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Lessee shall, upon execution of this Lease, at its cost, prepare a Notice, pursuant to C.R.S. <br /> 1973, § 38-22-105 and cause the same to be posted for the purpose of protecting Lessor against any <br /> liens or encumbrances upon the Leased Premises by reason of work, labor, services or materials <br /> contracted for or supplied to Lessee. <br /> 26. BOND -- It is agreed that no operations are to be commenced on the lands herein described unless and <br /> until Lessee or Lessee's agent has filed a good and sufficient bond with Lessor in an amount fixed by <br /> Lessor, to secure the payment for damages caused by Lessees or Lessee's agent's operations on said <br /> lands. Lessor reserves the right to grant relief from the foregoing bond requirements. Lessor may <br /> require such bond to be held in full force and effect for one year after cessation of operations for <br /> which the bond was intended. This requirement may be waived in favor of the requirements of the <br /> DRMS. <br /> 27. WATER -- If Lessee initiates or establishes any water rights for which the point of surface diversion or <br /> ground water withdrawal is on the Leased Premises, title to such water rights shall, upon termination <br /> of the Lease, become the property of the surface owner without cost, and title to the water rights shall <br /> be conveyed to the surface owner immediately upon termination, except that if Lessor is the surface <br /> owner the water right shall be taken in the name of Lessor in the first instance and shall be the <br /> property of Lessor without cost. <br /> 28. SURRENDER AND RELINQUISHMENT -- Lessee may, at any time, by paying to Lessor all amounts then <br /> due as provided herein, surrender and cancel this Lease insofar as the same covers all or any portion of <br /> the Leased Premises and be relieved from further obligations or liability hereunder with respect to the <br /> lands so surrendered; provided that no partial surrender or cancellation of this Lease shall be for less <br /> than tracts of approximately forty (40) acres or governmental lot corresponding to a quarter-quarter <br /> section, the rental being reduced proportionately. <br /> This surrender clause and option herein reserved to Lessee shall cease and become absolutely <br /> inoperative immediately and concurrently with the institution of any suit in any court of law by Lessee, <br /> Lessor or any assignee of either to enforce this Lease, or any of its terms, express or implied, but in no <br /> case shall surrender be effective until Lessee shall have made full provision for conservation of the <br /> Minerals and protection of the surface rights of the Leased Premises as may be determined by Lessor. <br /> Notwithstanding the foregoing, no surrender and relinquishment of this Lease shall be effective <br /> unless and until all reports, documents and information of any kind required to be submitted to Lessor <br /> under this Lease, or to such state agencies as provided in this Lease have been submitted to Lessor or <br /> such state agency. <br /> 29. RIGHT OF REMOVAL -- In the event this Lease is terminated by surrender, or the expiration of its term, <br /> and all obligations of Lessee under this Lease are satisfied, all Lessees improvements, equipment, <br /> man-made objects of any type, including stockpiles and dumps except as these stock piles and dumps <br /> may be disposed of pursuant to the reclamation plan, shall be removed from the Leased Premises <br /> within six months from the date of such termination at Lessee's expense. Such removal is to be <br /> accomplished without unnecessary waste or damage to the premises and Lessee shall restore the <br /> Page 9 of 15 <br /> 52470-2 <br />