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Any notice hereunder shall be hsnd-delivered to Licensor to <br />the attention o[ Robert Schrader, Manager, 6ecurity Notes <br />District, at 371 Security llvd., p.0. los 9156, Security, <br />Colorado a0971, with a copy to Don Vsetecka, 6sq., Trott, <br />Kunatle i Hughes, Esgs., Alamo Corporate Center, 8uit• 790, 103 <br />South Tejon, Colorado Springs, Colorado !0903. <br />loth parties may change the designee of receipt o[ notice <br />at any time by written advicee to the other. <br />SECTION VIII <br />Duty o[ Licensee Upon Termination <br />Upon receiving notice from Licensor in accordance with the <br />terms o[ this agreement, Licensee shall have the duty to ensure <br />that on the termination date a12 casings, pusips, lines and other <br />equipment on the premiss pursuant to this license shall be <br />removed [rom the property within a reasonable [laic. It shall b• <br />the further duty of Licensee to close the wells in accordance <br />with state law and restore the property to its original grade <br />prior to construction by Licensee. <br />In order to assure compliance with the terse o! this <br />Section VIII, Licensee shall be required to post • live Shousand <br />Dollar and No Cents (9,000.00) perrormanc• bond or other <br />equivalent security [or the bens[![ o[ Licensor ensuring that the <br />duties of Licensee upon termination shall b• [ultilled. My <br />per[ormance bond shall be guaranteed by • bonding company in good <br />standing in the state o[ Liceneor's principal place o[ business. <br />Licensee shall provide Licensor with • copy of .aid bond oe other <br />security prior to or within 30 dads alter cosaaeneinq any work on <br />the premises pursuant to this licens• agreement. <br />Llcense• shall b• persitted to discharp• said hood or Other <br />security upon providing Licensor written notice the! Licensee''s <br />duties upon termination o! this agreement hav b•en.[ul[illed; <br />and providing Licensor ten (10) days to object to said discharge. <br />• 6ECTIOM I3; <br />Scraeninq by Licensee <br />In the event that Licensor or any grantee or lessee o[ <br />Licensor shall desire to develop or use the property described in <br />Exhibit •A' hereto, upon reasonable notice to the Licensee, <br />Licensee shall, a! its own espenae, conacruct and/or establish <br />such 'screening' o[ the wells, equipment and other structural <br />-4- <br />