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C. The foregoing indemnifications shall all survive the termination of this <br /> Lease. The indemnity provisions set forth in this Lease shall apply to <br /> amounts paid in settlement of a claim by an indemnified party only if <br /> such settlement is approved by the indemnifying party, which approval <br /> shall not be unreasonably withheld and shall include any and all legal <br /> fees, costs and expert witness fees incurred by the party being <br /> indemnified. <br /> 6. Insurance. <br /> a. The Company shall maintain at its sole expense and at all times <br /> statutory Workers Compensation Insurance coverage as required under <br /> the laws and regulations of the State of Colorado for all its officers and <br /> employees who perform work for the Company hereunder. <br /> b. The Company shall purchase, at its sole expense, and shall maintain at <br /> all times the following minimum insurance protection with Lessor <br /> designated 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. Comprehensive 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 /> occurrence; <br /> iii. Automobile Liability Insurance in the amount of$1,000,000 <br /> combined single limit; and <br /> iv. Adequate and reasonable insurance for other risks ordinarily <br /> insured against in similar operations. <br /> 7. 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 record 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, may terminate this Lease without any further obligation to <br /> 4 <br /> Lessor Initials <br /> Lessee Initials <br />