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• i. <br />a <br />~ 5. Consideration, Ae consideration for eIl of <br />the coal, surface leases and easements above set forth, <br />• I! Western Slaps Carbon agrees to pay to U.. S. Steel the total <br />'~ amount of Twenty Thousand Dollars ($20,000.00) to be paid <br />II as fa Llows: (a) Five Thousand Dollars ($5,000.00) upon- <br />execution by U. S. Steel and delivery to Western Slope Carbon <br />' of the l.c~se and Grant of Easements hereinabove referred to, <br />. said payment and delivery to take place at the closing I <br />•~ providrrf for hereinafter. <br />(b) Five Thousand Dollars ($5,000.00) on or <br />i <br />before each of the first three (3) anniversary dates <br />follo~iag the closing referred to in subparagraph (a) of <br />this Last agraph 5_ ~ ~ <br /> 6. CIlosnn,p= Ih the event this Memorandum of <br />a <br />~ o <br />•:Under~anding i.s ag}m¢oved by U. S. Steel as set forth above,. <br />F e: <br />e 3 ~ ~ ~ ~ <br />; <br />the dsdivery oF. II®sa and Grant of Easements from U, E. Steel <br />•55 • <br />i <br />~~• to Western Sloes 03rlton and the payment from Western Slope <br />s>4e <br />n; ~;~ <br />" ~) Carbon to ll. S. ~1teeL referred to here inabove will take <br />_ ~ o i . <br />F • <br />= <br />f' lace: within t 30 da s from and after notice is iven <br />- J <br />~; <br />• by U.. S. 9tee1 ttr~wes tern Slope Carbon of said approval at a <br />• <br /> <br />time and place ~~~ agreed upon by the parties. <br />• <br /> 7, '3alr~= Alf ter the date of closing Western Slope <br /> <br />• Carbcir will pay am~y Ida assessed upon the E-Seam Coal in <br />I` <br />~ <br />~ <br /> ~~ <br />~ the par eels de sr,*++~a iim &aragraphs 1 and 2 of this Memorandum) <br /> of Undilrstanding. iiscluiliog but not limited to, any coal from <br /> ;; said 3arcele used €ar the protective barrier pillar described ~ <br /> i <br /> in said Paragraph 1 hereof. Western Slope Coal will also pay <br /> i <br />_ ~ ~ taxes upon the surface properties fo be leased to it by <br /> U. S. gteel Eton and after the said closing date together with <br />. any ta::es assessed upon buildings, facilities, equipmen c, etc., <br />_ installed, erected or placed by Western Slope darbon upon said <br /> ~, props trice or upon the properties included in the Grant of <br />I <br />• <br />