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injuries (including death at any time resulting therefrom) or on account of damage to <br />property sustained by any person or persons arising out of or in consequence of <br />LICENSEE's use of the Property described in this Agreement whether or not such <br />bodily injuries, death or damage to property arise or are claimed to have arisen in <br />whole or in part out of the negligence or any other grounds of legal liability, but <br />excluding, however, any liability caused by the sole negligence or willful misconduct <br />of LICENSOR or its employees or agents of LICENSOR. Without limiting the <br />foregoing, LICENSEE shall maintain in force the following insurance; <br />(a) If LICENSEE has any employees (whether full or part time), Workers' <br />Compensation Coverage, Traumatic Injury (including death) and <br />Occupational Disease Disability insurance in accordance with the lawns of the <br />state in which the Property is located for all employees located on the <br />Property; and <br />(b) Comprehensive General Liability and Property Damage insurance (including <br />contractual coverage) with bodily injury limits of $2,000,000.00 per person <br />and $2,000,000.00 aggregate and property damage with a limit of <br />$1,000,000.00 aggregate; and <br />(c) Accident insurance covering each participant in an amount of $1,000,000.00 <br />per person and aggregate. <br />All insurance policies must reflect LICENSOR. as an additional insured and contain <br />an unqualified provision that the insurance carrier will give LICENSOR ten (10) <br />days' prior written notice of any cancellation, change or lapse of such policy. Prior <br />to utilizing the property herein and upon LICENSOR'S request, LICENSEE shall <br />furnish to LICENSOR a certificate of insurance showing that the requirements of <br />this paragraph have been satisfied. <br />4. Permits_ and Reclamation. LICENSEE shall bear the responsibility and cost of <br />obtaining all federal, state, and local permits necessary to perform exploration <br />activities on the Property as authorized in this Agreement and LICENSOR agrees to <br />provide any consent necessary to secure such permits. LICENSEE shall be <br />responsible for and shall perform all reclamation necessary to restore the disturbed <br />portion of the Property to its prior condition or to a condition approved by Licensor <br />as a result of LICENSEE'S operations and for other costs and liabilities, including <br />without limitation, payments to LICENSOR for surface damages, replacement of <br />fencing, loss of livestock, loss of forage, and use of water supplies. LICENSEE <br />shall conduct all operations in compliance with all federal, state, and local laws and <br />regulations. LICENSOR shall advise LICENSEE of any special or unusual <br />conditions required by any lease agreement or other agreement applicable to the <br />real property described in Exhibit A. <br />5. Term of Agreement. This Agreement shall be and remain in effect for a period <br />commencing with the Effective Date and ending on December 31, 2015. During this <br />term, LICENSEE may suggest additional exploration hole locations for <br />LICENSOR'S consideration. <br />