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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 tennination 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 verififine such termination and <br /> release of Lease. <br /> e. Upon tennination 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 /> 13. 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 /> 14. 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 terra and any allowed <br /> extensions by making the payments set forth herein. <br /> 1_> Restoration of Property-. NN-ithin one (1)year after the expiration or earlier <br /> termination of this Lease. the Company is required to substantially restore the <br /> Property to the condition required by law and by the applicable permits and <br /> approvals required for the Company to conduct operations hereunder. <br /> Thereafter. the Company shall continue to have the right to access and enter <br /> the Property and to effect on the Property such final reseeding. restoration. <br /> repair. rehabilitation and reclamation as may be required for the Compan-, to <br /> obtain release of any security or bond provided by the Company to secure its <br /> performance of reclamation require by- its governmental permits and <br /> authorizations. FolloNNing the expiration or termination of this Lease for any <br /> reason. Lessor covenants that Lessor will not extract or allow others to extract <br /> Materials until Lessor or others effect the transfer of the Colorado Division of <br /> Reclamation. Mining and Safety- permit in their names for reclamation or <br /> rehabilitation of the Property and the release of any security or bond provided <br /> by the Company to secure its performance or discharge its responsibilities. <br /> 9 <br /> Lessor Initials l <br /> Lessee Initials '`J <br />