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FSP&T, LLC, Q2
<br />;11-21- 1 ;10:23AM FSP3rT, LLC, Q2-~ 303 721 9298;m20/22
<br />or,any part thereof, or any improvemtnla4hureou, any Ijmts arising from, or ally cltihn for damage
<br />growing our of [he woi$ of any canstruc[ion, repair, restiomtion; teplacclneM oriaiprovement, ar mwy
<br />• ~ other claims or demand Itoweaever the same mxy arise, but Lessee shall pay or cause lu be paid or
<br />.released till of said liens, claims, or. deniauds promptly upon aotlm thereof. NotwidtaWrWing the
<br />fnrtgaing, Lessen may grmu a mortgage, deed of trust nr n(hrr lien spun all or any portion of iGS~
<br />. interest in this (ease to otie or mere.lenders from time to tpne (each a '7xtider Lieu"), Lessor shalt
<br />from tlmt In.thne, upmt I,esaee's rctptest altd at Lessee's salt expense, execute ~nntl deliver such
<br />,, e'URSLTta, Gatr1111+C1y, aeknnwiedgemcnts and. other cuyu[mary rinsing daamtcnts as finch lenders may
<br />fcum time to time reasonably require in connection with financings seemed by x Lender L,1en; provided
<br />that. Lessor shall not he required to execute or deliver any such document that alters Lessor's rights,
<br />Lessee's obligations orothtr terms soil conditions wuim' [his Kaye, ur that Walyea any claims far 6acA
<br />royalties, cents or otfter ftn:tncial obligations JiscoveleA by Ltxsnr's audit pructdures.. Lasaee agn~s to
<br />defend, indemnify noel hold lessor and the leased premises fmt and harndtas Crum all liahi/cry far aay
<br />slut all such liens, ciaitns, demxmla, arri actions Ingather With reaaunahle attorney ices and all cnsrs and
<br />expensrs in connection [herewith.
<br />Lessee shall, upon execution of this lease a[ its cost, prepare a Notice, pursumit to C.R.S. 1973,
<br />§ 33-22-105 and cause the same to 6e posted fur the purpose of prutocting Lessor against any f ie ns or
<br />encumbrances upon the leased premises by r_asnn of work, lshor, services ui materials contracted fur
<br />ursupplicdtoLesaec.
<br />~3. R.~U -- It is agrted that m vperntions~am io he oor[unetwcd nn the trouts htrcin described unlts5 alai
<br />until Lessee of Lessees agent has files! agood end sWTicient bond with Lexsnr in an amvwtt Gxed by
<br />Lessor, [n secure die payment for 08antgrs caused by Lessee's or Lesxce'x agent's operations un said
<br />lands. Lcesoi reserves the right to grind relief from the foregoing bond requimmcnnl. Lessor may
<br />requite such bond to he held in fWl force and effect for one ytar after cessa[inn of opara[iona for whi~lt
<br />the bond was intended. This rcquiremea[ shall be deemed satisfied if lessee provides a boaA in
<br />+uxurdxn[x wiAt ills rcyuiremenrs of lhd Division oY Minerals anti Geology.
<br />~~ WA1TJ1 --1f Lessee initiates of establishes any water rights for which the point of xu;face diversion or
<br />. ~ ground water withAtawai is nn the leased premises, title to such water rights shall, apon terminaliou of
<br />[lie Inane, become tht property of dtt surface eviler without cost, and title to the water rights shall be
<br />convoyed to the curl"act owner immediately upon [erminatirnt; except Thal Sf Lessor is tiro surface owner
<br />• the water right shalt &^ taken in the mane of l:.asoz imthe first connote mtcl shall be the properly of
<br />Lcysur without coat,
<br />25. ANCILLARY f75E -.Lessee may remove ores, minerals, and other mined materials„and place im the
<br />Loaned Premises stock piles of material ttiltu:d from this least xrW such equipment as is necessary lot
<br />this removal. Ali mtcitlary oats such as, mxictials stortigc mat tit processing Fmm nffsite operations,
<br />b esuhjec(Ira t}tesa cat spc.>fically mcntionedhetein and not Incstnd.within the L•xclusYve Pasentcnt will
<br />that m.. PProval of LC4.4'Or et:d will require.a ycady tenNl payrncnt nf~no less than
<br />r, d sad nnlion Dollars (~§ 1.U110.00) per acre HaW roads sadlot access roads not on this lease
<br />but nn o0tcr State latuls wAl be subject to-u anparate ennit and
<br />P requim epproyalof Lessor.
<br />26. ,FSIlLRL+NDER A1Jt) RfILTNO[JJSI11yILNT - [,assts ins
<br />amoutne then due as provtdcd herein, nurrcrnler and camel this lease ~ittavfar as hiymg to T,easof, all
<br />any portion of tht laude herein ]cased t sAmc covers all or
<br />tool be rc]icveA from further otilga[inns or liability lurtundar with
<br />respect to ate lands so stirreruiered; provided the[ nu partial surrender ur cancellation of this lease shall
<br />he fur less than trauta. of approximately forty (40) acres or governmenW lot corresponding to a
<br />quarterKplaner section, ills renud being mtlused pmporliunahay.
<br />' This sutteudcr elapse'and option Ittrcin reserved w Lessee shalt cwse and bctome altsoiwely
<br />inoperative imntediarely artd cnnLArtently with the institution of any suit in any cuurtof law by Cristo,
<br />Tcasor ur aay assignee of either [o tnfurce this lease, ni any of its tcrrits, express ur irpplieA, but in m
<br />case shall surrender be effective tmtil Lenses sl><i11 have made titll~provision for dumtcrvatinn of 11u.
<br />minerals end protection of tht stufaw righm of rile leased premises as may be determined by Lessor in a
<br />roamer consistent with requireutcnts iutposu-d uu the lessee oY 9ltnilar premises teased hY I.esaur:
<br />. Nn[widtstatuliag the foregoing, no surrender and rel"uvptishment of tltis lease shall be cQtxdve
<br />unless and until all reports, dtrcvmeWS and infotruatiun of.any kittA tequirtxl to fie submitted to Lessor
<br />urcler dda inane, or to snub state agencies as provided in this lease have been suhmitteel to Lessor of
<br />'such nests agera:y,
<br />' 27. RI611'p OP REM()VAI -- Itt the event this loose is tertninatetl by surrender, nr the expiration of its '
<br />term, an event of default or oWerwise, and ell obligations of Lessee under d[is lease are satisfied, all
<br />•.
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