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to the Lessor prior to approval of the assignment. <br /> 15. WEIGHTS: It is agreed that all materials mined and taken from the Leased <br /> Premises shall be weighed and assayed and the weight and assay thereof shall <br /> be entered in due form in weight and assay records kept for such purposes by <br /> Lessee. Ton means 2000 pounds. One troy ounce is equivalent to 31.1034768 <br /> grams. <br /> 16. MINING & OPERATIONS PLAN: As stated in paragraph 8, a Mining & <br /> Operations Plan detailing the orderly development of the mineral resources must <br /> be submitted to Lessor within 24 months of the effective date of this Lease. <br /> Lessor shall notify Lessee within 60 days if it finds, in its sole discretion, that the <br /> Mining & Operations Plan is inadequate. Once approved by Lessor, compliance <br /> with the Mining & Operations Plan shall be mandatory and Lessor shall review <br /> compliance annually and notice Lessee on non-compliance issues and revoke this <br /> Lease if compliance is not forthcoming within one year after notice is issued <br /> unless conditions warrant a shorter time period and that period is included in the <br /> above referenced written notice to Lessee. If the non-compliance issue requires <br /> more than one year to remedy, Lessee shall request additional time in writing <br /> and diligently pursue compliance and demonstrate such to Lessor. The Mining & <br /> Operations Plan will include, but not be limited to the following: <br /> A. Shall provide for the orderly, logical development of the Leased Premises in <br /> conjunction with the development of adjacent lands leased from the State <br /> Land Board. <br /> B. To the greatest extent practical, the Leased Premises shall be mined after <br /> the lands leased from the State Land Board. Further, to the greatest <br /> extent practical, the Leased Premises will be mined from east to west. <br /> Lessee must differentiate between those minerals mined from the Leased <br /> Premises and those minerals mined from State Land Board lands, and <br /> ensure proper accounting for minerals mined from each lease. <br /> C. A weed control plan to be approvable by Lessor that must comply with the <br /> Colorado Noxious Weed Act, § 35-5.5-101, et seq., C.R.S., as amended. <br /> D. Plans for regulatory compliance, including requirements of the Colorado <br /> Department of Public Health and Environment (CDPHE), Colorado Parks & <br /> Wildlife (CPW), U.S. Army Corps of Engineers (COE), Colorado Division of <br /> Reclamation, Mining and Safety (DRMS) and any other federal, state or <br /> local agency with jurisdiction over operations of this type, including but <br /> not limited to Lake County. <br /> E. To the greatest extent practical, the operation shall be designed to <br /> minimize visual impacts from U.S. Highway 24 and Lake County Road 10. <br /> F. Operations and reclamation shall not materially impair the use of the <br /> property as a water storage reservoir after termination of the Lease. <br /> Page 9 of 20 <br />