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2. Royalty. For use of the land as described herein and purchase of the <br /> aggregate borrow material, the Lessee agrees to pay the Lessors the <br /> sum of for a estimated 130,000 cubic yards of <br /> aggregate borrow material (subject to permitting). The quantity of <br /> material will be determined by physical survey information taken <br /> before and after the mining of material. This survey information will <br /> be furnished to the Lessor both prior to mining beginning and regularly <br /> throughout the project and will be used to determine the cubic yards of <br /> material removed. A $3.000 deposit is to be paid in advance of <br /> operations commencing and then payments will be made monthly <br /> based on the material removed from the site. The estimated interim <br /> quantities will be paid within 30 days of removal of the material. The <br /> term of this Lease shall commence upon the 1 st of January, 2019 and <br /> run for two years from that date or until such time as the <br /> aforementioned paving project is complete. The Lessee will have the <br /> option of extending the lease and the terms thereof to other potential <br /> projects in the area through 2023. <br /> 3. Work. It is understood and agreed that all work will be done upon the Property <br /> without expense to the Lessors. All work performed by the Lessee, its independent <br /> contractors, employees, agents or others in any way related to the Property or this Lease <br /> (collectively, the "Related Parties") shall be performed in a good and workmanlike manner <br /> and otherwise pursuant to the terms hereof. <br /> 4. Environmental/Hazardous Substances. Other than as is directly related to the <br /> Borrow Operations and in compliance with all applicable Environmental Laws (defined <br /> below), Lessee shall not dispose of or otherwise introduce any Hazardous Substances on or <br /> to the Property or any real property in the vicinity of the Property. In connection with its <br /> conducting the Borrow Operations on the Property or otherwise with respect to this Lease, <br /> Lessee acknowledges, understands and covenants to Lessors that (i) none of the Property <br /> will be in direct or indirect violation of any local, state or federal law, rule or regulation <br /> pertaining to environmental regulation, contamination or clean-up (collectively, <br /> "Environmental Laws"), and (ii) none of the Property will be subject to any private or <br /> governmental lien or judicial or administrative notice or action relating to hazardous and/or <br /> toxic substances. wastes, materials, pollutants or contaminants (including, without <br /> limitation, asbestos and raw materials which include hazardous constituents) and any other <br /> substances or materials which are included under or regulated by Environmental Laws <br /> (collectively, "Hazardous Substances"). <br /> 5. Permits/ Approvals. In connection with its Borrow Operations or any other action or <br /> inaction which Lessee takes with respect or related to the Property, Lessee shall be in strict <br /> compliance with all applicable local, state and federal laws. Lessee shall be solely <br /> responsible for obtaining all required licenses, and approvals required for the Borrow <br /> Operations. Lessors agrees to use reasonable efforts to cooperate with Lessee's efforts, <br /> including execution of any required applications, requests or other matters; provided, <br /> however, it is expressly understood and agreed that Lessor shall not be required to expend <br /> any out-of-pocket costs or expenses in connection with such cooperation. <br /> 2 <br />