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u <br />year six, $ shall be paid by LF,,i at the beginning of such year; in year seven, $ slutll <br />be paid by LEI at the beginning of such year; and in the eighth year, $ . strall be paid by <br />l,lri at the beginning of such year. LEI shall have the right to terminate the Lease by written <br />notice to Young at any time. 'I'hcre shall be no refund of any lease payment. <br />10. LEI shall have the right at any time during [he continuance of this l.case, to elect, <br />by written notice to Young, that its use of the ROW commencing at the end of any (case year <br />shall be restricted to ingress and egress solely for the purpose of reclamation of coal mining areas <br />in Munger Canyon to meet the reclamation requirements of federal and state law and to achieve <br />full release of the reclamation bonds with respect to such mining areas by the State of Colorado <br />and the United States Office of Surface Mining. Upon such election (a) the next seven (7) <br />annual rental payments shat! be in the amount of $. _ , in advance on or before the first day <br />of a lease yeaz, but shall revert thereafter to the amount which otherwise would have been <br />computed under paragraph 9 of this Lease (for example, if the election was made at the end of <br />year six the amount pat d for year six would have been $ i; the amount for each of the next <br />seven (7) years would be $. and the amount in year thirteen would be $ ); and <br />(b} the Lease shall terminate upon LEI obtaining lull release of the reclamation bonds and the <br />giving of notice by LEI to Young of such release as provided in paragraph 12. <br />11. LEf shall be in default for failing to comply with any ofthe above provisions. As <br />to provisions which do not require a monetary paymcny Young shall provide 30 days written <br />notice of such default. As to default in monetary payments, I,GI shall be provided seven (7) days <br />written notice of such default. If default is nat cured within such 30 days, or 7 days, as <br />applicable, after sending of such notice, this Lease shall terminate. <br />[ 2. l~tty notices under th{s Lease shall be given in writing and sent by Certified [J.S. <br />Mail, postage prepaid, addressed as follows: <br />Ival and Ed Young, Inc. <br />990 T Road <br />Mack, Colorado 81525 <br />Lodestar k.nergy, inc. <br />333 West Vine Street, Ste 1700 <br />Lexington, Kentucky 40507 <br />Either party may change its address in tkrc mamter that notice shall be givenunder this paragraph. <br />Notices shall be deemed effective when mailed as set forth above. <br />2 <br />