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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />.:_ - `: j <br /> <br /> <br /> i:.~:,. <br /> <br /> <br /> <br />•. <br /> <br /> <br /> <br />t <br /> <br /> <br /> <br /> <br />'i <br />u <br />., The period covered by t;.is lease, unless othervrise terminated <br />~!'~vnder the provisions hereof, or by mutual consent, shall extenfl <br />~~ to J'aly 1, 1970. ' <br />~; ~ The parties of uhe second part further a;;ree to nay as royal ty <br />for all coal extracted frog: said , revises, ti:e sum of .~j' cents per <br />ton of t1:o thousand (2000) pounds of wine/run for the first t::enty <br />i <br />~ ti:ouscnd (20,000} tons extracted during any annual period '.:ereunder, 1 <br />: f/~C`~~ y ~ .. <br />-nn --~ (IJf) cents per ton for all coal extracted in excess of <br />I <br />f twenty thousand (20,000) tons during any sucia annual period, said <br />~. royalty payments to be :vade on or 'oef ore t;.e 15ti: da.y of rack and <br />~; every calendar montL for all coal extracted during the preceeding <br />. calendar ruonth. Provided, that rr~iniwu.~ operations hereunder shall <br />'~be such ae to yield not less than 7ivp Hundred Dollars (;j500.00) <br />`royalty dvrino any annual perio3;~end that if such mine cper.tions <br />do not yield such revenue, t;:::.t ti~epazt:es of t:ie second part Trill, <br />' nevertheless, maize s'ach payments iereunder as shall equal not less <br />t:ra n Five Hundred Dollnrs (u500.00) for eacl~ annual period. <br />.t <br />Tire parties of the second part covenant and agr~.;e to conduct <br />. their mining operations in a Good and Workmanlike mahncr, in keepin~~ <br />• ritl: good mining practice, vzd in such manner as to recover as w•~ch <br />i <br />~~ of ti:e Workable coal availa:ole as possi'ol e, and to Prevent the loss <br />~' of workable coal in any -seam; ti:at they shall comply writ;: good na::ink <br />practices pertalhing to develo~sients of entries and rooms, extraction <br />f <br />of pillars, timbering, and all other mining operations, v.~ith due <br />'~'~ regard for safety of life and property. <br />It is f+trt'.:er agreed t,`,at the parties of the second ocrt gill <br />comply writ:: all Tans and rei,ulations~of the State of ColorGo, or of <br />.::o ....'CCi Stn COf•, .+! c° nnY bureau or dnpnrtrnent rut:. nrt2°3 ~... - - <br />~ander, pertaining to coal mine operations, and that they s:arll r •'e <br />the Tarty of t`.e First part hnr:a ens frog any and all li 2bility '_y <br />reason o° the operation of coal r.,ires under tLic lease any e~rer..en`.; <br />-2- <br />- s - <br />