SURFACE OWNER. The Surface Owner now wishes to enter into this agreement giving Delta the exclusive right to Lease so much of the surface as is needed and/or required to explore for, mine, produce and remove the Mineral Property, as defined above in A. In consideration for the right to use so much of the surface as is needed and/or required, Delta will pay Surface Owners $20.00 per acre per year for grazing land and $50.00 per acre per year for crop land taken out of production until the time Delta reclaims the land to its original productivity. Delta also agrees to pay Surface Owners $1,000.00 per acre for crop land and $500.00 per acre for grazing land as compensation for any land taken out of permanent grazing or farming production.
Appears in 2 contracts
Sources: Exploration License, Mineral Purchase Option and Lease Agreement (Delta International Mining & Exploration Inc), Exploration License, Mineral Purchase Option and Lease Agreement (Delta International Mining & Exploration Inc)