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have the right to remove all such improvements and equipment within a reasonable time. PERMITS S. Lessee shall comply with all applicable local, state anc, federal laws, specifically Colorado Mined Land Reclamation Act., Colorado Revised Statutes 34-32-101, et seq. PROTECTION AND RESTORATION OF SURFACE 9. In digging pits for the purpose of producing and removing materials, Lessee agrees to make separate stockpiles of topsoil and of waste substances. Lessee agrees that on comple- tion of the removal of materials from pits that have been dug on the. leased premises, Lessee will fulfill all of the restoration reeuirements as set forth in the Colorado Mined Land Reclamation Act., C.R.S. 34-32-101, and .regulations pursuant thereto. INDEMNIFICATION OF LESSOR 10. Lessee agrees to indemnify Lessor against liability on al]. claims for damages and injuries to persons or property that • are. claimed to have resulted from the activities or omissions of Leesee or its agents or employees during the term hereof. DEFAULT BY LESSEE 11. In the event any default occurs in the performance of any term or condition of this lease by Leesee, Lessor shall have the right to give a ten-day notice in writing to Lessee, demand- in~. the correction or removal of such default. In the event Lessee fails to correct or remove such default within such period, Lessor may, at his option, terminate this lease. If this les.se is terminated by Lessor pursuant to this section, Lessor shs.ll have no further rights or remedies against Lessee except the forfeiture of this lease. Lessee shall have thirty (30) days after such termination within which to remove any plant, struc- tures, or equipment placed on the leased premises by Lessee. BINDING 12. This lease agreement shall be binding upon the heirs, successors and assigns of the respective parties. • -3-