2019-02-08_REVISION - M1997071 (5)

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Reclamation. Mining and Safety permit in their nanics [or reclarn itioll of- rehabilitation of the Propert} and the release of am security- or bond provided by the Conlpam to sector its perA nlance or discharge its responsibilities. 16. Assignment. Ile provkions ofthis Lease shall extend to and he binding upon the heirs. personal representatives. successors. assigns and sub 1C.SSCes of Lessor and the Company. '] Ile Company shall have the right to assign this lease X%ithout the express written consent of the Lessor. 17. Notice. Notices ofdefault or of cancellation or termination of this Lease and all other notices required or permitted hereunder shall he gi\en h� personal deliveg or h) registered or certified mail, postage prepaid. addressed to the patties as filllows: Ifto the Company: 839 Mackenzie Canon City. CO 81 2 1 Ifto lessor: Charles M. and (fail C. 7.in file rnuul 19002 CR CC'.5 Rock\ Ford. CO 81067 Lola in Nesselhuf 1738 CR 1; tilanzanola. CC) 81058 18. Condemnation. I f the hole or any part of the Propay shal l he taken h� any public aUtilorit� Under the po"Cl. Of ellllllellt (1011laill at an\ time durin11 the term of this Lease. Lessor and the Company shall each be entitled to share In the award to the extent of their respective interests in the Property With respect to am taking- In the event only a portion ofthe Property is taken. zinc] if not«ithstandin,, such taking, the Company %\ill he able to continue to conduct its business ill the remainder of the Roperty in suhstantiall, the illmmeI- it x\as being c11Ulcted lilimedlatell prior to such takin". this Lease shall cease onR as to the part taken. If. ho"ever. by reason Of the condemnation there Is not sufficient property left in or upon the Propert� 6or the (Ampan) to conducting its husiness in substantially the manner in %\hick it Naas being conducted inllllediatcl� prior to such taken_,. then and in such event this Lease shall terminate. All condemnation a\\ards on account of the interest ofthe Lessor shall be paid to the Lessor and all a"ards on account Of Colllpam 's leasehold interest shall be pall] to C olllpanl . The allocation of all\' ltnllp shill a\\ard for any tak-ing beech Lessor and Compaq shall he nmde by agwernwit hem-eel] then]. if possible:. Or If the parties cannot agree (1) the %aloe of Lessor's interest in the propert� affected b� such taking and under this Lease. and (ii) the Naltle ofCompan�'s interest therein Under the Le.ISe. IU Lessor Initials Lessee initials �C�