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writing, in which case Lessor, at Lessor's cost, shall correct the <br />specified title defects. If any title defects which render the title <br />unmarketable or adversely affect the Company's right to mine are not <br />cured within sixty days after receipt of such notice, the Company, at its <br />option, may terminate this Lease without any further obligation to <br />Lessor or, at its option may resolve the adverse claim and deduct the <br />cost incurred from payments otherwise due Lessor. <br />c.Without regard to the warranties of title given to the Company by <br />Lessor, if Lessor own less than one hundred percent (100%) of the <br />Materials under all or any portion of the Property, then the amounts <br />payable to Lessor hereunder as Sales Royalties shall be reduced in the <br />proportion that the interest of the Lessor in the Materials bears to one <br />hundred percent (100%) of the Materials within the Property. <br />d.The Company's obligation under this Lease is conditioned upon the <br />Company obtaining all required permits for mining and access to the <br />public roadway on terms reasonably satisfactory to the Company. If <br />the Company cannot, after exercising reasonable diligence, obtain such <br />permits on terms reasonably satisfactory to the Company within six <br />months after commencement of this Lease, then the Company may, at <br />its election,terminate this Lease by notice to the Lessor and, upon <br />such termination, shall be entitled to refund of the entire amount paid <br />by the Company upon execution of this Lease. <br />e.This Lease shall be subject to any and all existing and,/or subsequent <br />oil and gas or other mineral leases or other agreements regarding oil <br />and gas or other mineral operations of the Property during the Term of <br />this Lease. If the whole or any part of the Property is affected by any <br />oil and gas production at any time during the term of this Lease, <br />Lessor and the Company shall each be entitled to share in the award to <br />the extent of their respective interests in the Property with respect to <br />any damages or losses. In the event only a portion of the Property is <br />affected, and if notwithstanding such production the Company will be <br />able to continue to conduct its business in the remainder of the <br />Property in substantially the manner it was being conducted <br />immediately prior to such production, this Lease shall cease only as to <br />the part affected. If, however, by reason of the oil and gas production <br />there is not sufficient property left in or upon the Property for the <br />Company to conduct its business in substantially the manner in which <br />it was being conducted immediately prior to such production, then and <br />in such event this Lease shall terminate. All damages or losses <br />awarded on account of the interest of the Lessor shall be paid to the <br />Lessor and all awards on account of Company's leasehold interest <br />shall be paid to Company. The allocation of any lump sum award for <br />any damages or losses between Lessor and Company shall be made by <br />7 <br />Lessor Initials <br />Qom.,Lessee Initials- <br />9