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i <br /> designs ed as an additional insured providing for written notice to <br /> Lessor thirty (30)days prior to cancellation. Company shall provide <br /> Lessor with a certificate of such insurance annually. <br /> i. Con prehensive General Liability in the amount of$1,000,000 <br /> combined single limit; <br /> ii. Employer's Liability Insurance in the amount of$500,000 each <br /> occL rrence; <br /> iii. Automobile Liability Insurance in the amount of$1,000,000 <br /> com ined single limit; and <br /> iv. Ade uate and reasonable insurance for other risks ordinarily <br /> insu ed against in similar operations. <br /> c. The Coi apany agrees that it shall require all contractors and <br /> subcont actors who perform work on the Company's behalf in <br /> connect on with the Property to have similar and adequate insurance in <br /> full forc and effect. <br /> 10. Title and Other Conditions. <br /> a. Lessor warrants that Lessor owns the surface estate and the materials <br /> within the Property subject to easements, restrictions and reservations <br /> of recoro or in use, and Lessor agrees to defend said title against all <br /> adverse Claims. <br /> b. The Company has accepted Lessor's title as marketable, to the best of <br /> its knowledge, as of the date of this Lease. If subsequent thereto the <br /> Company determines that Lessor's title to the Property and Materials <br /> is not good and marketable, the Company shall so notify Lessor in <br /> 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, i nay terminate this Lease without any further obligation to <br /> Lessor c r, at its option may resolve the adverse claim and deduct the <br /> cost incurred from payments otherwise due Lessor. <br /> I <br /> C. WithoutJ regard to the warranties of title given to the Company by <br /> Lessor,�f 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 Co pany's obligation under this Lease is conditioned upon the <br /> Comp obtaining all required permits for mining and access to the <br /> 6 <br /> Lessor Initials <br /> Lessee Initials <br />