PERMFILE135476

• Permit No: M1995023
• IBM Index Class Name: Permit File
• Doc Date: 4/4/1995
• Doc Name: Exhibit G - Legal Right to Enter
• Media Type: D
• Archive: No

leases shall be so made as not to interfere with the operation of this lease, and so as to require the
grantees of such rights to assume all risk resulting therefrom.
1). All rights and privileges of every kind and nature not herein expressly granted.
'['O HAVE AND TO HOLD The above-described premises, with the appurtenances, unto Lessee and the
heirs, assigns, successors or legal representatives of Lessee, from 12:00 Noon on the 22nd day of
Febrvar~, 1995 ,for the term of Pve ( 5 ) yeazs, until 12:00 Noon on the 22nd day of February ,
2000. One five year extension shall be negotiated within sixty (60) days prior to the termination date herein.
Lessor r•sserves the right not to renew this lease.
ROYALTY -- Lessor reserves as royalty, and Lessee agrees to pay to Lessor on or before the last day
of each calendar month following the month of production, $ .50 per ton of 2000A', or 10 %
~~f the gross sale price at the first point of sale, whichever is greater.
Within sixty days prior to the termination of each and every two-year period for so long as this
lease remains in effect, Lessor may reappraise the property herein leased and fix and determine the rate
~~f production royalty to be paid during each year of the succeeding five-year period. Failure to comply
with any new royalty rate set by Lessor may subject this lease to cancellation by thirty~ay written notice
by Lessor.
2. ADVANCE MINIMUM ROYALTY -- As minimum and advance royalty, without relation to the amount
of material mined from the leased premises, Lessee shall pay annually in advance to Lessor the following
amounts:
LEASE YEAR
1995
1996
1997
1998
1999
AMR
None
None
None
None
None
LEASE YEAR AMR
Royalty due for material produced from said premises shall be credited against such advance minimum
royalty until the total sum is equal to the advance minimum royalty previously paid to the State, at which
time a regular monthly royalty will be due and payable as herein provided. In the event Lessee does not
extract minerals from the leased premises during the lease term or any term so agreed to by Lessor, the
minimum amounts above paid to the State will be forfeited.
Acreage changes resulting from surrender or partial assignment may reduce the advance minimum royalty
proportionately. Further, at the end of each two-year period, commencing from the original lease date,
Lessor may reasonably change the rate or amount of advance minimum royalty to be paid by Lessee.
Incase of assignment of this lease, all advance minimum royalty paid to the State shall be carried forward
and credited to the new assignee.
PENALTIE -- A penalty shall be imposed for, but not limited to, late payments, improper payments,
violations of any covenants of this lease, or any false statements made to Lessor. Penalties shall be
determined by Lessor and may be in the for of, but not limited to, interest, fees, and fines.
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