Mining Lease Agreement
This Mining Lease Agreement ("Agreement") is made and entered into by and among Bruce W. Miller,
a single man ("Owner"), and Miranda U.S.A., Inc., a Nevada corporation ("Miranda").
A. Owner owns the unpatented mining claims situated in Lander County, Nevada, which are
described in Exhibit A attached to this Agreement.
B. Owner and Miranda desire to formalize an agreement between them concerning the
unpatented mining claims.
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
1.1 "Effective Date" means the date this Agreement has been executed by all parties.
1.2 "Lease Year" means each one (1) year period beginning on the Effective Date and each
succeeding anniversary of the Effective Date.
1.3 "Minerals" means gold, silver, platinum, antimony, mercury, copper, lead, zinc, and all
other mineral elements and mineral compounds, and geothermal resources, which are contemplated to exist on
the Property or which are discovered on the Property after the Effective Date and which can be extracted, mined
or processed by any method presently known or developed or invented after the Effective Date. Minerals shall
not include metals, mineral elements or mineral compounds that are mined elsewhere or that are recovered from
mineralized material mined elsewhere and placed on the Property for leaching or other processing or otherwise
brought to the Property for processing or storage.
1.4 "Minimum Payments" means the payments payable by Miranda to Owner in accordance
with Section 5.2.
1.5 "Miranda" means Miranda U.S.A., Inc., a Nevada corporation, and its successor