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FOA303 <br />Delta, f'olora~';,, August 9, 19?6, and not in their individual capacities. Lesson male no <br />warranties of title to the Leased Premises, either expressed or implied. <br />6. Lesser Interest. If Lessors, as Co-7'rustees by Virtue of Appointmert by <br />the District Court in Delta, Colorado, August 9, 1976, own less than a ~..re-fourth (1/4) <br />undivided interest in and to the coal in, upon or underlying the Leased Premises, then <br />the production royalty provided for herein shall be paid to Lessors only in the <br />proportions which their interests bear to the whole, undivided ownership of the coal. <br />7. Conduct oC Operations. Lessee shall conduct all operations and mainta.i~t <br />all activities on the Leased Premises in a good, prudent and miner-like manner, ~n <br />accordance with normal, accepted industry standards, and in strict compliance with al! <br />applicable governmental laws, regulations, licenses and permits, including without <br />limitation, those relating to the protection of the environment and reclamation of land. <br />Lessee shall be solely responsible for obtaining all necessary ge•:ernmen~~. <br />licenses, permits, certificates and other approvals for operations to be conducted up• ~r <br />the Leased Premises and pursuant t~ this Lease. Dumps or stockpiles of waz'•:, <br />overburden, or other materials produced from oll+er lands may not be deposited on tine <br />Leased Premises. <br />8. Records and Reports. Lesscx shall keep books of account of the mining <br />and sale or other disposition oC coal from the Leased Premises, such books to he of the <br />usual character kept by coal operators for such purposes, and which books shall be open <br />at all limes to the i•:spcction of the Lessors or their authorized representatives. In <br />addition, <br />Lessee shall provide to Lessors the followi^g: <br />(i) At least semi-annually, a summary report oC the <br />status and conduit of operations hereunder, to <br />include a statement of intended operations for <br />the next succeeding quarter. <br />(iil Copies of drill and core lugs, geologic data, <br />reports of sampling and testing of coal and coal <br />deposits, identification of drill hole locations, and <br />o,hcr factual data (cx~~;;;;•:e of interpr-cation) <br />obtained by Lessee which pertain to the Leased <br />4 <br />.+~!~- <br />