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614465 7/11/1995 2:45pm 8:892 P:561 Roberta J. Perry, Clerk & Rernrder, Logan County CO REPIOVAL OF I14PROVEf4ENT5 AIJD EQUIPMENTS All improvements and equipment placed on the leased premises by lessee, except water well casing, fences, gates, and cattle guards, shall remain the property of lessee, and lessee shall have the right to remove such property prior to the expiration of this lease. On termination of this lease for any cause, lessee shall have the right to remove all such improvements and equip- ment within a reasonable time, except water well casing, fences, gates, and cattle guards, but including any materials mined and produced but not removed on the date of termination, all subject to payment of royalties as provided herein. IIJDEIdNIFICATI0t1 OF LESSOR Lessee agrees to indemnify lessor against liability on all claims for damages and injuries to persons or property that are claimed to have resulted from the activities or ommissions of lessee or its agents or employees during the term hereof. DEFAULT UY LESSEE In the event any default occurs in the performance of any term or condition of this lease by lessee, lessor shall have the right to give a thirty (30) day notice in writing to lessee, demanding 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 lease is terminated by lessor pursuant to this section, lessor shall 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, structures, or equipment placed on the leased premises by lessee. RIGHTS TO ADDITIONAL h1INERALS If any minerals, as distinguished from sand, gravel and rock, (other minerals specifically included in lease) shall be found on the leased premises, the same shall belong to lessor, but lessee shall have the first right and option to mine the same under such terms and conditions as the parties may then agree upon. EFFCCT OF COLORADO t4IF1ED LAND RECLAFIATI011 ACT Lessee shall be considered the operator of said sand, gravel and rock operation on the above described lands for all purposes of the Colorado F1ined Land Reclamation Act. Lessee will be solely responsible for all actions required by the State of.Colorado to comply with Act and any amendments subsequently made thereto. Lessor agrees he tvill not become, or attempt to become, an operator of the area lie re by leased so long as this lease is in full force and effect. Lessor will not allow any other person, association, partnership or corporation (public or private) to act as an operator, as defined in said Act and any amendments made thereto. -3-