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POWDERWASH EXHIBIT - N <br />4. PAYMENT By the 20th of each month during the term hereof, Lessee shell wmpute all <br />royalties due Lessor hereunder and prepare an invoice for submission to the Board of County <br />Commissioners. lessor shall be paid pursuant to Lessee's routine procedures. <br />5. RECORDS Lessee shall, at all times, keep written rewrds of the amounts of materiel <br />removetl from Progeny, which records shall be available to lessor forthe purpose of verifying. <br />6. RECLAMATION Lessee agrees R will reclaim the poftion of the Property from which it <br />removed sand and 8revel in awordance with the requirements of fhe Division of Mineral and Geology of <br />the State of Colorado. Lessee shall have the fight of awes t0 the Property subsequent to wmplelion of <br />its mining, to complete all necessary reclamation, which dght shall continue for not mare than five (6) <br />years after cessation of mining. <br />Dudng the reclamation, and for any sand end gravel to which a royalty Des been paid, Lessee <br />may remove any sand and gravel stockpiled tludng mining. <br />7. FINAL ACCEPTANCE The final acceptanw o1 the Santl end Grevel Lease Is wntirtgent on <br />the application being accepted by the Division of Minerl and Geology of the State of Colorado issuing <br />Lessee an apprapdate mining permit. <br />IN WITNESS WHEREOF, the parties hereto have set their hands and seals the day and year <br />first eDOVe wdhen. <br />p (SEAL) <br />. (SFAL)(XS\EAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />THE BOARD OF COUNTY COMMISSIONERS <br />F THE COUNTY OF MOFFAT, STATE OF <br />COLORADO, LESSEE: <br />BY: l Yr~ ~~hyll r ~ ... <br />n~_ SEAL <br />Exhibit - N Page 2 <br />