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thereunder; provided, however, the Lessor shall not have any obligation to provide such <br />consent or further assurances if Energy Fuels has been determined to be in default under <br />any of the provisions of this Lease. Any delay or refusal by the Lessor to provide such <br />consent on the grounds that such consent or further assurances are not reasonable shall <br />not affect or delay the payment of royalties hereunder. <br />16. Amendments. This lease will not be considered to be modified or amended <br />in any way or at any time by actions or inactions of the parties unless such modification or <br />amendment shall be set forth in full, in writing and shall be properly executed and <br />acknowledged by duly authorized representatives of each of the entities identified as <br />Lessor herein and as Lessee. <br />17. Recording of Lease. Lessor and Lessee hereby agree to file a copy of this <br />ease of record in the Fremont County, Colorado records for providing third parties with <br />notice thereof. <br />18. Counterparts. This Coal Mining Lease may be executed in any number of <br />counterparts, each of which shall be deemed an original and all of which taken together <br />shall constitute one and the same instrument. <br />19. Governing Law. This Coal Mining Lease shall in all respects be construed <br />under and governed by the laws of the State of Colorado. <br />20. No Waiver. No waiver, failure to act or delay in taking an action by the <br />Lessor as regards any breach or alleged breach of any of the provisions of this Lease shall <br />be deemed as a continuing waiver or shall preclude the Lessor from seeking strict <br />performance of and compliance with the terms, covenants and conditions hereof as to any <br />other breaches or alleged breaches of the terms of this Lease. <br />I: \JMM \SOUTHWIND <br />Mining Lease <br />March 23. 2000 12 <br />