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<br />thereon, and of ea ca rtainlr~g xnecher or not paid Laseee and choaa
<br />hOldSng thereunder, by and from him, an carrying out the term,
<br />covenants and agreamenta Lrt this lease contaihed.
<br />TO RAVE AND TD RDLD the abava-dad arched premix m, xith ttx appiatau-
<br />ancea, unto the Leaaee, h1:s helm, euceeeaora, mslgna, or legal
<br />representatlvea, frw the 15th day of July. 1968, for the full tare
<br />ct can yez a: a.^.d until July 15. 19?8, ahd za lnog thereafter ar
<br />coal is being produced in paying quantities from said preaiara;-
<br />and the rents and royalties provided for hereln;~ar by atv
<br />eitension thereat, are bring paid, aub~ect to the following terw,
<br />conditions and agreements, to wit: (33.DOO annually aDall be eon-
<br />aidered a "paying 4uantity" within the erasing of this laasa_)
<br />1. Roysity: Leaaor harety reserves and Leaaee egsrae to pay
<br />Leaaor as royalty, the sum of SSfteen cents for ea aq sad eves-> ton
<br />of coal mined tram the 2ee.aed premises. Royalties tsereunder shall
<br />be due and payatrle on or ixfare the treaty-fifth day of each
<br />calendar month for coal m:.ned sad removed by Lewes drny.trg the
<br />preceding calentlar month, ^he royalty herein provided shall Dr
<br />increased or decreased biennially on the anntoaraary of this
<br />lease, by ttfat fraction o.f increase or decrease nflaccad tsy tDs
<br />coat of ISving index iaawad by the II.S. Department of Labor.
<br />2, Mlnlmssm Aovalty: As a minimum and advance royalty, tlsa-Lsasao
<br />shal pay t e anor a minimt~ royalty of S2S Rundred Forty
<br />Dollars (5640.00} annually. In the event Bald Laasae shall not
<br />extract from Bald premises said minlmae amounts above epec1S71ad,
<br />St Ss nevertneleas understood chat the above sumo Ot money are
<br />rapaltlen, and are due ar.d payable to Lessor whetbar coal Ss
<br />mined~or not, but that arch minimum advance royalty nhtll W
<br />credite4 upon the Sims rvyaltiea due na Jsaneinatta! prove dad for
<br />earl actually mined from said premises.
<br />3• Ranmrta: Laaaea agre:aa to maintain aaparate accounting 1's oeade
<br />xla v$~'ei to-the mining oY coal on the leased preauaaa sad agrees to
<br />furnlan to the Lessor an ar baton the 25th day~ot earn moats, sa
<br />accounting report disci a:sins the amount of coal mimd, reatv-ad, and
<br />sold for the preceding moats, and to furnish Laaaor annrallp asps
<br />and engineering surveys of ail wrn•ttinga ea as to arable Lessor to
<br />deter=ire b9 goy aecti`n tta: amount of coal mitred frog cns
<br />lcaeed premises. •~ -
<br />4. Mlnina Methods: Lassen-shall use ouch mining ~vr thoaa m ana12
<br />insure tae` eztraccTOn of the greatest .puss able amounts oY coal
<br />eons intent sn.th prevailing good mining practice and cone latent xith
<br />all rules, re gula ti urea, and lawn of the State of Colorado, and the
<br />federal government wits respect to coal mining, which rulse,~ ngu-
<br />latloti3, and laws Leaaee agrees to adhere co. ~--
<br />$. 51Rhta-ot-Way; It 1.a agreed that Leaaar reservaa the right to
<br />grant rlgnta-ot~way ove:• acid premix ea for public roads, railroads,
<br />power, telegraph, telephone, ditch and tarsal linos, Dut ouch grants
<br />shall be so made na not to interfere with tba operatlorm at Lnerae;
<br />unless aueis rights-of -rrry are taken by third parties Durnuant
<br />to the purer of emminent ddma:n. In the avant that such rights-of-say
<br />are taken by the purer ut emmlaent sumacs, the lessee shall not
<br />De entitled to particip,rte In drat amounts paid by third parties 1a
<br />such emminnnt detain proceadl~a. •_ _
<br />6. Notices: It Sa ag2-!ed that airy anti ce~regnired or permittaa
<br />to ba given to the Leeaee under the prov is lone of this lease, shall
<br />be Hans by certified mail to 403 ISaham Avenue, Waldenburg, Colorado,
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