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basis for cancellation or forfeiture of this Lease or any of <br /> Company's rights hereunder if the Company pays the full amount <br /> of damages within ninety(90) days after demand by Lessor. If <br /> through no fault of the Company, such failure is impracticable to <br /> correct within the 90-day prior, Lessor shall have no right to <br /> terminate this Lease if the Company commences in good faith to <br /> correct the failure and provided that the Company diligently <br /> pursues and completes the correction within a reasonable time. <br /> b. The Company shall have the right, at its option, to terminate this Lease <br /> at the end of any Lease Year during the Term by giving at least sixty <br /> (60) days prior written notice to Lessor. <br /> C. Upon termination of this Lease for any reason, the Company shall <br /> continue to be liable for the performance of all of Company's <br /> obligations and the satisfaction of all Company's liabilities to Lessor <br /> including, but not limited to, the payment of royalties which have <br /> accrued prior to the date of termination and the compliance with all <br /> laws, regulations, and permit conditions that apply to the Property and <br /> the operations on the Property including, but not limited to all <br /> reclamation environmental and land use laws, regulations and permit <br /> conditions. <br /> d. Upon termination of this Lease with respect to all or any part of the <br /> Property, the Company agrees to furnish Lessor with a document <br /> reasonably satisfactory to Lessor verifying such termination and <br /> release of Lease. <br /> e. Upon termination of this Lease by the Company for any reason, all <br /> sums paid hereunder to Lessor shall remain the property of Lessor and <br /> shall not be recoupable or refundable except to the extent that they <br /> have already been recouped or refunded as of the effective date of <br /> termination, or except as expressly provided in Paragraphs 10.13 and C <br /> above. <br /> 9. End of Term. The Company shall have the right for six (6) months from the <br /> date of the expiration or termination of the Lease to dismantle and remove <br /> machinery, equipment, improvements, and other facilities installed or <br /> constructed on the Property by the Company and also to sell and remove <br /> Materials then stockpiled on the Property, subject to its obligation to pay Sales <br /> Royalties pursuant to Section 3. <br /> 10. No Development Covenant. There is no implied covenant or obligation of the <br /> Company to explore, develop or mine the Property or to sell Materials. The <br /> Company may maintain this Agreement in effect for its term and any allowed <br /> extensions by making the payments set forth herein. <br /> z 6 <br /> Lessor Initials <br /> Lessee Initials IV <br />