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i <br /> f <br /> written notice of such default to the Company,and the Company shall have thirty(30)days from the <br /> date it receives such notice to cure the default. If the Company fails to cure the default within the <br /> thirty dayperiod,Lessor may at Lessor's option terminate this Lease;provided,however,that if the <br /> default is minor and the default can be fully compensated for in damages,then such default shall not <br /> be a basis for cancellatioa or forfeiture of this Lease or any of Company's rights hereunder if the <br /> Company pays the full amount of damages within thirty (30) days after demand by Lessor. If, <br /> through no fault of the Company,such failure is impracticable to correct within the 30-day period, _ <br /> Lessor shall have no right to terminate this Lease if the Company commences in good faith to correct <br /> the failure and provided that the Company diligently pursues and completes the correction within <br /> a reasonable time. <br /> b. The Company shall have the right,at its option,to terminate this Lease at the <br /> end of any Lease Year during the Term by giving at least sixty(60) days prior written notice to <br /> Lessor. <br /> C. Upon termination of this Lease for any reason,the Company shall continue <br /> to be liable for the performance of all obligations and the satisfaction of all liabilities to Lessor <br /> including, but not limited to, the payment of royalties which have accrued prior to the date of <br /> termination and the compliance with all laws,regulations,and permit conditions that apply to the <br /> Property and the operations on the Property including, but not limited to all reclamation, <br /> environmental and landuse laws,regulations and permit conditions. The obligation to pay Advance <br /> Minimum Royalties that would otherwise accrue after the date of termination of the Lease shall end <br /> upon Lease termination. <br /> d. Upon termination of this Lease with respect to all or any part of the Property, <br /> the Company agrees to furnish Lessor with a document reasonably satisfactory to Lessor verifying <br /> such termination and release of Lease. <br /> e. Upon termination of this Lease by the Company for anyreason,all sumspaid <br /> hereunder to Lessor shall remain the property of Lessor and shall not be recoupable or refundable <br /> except to the extent that they have already been recouped or refunded as of the effective date of <br /> termination,or except as expressly provided Paragraphs 10.13 and C above. <br /> 12. Endof erm. The Company shall have the right for one(1)month from the date of <br /> the expiration or termination of this Lease to dismantle and remove machinery, equipment, <br /> improvements,and other facilities installed or constructed cn the Property by the Company and also <br /> to sell and remove Materials then stockpiled on the Property,subject to its obligation to pay Sales <br /> Royalties pursuant to Section 3, <br /> 13. 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 Company may maintain <br /> this Agreement in effect for its term and any allowed extensions by making the payments set forth <br /> herein. <br /> Q\XTrY\LNlBench\Ely xffich\Lmse-czava"wpd Page 6 <br />