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<br /> (b)RENTAL CREDITS-The rental for any year will be credited compliance with terms and conditions of the leaser1
<br /> against the first royalties as they accrue under the lease during the year
<br /> for which rental was paid. While this lease remains in effect, information tained
<br /> under this section shall be closed to inspection by the lic in
<br /> Sec. 2.(a) PRODUCTION ROYALTIES-Lessee shall pay lessor a accordance with the Freedom of Information Act ( .S.C.
<br /> production royalty of 5 percent of the gross value of the output of the 552).
<br /> leased deposits at the point of shipment to market. Such production
<br /> royalty is due the last day of the month next following the month in Sec.6.WATER RIGHTS-All water rights developed by the
<br /> which the minerals are sold or removed from the leased lands, lessee through operations on the lease lands shall immediately
<br /> become the property of the lessor.Lessee shall have the right to 4
<br /> (b)MINIMUM ANNUAL PRODUCTION AND MINIMUM use those water rights free of charge for operations under this #
<br /> ROYALTY- lease.
<br /> {
<br /> (1)For the current lease period,lessee shall produce on an annual Sec. 7. CONDUCT OF OPERATIONS - (a) Lessee shall t
<br /> basis a minimum amount of 3,000 tons of sodium or related products exercise reasonable diligence,skill,and care in the operation of
<br /> on an annual basis;or the property, and shall carry on all operations, having due
<br /> regard for the prevention of injury to life,health,or property,
<br /> (2)The lessee may pay minimum royalty in lieu of production for and prevention of waste or damage or degradation to any land,
<br /> any particular lease year.Minimum royalty payments shall be credited water,or mineral resources.
<br /> to production royalties for that year only.The rate of the minimum
<br /> royalty shall be $3.00 per acre or fraction thereof, payable before (1)Lessee shall not conduct exploration or operations,other
<br /> January 1 of each year. than casual use, prior to approval of plans of exploration or z
<br /> operations by lessor and the receipt of necessary permits. i
<br /> Sec. 3. SUSPENSION - Lessee shall notify the authorized officer ?
<br /> when operations are interrupted by shrikes,the elements,or casualties (2)Lessee shall carry on all operations in accordance with
<br /> not attributable to the lessee. Upon application of lessee,lessor may approved methods and practices, and as provided in the i
<br /> approve suspension of operations under the lease when marketing operating regulations and in the approved mining plan, in a
<br /> conditions are such that the lease cannot be operated except at a loss. manner that minimizes adverse impacts to the land,air,water,
<br /> In the interest of conservation of natural resources, the lessor may cultural, biological, visual, and other resources, including
<br /> waive, suspend, or reduce rental, or minimum royalty, or reduce mineral deposits and formations of mineral deposits not leased
<br /> royalty,and may direct or assent to the suspension of operations and hereunder, and to other land uses or users.Lessee shall take
<br /> production under this lease in accordance with section 39 of the measures deemed necessary by lessor to accomplish the intent
<br /> Mineral Leasing Act,30 U.S.C.209. of this lease term. Such measures may include, but are not
<br /> limited to, modification to proposed siting or design of
<br /> Sec. 4.BONDS-Lessee shall maintain in the proper office a lease facilities,timing of operations,and specification of interim and
<br /> bond,or in lieu thereof,an acceptable statewide or nationwide bond in final reclamation procedures.
<br /> the amount of$4,937,000. The authorized officer may adjust the bond !
<br /> amount as determined appropriate for operations under this lease, (3) Lessor reserves to itself the right to lease, sell, or
<br /> Lessor shall require a lease bond sufficient to satisfy rental and royalty otherwise dispose of the surface or other mineral deposits in
<br /> payments as well as lessee's performance bond under 43 CFR 23 for the lands and the right to continue existing uses and to ;
<br /> operations and reclamation requirements in the event that lessee fails authorize future uses upon or in the leased lands, including !
<br /> to fully comply with lease terms,conditions,and stipulations. issuing leases for mineral deposits not covered hereunder and
<br /> approving of easements or rights-of-way. Lessor expressly
<br /> Sec. 5. DOCUMENTS, EVIDENCE AND INSPECTION-At such reserves the right to issue oil shale leases for all or any part of
<br /> times and in such form as lessor may prescribe, lessee shall f imish the lands subject to this lease, including the Saline Zone.
<br /> detailed statements showing the amounts and quality of all products Lessor also reserves the right to issue sodium leases for all or
<br /> removed and sold from the lease, the proceeds therefrom, and the any part of the lands subject to this lease,excluding the Saline
<br /> amount used for production purposes or unavoidably lost. Zone,giving due regard to the rights of lessee to the deposits t
<br /> leased herein. Lessor shall condition such uses to prevent
<br /> Lessee shall keep open at all reasonable times,for the inspection of unnecessary or unreasonable interference with rights of lessee `
<br /> any duly authorized officer of less,the leased premises and all surface as may be consistent with concepts of multiple use and s
<br /> and underground improvements, works, machinery, ore stockpiles, multiple mineral development. i
<br /> equipment, and all books, accounts, maps, and records relative to
<br /> operations,surveys,or investigations on or under the leased lands. (b) E ploration, Development, and Production of Leased s
<br /> Deposits and Other Operations in Oil Shale or Other Leasable �
<br /> Lessee either shall submit or shall provide less access to, and Deposits - Lessee shall not conduct exploration or mining
<br /> copying of,documents reasonably necessary to verify lessee operations that the authorized officer determines;
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