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. I <br />. ' 11/14!/LVNV 1V. iV rq6 GViV'A-2-2V'*'f FAA&4"" VAL. ....V[14. <br />(c) Estimated revenues; <br />(d) The estimated costs that a prudent person would <br />consider before deciding to operate the proposed <br />project, including but not limited to, the cost of <br />developing the oil shale through mining or in-situ <br />processing, processing the produced shale oil to <br />make it salable, transporting the final product to <br />market, paying applicable royalties and taxes, and <br />complying with applicable laws and regulations, the <br />proposed lease terms, and special stipulations. <br />The authorized officer may request from the <br />applicant, or the applicant may submit, any other <br />information necessary to conduct an environmental <br />analysis of the proposed operation, formulate <br />mitigating measures and lease terms and determine <br />commercial quantities. (2) Payment of a bonus based <br />on the Fair Market Value of the lease, to be <br />determined by the Lessor utilizing criteria to be <br />developed through the rulemaldng described in <br />subsection(b) or other process for obtaining public <br />input; (3) Documentation of the Lessee's consultation <br />with State and local officials to develop a plan for <br />mitigating the socioeconomic impacts of commercial <br />development on communities and infrastructure; (4) <br />Provision of adequate bond to cover all costs <br />associated with reclamation and abandonment of the <br />expanded lease area; and (5) BIM's determination, <br />following analysis pursuant to the National <br />Environmental Policy Act (NEPA), that commercial <br />scale operations can be conducted, subject to <br />mitigation measures to be specified in stipulations or <br /> <br />.ty -rV d V <br />regulations, without unacceptable environmental <br />consequences. <br />(b) Such commercial lease shall contain terms <br />consistent with regulations to be developed by the <br />Secretary pursuant to section 21 of the Act and <br />stipulations developed through appropriate NEPA <br />analysis. <br />c) The Secretary, whenever he/she determines it <br />necessary to promote development or finds that <br />the lease cannot be successfully operated under its <br />terms, may waive, suspend or reduce the rental, or <br />reduce the royalty but not advance royalty, on an <br />entire leasehold, or on any deposit, tract or portion <br />thereof, except that in no case shall the royalty be <br />reduced to zero percent, An application for any of <br />these benefits shall be filed with the authorized <br />officer. The royalty shall be subject to the <br />readjustment of lease terms at the end of the 20th <br />lease year and each 10 year period thereafter. <br />Section 24, Reimbursable Costs <br />In applying for required approvals, the lessee under <br />the oil shale research, development and <br />demonstration, lease shall reimburse BLM for those <br />costs itemized iu Addendum A to this lease. <br />Section 25. Special Stipulations. <br />Attached to and made a part of this lease. <br />THE UNITED STATES OF AMERICA <br />(Company or Lessee Name) <br />(Signature of Lessee) <br />(Title) <br />(Date) <br />By _ C. Steuhen Allred <br />(DO1) <br />Assistant Secretary <br />Land and Minerals Mariamment <br />('title) <br />(Date)