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j <br />poinx gy~ptitiea. ream production au[ficient to aturn roraltiea to <br />leaaoc equal to ttu advmaa riniimat royalty. <br />6, -- l pamlty shall ba irpoud foc, but ndt 11.mitad to, late ^ <br />payranta, improper payranta, violatima of any covenants of this Laaan, I Jl <br />or my Palo atttaunla made to Leuor. pmaltln shall M detawinad by <br />Guor and may M in tM [oem ot, bu4 not ltnited to, tnbraat, Few, and <br />fines. <br />1. Oya4QiDI{10 aOSALSY LIMITATIOYa -- t! is caned that thin lease or any <br />subsequent aaai6~rtt heraot shalt not be burdaasd with ovecridina <br />royaltin the aaaraaata of which exceeds two pecamt (IL) of tM {core <br />valve of tlu aineraU or on at tM fiat point of ule. Geuor neat 6e <br />mtifiad of all ovarcidina royalties aceruina to thin lease. Violation <br />of the above guy aublact phis lun to cancellation 6y Lanor. <br />!. ~@I4~i - Waua, with tM wri!!an comen! of Leaver, soar usiaa thin <br />Laaaa as to ttr lauaMld inGnat of lessee Ln •ll ac paM o[ the lands <br />cowed Mnby, not .lug, kowewr, than tracts o[ approxinably forty <br />(;a) uraq or aov~rnmaatal lots corraapondtna to a ~gwrter-quarter <br />NCtim foc paetial uaianaant, yoe approval of such aasia+u-eat Leaaor <br />nay shares as uaiameat fee Ln m aaount.eucrently in •ffeet at the tLma <br />of tM aulaa..at. <br />. It m alaianrmt of a paM ~ of thin lsua is approved, t paM Lsue <br />duiaaatad u as uaianvrat will M iiauad !a flu uriaaea eoverlna the <br />laMa « aiaMd [oc tM- balance o[ the tens of tlu bass lava on the <br />atinint least Pont in un at the Has of aasiEnment and Liaitad as to taro <br />u uLd lease La 11mLGd. She uaLanor will ba released and diacMraed <br />Eros all Cucthsc aDLlaalLant far ouch Lando aaslannd, as tt the •aar had <br />mvar Mm a part of thta lun. <br />Yo uaiacwent oc tranater of this lease will be held valid by Lesser <br />unlua wade wLth tta cmamt in writing and duly entered in tfie books oc <br />records of Leaaor. - <br />Maitneroot Cmaidaration -- The Dona idaration Eor approval~af aesianment <br />by Laanc shall ba tm veraan! (_ lOt ) of the value of any <br />eontidaration tmdarod to the Asai;nor by the Asaianaa Eor the <br />uaianrnl. Oivulamce at tlu value of theta eonaiderationa shall ba <br />aandatop, in affidavit fora, which form elull be preeanlad to Leaaor <br />^lona with ttu ollur usi6nmant inateumenb Ln order to obtaLn Uasor'• <br />approval Lor ttu aasisnnant. An aasianment does not eanstLWta anew <br />Lon but is a cmtinuatlon of !ha bane leans. 'Aar attempt to withhold <br />this Latonstion shall be eomtrued as an attempt to defraud the Stab o! <br />Colorado tad shall rends thin Lou null, .void, and nomxirtent, rood all <br />mnLas paid to Leaaor e1u11 be tortaited to Lanor. In addition, the <br />euceaat statutoey teas will M paid at the time tM anianmmt record <br />ton in submitted. <br />9. ADlaalDSYTa ODTpID{ TH6 Ta&la Op THiB LaABB -- Ho uaLannent of undivided <br />intsaats or ratmtion or rnarvatim of overctdlna Myalt Les wLll be <br />naoaniteQ or apprawd 6y Lauoel and the afUat, Lf uy, of any ouch <br />usiaouaats or nuevatiom will ba strictly and only a between the <br />paetiu tMrato, and outdda ttu bras of this Lan, and no dispute <br />between parties to my such anla[uank or reservatim shall opsata to <br />nliava twnaa tree pnrtarmanda of any Peer or eonditiom tunrt or to <br />parlpom tM 'liar lMntor. Gnoc will sad shall at all liars M <br />mtilLad W look solely to Guu oe its anianu shown m Guor'r books <br />u Mica tM nla owner Mraot, and for ttr sendLna of all mtiea• <br />roquirad by this lean and for the partormmu of all !arms and <br />eanditiam Mno[. <br /> <br />altMuah mt binding on Gsnr, all inrtnarnts o! every find and <br />naluw wtuGoever, iaoludina but mt 1ladked to subUua aaraaarnG and <br />oparatina aaraewntq aftutLna khia loan shall M Iliad in the ncordr <br />of !tr t[inaeaL Mpacttaat of Wawc. Upon eywat, such instruaants <br />furniatud may ba kept conlidmtLal u conrislent within the law, t~ <br />10. ptt oaTB -Alter oparatiam Maio, i! La aaMad the! on or Mtora the <br />Lot day of sash month dueina the taw of this leua Lanu atoll submit <br />.. •~ U Q 3 6 4 5 ant roredro~anA rietC down tMtt s`xard`Pt omtownt itrtawi6ht ot1mi11 produeNa~ndithe <br />uaay tMceot mined and reagvad from acid Leased preains during the <br />