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SCHEDULE3 <br />Production Factor Percent~e Roval <br />12 months' or 100,000 tons= 4% <br />24 months or 250,000 tons 5% <br />36 months or 500,000 tons 6% <br />48 months or 800,000 tons 7% .. <br />Thereafter 8% <br />'Months are calculated from date of first commercial production ("Comm- <br />encement Date"), which shall be the date on which mining commences to service a firm <br />contractual comnritment to supply Coal, and Lessee shall give prompt written notice of ~~ <br />the Commencement Date to Lessor. <br />' Whichever fast occurs. For example, if 100,000 ions are produced in the first <br />8 months following the Commencement Date, the percentage royalty thereafter shall be <br />5% until 24 months have elapsed since the Commencement Date, or iota! production .. <br />since the Commencement Date reaches 250,000 tons -whereupon the rate thereafter shall <br />increase to 6%. <br />n~~.ti,m.~i~•,m~ <br />