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<br /> and Lessee agrees to begin its rnini.11,1 oil , ith,•r Itlon_k i of Ihr
<br /> property or at the south end of Block. 1 ,nxl LIWIL m„vr, north
<br /> the property, at its option .
<br /> 1. Perm of I,oase and n,Ltinn to i oncw
<br /> 11,111S 1,1{ASF s1,111 be in r• ff"Ct ft"m Ill(' (I'll " of , x"(:n+ ir,ti
<br /> hereon , and the Lessee hereunder cove'n,ult_ :; 1_o wi ttri n one lw,rIIh
<br /> drill or excavate test holes and begin removing the over-burden
<br /> from the area first to be mined, unless additional tiLme OF. up to
<br /> six (6) months is necessary for pormits . Lesscc further cnvr•nnnts
<br /> to begin its mi-ninq operation no later than Junc I , 1979 , unlar. :
<br /> additional time of up to six (( ) monthr: frrlm the dnt,• of thi ::
<br /> agreement , is necessary to procure perm t ;Ill,! r,il,i I I r.r�nt, i nuns
<br /> three (3) year period from the data n; of mtrlin- ,
<br /> provided, however , Losses , upon compl t with ,i I t , r m:: ,ind
<br /> conditions herein r:ontaLned shaLi h.iv(. th,• <)I,I i ,n, this:
<br /> L, .rsr tmdpr the s,uu irrm:; ,uxl rand i l i -n, I ,,r ,in •j,Jrl i t iron ) I I„ i i 'A _
<br /> of two (2 ) Years , upon the tCrmil" Liun nl th, • ini i .il t,hr- - ( % )
<br /> year teen. It is expressly agreed and understood that the inif. i<, l
<br /> three ( 3) year term shall commence when materials are first_ ex-
<br /> tracted and removed from the premises , some time between June L
<br /> and October 1 , 1979 . Further renewals may be had by the Lessee
<br /> upon terms and condit.ions muLuaLly to th,r l,e;;sort; and
<br /> the Lessee .
<br /> 2 . Royaltirs
<br /> Lessee shall pay Lhc lessors osLh�•z9v aly
<br /> first year of the initial term of this; lr.inc, thirty
<br /> + a o r (U''s
<br /> cents for each -- �' removed from the property, arld
<br /> lereafter during the balance of the initial. tr:rm and any repo a1s ,
<br /> + .c,�4ti ag) 4 ,S 1W
<br /> t (4-H cents for each r(-m,)verl fI ,m the property .
<br /> The quantity shall be determined after materials .: re loaded i.n
<br /> trucks , and records shall be kept of <ill truck: , sizes and c-,prtcity
<br /> theroof , and date of loading , by the Lessee .
<br /> "L•'�XHIBIT 0" source of Legg Right to ")'ter
<br /> Page 3 C�Lc.q—r
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