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<br />DE-RL04-96GJ89467 <br />• (f) The term "Exploration Plan" means a plan of activity proposed by the Lessee for the purpose of <br />conducting surface operations to explore, test, or prospect for minerals covered by this lease. <br />(g) The term "Mining Plan" means a plan of activity proposed by the Lessee for the purpose of <br />conducting surface and underground operations to develop or extract the minerals covered by this lease. <br />IV. GENERAL PERFORMANCE REOUiREMENT. Subject to the other terms and conditions of this <br />lease, the Lessee agrees to conduct exploration, development, and mining activities on the. ]eased premises with <br />reasonable diligence, skill, and care, as required to achieve and maintain production of uranium ore consistent <br />with good and safe mining practice, and with market conditions. <br />V. ROYALTIES. The Lessee agrees to pay or cause to be paid, as directed by the DOE, the royalties <br />specified in Appendix "B", which is attached hereto and hereby made a part hereof, at the rates and in the <br />manner set forth therein. <br />Vl. INTEREST ON OVERDUE PAYMENTS -FORFEITURE FOR NON-PAYMENT <br />(a) All amounts that become payable by the Lessee to the Government under this (ease shall beaz <br />• simple interest from the date due until paid unless paid within 30 days of becoming due. The interest rate shall <br />be the interest rate established by the Secretary of the Treasury as provided under 50 U.S.C., Appendix 1215 <br />(b)(2) which is applicable to the period in which the amount becomes due, as provided in paragraph (b) of this <br />clause, and then a[ the rate applicable for each six-month period as fixed by the Secretary until the amount is <br />paid. <br />(b) Amounts shalt be due at the earlier of the following dates: <br />(1) The date fixed under this lease. <br />(?) The date of the first written demand for payment consistent with this lease, including any <br />demand resulting from a default cancellation. <br />(c) Notwithstanding the provisions of paragraphs (a) and (b) of this Article Vl, and irrespective of <br />• <br />interest payments made by the Lessee to DOE pursuant thereto, the Contracting Officer, in his sole discretion, <br />may cancel this lease for failure by the Lessee to pay the entire principle amount of any minimum, base, or bid <br />royalty within sixty (60) calendar day after payment thereof is due from the Lessee to the DOE under the terms <br />-3- <br />