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<br /> <br />building of roads, installation of scales and other equipment <br />and improvements, and other similar activities. For purposes <br />of this Agreement, all of the above-named activities and any <br />other activities reasonably necessary to accomplish the intent <br />of this Agreement shall be termed 'C a C Sand's Quarrying Oper- <br />ation." <br />(2) TE RM. The term of this Agreement shall commence <br />on the date of execution hereof and shall terminate June 1, <br />1988 . <br />(3) ROYALTIES. As royalties and as the consideration <br />for the Agreement to C 5 C Sand's Quarrying Operation, Stack <br />agrees to accept and C a, C Sand agrees to pay the following: <br />(a) Initial License Fee. As an initial license <br />fee, C b C Sand shall pay to Stack the sum of $1,000.00 <br />concurrent with the execution of this Agreement, receipt <br />of which is hereby acknowledged by Stack. <br />(b) Minimum Tonnage Payments. As further consider- <br />ation hereunder, C 6 C Sand shall pay to Stack the sum <br />of $52,000.00 as minimum tonnage payment. As consider- <br />ation for such minimum tonnage payment, C b C Sand shall <br />be permitted to remove 80,000 tons of rock, sand and gravel <br />(the "minimum tonnage°) from the Property. C b C Sand <br />shall be obligated to make the minimum tonnage payment <br />regardless of whether it removes any of the minimum tonnage <br />to which it is entitled. The minimum tonnage payments <br />-2- <br />