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02/86/2002 08~a1 7192767321 FRl?17Pfi (b GOV PAGE 03
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<br />F~7-1'L'NSIUM -- Peuuillen rrwy lv[t~ a.pttferentia! riglu w znaew the 3enan nt to rcceivr a mew lease, wl,>:1a:ver
<br />~maybedµ~++eedpyAemninatto.belnrhubestfntueetofthegL•de,underthcfolbwingco¢diUVas:
<br />A. Ao advatux minimtmr;ayalry; the amounFlb be ueguliarcd before eXpl[atien tit dtC lease, will he due and
<br />.payubla :uutually enmmca.ing om We dater ddu lease k remwcd or a bees lease is eaevulal and shag
<br />corrtitrue wrlil dm cxpirNloa of the new tn' rclwwtrd'Teaae.'Th13 arrow[ racy lx adjualed by Permitter az
<br />the~e¢daCew:h fiver-you period of the reocwed or lu:w 1rHw.
<br />~D. ~Pcrwiwx abap'BUWah'[n t'crrnittes ~sursYactory~nvidrnaa of plans Mr mining during we term of We
<br />renewed /ease or'dutiug Ilte term of a new lease. '
<br />.f.', ~Petmhtee shall t'umixh udrryunte gedbg'teal evidcace W Pnurriuee [hat nc~ acreage subjtx[ w We trrtewed
<br />„ .. or rues lease.ix /a'l'so pn ~inregml parr of sad coatarm reaesvrs in:a~~lnpiral znlnlnR twit.' kVLeWa.We
<br />• acreage, is err is nVl a: put:vf a ingleal mining roil[ will be Qetawu+edFry Permh[er. ~"'
<br />D. Ao eUC¢sloa Of this l.a~se us durrmined by PemrBte[ would bn i¢ the h¢t[ intercu of Pesmiitc[ ~ . .
<br />... ,EXTENSTf)rtL1YPRt~DUS=I'lOM-'thicpsrp&rnphisnotapplicable..:, ~ ... .,.
<br />ANC[I-t.ATtY t1$L, _ P~rmiltne way remove approvrq.miaerala.~aad place on Wn Leurd T'remiscsstocl• piles o£
<br />'. wumrial~minM Hem this lease alxi.xw:h erptipmcata .~ apprtnrd bJ' Pcwitwl' Cur this, rcmmal. All odes
<br />~: aucillury war w:rh, ns.concmre plaeVS,.aspllalt pla¢[s,'anenxanry apriPmeat- offfifc ayyregale rnatnriala and nay'
<br />.. ocher:vaesuu[apw:ifino]lyalCUtiaucOherein will he~aubju:t urtbc spproval ofP.ermiaer~altd rcalui[cxyearly~rEnm1
<br />paYtttnW of m leas rbn¢ ~1`f/A.:'per acre. Haut nwda nndinr access roads which do not directly Wnefit We i.aaci
<br />Yrcndsaa will hr: mrhjcct to a separaze pCmu[ oral approval of Pemrlaer,
<br />R_TfPORT3 AND 1Lt;t•,Ux ~S ~ AftnT oPcrntiom begin, i! is ag[eed Orat uu +m bnfare the Ins[ day of each month
<br />dut9ng the trim of Wis Iru~e Pemdpte shall submit a swo[o, verified, writtco repot w Pe[mlaer, m which upon
<br />tLOnS 881d leaxed prlmllaeS during Q1C prccodwg talenda[ mould, PCr111111eG H~reG9 rn Ttecp'a~.to havc'in
<br />poseueiua~wmpfern and aermatc books sad recv[ds showing We pwrluctinn and dispnsltlon of any and all
<br />awbstallCps ptoducul ¢n the 1caSCd land amd w permit Petmiaer et all wasvwbla hoary, [o rwamine [he same nr ro
<br />tiuuisls cupiex aL ti+mn To ,~emJtiei wirLim ti0 days folloaipg wtiitoem request. along :with puntwaa:a support
<br />dotauneltyuiutl.,Ah said hnokt gnd,fecntds shall be renioed yy Xeravuee and nudn xvulahle, h+ .Culunuln m
<br />. diao¢va wry e[rat or Imocuracy la'lrs barn ot, the oWa.pu, ly,'aslabmrta:nG PaYm~, atlrsilntinn, nr detnrmioarkYO,
<br />they propes,edjuatwustR[ S4{3SSbon thereof. aha146n„niada m pr+uupdy rw,pra+aicahtn;hn[cnfrra, acrcp[U[az ao
<br />sdjatmtcnt nr mnratioa shall. be ;{made at', more iltau., l0,yean:hava nlaPaed bettveeo rbe tlmq~the~nrror or
<br />inuccuracy.crraa+rtCd a~ the diswvcry by either party ui savJ e[rur v[ htatwrasCy.
<br />.Purd+e[, PetadRreshall a,r¢lan annually a complete opetahons report to ~Pe[mi[ler' rlisolwiag du: uuvWer
<br />ul faro arui the ysaay d10[eof oP all n:et, mincralr and othrr mattSlals'mined(tCm rtes premises dwing Uu
<br />prcecr{ing ycaz, Pesytilteeahall'atpo tnrrtiah'iu,.wtkl rolxrtt geulugiu inwrprutxtinsw, xnd nxnvmablc rcarsvn
<br />ealeuladang,and,tuapaa¢d F[pss apc[w11s slydwing 1u~artiwt of wry minend,-fieering uunanps,'ilil]fholes, ttCaehes,
<br />ore btxJies a¢d~ othu prospei'lirrS prof expksrati+m :rt9ivi,dM.a,, along whh as~ys showing, the aonotmt of rnlnerel
<br />iacWde logs of al! souls l+cuelrukedand dll gwlugie and hydrologic curulitiunae¢counurcd, and copies of i¢-Mlc
<br />surveys-[his Ltl'uniwliun w ilro vullriatf ,rod Prrmared tmdnr the .snpetvision o~ o ,tltia]I.1feA geologls[, geolopJnal
<br />engineer Vt Jliltiug .eugineer, t)Itier qualdind PPraon; rosy cages and prepue this stun; if agresd m; in wrldng
<br />~bCtwtxn !'ormitteo and Parmiasr, ,Auy [eyuesL lu keep cerluiu inQimuuiun umCulrntial should he in writing w
<br />Yerrauaec at plc ume 9uch.ndcn[ratlon is eubwitlW w PaaulilW[,auJ.auuL,dais ores Le1Wyl wrr4dbusial as
<br />coasistcm with Slate 7aw,. Fcrmiuee aball submit. if requr_ctefl by Peaiytler, iucb additional /sports, reeordr o
<br />doarmcn[s rcgacdlgq Fermiiree'a.opeiadon on the Leased~Ptemises es, aecessaty for the compliance wLh.lease
<br />shall sot be burdened wirh~ ovcrsidipg royaltiCS the aggscgatc, V£ wiuoh~cuada two ~Pratxn[ {3 ~'1 of ~thc gross
<br />rmhte of,'rhe mioerde. or ore at the Srsc point of salt.; Permitter mist,~bc ~aotsfied'~of ¢p,'a+Crriding eopaldcs
<br />' occntingm.thla lease. ~ ~ .
<br />dcticle¢ciea of anY kind whatauever, wulatw+w uC any wvarLlnln of dru:9rwrn, o[ any frlan cndamnora rnailn~tn
<br />' ~ ~ahall~be entered wnl,et down the cxac[ amount in weight of all prudw:la and the assay thereof mined and rcrtroved
<br />"~` ~ ~.kosmitter,Cor u peri+al,+d.rart leas than l0,yeata. Yf a[y, such exanri¢atioy a11a11.revnal, nr~it'.ahher~pury shag
<br />. ,:,,cents/tuUiaWc'vro.;17Ps.wvuNaivquiretlto'hems/alaitrbdhy:Petniitrees//dpmvidfdto7'crmhternlumrCtlurar
<br />`+'~ 7. ~f1tf)3CTtm1NG ROYALTY ILL~9'tA77QLd5_ -his agreed tltaz.this lease oc any subsequent assigru¢em hexof
<br />'`a,g., .DL'VHLOPMfNT-'fhix,par,•t~arnpltnor np~llihhle.~ .... ~ ..,. .
<br />';.y, "P!5'lV~:t:i't'lati'-1 Apenallydlwll he vlywsprlCur, lest uul limilotl w,'Iwe paymeNa, imprnlwrlwYmcnor, opumm~nal
<br />'~ yetinit6er.PaniltieashallbadnteruwmrlLy'Pertnillerunlm+:irthnrviixnpmvide2fnr,;hylnwnndmay,heinrhe.
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