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ioiisiox 22:s2 Fa% ~ oa .. C. The right to dispose of or lease the surfar~ where Lessor is the surfax owner, D. The right at aU times during the life of this lease to go upon said premises and every part thereof for the purpose of ia5pecting said premises, and the boob of accatmta and records of mineral workings therein, and of ascertaining whether or trot said Lessee a~ those holding thereundrr by and fiom it. are carrying out the teraas, covenants and agreements is this lease contained. E. The right at any time to grant a rightof--way upon, over or across all or any part of said premises for any ditch, reservoir, railroad, mmmuniation system. electric powerline, or pipeline. schoolhouse or other lawful purpose: but that such greats shall be subject to d1e tights of Iavstx. TO HAVE AND TO HOLD The above-described pretaists trato Lessee, its heirs, sttr~ssors, assigns, or legal represeatativea for the term of ffve years, and until 'I~velve O'clock tenon on the 23rd day of October 2001 _ and the royalties and rentals provided for herein are being paid, or by aa)r extension hereof, subject to the following tetras, conditions sad agreements, to-wit: ? 1. ADVANCE MINIMCTM ROYALTY - As mini,m.m sad advanCl royalty, wltltOtl[ I'C1atlOII t0''the amoum of minerals rained from the leased premises, Lessee shall pay annually in advance to Lessor the following amotmts: 1 LEASfi YEAR - AMR LfiASE AMR 199 None 1997 None 1998 Nonr 1999 None 2000 None Further, at the end of each five-year period, Lessor tray reasonably change the rate or amount - of advance m;nimnm loyalty to be paid by Lessee. In the event Lessee does no[ extract minerals from the leased premises sufficient to return to the State the minimum amounts above specified, it is nevertheless understood that the above somas of money are due and payable to Lessor whether or not minerals are mined, but' that such advanm minimum royalty' shall be credited upon the first royalties due as herein provided for minerals actually produtxd from said premises. 2. ~RFE1TURfi OF ADVANC& MINIMUM ROYALTY - In the absence of production of minerals in continuous paying quantities before the ettpitafian date of the lease, all advance minimum royalties affi all rentals shall be forfeited. - PRODUCTION-ROYALTY -Lessee shaA pay to Lessor a production royalry for all ores bearing metalliferous minerals, +~-metoni emus minerals. gems. specimens, placer minerals or a~ products whatever which are mined, saved, sold and/or removed from the leased premises shall be based on the following: Bulk ltovalty The royalty for any products whatever which are mined. saved, sold and/or removed from the _- leased premises shall be based on one of the following, whichever is.greater: :,. .. Page 2 of 9