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2014-09-15_REVISION - M2007044 (3)
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2014-09-15_REVISION - M2007044 (3)
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Entry Properties
Last modified
6/16/2021 2:12:34 PM
Creation date
9/24/2014 7:05:37 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M2007044
IBM Index Class Name
Revision
Doc Date
9/15/2014
Doc Name
Incomplete, Legal Right to Enter for Verification
From
Energy Fuels Resources (USA) Inc.
To
DRMS
Type & Sequence
SO1
Email Name
THM
GRM
Media Type
D
Archive
No
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21. Release of Property. Energy Fuels may at any time execute and deliver to Lessor <br /> a release covering all or part of the Subject Properties and thereby surrender this Agreement as to <br /> all or the designated part of the Subject Properties and terminate all obligations as to the Subject <br /> Properties surrendered except royalty and other obligations accrued as of the date of such <br /> release. Such surrender shall become effective upon payment to Lessor of all sums due and <br /> payable to Lessor as of the date of such release. No surrender shall relieve Energy Fuels from its <br /> obligation to pay any royalties as to Minerals mined and slopped or sold prior to the effective <br /> date of surrender, or from any obligation hereunder arising out of any act or omission of Energy <br /> Fuels prior to the effective date of surrender. Any surrender of all or part of the Subject <br /> Properties must be preceded by a written notice delivered a minimum of ninety(90) days before <br /> any annual assessment work obligations or BLM maintenance,rental or similar fee is due on the <br /> claims which comprise the Subject Properties. <br /> 22. Evidence of Release. In the event of a valid forfeiture, surrender, expiration or <br /> termination of this Agreement as to the Subject Properties or any part thereof, Energy Fuels shall <br /> surrender to Lessor peaceable possession of the Subject Properties covered by the forfeiture, <br /> surrender,expiration or termination and,pursuant to C.R.S. 38-42-104,shall deliver to Lessor an <br /> appropriate,recorded instrument releasing and terminating its interest in this Agreement and the <br /> said Subject Properties,or the applicable part thereof. Within thirty(30)days after termination of <br /> this Agreement as to the Subject Properties, Energy Fuels shall also deliver to Lessor all <br /> documents and factual information, such as geological data, assays, claim maps, logs, drill hole <br /> location, and other similar data, obtained by Energy Fuels in its operations on the Subject <br /> Properties. It is expressly understood and agreed, however, that Energy Fuels will not be <br /> obligated to furnish Lessor with interpretative data that deals with geologic concepts or other <br /> internal proprietary data,information or analysis as described in Paragraph 13(b)hereof. <br /> 23. Removal of Equipment. Within thirty (30) days after a valid forfeiture, <br /> cancellation, expiration or other termination of this Agreement, Energy Fuels shall offer to <br /> Lessor and Lessor may acquire at a price mutually agreed upon all buildings, structures, <br /> warehouse stocks, merchandise, materials, tools, hoists, compressors, engines, motors, pumps, <br /> transformers, electrical accessories, metal or wooden tanks, pipes and connections, rails, mine <br /> cars and any and all machinery,trade fixtures,equipment and personal property erected or placed <br /> in or upon the Subject Properties by Energy Fuels. As to any of the foregoing items not acquired <br /> 12 <br />
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