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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 /> C. The Company agrees that it shall require all contractors and <br /> subcontractors who perform work on the Company's behalf in <br /> connection with the Property to have similar and adequate insurance in <br /> full force 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 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 I.essor. 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 /> I.essor or. at its option may resolve the adverse claim and deduct the <br /> cost incurred from payments otherwise due Lessor. <br /> C. NVithout regard to the %yarranties of title given to the Company by <br /> Lessor. if Lessor own less than one hundred percent (100q.-O 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 Company's obligation under this Lease is conditioned upon the <br /> Company obtaining all required permits for mining and access to the <br /> 6 <br /> Lessor Initials t <br /> Lessee Initials <br />