2007-02-22_REVISION - M1996008 - Laserfiche WebLink

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5. All gravel aggregate will be paid for within ten (10) days following the month of removal from the property. Any gravel crushed and stored upon the property shall be paid for within ten (10) days following the month when the gravel is crushed and stored on the property. Gravel crushed and stored on the property shall be paid for based upon the belt scale of the c rusher. Gravel removed without stockpiling shall be paid for by scale weight. 6. Lessee agrees to comply with all licensing laws and to conduct reclamation as required by the MLRB. 7. Lessee agrees to mine the said property in a workmanlike manner with proper equipment and will carry liability insurance with limits of not less than $300,000.00 per injury and a $1,000,000.00 per incident. Lessors shall be named as also insured parties. Lessee will carry Workers Compensation insurance upon its operations. 8. Lessee may not assign or sublease any interest in the premises without the prior written consent of Lessors. This provision, however, shall not apply if lessee should sell or transfer its plant. In such event, this lease shall automatically pass to lessees's successor. The parties further agree that Lessors may not unreasonably withhold approval if an assignee is qualified financially to take over the lease. 9. In the event of default either parts may enforce this lease, cancel this lease, or claim damages. No process shall commence, however, unless a thirty (30) day written notice of default is given with a right to cute or to commence to cure if the process will reasonably take more than thirty (30) days. If enforcement becomes necessary, the prevailing party shall have the right to recover all costs and expense and including a reasonable attorney • fee. 10. Ad Valorem taxes upon said property shall be paid by Lessors, but lessee shall be responsible for production taxes. -2-