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If en assignment a part of this lease is apprc 1, a new Lease designated as an aesibnmant be Issued to the assignee ._varing t ands ass Lbned for the balance he term of the base Lease on the min lease form in ' use et the time of assignment and Limited ae to term as said Lease le limited. The assignor will be released and discharged from •11 further ' ob libat lone for such Lands assigned, as Lf the same had never been a part of this lease. No assignment or transfer of this Lease will be held valid by Lessor unless made with its consent in wrLting and duly entered !n the books or reeocde of Le980 r. Ass tanment Consideration -- Tha considerat Ion for approval of assignment by Lessor shall be yyy~yxXYYYYYYYI(YYYYYY) of the value of any eonsideretion~ tendered to Assignor by Ascibnee Eor the ass Lgnment. Diw lgenee of the value of these eonsiderat Lons shall be mandatory, in affidavit form, which form shall be presented to Lessor along with the other ,assignment instruments Ln order to obte Ln Lessor's approval for the assignment. An aea Lgrwent does not eonst State a new lease but Le a coot inuation of the base Lease. My attempt to withhold this inEormatlon shall be construed as an attempt to defraud the State of Colorado and shall render this lease null, void, and nonexistent, and all monies paid to Lessor shall be forfeited to Lessor. In addition, the current statutory fees will be peld at the time the ass ibnment record form ie aubmltted. ACREEMP.NTS OUTSIDE TFIE TERMS OF TNiS LEASE --No assignment of undivided interests or retention or reservation of overriding royalties will be raeogn Lzed or approved by Lessor; and the eEEee t, if any, of any such assignments or reservations will be strictly and only as between the part irs thereto, end outside the teens of this Lease, and no dispute botween part lea to any such assignment or reservation chall operate to relieve Lessee Crom performance of any terms or eonditlona hereof or to postpone the lime therefor. Lessor will and shall at all times be entitled to Look Bole Ly to Leaeee ar !ts assignee shown on Lessor's books as being the sole owner hereof, and Eor the ~aending of all notices required by this lease and Eor the performance of all terms and eonditlona hereof. Although not binding on Lessor, all instruments of every kind and netuco whatsoever, including but not limited to sublease agreements and operating agreements, effectLnE this lease shall be filed in the records of the Mineral Department of Lessor. Upon request, such instruments furnished may be kept eonELdential as eons Lstent within the law. COMPLIANCE KITH REGULATIONS -- Lessee covenants artd agrees that during the eontLnuence of this Lease he will fully comply with all of the provisions, terms and rood itLons of all Lew, whether Pedere 1, State, or Local, and oeders issued thereunder, which may be in of Eect during the wont Lnuaneo hereof re lot tog to the operations of Lessee under this Lease, end the marketing of any product thereof, or Labor relations in connection with eueh operations or marketing. RHPORTS -- On or before the Las! day of each and every calendar month durinb the tern of this Lease, Lessee shall make a sworn, verif led, written report to Lessor in which shell ba entered and sat down the exact amount in tans of all materLa is removed Erom said premises during the pretodin6 ca lender month. Such sworn, verified, written etatemente shall clearly set forth the tonnage ea shorn by product Lon reports, and shall also show the use or disposal by Lessee of eueh materials. SURRENDER -- Lessee may at any time surrender and cancel this Leaso insofar as the same covers all or any portion of the Lends herein leased end ba relieved Erom further obligations or Liability hereunder with respect to the Lands ^o surrendered; provided that no partial surrender or eancellatlon of this lease shall be for less than contiguous tracts of approximately forty (40) acres or Governmental Lot corresponding to a quarter-quarter section; provided further that this surrender clause and the option herein reserved to Lessee shall cease and become absolutely inoperative immediate Ly and concurrently with the institution of any suit in any court of Law by Lessee, Lessor or any assignee of either to enforce this lease, or any of its terns, express or implied, but in no ease shall surrender be eEEectivo until Lessee shall have made full provie ion for protection of the surface rights of the Leased premises.