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b. A non-exclusive right of access(Easement)to and from and ingress <br /> and/or egress on, over and across Lessor's Property to and from the <br /> public road know known as County Road 213 to the Leased Premises. <br /> c. The lease,the easement and other appurtenant rights described in <br /> Paragraphs a&b above are collectively referred to herein as part of <br /> the Leased Premises. <br /> d. Exhibit A,shall include a formal survey, as prepared by a licensed <br /> surveyor that depicts the outer boundary of the Leased Premises and <br /> the areas within such that will be mined in succession("Mining <br /> Plan"). Said Mining Plan shall identify ten(10)"lots"to be mined in <br /> succession. Upon execution of this Lease, and Exhibit A hereto and <br /> incorporated by reference, the Lessor will have accepted said Mining <br /> Plan in substance and content and will have no right to further direct <br /> the Lessee's operations, whatsoever. <br /> 3. Term and Option to Extend. Unless sooner terminated as herein provided, the term of <br /> this Lease shall be for Eve (5) years, commencing as of the Effective Date (the "Initial <br /> Term"). At the expiration of the Initial Term, this Lease shall automatically expire <br /> unless the term is extended pursuant to the terms hereof. Provided Lessee is not in <br /> material default hereunder, and provided Lessor and Lessee reach agreement as to a <br /> Production Royalty rate for extension of the term, Lessee may, at its sole discretion, <br /> chose to extend the term of this Lease for up to three (3) additional terms of ten (10) <br /> years each, beyond the Initial Term, on the same terms and conditions as during the <br /> initial Term, by giving Lessor written notice of its intent to extend at least ninety (90) <br /> days prior to the end of the Initial Term. Nothing contained in the Lease shall preclude <br /> or prohibit the parties from negotiating a further or additional lease for the Leased <br /> Premises. (The Initial Term and any extensions obtained pursuant to this Section are <br /> referred to collectively as the"Term"of this Lease. <br /> 4. Termination. <br /> a. Lessor shall have the right at Lessor's option to terminate this Lease if <br /> Lessee fails to perform any of its obligations hereunder as follows: <br /> i. If Lessee fails to pay when due any amounts to be paid hereunder, <br /> Lessor may at Lessor's option give Lessee written notice of such <br /> failure and Lessee shall have fifteen (15) days from the date it <br /> receives notice to pay the amounts owed to Lessor. If Lessee fails <br /> to pay the past due amounts to Lessor within the fifteen (15) day <br /> period, Lessor may at Lessor's option declare Lessee in default and <br /> terminate this Lease. <br />