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such policies of insurance shall provide ten days' prior written notice to the Lessor of <br />cancellation or of a material change in coverage. To the extent, if any, that Lessee permits <br />contractor(s) not employed by Lessee to perform work on the Premises, Lessee will <br />require that such contractor(s) demonstrate adequate insurance coverage and will use <br />commercially reasonable efforts to have such contractor(s) obtain "other insured" <br />endorsements in the contractor(s) policies of insurance in favor of Lessor. <br />14. Taxes. The Lessor shall pay all real property taxes levied and <br />assessed against the Premises during the Term of this Lease and the Lessee shall pay all <br />personal property taxes levied and assessed against the Lessee's personal property located <br />on the Premises during the Term of this Lease. As between the Lessor and the Lessee, the <br />Lessee shall be responsible for the payment of any and all sales, use and/or severance <br />taxes related to the severance, sale or use of gold, sand and gravel removed from the <br />Premises. <br />15. Exemption For Sales And Use Taxes. As provided in 39-26-205(3) <br />Colorado Revised Statutes, as amended from time to time, the Premises and all other <br />improvements made to, or installed on, the Premises that are owned by the Lessor <br />(whether constructed by, for or at the expense of the Lessor or the Lessee), shall be exempt <br />from any lien for sales and use taxes owed by the Lessee otherwise imposed by the taxing <br />authorities of the State of Colorado. In order to secure this exemption from the date of <br />execution of this Lease, upon execution of this Lease, the Lessee shall execute and the <br />Lessor shall prepare, execute and file a Memorandum of this Lease with the Colorado <br />Department of Revenue. <br />16. Utilities. The Lessee shall contract in its own name and pay for all <br />charges for electricity, gas, fuel, telephone, trash hauling, water and sewer services, and <br />any other services or utilities used in, servicing, or assessed against the Premises, unless <br />otherwise herein expressly provided. The Lessor makes no representation or warranty as <br />to, and shall have no responsibility or liability in connection with, the current or future <br />availability of any utilities to the Premises. The Lessor shall have the option, but not the <br />obligation, to pay any delinquent utility charges of the Lessee and in such event, on notice <br />to the Lessee, the amounts so paid shall be due within 15 days of notice by the Lessor. <br />Within 60 days after termination of the Lease, any utility lines and facilities installed by <br />the Lessee shall be removed from the Premises; provided, however, that the parties may <br />agree that such lines and facilities shall become the Lessor's property, at no cost to the <br />Lessor, if the Lessor becomes responsible for all future charges relating to such lines and <br />facilities <br />17. Lessor's Representations and Covenants. <br />a. The Lessor represents and warrants the Lessor's (i) ownership <br />in fee simple of the Premises, and (ii) good and merchantable title to the right to mine the <br />Premises for gold, sand, gravel, overburden and related materials; <br />b. The Lessor covenants that it will defend the leasehold interest <br />granted herein to the Lessee against any and all persons claiming an interest therein; and <br />0/ <br />