- A. If minerals are not produced or mined in paying quantities during the primary term, then the lessee may continue the lease in full force and effect through a secondary term. The secondary term shall be two years and so long thereafter as minerals are produced or mined in paying quantities.
- B. Annual rent during the secondary term shall be ten dollars per acre, which amount shall be paid each year in advance.
[19.2.2.45 NMAC - N, 03/14/2001]