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... ~..~ (b) maps and drawings showing the Mining Operations carried out; (c) ore reserve estimates and production data; (d) books of account in compliance this Agreement; and, (e) documents of title to the Property. 5.04 The Operator shall maintain appropriate books and accounts in accordance with generally accepted accounting principles, or such other procedure as the Parties holding interests aggregating more than 50% may direct in writing, showing the costs paid and incurred. The acen~~n!s kept pursuant to this Agreement shall be audited annually by the auditors of the Operator or such other auditors es the Operator may select. 5.05 The Operator shall perform its duties and obligations hereunder in a sound and workmanlike manner, in accordance with sound mining, engineering and accounting practices, and in compliance with this Agreement and ell applicable federal, provincial, and municipal laws, bylaws, ordinances, rules and regulations and this Agreement. The Operator shall require its contractors and sutrcontractors employed in Mining Operations to comply with the provisions of this paragraph. 5.06 The Operator in its operations hereunder shall be an independent contractor and, except as specifically provided in this Agreement, shall not act or hold itself out as agent for any of the parties nor make any commitments on their individual behalf. 6. OPERATOR'S FEE 6.01 From the date of the Production Notice, the Operator may charge such sums es compensation for its head office administration and overhead functioru as may be reasonable under the circumstances and consistent with prevailing industry practice. 7. MINE FINANCING 7.01 The funding o[ all Mine Costs and 1984 Sublease requirements shall be by PRI. 8. OPERATION OF THE MINE 8.01 All Mining Operations shall be planned and conducted and all estimates, reports end statements shall be prepared and made on the basis of an Operating Year. 8.02 With the exception of the first Operating Year, the Operating Plen for each Operating Yeer shall be submitted by the Operator to the Parties not later than 60 days in the year immediately preceding the Operating Year to which the Operating Plan relates. Each Operating Plan shall contain with reference to the Operating Year to which it relates, the following: (s) a plan of the proposed Mining Operations; (b) a detailed estimate of all Mine Costs plus a reasonable allowance [or contingencies; (c) an estimate of the quantity and quality of the ore to be mined and the concentrates or metal to be produced; and, 6