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attenxp[ to deltaud dtc State of Colorado and eta;] rendar dtis lease null, void and mnecislent, noel alf moneys paid tv Lessor shall he forfeited ro Lessor. 1n addition, the current s[ahnmy fees will br paid ai the time the assigtntent record form is sulmntted lt'E1OHT5 - It is ae'zed that all rr[inersis and other materials routed and taken from dte lensed prsnuees slxgll be werghed and the weight thereof shsll be emered in due fomr in weight records kept for such purposes by Lessee. Tmr moans ?001) lmunds. Ton shall he tleteirnu[ed by-vt}icisl Colorado State cettifie[I soales or other methods approved I>y Lesser. STBA'AI:DSHII' TRUST STIPIiIr',TION-- Lessor shall specify certain stipulations with respact t[. use of trio swface i'1: said surface is inoluded~in the Steuwdship Tmst prior to the issuance of thts Lease. OPEftATiON PLAN -All plans fur exploration and ntirting sixall be submitted to Lessoe for approval by Lessor befnro such opernxions becin. These plans will include, buf nor be limitad tn, tope of egtdpment m be used, Ivesdon of addidonal roads, locauou of access points tv the Leased Premises, location and siu of oulverts, and location of any Bartle gusrds nr gores. M7NEV[' METHODS -- Only mining methods that wi0 insure dte extracdmt of the greatest possible a[nount of minerals consistent within the laws and with pretailing good mitring practice shall be used IC during the ntinhte actix9tics, rock of hieJi sales value such as high quality moss rock i.c encowtered, this rock shalPnot be diluted with less valuable rock and then sold for less than its m.rrkct value. ~R'IRONil•4MAL ANALVSLS -- Lessor may require that Lessee submit an em'irontnenrel analysis for approval by Lessor before any exploration or mining 6egixts. RE('I AMA7-ION -Lessee shall submit al] plans for restorarion mtd reclamation of leased prettvaes to Lessor far Lessor's approva! before subttutting the appropriate pemrit or perrnits pwsuanr to the Colorado Mined Land Reclamation Act 3432-1111 ~ SEQ., C.F.S. 1973 as'anxended Rules and regulations as set forth by the L>ivision of Minerals and Creology for recm•exy and restvrarion of mined land x911 apply where applicable to the Leased Premises. Variations from the reclamuicm plan as aril evilly submitted to Lessor Cor approval mss- be granted only with the written approval of Lessor. LESSOR'S APYRO\rAL -- Whenever anproral by Lessor is required or contemplated 6y Lzssce, approval must be in writing and shall be optional an3 shall be within the sole and absolute discretion of Lessor. ()TI-IER STATE AGENCIES -Lessor may dettrtnine that instruments and documents required by other State agencies sa4sfy certain rePuixemenr, of tlds lease. In th8 event that Lessee is required to file insttvrr,rnts and documents with other State agencies, including the Division of Minerals and Geology, Lessee shalt notif<• Lessor of said filing azid Lessor reserves the tight to request anal obtain copies of such instntmeuts and documents from the agency or Crow Lessee. INSPECTION - It is agreed that dtnittg all proper hours and at ~a11 times during the evntinuance of this ]ease, 7xssox or Lessor's duly authorized agrnt, is authorized to ektcck assays and scales sss m thou accuracy, m gn through or on arty patt or alt of the leased premises to examine, inspect, suvey and take measurement of the same and tv take samples of any kind and W examine and make exlmcis from m copies of alt books noel ore#ght sheets and records which show in am, nay the ore output, ore~values, psyrrterts and royalties from and of the leased premises. All conveniences necessity for such inspecdon, survey, or examinndun shall be furnished m Lessor. Lessor may require Lasaoe to provide all is,ehuntents and rlvcuments of atxy land and nature, whatever which affect Lessors interests. ~NCITICE,S -Any notice required t0 he given m Lessee tinder the provision? of this lease shall be sent by cettifted mail to the address set fortlx at the beginning of t}us lease ar in such other address ss Lessee ma7 ihdicate in uniting to Less~x, end such amiee by mail shall be doomed suffieieni and in {all eomplimice with fhe terms of this lease as of the dots it is pnstmarl-Ed.- Notre m Lessor slmll be given in h7ce toanner. addressed to the State Board of Land Commissioners' Denver, Colorado address. NO'1'IFIC ATIUN OF MINING OPERATIONR-IL is rmderatood that Lessor may not mutt or control the stnfaee estate of leased. premises, or Lessor tnaV ltsve issued a~suiface use lease to anviber lessee. Mineral Lessee shalt be responsible for identifying each ownership or determining the srface lessee or tessees, and shall nofitj• all such parties in advance of any oxr-site activity. Notlfication gill be given thirty (30) days for untitled or gra,ing acreage and sixty (60) days for tilled farm. ground prior to any on site activity. Mineral Lessee dull cingely coordinate a7ty on-site activity with the surface owner or lasso, and ntalce a rzascmable effort to protect ttxe integity -of av¢facc owner's or surface lessee's frnces, gates, cat[lawards, and other property. Page 4 of 7