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!: <br /> <br />merchantable leased coal shall have been mined and removed <br />from the Property, whichever shall first occur. Lessor <br />reserves the right to demand the renegotiation of royalty <br />rates (including production royalties, minimum production <br />royalties and annual advance minimum royalties) ns of <br />i <br />I Janunry 1, 1987, and if the .parties fail to agree on a new <br />1 royalty rote by negotiation, the question of a proper <br />I <br />' royalty rate shall be submitted for arbitration as hereafter <br />provided. <br />ARTICLE 4 - Production Royalties <br />For all leased coal mined from the Property, Lessee <br />covenants and agrees to pay to Lessor the production royalties <br />set forth in that certain Ancillary Agreement between Lessor <br />and Lessee bearing even date, (hereinafter referred to as the. <br />Ancillary Rgreemen t). . <br />ARTICLE 5 - Annual Advance Minimum Royalty <br />~ Lessee shall pay to Lessor a guaranteed annual <br />advance minimum royalty as more particularly set forth in <br />the Ancillary Agreement. The terms and conditions of the <br />Ancillary Agreement as to both this article and Article 4 <br />above are hereby incorporated into this Lease by reference <br />and made a part hereof as if fully set forth herein and the <br />terms and conditions of the Ancillary Agreement are further <br />made subject to all terms and conditions of this Lease <br />insofar as the same shall apply. <br />ARTICLE 6 - Royalty on Coal Lost <br />The Lessee shall pay Full royalty, at the rate <br />stipulated in the Ancillary Agreement, upon ell leased coal, <br />whether in place or mined, which is burned, lost, destroyed, <br />or injured by fire or ex?losion, when caused by the negligence <br />of the Lessee, its agents or enoloyees. The amount and cost <br />- ]4 - (Rev. 5/86) <br />