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. • ~-'` L <br />the $700.00 yearly rental, to the four cAnts per ton royalty <br />and to the $200.00'monthly minimum ]ierein. Unless the option <br />ru zenaw shall have been excercisod twonty (20) days prier to <br />tl:a termination date of this Agreoment, the option to reneM• <br />s:iall cease to exist. <br />6. Lessee agrees to pay to Lessors the spun of <br />~~ <br />SPVen Hundred Dollar8'on or before February I, 1975 and each <br />February let thereafter during the life of this Agreement as <br />prepaid annual rental for the rights heroin granted. In <br />addition, Lessee agrees to pay to the Lessors n royalty of <br />four cents'per ton foz all aggregate, which includes pillar <br />rock, overburden or other materials removed Prom the above <br />described premieee but not including any preeioue metal. Royalties <br />shall be paid on or before the twenty-fifth (25th) day of each <br />month for each previous month. Leases agrees that the minimum <br />royalty paynble for each month during the life of this <br />Agreement shall be 5200:00: No overage in any month shall <br />be a credit on minimum of any succeeding month. <br />7, The books and records of the Lessee shall be <br />nccessible to the Lessors at all reasonable times and in <br />addition, the Leseore shall have access to the quarries and <br />pits for the purpose of ascertaining the quantity of material <br />removed thereform. In addition to the records to be furnished <br />pursuant to paragraph 12, tho Lessee agrees to furnish copies <br />of delivery of sales tickets representing alI material removed <br />from the premises for which a, royalty ie payable, with an adding <br />machine tape summary, to the Lessors on a monthly beais. <br />B. The Lessee !'urtlier agrees ns follows: To <br />construct fences and cattle guards at its expense around tr.e <br />~~larryinq operation, with the Lessors reserving the right of <br />- 3 - <br />