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<br />1 <br />1 <br />' <br /> The Lessee agrees to pay a minimu.~ royalty of $300.C0 per <br />' year, it being understood that the Leesee shall receive credit each <br /> year for any sins paid on the basis of :5 csnts par ton, and in <br /> the event these royslties exceed $500.00, no additional sum: shall <br /> be due. Sf the sums ao paid shall be less than $500.00, rho Lasses <br />' shall have the option to pzy the difference 1n cash. If the Leeaoa <br /> aha11 fail io make any payment which aha11 be due under the pro- <br />' visions hereof, after thirty days' written notice from the Lessors, <br /> this lease shell be automatically terminated end of no Further <br /> binding force and effect upon the parties hereto. <br /> It is mutually agreed between the Lessozs and the Lnsaea <br />' that the Lessee has the right to construct any roads over and across <br /> the property above mentioned fur purposes of ingress and ngrese; <br />' provided, however, that said roads shall not interfere viCh iaprwo- <br /> nears presently in esiatenee on the property herein described, sad <br /> that all roads shall be equipped,at the expenea of the Leesee with <br /> such gates as may be necessary to protect rte interests of the <br />' Lessors. <br /> It is further mutually agreed that the Leesee may u~a the <br />' property above described for stockpiling and the storage of equip- <br /> went necessary to the mining and removing of said clay. <br />' It ie sgreed bet.+een the Leeeo n end thx Lessee that upon <br /> termination of this lease by the Lessee, aii machinery, equipment <br />' and improveaeats used ir. the mining of said clay eha11 remain the <br /> sole and separate property of rile Leesee, and sale Laeaee shall <br /> have thirty days after Che cetriinaticn of thin lease Co remove said <br /> equipment, machinery erd ,mp.cv zmrnts :rrca the Leased property; <br /> <br />1 <br />