2025-07-02_REVISION - M2018055 - Laserfiche WebLink

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20.1.Tenant shall not commence anyextraction or processingo erations on the Leased P Premises until the amount and type of security for performance of reclamation on the Leased Premises has been set by the Colorado Division of Reclamation, Mining and Safety ("DRMS") and Tenant has posted the required financial assurance with the DRMS. Within two (2) years after the expiration or earlier termination of this Lease, • Tenant will restore the Leased Premises to the condition required by law'and -by the applicable Permits and approvals required for 'Tenant`to conduct operations hereunder. Following the expiration or termination of this Lease for any reason, Landlord covenants- that Landlord will not extract or allow others to extract Materials until (1) Landlord or others affect the transfer *of the DRMS Permit to their names for reclamation or rehabilitation of the Leased Premises and (2) The release of any security or bond provided by Tenant to secure its performance or discharge its responsibilities. Unless Landlord desires to continue operations to extract Materials (either byLandlord or P through an operator, representative, or other lessee), Tenant shall have the right to access and enter the Leased Premises and to effect on the Leased Premises such restoration, rehabilitation and reclamation as may be required to discharge the responsibilities which Tenant has assumed pursuant to its Permits and to procure the release of any bond or other financial assuranceprovided byTenant. If for anyreason Tenant shall not complete reclamation of the Leased Premises in accordance with the DRMS reclamation *permit, Tenant shall be liable to Landlord for all of Landlord's costs and expenses incurred to complete the reclamation under this Lease, including, without limitation, those costs and expenses associated with re-entering and re-taking possession and all of Landlord's reasonable attorney's fees and costs. Tenant shall pay Landlord on demand any amounts so expended by Landlord. Landlord's rights under this paragraph shall not be Landlord's exclusive remedy in the event of Tenant's failure to complete its reclamation work in accordance with this Lease. All of Landlord's rights under this shall be cumulative, together with anyand all other rights, remedies and paragraph g claims available at law or in equity. 21. Lease Assignment: Assignment,of this Lease by Tenant requires the prior written consent of Landlord and any attempted assignment without prior consent of Landlord shall be null and void and shall not relieve Tenant of any of its obligations. Should an Assignment situation present itself,Tenant and Landlord agree to work in Good Faith to agree upon a new Tenant that has the same or better financial and operating qualifications than the Tenant that can be assigned the lease. This Lease may not be assigned to CRMI inc, United Companies, Oldcastle, their subsidiaries or employees without approval of Landlord in its sole determination. The final decision of the assignment if the lease is by the Landlord in its sole determination. 21.1.Assignment Rights in the Event of Tenant Loan Default: In the case of Tenant defaulting on a business loan and line of credit, Tenant's Lender will have full authority to act in place of Tenant as called for in section 21. In the case of a Tenant defaulting on such loan agreement, Tenant's Lender has agreed to delay a decision relative to the Lease Aii(j/ 6'? Mom_