Common use of ADVANCE ROYALTIES Clause in Contracts

ADVANCE ROYALTIES. Lessee agrees to make advance royalty payments to Lessor during the term of this Lease as provided in this Paragraph 4(a) (“Advance Royalties”). (i) Lessor and Lessee each acknowledge and agree that all Advance Royalties payable to Lessor under this Lease from and after the Effective Date through “April 1, 2018 have been paid in full. (ii) Effective as of July 1, 2018, Lessee shall pay Advance Royalties to Lessor as follows: For the Lease Quarter beginning 7-01-2018 and each, of the next ensuing seven (7) successive Lease Quarters (ending 6-30-2020) Advance Royalty of $100,000 shall be paid quarterly, with payment made on or before the first day of each such Lease Quarter For the Lease Quarter commencing 07-01-2020 and each ensuing successive Lease Quarter during the remaining term of this Lease Advance Royalty of $150,000 shall be paid quarterly, subject to a CPI Adjustment as provided below, with payment made within 30 days after the end of each such Lease Year (iii) The Advance Royalty payable to Lessor for the Lease Year commencing on July 1, 2020 and for each successive Lease Year thereafter shall be adjusted on each anniversary of the Effective Date (7-1-2013) by a percentage equal to the percentage change in the Consumer Price Index (all Urban Areas), U.S. City Average, published by the U.S. Department of Labor, for and during the prior calendar year (the “CPI Adjustment”). Any Advance Royalty payable to Lessor under this Lease prior to the Lease Year commencing on July 1, 2020 shall not be subject to the CPI Adjustment.

ADVANCE ROYALTIES. Lessee agrees to make advance royalty payments to Lessor during the term of this Lease as provided in this Paragraph 4(a) (“Advance Royalties”).. Second Amendment March 1, 2016 (i) Lessor and Lessee each acknowledge and agree that all Advance Royalties payable to Lessor under this Lease from and after the Effective Date through “April 1September 30, 2018 2015 have been paid in full.full.1 (ii) Effective as of July October 1, 20182015, Lessee shall pay Advance Royalties to Lessor as follows: For the Lease Quarter beginning 710-01-2018 2015 and each, each of the next ensuing seven nine (79) successive Lease Quarters (ending 602-3028-2018) Advance Royalty of $60,000 shall be paid quarterly, with payment made on or before the first day of each such Lease Quarter For the Lease Quarter beginning 03-01 2018 and each of the next ensuing ten (10) successive Lease Quarters (ending 12-31-2020) Advance Royalty of $100,000 shall be paid quarterly, with payment made on or before the first day of each such Lease Quarter For the Lease Quarter commencing 07-01 01-2020 2021 and each ensuing successive Lease Quarter during the remaining term of this Lease Advance Royalty of $150,000 shall be paid quarterly, subject to a CPI Adjustment as provided below, with payment made within 30 days after the end of each such Lease Year (iii) The Advance Royalty payable to Lessor for the Lease Year commencing on July 1, 2020 and for each successive Lease Year thereafter shall be adjusted on each anniversary of the Effective Date (7-1-2013) by a percentage equal to the percentage change in the Consumer Price Index (all Urban Areas), U.S. City Average, published by the U.S. Department of Labor, for and during the prior calendar year (the “CPI Adjustment”). Any Advance Royalty payable to Lessor under this Lease prior to the Lease Year commencing on July 1, 2020 shall not be subject to the CPI Adjustment.

ADVANCE ROYALTIES. Lessee agrees to make advance royalty payments to Lessor during the term of this Lease as provided in this inthis Paragraph 4(a) (“Advance Royalties”). (i) Lessor and Lessee each acknowledge and agree that all Advance Royalties payable to Lessor under this Lease from and after the Effective Date through “April 1September 30, 2018 2015 have been paid in full.* (ii) Effective as of July October 1, 20182015, Lessee shall pay Advance Royalties to Lessor as follows: For the Lease Quarter beginning 710-01-2018 2015 and each, each of the next ensuing seven (7) successive Lease Quarters (ending 609-30-2017) Advance Royalty of $60,000 shall be paid quarterly, with payment made on or before the first day of each such Lease Quarter For the Lease Quarter beginning 10-01-2017 and each of the next ensuing ten (10) successive Lease Quarters (ending 06-30-2020) Advance Royalty of $100,000 shall be paid quarterly, with payment made on or before the first day of each such Lease Quarter For the Lease Quarter commencing 07-01-2020 and each ensuing successive Lease Quarter during the remaining term of this Lease Advance Royalty of $150,000 shall be paid quarterly, subject to a CPI Adjustment as provided below, with payment made within 30 days after the end of each such Lease Year (iii) The Advance Royalty payable to Lessor for the Lease Year commencing on July 1, 2020 and for each successive Lease Year thereafter shall be adjusted on each anniversary of the Effective Date (7-1-2013) by a percentage equal to the percentage change in the Consumer Price Index (all Urban Areas), U.S. City Average, published by the U.S. Department of Labor, for and during the prior calendar year (the “CPI Adjustment”). Any Advance Royalty payable to Lessor under this Lease prior to the Lease Year commencing on July 1, 2020 shall not be subject to the CPI Adjustment.