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and entering into modifications or amendments to the Vahldick <br /> lease of a nature calculated to make it as amended or modified <br /> more favorable to Lease-- <br /> If the assignment of the Vahldick lease to Lessee <br /> requires the consent of the Lessor therein or any third party, <br /> Owner shall cooperate with Lessee to obtain such consent and <br /> ' if a reassignment of the Vahldick lease requires the consent <br /> of any third party Lessee shall cooperate with Owner to obtain <br /> such consent at the time such resssiu­nment is due under the <br /> terms hereof. <br /> 3. The term of this agreement shall commence July 1, <br /> 1958 and extend through June 30, 1965. At Lessee's option, <br /> this agreement may be eatendcd for additional succeccive per <br /> ' iod3 of ten years each on the same terms and conditions, pro- <br /> vided Lessee has prior to the first exerclse of this Cption <br /> acquired from Lessor the "!eased property" described in a <br /> certain agreement of Lease and Option to Purchase of even <br /> date herewith between the parties hereto. <br /> ' Lessee may terminata this lease and all its obliZa- <br /> tions hereunder at any time dur�, tha seven ycar terra hereof <br /> by means of written notice to Cdner at least one year in ad- <br /> vance of the specified term nation date. <br /> ' 4. Lessee shall during the term hereof unl_po <br /> sooner terminated as hereafter provided be liable for and <br /> shall pay to Owner annually in advance comm--ncin.; With the <br /> date hereof a minimum annual rental of $1,000, whether or not <br /> Lessee conducts mining, excavation or other cperstiona upon <br /> the mining properties. <br /> Lessee agrees to parr Owner a royalty of 50 cents <br /> ' per ton of 2,000 pounds for each ton of crude perlito cre <br /> mined and removed from the m±n'ag properties, and also 5% of <br />