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~ ~ 8202558 <br />In t}:e event Seller desir~_s to make sale price <br />istment~ in accordance with the abrve~ he shall notify <br />~ uuyer~ in ~aritiny~ at least thirty (30) days prior i:o the <br />~~ f' •- Apri in each year during t}~e term Gf thu conL-- <br />ract. 'f}1~ notice must set Furth the basis for and the <br />amount Gf the .increase. In t}:e cv~nt the adjustrner.ts are <br />unri:asonaC,ly 1,igF, or do nci: confGrrn to the abGVe provisions <br />or are net predicated upon and directly relsted to the-above <br />causas~ B-layer shall have tY:e option to tr_rminatc this con- <br />tract erg in the alternatives Buyer shall have the right to <br />continua this contract and pay the sale prices established <br />in accGrdanca with the above provisions. <br />4. 'Perm <br />'this Agrceulent shall be valid for a term Gf five _((%~'~r <br />years commancil:g August 1, 1971 and t~~ralinatinc} ~ 31~ <br />1979; providad~ howaver~ Buyer shill have the option tc <br />renew tt,is I:yrccn:ent cn tl:e same terms and conditions for <br />an add't'~ c:~l~year period by giving Steller written <br />~;~ notice of said election cn Gr before July 31~ 1979. <br />~ S. Limitations <br />(a) Lxc~pt as r>the.rwis~ provided hi:re:.n~ Seller <br />;hall s•.-11 Isis clay Cxcluivcl.y to })user; Ylow-- <br />ev~r~ nothing in this Agree;u~:nt shall prevent.: <br />:;otter Prow mining ar.d ellir.g refractory and <br />firs clay ;:c Chird I:art.i.~s~ ni~r ::hall It pr. event <br />9cl.lcL' 1:C01^ :111[;1ng and sC_1.1111ij Clay t0 Am,erican <br />~l;,y Product:, of D~nvcr~ Colorado for use by <br />1. that purchaser. <br />(b) Sc11ar sl-.all not, b•.: ru;u_rr_::' to sell. and <br />~`~ dclivur t:G i.Suyz_- more L-hanl5~QJ0 tor, .,t clay. <br />J~y ~~ <br />r+~~ t~/ ,i d. P,ym~ni ar,d L~tf ;:t Provisiu:,s <br />~ b <br />~;~ ~~ ;' Payme;lC; to 5~ller shall br--• made mcr;Cl;ly~ cn or <br />,~ before the 2ULi, dny o` the c,Jlerc:ar month iollGwiny <br />}r I y `~` th,_ mor:th GF delivery, In the event that any of Lhe <br />~" `j r+ clay d~liv~red t:,y Seller prcwe.s not to be usable the <br />,~ `n 11' aulcunt of uch unusabla clay shall ~iCht=r be off-sc£ <br />against the weight of the nc::t delivery of usable <br />clay cr the amount paid for such unusable clay shall <br />be credited against the arneunt G~:~ing to Sellers at the <br />'~ election c•f Buyer. <br />7. Celivery RucGrds <br />Seller agr«s tG Leap and mair:tain complete alld lJ <br />accurate records of all deliveries made to Buyers in- <br />cluding r_•corrls ra Lo the date and wai,~p,t of eacll dam- ~i i~ <br />livery. All sucL records relating L-o the,perfor,n.-Jnce (}>( ~ <br />under ttlis contracC shall he furnished to P,uyer upon ~~~1''' <br />rcqucst~ inclu,liny~ but withi>ut limitations sur_h scale / <br />tJ.C I!a t:i~ waight sllps~ alld Gt}1 a7: L-aCUr d`.. Gf a'.;COil rlt. n~ <br />Euyer shall also have L-he right- to i.n_:pect ~n~1 chac~_ b <br />Seller's scales used _r:eide:nt to the pr.eporation of <br />such scale tickets for wcirjht slips. <br />B. `,'pc•-ia1 C:1:~1:.I.icnc ~, J <br />Upon Lhe ~l~ath or insolv~:ncy GE Scll~•r~ cr in idle <br />event that Seller defaults .in ar,,: at his obligations <br />under this contract anal re:mair,s in J<fclult for e. L,cr-- <br />iod cf tcu i10) days after written ;1Gticc Gf such de- <br />faulty Buyer mdy~ aL its r.1pt.~.U11 and in addition tc <br />G'thUr rullll ~le:.~ eJ. tIICL tC rlrlllla tC: t}715 /\greerrlent Or <br />winE, ertract~ remove and Lake Gut. clay from the atore- <br />luentioned properties of Seller; provided; Iwwtcur~ th=l: <br />aK. _. .. , <br />_ ...;_.,a,i,e... :..._ .x~.v:v:~"~. ~itYm9flCv~:. ~~:::~ .. ~ ..L£".: .-..: t„` sve..ost: s3$~f~x~S.rByi- .'$~-s' .. "mom- :any <br />