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• <br />JUL. 10.2001 12~24PM <br />UNITED COMPRNIEE <br />• <br />N0.423 P.4 <br />above ceases to be published by the United States Department of Labor or its successor agency, <br />a similar index shall be utilized. (This basis of computation is taken $om the case of entennial <br />pn~prises. Inc. v. Mansfield Dev Co , 568 P.2d 50 (Colo. 1977), sad is to be interpreted <br />consistently therewith,) <br />Lessee shall forward to each individual Lessor monthly reports showing the quantity of <br />Material removed from the Lased Property during the preceding month accordatg to <br />consecutively numbered load tickets, with the date of loading. The reports shall be forwarded <br />to Lessor by the twenty-fifth (25m) day of the following month, whether materials are removed <br />ar not. <br />Royalties for materials removed $om the Leased Property in excess of the $4,000.00 <br />advance royalty shall be due on the twenty-fifth (25°') day of the month following the calendar <br />month in which such material is removed <br />Lessee agrees to keep a strict and accurate record of all materials removed from the <br />Leased Property and all sales thereof. Lessor shall have the privilege, at reasonable times, of <br />examining the mining procedures and checking the books aruirecards of Lessee for the purpose <br />of verifying the amount of royalties payable. <br />r 1 <br />L <br />V. COVEl~TANTS OF LESSEE <br />Lessee covenants and agrees with Lessor as follows: <br />1. To comply with nll applicable laws, rules and regulations of govem*nental <br />authorities, including, without limitation, the Mined Land Reclamation Board of the State of <br />Colorado, and as well to comply with appropriate zoning, land use, and other regulations of Rio <br />Blanco County, Colorado, <br />2. To conduct all of its operations in accordance with the laws of the State of <br />Colorado, including, without limitations, the water laws, mining laws, and regulations of the <br />State Engineer. <br />3. To aIlow the Lessor or its officers or agents, fiom time to time, to ester upon all <br />parts of the leasod premises for the purpose of inspection, surveys, taking of samples and <br />measurements. <br /> <br />