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' <br /> Jubilee under this Agreement shall coqform vvith the laws and regulations of the State of Coiorado and <br /> the United States. <br /> jUBILFF shall indemnify and hold harmless OWNER from all liability, including attorneys'fees and costs, <br /> arising out of JUBILEE explorat�on and other activities hereut,der, including but not limited to <br /> environmental and reclarnation liabilities under existing and future laws arA regulations.The indemnity <br /> set forth herein shall survive termination or expiration nf this Agreement. <br /> OWNER shall indemnify and hold harmless JUBILEE, its officers, directors, shareriolders, members, <br /> employees and affiliates from iny arid all clla,ms, dernands and liabilities whatsoever arising from or in <br /> connection with Owners operations or activities upon the Property which were conducied prior to the <br /> date of this Agreement, including, without limitation,surface and underground disturbances (including, <br /> but not limited to, underground workings,waste clumps, tailings. roads, drill holes and drill pads)and <br /> reclamation obligations. The indemnity set forth here)*shall survive term/ration or expiration of this <br /> Agreement, <br /> � Trintennvf ,hisAgrpement �haUceginw`th(hedateheroofa'/dOhaUcontinLIp\uand :nd) tho <br /> twentieth (20th) anniversary of such date jr d so long thereaf!er as jul.-ilee cortinues to make advance <br /> royally o,production ,uym|\y pay'ncos' but subject to earlier termination as provided in this <br /> Agreement. After termination cf th.sA8reeneot, Jubilee shall have the right o[ingress and egress from <br /> thepropertyandtnerigh\tocurnp!etesochrec|amatiooandrestornd000[WoPropenyandtomako <br /> such inspections as may be required by /avv, for so |cng after te-mination af this Agreement as is <br /> necessary no complete all such reclamation, restoration and inspections. <br /> 5. Unless and until lhi-,Agreement is terminated,JUBILEE shall pay OWNER Advance Royalty payments <br /> /n accordance with the following schedule. <br /> $6'000 On execution; <br /> $6,800 O,/ the 1st ernivermryofexecution� <br /> $7'500 On the 2nd anniversary m[execution; <br /> �8.500 Ontne]rdarnmcoaryofcxeclit|on and each anniversary thereafter. <br />