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Sodium Lem C-0120057 <br />of the lease at the rate of 2S cents for the first calendar year or fracdat <br />thereof, 50 cents for the second. third, fourth. and frith calerAff Years <br />respectively. and $1 for the sixth and each succeeding calendar year. <br />(b) REN'T'AL CREDITS • The rental for any year will be credited <br />against the first royalties as they accxtte under ttte lease during the year <br />for which rental was paid. <br />Sec. 2. (a) PRODUCTION ROYALTIES - I tssae shall pay lessor a <br />production royalty of 5 p=ent of the grass value of the output of the <br />leased deposits at the point of shipment to market. Such production <br />royalty is due the last clay of she month neat following the month in <br />which the minerals are scold at removed from the leased lands. <br />(b) MINIMUM ANNUAL. PRODUCTION AND MINIMUM ROY- <br />ALTY - Beginning with the sixth lease year: <br />(1) Lessee shall produce on an annual basis a minimum amount of <br />LOW tons of sodium or related products through the tenth lease year. <br />2.000 tarns the eleva nth through fift,oeath lease yam and 3A00 was <br />thereafter for the remainder of the initial 20-yew lease tam; or <br />(2) At the request of the lessew, made prior m initiations of the least <br />year. the authorized officer may allow in writing the payment of a <br />S3.00 peer acre or fraction theroof minimum royalty in lieu of produc- <br />tion for anypanicuharleast yew. Minimurn royalty payments shall be <br />credited to production royalties for that year only. <br />(3) The authorized officer shall not accept payment of minimum <br />royalty for more than a total of 10 yearns during the initial lease tern. <br />Sex. 3. SUSPENSION - Lessee shall notify the authorized officer <br />when operations are interrupted by strikes, the demenon, or cmaltires <br />not attributable to the lessee. Upon spplicsttion of lessee„ leer may <br />approve suspension of operations under the lease when marketing <br />conditions are such that the lease cannot be operated except at a loess. <br />In the interest of conservation of nathaal resources. the terra may <br />waive, suspend. or reduce rental, or minimum royalty. or reduce <br />royalty, and may direct or assent to the suspension of operations and <br />production under this lease in acoxi*ai ce with section 39 of the <br />Mineral Leasing Act, 30 U.S.C. 209. <br />Sac. 4. BONDS - Lessee shall maintain in the proper office an initial <br />lease bond in the amount of $5=, or in lieu thereof, an acceptable <br />statewide or nationwide bond The authorized officer may adjust the <br />bond amount as determined appropriate for operations under this <br />lease. Lessor shall require a law bond sufficient to satisfy rental and <br />royalty payments as well as lessee's performance bond under 43 CFR <br />23 for operations and reclamation requirements in theevent that lessee <br />fails to fully comply with lease teams., conditions, and stipulations. <br />Sec. 5. DOC'U°h' ENI"S. EVIDENCE AND INSPECTION - At such <br />mimes and in such form as lessor may prescribe, lessee shall furnish <br />detailed statements showing the amounts and quality of all products <br />removed and sold froth the lease, the proceeds therefrom. and the <br />amount used for production purposes or unavoidably lost. <br />Pa <br />any duly audmxizcd officer of lessor, the leased premises ax <br />swface and underground improvements. works. machinery. ore st, <br />pile& equipment, and all books, accor m. maps. and records rel: <br />to op mWons, surveys. or investigations on or Linda the teased la <br />I=m either shall submit or shall provide lessor access to. <br />copying of, documents reasonably necessary to verify lessee tort <br />ante with terms and conditions of the least. <br />liVh& this lease remains in eff=L amnation obta W under <br />section shall be. closed to Wspection by the public in accordance <br />the Freedom of Information Act (5 U.S.C. 551). <br />Sec. & WATER RIGHT'S - All water rights developed by the 1G <br />through operations on the lease lands shall immediately become <br />property o€ the lessor. t essee shall have the right to use those w <br />rights free of charge for operations under this lease. <br />Sex. 7. CONDUCT OF OPERATIONS - (a) Lessee shalt e:xex <br />reasonable diligence, skill, and carne in the operation of the props <br />and shall carry on art operations, having due regard for die proven <br />ofinjury wlife,health,orpropemy,andpreventionofwasteordam <br />at depadatiort to any land. water, or mineral ,resources. <br />(1) Le sm shall not conduct rxplaratuan or operations. other t <br />casual use. prior to approval of plans of exploration or operation: <br />lessor and the receipt of necessay permits. <br />(2) Tate shall carryon all operations in accordance with appro <br />methods and practicts, and as provided in the operating regulati <br />and in the approved mining plan, in a maim that minimizes advt <br />impacts to the land, air. water, cstlunL biological. visual. and of <br />reSoura% including rninerai deposits and fornnations of mini <br />de:pos snot teased beteundex,and to other land uses or users. I= <br />shall talcs measures deemed necessary by lessor to accomplish <br />intent of obis lease terns. Such meaturts may include. but art <br />limited to, moa&ztkz to proposed sting or design of facitic <br />timing of operations, and spec ificatioa of interim and final retlar <br />lion procedures. <br />(3)1.essor reserves to itself the right to lease. sell. or oUMM <br />dispose of the surface or other mineral deposits in the lands and <br />right to continue existing uses and to authorize future uses upon o. <br />the leased lands. including issuing leasers for mincral deposits <br />covered hereunder and approving of easements or rights-of,--w <br />I.essuor expressly reserve the right to issue oil shale leases for all <br />any part of the lands subject to this lease, including the Saline Zo <br />1.cssor also reserves the right to issue sodium leases for all or any p <br />ofthe landssubjeato this lease.exchx1ingthe SahineZone, giving c <br />regard to the rights of lessee to the deposits leased herein. Lessor sh <br />condition such asses to prevent unnecessary or unreasonable interf <br />once with rights of lessee as may be consistent with concepts <br />multiple use and multiple mineral development. <br />(b) Exploration, Development, and Production of Leased Depos <br />and Other Operations in Oil Shak or Other Leasable Deposit. <br />t.cssee shall not conduct exploration. or mining operations that,t <br />Lessee shall keep open at all reasonable times. for the inspection of