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GENERAL40571
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GENERAL40571
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Last modified
8/24/2016 7:59:44 PM
Creation date
11/23/2007 10:45:17 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1988081
IBM Index Class Name
General Documents
Doc Date
11/12/1996
From
ASTRID L COVEY
To
EAST WEST MINING CORP INC
Media Type
D
Archive
No
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In the event that Buyers should be required to post a <br />reclamation bond, such bond will revert to Buyers upon <br />satisfactory completion of the reclamation program. <br />2.9. Liability and Liens. Buyers shall keep Buyers <br />indemnified and held harmless from any claims, demands, <br />liabilities or liens arising out of Buyerss mining activities <br />on the' Property. To that end, Buyers shall immediately obtain <br />and ceirry a policy of public liability insurance with limits <br />of fic•e hundred thousand dollars ($500,000.00) for injury to <br />persons and five hundred thousand dollars ($500,000.00) for <br />injury to property protecting Lessors against any claims or <br />loss from damage to persons or property resulting from Buyers <br />operations. Buyers shall also keep the Property and Sellers <br />free and clear from any and all mechanics or laborers liens <br />arising from labor performed on or material furnished to the <br />Property at Buyers request. Buyers shall post and keep posted <br />on the demised premises such notices as to Sellers <br />non-responsibility for liens or claims against said Property <br />and mining operations. Buyers shall comply and carry applicable <br />worker'.; compensation as per the laws of the State of Colorado. <br />2.:i. Installation of Equipment, Buyers may install,-- <br />maintain, replace and remove during the term of this agreement` <br />any and all mining machinery, equipment, tools and facilities <br />which Buyers may desire to use in connection with Buyers mining <br />activities on the Property. Upon termination of this agreement <br />for any reason, Buyers shall have a period of one hundred and <br />twenty (1201 days following such termination during which Buyers <br />P4 <br />~~.4` ~, <br />~~~ <br />
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