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. July 2020 DE—RO01-19LM70256 <br /> APPENDIX B <br /> ROY ALITIES AND PAYMENT PROVISIONS <br /> ROYALTIES <br /> (a) At the beginning of each lease year during the term of this Lease,there shall become due and payable to <br /> DOE an annual royalty of$13,600.00.Annual royalties paid pursuant to this Lease shall be credited against royalty <br /> bid payments which become payable during the term of this Lease.Annual royalties so paid shall not he refunded <br /> upon the expiration,relinquishment,or cancellation of this Lease. <br /> (b) The Lessee also agrees to pay to DOE a royalty bid payment,per dry ton of ore delivered from the <br /> Property to a mill or other receiving station,in the amount of 15.02 percent(15.02%)of the value per dry ton, <br /> determined as provided in paragraph(g)of this Appendix B.This royalty shall apply to all ores produced from the <br /> Property during the term of this Lease. <br /> (c) Unless otherwise authorized by DOE in writing,all ores mined from the Property shall be stockpiled on <br /> the Property until such time as they are delivered to a mill or other receiving station. <br /> • (d) With respect to ores which are mined from the Property and delivered to a mill or other receiving station <br /> which is owned or controlled by the Lessee,the Lessee agrees to make royalty bid payments,for all lots of such ore <br /> assayed or fed to process during each calendar month,within twenty(20)calendar days after the end of such <br /> calendar month.Such royalty bid payments shall be treated as provisional payments with respect to any lot of ore for <br /> which DOE requests an umpire assay and an appropriate adjustment shall be made in the first royalty bid payment <br /> following the Lessee's receipt of the results of such umpire assay for such lot of ore. <br /> (e) With respect to ores which are mined from the Property and delivered to a mill or other receiving station <br /> not owned or controlled by the Lessee,the Lessee agrees: <br /> (1') That DOE may receive royalty bid payments directly from the owner or controller of the mill <br /> or other receiving station to which such ores are shipped by the Lessee if DOE enters into an agreement with terms <br /> satisfactory to the Lessee. <br /> (2) That,in the absence of such arrangements,the Lessee shall make royalty bid payments for all <br /> lots of such ore assayed or fed to process(includes delivery of such ore to an ore-buying station or sample plant) <br /> during each calendar month,within twenty(20)calendar days after payment for such lots is mailed to the Lessee, <br /> • <br /> —131— <br />