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0 <br />Sec. 3. Bonds. <br />(a) Purchaser must file with the Authorized Officer and must maintain at all times the bond required <br />under the regulations to be fumfshed as a conditfon to the award of this contract in the amounts established <br />by the Authorized Officer and to furnish additional bonds or security as the Authorized Officer may require. <br />b If all terms of this contract are not fait Ihfully and fully performed by Purchaser, the bond in the sum <br />of $ nra filed at the time of the signing of this contract will be forfeited to the amount of damages <br />determined by the Authorized Officer. If damages exceed the amount of the bond, Purchaser hereby <br />acknowledges liability for such excess. Upon satisfactory performance of this contract, the bonds will be <br />canceled, or if cash or United States securities were furnished in lieu of a security bond, such cash or <br />securities will be returned to Purchaser. <br />(c) Whenever any bond furnished under this contract is found unsatisfactory by the Authorized Officer, <br />the Authorized Officer may require a new bond which is satisfactory. <br />Sec. 6. Expiration of contract and extensions of lime. This contract will expire on 0WS/2008 <br />unless an extension of time is granted in accordance with the provisions of 36 CFR 228.53(b). Written <br />application for an extension of time may be made by Purchaser between 30 and 90 days before the <br />expiration date of the contract. <br />Sec. 7. Duties of Purchaser. Purchaser must take fire precaution and conservation measures and must <br />dispose of slash and other debris resulting from operations hereunder in accordance with written instructions <br />from the Authorized Officer. <br />Sec. B. Notice of operations. Purchaser must notify the Authorized Officer immediately of the <br />commencement and termination of operations hereunder. A report of production will be furnished at least <br />annually by Purchaser to the Authorized Officer! <br />Sec. 9. Responslbillty for damages. Purchaser is liable in damages for the loss or destruction of all <br />Government property for which Purchaser is directly or indirectly responsible under this contract, or resulting <br />from Purchaser's failure to perform under this contract in accordance with the instruction of the Authorized <br />Officer, as well as for costs incurred by Government resultinp from Purchaser's breach of any of the terms <br />hereof, or Purchaser's failure to engage in proper conservation practice. For damages resulting from willful <br />action or gross negllgence of Purchaser, Purchaser's contractors or subcontractors, or any of their <br />employees, Purchaser Is liable for triple the appraised value of damaged or destroyed materials as <br />determined by the Authorized Officer. If the Authorized Officer determines that the damage or destruction <br />did not result from Purchaser's willful action or gross negligence, lesser damages may be charged, buy not <br />less than the actual appraised value of the materials. Purchaser must pay the Government for such <br />damages within 30 days after a written demand therefor by the Authorized Officer. <br />Sec. 10. Violations, suspension, and cancellation. <br />(a) If Purchaser violates any provision of this contract, the Authorized Officer may, after giving written <br />notice, suspend any further operations for the Purchaser under this contract, except such operations as may <br />be necessary to remedy any violations. The Authorized Officer may grant Purchaser an additional 30 days, <br />after service of written notice, to correct any violations. If Purchaser fails to remedy all violations, the <br />Authorized Officer may, by written notice, cancel this contract and take appropriate action to recover all <br />damages suffered by the Government by reason of such violations, including application toward payment of <br />such damages of any advance payments and bonds. <br />(b) If Purchaser extracts or removes any mineral materials sold under this contract during any period <br />of suspension, or if Purchaser extracts any of such material after expiration of the time for extraction or the <br />cancellation of this contract, such extraction or removal is in trespass and renders Purchaser liable for triple <br />damages.