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any terms or conditions hereof or to postpone the time therefor. Lessor will at all times be entitled to <br /> look solely to Lessee or his assignee shown on Lessor's books as being sole owner hereof, and for the <br /> sending of all notices required by this Lease, for the performance of all terms and conditions hereof. <br /> If an assignment of a part of this Lease is approved, a new lease designated as an assignment <br /> lease will be issued to the assignee covering the lands assigned for the balance of the term of the base <br /> lease on the mining lease form in use at the time of assignment and limited as to term as said tease is <br /> limited. The assignor will be released and discharged from all further obligations for such lands <br /> assigned, as if the same had never been a part of this Lease. <br /> 11. ASSIGNMENT CONSIDERATION -- The consideration for approval of assignment by Lessor shall be 10%of <br /> the value of any consideration tendered to Assignor by Assignee for the assignment. Divulgence of the <br /> value of these considerations shall be mandatory, in affidavit form, which form shall be presented to <br /> Lessor along with the other assignment instruments in order to obtain Lessor's approval for the <br /> assignment. An assignment does not constitute a new lease but is a continuation of the base lease. <br /> Any attempt to withhold this information shalt be construed as an attempt to defraud the State of <br /> Colorado and shall render this lease null, void and nonexistent, and all moneys paid to Lessor shall be <br /> forfeited to Lessor. In addition, the current statutory fees will be paid at the time the assignment <br /> record form is submitted. <br /> 12. WEIGHTS -- It is agreed that all ores, minerals and other materials mined and taken from the Leased <br /> Premises shall be weighed and assayed and the weight and assay thereof shall be entered in due form <br /> in weight and assay records kept for such purposes by Lessee. <br /> Ton means 2000 pounds. Ton shalt be determined by Colorado State certified scales or other <br /> methods approved by Lessor. <br /> 13. STEWARDSHIP TRUST STIPULATION-- Lessor shall specify certain stipulations with respect to use of the <br /> surface if said surface is included in the Stewardship Trust prior to the issuance of this Lease. <br /> 14. MINING METHODS -- Only mining methods that will insure the extraction of the greatest possible <br /> amount of minerals consistent within the laws and with prevailing good mining practice shall be used. <br /> 15. OPERATION PLAN -- All plans for exploration and mining shall be submitted to Lessor for approval by <br /> Lessor before such operations begin. These plans will include, but not be limited to, location of <br /> additional roads, location of access points to the Leased Premises, and location of any cattle guards or <br /> gates. These plans shalt include provisions for control of noxious weeds on all lands disturbed by the <br /> Lessee, and along all transportation corridors used by the Lessee within the Leased Premises. <br /> 16. ENVIRONMENTAL ANALYSIS -- Lessee shall comply with all applicable federal, state, and local taws, <br /> rules, regulations, permits, codes and ordinances, including the rules, regulations and requirements <br /> of the Colorado Division of Reclamation, Mining and Safety to identify and reduce adverse impacts to <br /> the environment, and the public health, safety and welfare. Prior to any surface occupancy on the <br /> Leased Premises, Lessee must perform environmental analyses that are required by any local, state or <br /> federal agency or regulation, including, but not limited to, the study of the impacts of the mining <br /> operation on wildlife, air, water, soil, or other biological resources. Lessor may require that Lessee <br /> submit the environmental analysis, including proposed mitigation plans, for review by Lessor before any <br /> exploration or mining begins. <br /> GL 110167 Revised 9/2015 <br /> Page 5 of 13 <br />