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. <br />i i <br />L . <br />I the price of coal. As these variations occur, the rental to be paid to <br />• Lessors hereunder, similarly, shall vary. <br /> In Stilly, Lessee agrees to pay to Leecor• a royalty of $1.00 <br /> for each ton of coal which is saleable for heating~purpo sec and vh ich Sc <br />~ ~,; <br /> .~ <br /> . mined from the premlaee above described. It is agreed betveeo the parties <br /> . that coal is currently telling at $16.00 per ton at the tipple. There will <br /> • be no increase iv the royalty until the price of coal reaches $23.50. At <br /> that point, the ran talc to be paid to Lessors vculd amount to $1.00 per ton <br /> and such rental shall never fall below this figure. However, for every <br /> $1.00 per ton increase Sn the price of coal at the ilpple past $23.50 per - <br /> . ton, Les so ra shall receive a five and one-half percent increase in the <br />.. ~ amount of rental paSd to them. Ac additional tonsiderati on the Lessee <br /> will pay a bonus to Luty J. Hari ioes in the amount of Five Hundred and <br /> <br />...~...... r,. ~ . _.. <br />no/100 dol lore ($500.00)...:. T~= 1. t.. i'.~r <br /> All rental ~paymen is to be made by Lessee to Lessors shall be made - <br /> not later than fiftern days following the end of the calendar month and <br /> shall be for all Coal vhlch is saleable for heating purposes which Ss <br />• mined and told during said month. In making this rental payment Lessee <br /> shall also give Lessors a complete statement of the amount of coal mined <br /> end ao ld during the preceding month. One-half of the rental which is to <br /> be paid, shall be depos is ed co the account of Het Hart in ei at the Citizens <br /> Bank of Pagosa Springs. 1'he other onrhalf of the rental payeb le shall be <br /> deposited to the ae to unt of Luey Hartinez at the First Nat to nal Bank of <br /> Durango. In the event of the death of either of the Lessors the deceased's <br /> respective share ~K 11 be paid equally to David and Amos ?fartinez, their <br /> eon4 and deposited in assn rd anee with the respective eon's instruc [ions. <br /> 2. ifien mining operations ere concluded or following the termination <br /> of this lease, Lessee will tomplet sly restore all areas where So airip <br /> minSng has been engaged Sn. Such restoration shall include replacement of <br /> overburdrn removed by Lessee preparatory io strip mining operations and the <br /> reseeding of same with brome grass and intermediate wheat grass. In •ddi[ion, <br /> Lessee shall comply with all governmental lave and regulations relating to <br /> strip minSng operations end the restoration of ground, imposed by any crate, <br /> federal or county governmental agency or evthority. <br />~_ <br /> <br />