authorized to be delivered
by  this Agreement shall be deemed to have been sufficiently delivered or served
in written form if: (a)  mailed in accordance with this Section; (b)  personally
delivered  to  the  proper  party;  or  (c)  facsimile  or  other  electronic
transmission  and  actually  received  by  such  party.  In the case of mailing,
delivery  of notice shall be effective on the third business day after the party
deposits  the  notice  for  mailing  with  the  United  States  Postal  Service.

                                                                 Page -18 of 21-
<PAGE>

     If  to  Owner:   Mr.  and  Mrs.  Pete  Tomera
                      Julian Tomera Ranches, Inc., Battle Mountain Division
                      P. O. Box 276, Battle Mountain, Nevada 89820

     If  to  Lessee:  Mr.  Kenneth  N.  Tullar,  Manager
                      Pediment  Gold,  LLC
                      Sixth  Floor,  Ste.  9
                      One  East  Liberty  St.
                      Reno,  Nevada  89504

     23.     BINDING  EFFECT  OF  OBLIGATIONS.  This  Agreement shall be binding
upon and inure to the benefit of the respective parties and their successors and
assigns.

     24.     WHOLE  AGREEMENT.  This  Agreement  supersedes all prior agreements
between the parties.  The whole agreement between the parties is written in this
Agreement  and in a memorandum of agreement of even date which is intended to be
recorded.  There  are  no  terms  or  conditions, express or implied, other than
those  expressly  stated  in  this  Agreement.  This Agreement may be amended or
modified  only  by an instrument in writing, signed by the parties with the same
formality  as  this  Agreement.

     25.     GOVERNING  LAW  AND  FORUM  SELECTION.  This  Agreement  shall  be
construed  and enforced in accordance with the laws of the State of Nevada.  The
parties submit to the jurisdiction of the Nevada District Court for the District
in  which the Property is situated and hereby agree that  such court is the sole
forum  and  venue  for  actions  arising  under  this  Agreement.

     26.     SEVERABILITY.  If  any part, term or provision of this Agreement is
held  by a court of competent jurisdiction to be illegal or in conflict with any
law of the United States or any state, the validity of the remaining portions or
provisions  shall not be affected, and the rights and obligations of the parties
shall  be  construed  and  enforced  as  if  the  Agreement  did not contain the
particular  part,  term  or  provision  held  to  be  invalid.

     27.     ATTORNEY'S  FEES AND COSTS.  If any action or proceeding, including
an  action  for  declaratory relief, is commenced by one party against any other
party  to  this Agreement, the party prevailing in such proceeding or action, as
determined by final judgment in any such proceeding or action, shall be entitled
to  such  party's costs incurred, including reasonable attorney's fees and court
costs.

                                                                 Page -19 of 21-
<PAGE>

OWNER:
JULIAN  TOMERA  RANCHES,  INC.,  BATTLE  MOUNTAIN  DIVISION

By: /s/ Peter M. Tomera                       Dated 9-16-04
   ---------------------------------          -----------------------
   PETER  M.  TOMERA,  President

By: /s/ Lynn Tomera                           Dated 9-16-04
   ---------------------------------          -----------------------
   LYNN  TOMERA,  Secretary

LESSEE:
PEDIMENT  GOLD  LLC

Nevada Gold Exploration Solutions, LLC
Operator of Pediment Gold LLC

By: /s/ Wade A. Hodges                        Dated 9-16-04
   ---------------------------------          -----------------------
   Wade  A.  Hodges,  Director

AND

Battle Mountain Gold Exploration LLC
Member of Pediment Gold LLC

By: /s/ Jim E. McKay                          Dated 16 Sep 2004
   ---------------------------------          -----------------------
   Jim E. McKay, President
   Battle Mountain Gold Exploration LLC
                                                                 Page -20 of 21-
<PAGE>

                                    EXHIBIT A
                                    PROPERTY
                                    --------

The  following  described  lands  located  in  Humboldt  County,  Nevada:

                      Township 34 North, Range 43 East, MDM
                  -------------------------------------------

              Section 2: SW1/4; S1/2NW1/4; S1/2SE1/4; NW1/4/SE1/4.
              Section 10: All, excepting SW1/4SW1/4.
              Section  11:  All.
              Section  14:  All,  excepting  SW1/4SW1/4.
              Approximately  2,224.80  Acres

                                                                 Page -21 of 21-
<PAGE>INDEMNIFICATION AGREEMENT

INDEMNIFICATION AGREEMENT

CHYRON CORPORATION (NEW YORK)

 AGREEMENT, effective as of October 1, 2004, between Chyron Corporation, a New York corporation (the "Company"), and Kevin Prince (the "Indemnitee").

 WHEREAS, it is essential to the Company to retain and attract as directors and officers the most capable persons available; and

 WHEREAS, Indemnitee is a director or officer of the Company; and

 WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of public companies in today's environment; and

 WHEREAS, the By-Laws of the Company provide indemnity protection in the Indemnitee;

 WHEREAS, this Agreement satisfies the provisions of § 721 of the New York Business Corporation Law ("BCL"); and

 WHEREAS, in recognition of the fact that the Indemnitee continues to serve as a director or officer of the Company in part in reliance on the aforesaid By-Laws and Indemnitee's need for substantial protection against personal liability in order to enhance Indemnitee's continued service to the Company in an effective manner, and in part to provide Indemnitee with specific contractual assurance that the protection promised by such By-Laws will be available to Indemnitee (regardless of, among other things, any amendment to or revocation of such By-Laws or any change in the composition of the Company's Board of Directors or any acquisition transaction relating to the Company), and due to the potential inadequacy of the Company's directors' and officers' liability insurance coverage, the Company wishes to provide in this Agreement for the indemnification of, and the advancing of expenses to, Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained, for the continued coverage of Indemnitee under the Company's directors' and officers' liability insurance policies;

 NOW, THEREFORE, in consideration of the premises and of Indemnitee continuing to serve the Company directly or, at its request, with another enterprise, and intending to be legally bound hereby, the parties hereto agree as follows:

1. Certain Definitions.

(a) Approved Law Firm: shall mean any law firm (i) located in New York City and (ii) rated "av" by Martindale-Hubbell Law Directory.

 (b) Board of Directors: shall mean the Board of Directors of the Company.

(c) Change in Control: shall be deemed to have occurred if (i) any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than any stockholder (and/or affiliate of such stockholder) on the date of this Agreement or a trustee or other fiduciary holding securities under an employee benefit plan of the Company in substantially the same proportions as their ownership of stock of the Company, is or becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly of securities of the Company representing 15 percent or more of the total voting power represented by the Company's then outstanding Voting Securities (such person being hereinafter referred to as an "Acquiring Person"), or (ii) during any 24-consecutive-month period, individuals who at the beginning of such period constitute the Board of Directors of the Company and any new director whose election by the Board of Directors or nomination for election by the Company's shareholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the shareholders of the Company approve a merger or consolidation of the Company with any other corporation, other than  a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entry) at least 80 percent of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or (iv) the shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company's assets.

(d) Claim: shall mean any threatened, pending or completed action, suit or proceeding, or any inquiry or investigation, whether conducted by the Company or any other party, that Indemnitee in good faith believes might lead to the institution of any such action, suit or proceeding, whether civil, criminal, administrative, investigative or other.

(e) Expenses: shall include attorneys' fees and all other costs, expenses and obligations paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness in or participate in, any Claim relating to any Indemnifiable Event, together with interest, computed at the Company's average cost of funds for short-term borrowings, accrued from the date of incurrence of such expense to the date Indemnitee receives reimbursement therefor.

(f) Indemnifiable Event: shall mean any event or occurrence related to the fact that Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or is or was serving at the request of the Company as a director, officer, employee, trustee, agent or fiduciary of another corporation of any type or kind, domestic or foreign, partnership, joint venture, trust, employee benefit plan or other enterprise, or by reason of anything done or not done by Indemnitee in such capacity.  Without limitation of any indemnification provided hereunder, an Indemnitee serving (i) another corporation, partnership, joint venture or trust of which 10 percent or more of the voting power or residual economic interest is held, directly or indirectly, by the Company, or (ii) any employee benefit plan of the Company or any entity referred to in clause (i), in any capacity shall be deemed to be doing so at the request of the Company.

(g) Reviewing Party: shall be (i) the Board of Directors acting by quorum consisting of directors who are not parties to the particular Claim with respect to which Indemnitee is seeing indemnification, or (ii), if such a quorum is not obtainable or, even if obtainable, if a quorum of disinterested directors so directs, (A) the Board of Directors upon the opinion in writing of independent legal counsel that indemnification is proper in the circumstances because the applicable standard of conduct set forth in Section 2 of this Agreement and in Section 721 of the BCL has been met by the Indemnitee or (B) the shareholders upon a finding that the Indemnitee has met the applicable standard of conduct referred to in clause (ii)(A) of this definition.

(h) Voting Securities: shall mean any securities of the Company which vote generally in the election of directors.

2. Basic Indemnification Arrangement.  If Indemnitee was, is or becomes at any time a party to, or witness or other participant in, or is threatened to be made a party to, or witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify Indemnitee to the fullest extent permitted by law as soon as practicable but in any event no later than 30 days after written demand is presented to the Company, against any and all Expenses, judgments, fines (including excise taxes assessed on an Indemnitee with respect to an employee benefit plan), penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with, or in respect of, such Expenses, judgments, fines, penalties or amounts paid in settlement) of such Claim.  If so requested by Indemnitee, the Company shall advance (within two business days of such request) any and all Expenses to Indemnitee (an "Expense Advance"). Notwithstanding anything in this Agreement to the contrary, (i) Indemnitee shall not be entitled to indemnification pursuant to this Agreement if a judgment or other final adjudication adverse to the Indemnitee establishes that Indemnitee's acts were committed in bad faith or were the result of active and deliberate dishonesty and, in either case, were material to the cause of action so adjudicated, or that Indemnitee personally gained in fact a financial profit or other advantage to which Indemnitee was not legally entitled and (ii) prior to a Change in Control Indemnitee shall not be entitled to indemnification pursuant to this Agreement in connection with any Claim initiated by Indemnitee against the Company or any director or officer of the Company unless the Company has joined in or consented to the initiation of such Claim.

3. Payment.  Notwithstanding the provisions of Section 2, the obligations of the Company under Section 2 (which shall in no event be deemed to preclude any right to indemnification to which Indemnitee may be entitled under Section 723(a) of the BCL) shall be subject to the condition that the Reviewing Party shall have authorized such indemnification in the specific case by having determined that Indemnitee is permitted to be indemnified under the applicable standard of conduct set forth in Section 2 and applicable law.  The Company shall promptly call a meeting of the Board of Directors with respect to a Claim and agrees to use its best efforts to facilitate a prompt determination by the Reviewing Party with respect to the Claim.  Indemnitee shall be afforded the opportunity to make submissions to the Reviewing Party with respect to the Claim.  The obligation of the Company to make an Expense Advance pursuant to Section 2 shall be subject to the condition that, if, when and to the extent that the Reviewing Party determines that Indemnitee would not be permitted to be so indemnified under Section 2 and applicable law, the Company shall be entitled to be reimbursed by Indemnitee (who hereby agrees and undertakes to the full extent required by paragraph (a) of Section 725 of the BCL to reimburse the Company) for all such amounts theretofore paid; provided, however, that if Indemnitee has commenced legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee should be indemnified under applicable law, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed).  If there has been no determination by the Reviewing Party or if the Reviewing Party determines that Indemnitee substantively would not be permitted to be indemnified in whole or in part under applicable law, Indemnitee shall have the right to commence litigation in any court in the State of New York having subject matter jurisdiction thereof and in which venue is proper seeking an initial determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, and the Company hereby consents to service of process and to appear in any such proceeding.  Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and Indemnitee.

4. Change in Control.  If there is a Change in Control of the Company (other than a Change in Control which has been approved by a majority of the Board of Directors who were directors immediately prior to such Change in Control) then (i) all determinations by the Company pursuant to the first sentence of Section 3 hereof and Section 723(b) of the BCL shall be made pursuant to subparagraph (1) or (2)(A) of such Section 723(b) and (ii) with respect to all matters thereafter arising concerning the rights of Indemnitee to indemnity payments and Expense Advances under this Agreement or any other agreement or By-law of the Company now or hereinafter in effect relating to Claims for Indemnifiable Events (including, but not limited to, any opinion to be rendered pursuant to subparagraph (2)(A) of Section 723(b) of the BCL) the Company (including the Board of Directors) shall seek legal advice from (and only from) special, independent counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld), and who has not otherwise performed services for the Company (or any subsidiary of the Company) or the Acquiring Person (or any affiliate or associate of such Acquiring Person) within the last five years (other than in connection with such matters) or Indemnitee.  Unless Indemnitee has theretofore selected counsel pursuant to this Section 4 and such counsel has been approved by the Company, any Approved Law Firm shall be deemed to satisfy the requirements set forth above.  Such counsel, among other things, shall render its written opinion to the Company, the Board of Directors and Indemnitee as to whether and to what extent the Indemnitee would be permitted to be indemnified under applicable law.  The Company agrees to pay the reasonable fees of the special, independent counsel referred to above and to fully indemnify such counsel against any and all expenses (including attorneys' fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.  As used in this Section 4, the terms "affiliate" and "associate" shall have the respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended and in effect on the date of this Agreement.

5. Indemnification for Additional Expenses.  The Company shall indemnify Indemnitee against any and all expenses (including attorneys' fees) and, if requested by Indemnitee, shall (within two business days of such request) advance such expenses to Indemnitee, which are incurred by Indemnitee in connection with any claim asserted or action brought by Indemnitee for (i) indemnification or advance payment of Expenses by the Company under this Agreement or any other agreement or By-law of the Company now or hereafter in effect relating to Claims for Indemnifiable Events and/or (ii) recovery under any directors' and officers' liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advance expenses payment or insurance recovery, as the case may be.

6. Partial Indemnity, Etc.  If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Expenses, judgments, fines, penalties and amounts paid in settlement of a Claim but now, however, for all of the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.  Moreover, notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified, to the extent permitted by law, against all Expenses incurred in connection with such Indemnifiable Event.  In connection with any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified hereunder, the burden of proof shall, to the extent permitted by law, be on the Company to establish that Indemnitee is not so entitled.

7. No Presumption.  For purposes of this Agreement, the termination of any claim, action, suit or proceeding, whether civil or criminal, by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law.

8. Nonexclusivity, Etc.  The rights of the Indemnitee hereunder shall be in addition to any other rights Indemnitee may have under the By-laws of the Company, the BCL or otherwise.  To the extent that a change in the BCL (whether by statue or judicial decision) permits greater indemnification by agreement than would be afforded currently under the By-laws of the Company and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change.

9. Liability Insurance.  To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any director or officer of the Company.

10. Period of Limitations.  No legal action shall be brought and no cause of action shall be asserted by or on behalf of the Company or any affiliate of the Company against Indemnitee, Indemnitee's spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action, such shorter period shall govern.

11. Amendments, Etc.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto.  No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

12. Subrogation.  In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights.

13. No Duplication of Payments.  The Company shall not be liable under this Agreement to make any payment in connection with any claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, By-law or otherwise) of the amounts otherwise indemnifiable hereunder.

14. Specific Performance.  The parties recognize that if any provision of this Agreement is violated by the Company, Indemnitee may be without an adequate remedy at law.  Accordingly, in the event of any such violation, the Indemnitee shall be entitled, if Indemnitee so elects, to institute proceedings, either at law or in equity, to obtain damages, to enforce specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue.

15. Binding Effect, Etc.  This Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs, and personal and legal representatives.  This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as an officer or director of the Company or of any other enterprise at the Company's request.

16. Severability.  The provisions of this Agreement shall be severable if any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.

17. Governing Law.   This Agreement shall be governed by, and be construed and enforced in accordance with, the laws of the State of New York applicable to contracts made and to be performed in such state without giving effect to the principles of conflicts of laws.

Executed this 1st day of October, 2004

	 	 	
CHYRON CORPORATION

	 	 	 
	 	 	 
	 	
By:
	
/s/ Robert S. Matlin

	 	 	
Name: Robert S. Matlin, Esq.

	 	 	
Title:   Secretary

	 	 	 
	 	 	 
	 	 	
/s/ Kevin Prince

	 	 	
Name: Kevin Prince

	 	 	 

INDEMNIFICATION D&O-KP.doc

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