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GENERAL45511
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Last modified
8/24/2016 8:14:56 PM
Creation date
11/23/2007 1:53:44 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1988081
IBM Index Class Name
General Documents
Doc Date
2/16/1995
Doc Name
Mining Option to Purchase Agreement
Permit Index Doc Type
General Correspondence
Media Type
D
Archive
No
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lrm er Hun S.•vedv Pr me Ins 30:ii2T923q r .t1 <br />thv event Lhal Huyer~ should be required to post a <br />zeclamation bond, such bond will raven Co $uyerx upon <br />satistactory completion of Che recla:ratlon prnclram. <br />2.4. Liability and l.l~~us. Buyers sha]1 keep Bu}'cr3 <br />iudemnttied and hold harmless from any clarms, demands, <br />ltabilttics or liana ari.sittq out of Bu5'Grss minrnq activrties <br />on the Property. To that end, Buyerx xhall immediately obtain <br />and carry a policy of public liability insurance with limits <br />of ftve hundred thousand dollars ($SOO,000.UOI for injury to <br />persons and five hundred thousand dollars (5500,000.00) for <br />injury Co property protecting Lessors against any claims or <br />loss frnm damage to perso:ts or property resulting from Buyers <br />operations. Buyers shall also keep the Property and Se1L+rx <br />free and clear Erom any and ell mrchar.ics or laborers liens <br />arising from labor performed on or material furnished to Lhe <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 oz claims against said Property <br />and mining operations. Buyers shall comply and carry applicable <br />workor's compensation as per the laws of the State of Colorado. <br />2.5. 7nstallailon of F.yuiF~nrent. Buyers may install, <br />maintain, replace and remove during the term of this agreement <br />any and all mining machlnory, equipment, LOOls and facilities <br />which Buyers may desire to use in connection with Buyers mining <br />activities on the Property. upon termination of this a9reemer.t <br />for any reason, Buyers shall (cave a period of one hundred and <br />twonty (1201 days following such kermination during which Buyers <br />i <br />P4 `r <br />/f -_ <br />
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