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If an assignment of apart of this Lease is approved, a new lease designated as an assignment lease will be <br /> issued to the assignee covering the lands assigned for the balance of the term of the base lease on the mining lease <br /> form in use at the time of assignment and limited as to term as said lease is limited. The assignor will be released <br /> and discharged from all further obligations for such lands assigned, as if the same had never been a part of this <br /> Lease. <br /> 11. ASSIGNMENT CONSIDERATION —The consideration for approval of assignment by Lessor shall be 10%of the <br /> value of any consideration tendered to Assignor by Assignee for the assignment. Divulgence of the value of these <br /> considerations shall be mandatory, in affidavit form, which form shall be presented to Lessor along with the other <br /> assignment instruments in order to obtain Lessor's approval for the assignment. An assignment does not constitute a <br /> new lease but is a continuation of the base lease. Any attempt to withhold this information shall be construed as an <br /> attempt to defraud the State of Colorado and shall render this lease null, void and nonexistent, and all moneys paid <br /> to Lessor shall be 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 Premises shall <br /> be weighed and assayed and the weight and assay thereof shall be entered in due form in weight and assay records <br /> kept for such purposes by Lessee. <br /> Ton means 2000 pounds. Ton shall be determined by Colorado State certified scales or other methods <br /> 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 amount of <br /> 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 Lessor <br /> before such operations begin.These plans will include,but not be limited to,location of additional roads, location of <br /> access points to the Leased Premises,and location of any cattle guards or gates.These plans shall include provisions <br /> for control of weeds. <br /> 16. ENVIRONMENTAL ANALYSIS -- Lessor may require that Lessee submit an environmental analysis for approval <br /> by Lessor before any exploration or mining begins. <br /> 17. RECLAMATION -- Lessee shall submit all plans for restoration and reclamation of Leased Premises to Lessor for <br /> Lessor's approval before submitting the appropriate permit or permits pursuant to the Colorado Mined Land <br /> Reclamation Act 34-32-101 ET Ste., C.R.S. 1973 as amended. Rules and regulations as set forth by the Division <br /> of Reclamation, Mining, and Safety for recovery and restoration of mined land will apply where applicable to the <br /> Leased Premises. Variations from the reclamation plan as originally submitted to the Board for approval may be <br /> granted only with the written approval of Lessor. <br /> 18. LESSOR'S APPROVAL -- Whenever approval by Lessor is required or contemplated by Lessee, approval must be <br /> in writing and shall be optional and shall be within the sole and absolute discretion of Lessor. <br /> 19. OTHER STATE AGENCIES -- Lessor may determine that instruments and documents required by other State <br /> agencies satisfy certain requirements of this lease. In the event that Lessee is required to file instruments and <br /> Page 5 of 11 <br />