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~ ~i~iii iiiii iiiii aim iui~i iiii iiiiiii iii iiii~ iiii iiii <br />3377669 04/0712006 04:45P Weld County, CO <br />6 of 11 R 60.00 D 0.00 Steue Moreno Clerk & Recorder <br />16. TERM. <br />This Agreement shall become effective when i[ is fully executed and shall remain in fhll force <br />and effect until Operator's leasehold estate expires or is terminated, and Operator has plugged and <br />abandoned all wells owned all or in pazt by Operator and complied with [he requirements of all applicable <br />oil and gas leases pertaining to removal of equipment, reclamation, cleanup and all other applicable <br />provisions of [he leases and existing laws and regulations When this Agreement ceases to be in full force <br />and effect, the patties shall execute any and all releases necessary to evidence the fact that this Agreement <br />shall no longer apply to the Property. <br />17. NOTICES. <br />Any notice a other communication requited or permitted under this Agreement shall be <br />sufficient if deposited in U.S Mail, postage prepaid, addressed to each of the following: <br />If to Operator: <br />IOP Operating Co <br />10881 W. Asbury, Suite 230 <br />Lakewood, Colorado 80227 <br />Attention: Rodney Herring <br />If to Surface Owner; <br />Asphalt Paving Co, <br />14802 W.44'"Avenue <br />Golden, Colorado 80403 <br />Attention: Jeffiey W Keller <br />Any pazty may, by written notice so delivered to the other parties, change the address or individual to <br />which delivery shall thereafter be made.. <br />18. RECORDING.. <br />Ihis Agreement, any amendment hereto, and any release entered into pursuant to Section 16 <br />above, shall be recorded by Operator, which shall provide the other parties with a copy showing the <br />recording information as soon as practicable [hereafter. <br />19. SURFACE DAMAGES. <br />!n consideration of the parties' tights and obligations, as outlined herein, this Agreement shall <br />constitute the agreement for surface damages required pursuant to the COGCC's Rules and Regulations <br />Surface Owners waive any claim for surface damages, including all damages provided by the Oil and Gas <br />Lease, which smface damages are to the Oil and Gas Operations Areas and to any portion of the Property, <br />including growing craps, buildings, irrigation ditches, feed lots, fences, etc., caused by Operator's <br />operations within the Oil and Gas Operations Areas or upon access toads, gathering lines, pipelines or <br />other easements used in connection with the Oi] and Gas Operations Areas the waiver of surface <br />damages provided herein shall include any claim for excessive smface use insofar as the Oil and Gas <br />Operations Areas is used to produce oil and gas fiom any portion of the Property or land pooled <br />therewith. <br />