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b. Aracsc scan foil *o deliver M,mn due any <br />pa}~ncnt of any adva~cc minii.ium ro}•alty or <br />production royalty payable to Energy Capital <br />hereunder, and such failure shall continue <br />for a period o£ 30 days after notice thereof <br />is delivered by Energy Capital to Arness. <br />q. Arness shall fail to deliver any financial <br />report or statement to Energy Capital in <br />accordance with the requirements of this <br />agreement and such failure shall continue for <br />a period of 30 days after notice thereof is <br />delivered by Energy Capital to Arness. <br />d. Arness shall fail to pay or perform any <br />obligation of Energy Capital assumed by it <br />hereunder with respect to the Leases when <br />such pa}inent or performance is due under said <br />Leases and within any grace period permitted <br />by the terms of such Leases and such failure <br />shall continue for more than 30 days after <br />- written notice thereof is delivered to Arness <br />by Energy Capital. <br />e. Arness shall fail to comply or commence <br />reasonable efforts to comply with any other <br />obligation, term cr condition of this agree- <br />ment within 60 days after notice of such <br />noncompliance is delivered by Energy Capital <br />to Arness. <br /> <br />• <br />-17- <br />