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5. INSPECTION OF RECORDS AND OPERATIONS: Audit <br />5.1. Lessee covenants and agrees that Landowner reserves the right during normal <br />business hours to inspect, or have its agent inspect all relevant books and records <br />of Lessee as to the amount of materials removed and delivered and will be <br />furnished copies of pertinent records upon request. <br />5.2. Inspections: Audits. Lessee agrees that all of his books and records pertaining to <br />the Leased Premises shall be open at all times to Landowner for audits relating to <br />the scope, nature, and extent of compliance with this Lease or with applicable laws <br />and regulations. Landlord shall provide reasonable notice to Lessee of its intent to <br />audit Lessee's books and records. <br />5.3. Lessee shall furnish Landowner a report quarterly showing yardage or tonnage <br />removed from the premises <br />6. BONDS AND INSURANCE <br />6.1. Bonds <br />6.1. (A) Lessee agrees to furnish a bond of not less than ($ ) to guarantee the <br />performance of this lease. The Landlord requires that an approved bond be filed <br />with the completed minerals agreement and/or minerals agreement leases. <br />6.1. (B) Cash in Lieu of Performance Bond. In lieu of famishing a performance <br />bond, Lessee may deposit with the Landlord cash, negotiable United States <br />Treasury Bonds, other negotiable Treasury obligations, time certificates of deposit, <br />savings and loan association passbooks, or letters of credit in an amount acceptable <br />to Landlord, together with an appropriate power of attorney appointing and <br />empowering the Landlord, in the event of Lessee's default in any of the provisions <br />of this Lease, to pay from any such cash or equivalent, withdraw the funds from <br />any such savings and loan association account, dispose of any such bond, or make <br />demand upon any such letter of credit, and retain the proceeds derived there from <br />to apply to Landlord's damages subject to Lessee's privilege of curing such default <br />as hereinafter provided. <br />6.2. Insurance <br />6.2. (A) At its sole cost, Lessee shall procure Comprehensive General Liability <br />Insurance and shall maintain it in force and effect throughout the Term. Lessee <br />shall name Landowner as an additional named insured under said nolicv. This <br />insurance shall have minimum limits of not less than a Combined Single Limit for <br />Bodily Injury, Property Damage and Personal Injury Liability of $1,000,000 per <br />occurrence and $2,000,000 aggregate. This insurance shall be the Primary Policy <br />4 <br />