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5/13/61 <br />arising or to arise out of or in connection with the mining and <br />• other operations of Hear or its assigns hereunder, unless the <br />same should arise because of detects in Anchor's title to the <br />Lease or unless the same should arise by reason of the <br />neglig erce or misconduct of Anchor, its agents or employees. <br />Article 14 - Tien for Rentals or Royal.`ies <br />Anchor is hereby given and shall have a lien upon the <br />estate hereby created and all of the propert}~ of Bear or its <br />assigns, placed on the Property, for the payment of all <br />royalties and other moneys which may at any time become due to <br />Anchor frog Bear hereunder, which lien is and shall be prior <br />and superior to any and all other liens or rights which shall <br />be created by the neglect or default of IIear, but shall be <br />subordinate to liens or encumbrances created by Bear for <br />purposes of financing operations or improvements on the <br />Property, if such security interests are perfected before <br />• Anchor delivers a notice of default to Bear pursuant to Article <br />15 below. All of said royalties and other moneys shall be <br />treated as rents reserved for the use of the subleased coal and <br />the Property, and Anchor shall have, in addition to the <br />remedies herein given, all of the rights and remedies of a <br />landlord for the recovery of rents under the laws of the State <br />of Colorado. A11 rights and remedies given hereunder shall be <br />cumulative and not exclusive. None of the foregoing shall <br />prohibit Bear from replacing existing equipment without <br />Anchor's consent. <br />Article 15 - Default by Bear <br />This Sublease is made by Anchor and accepted by Bear <br />upon the express condition that, if Bear shall fail or refuse <br />to pay the production payments hereunder, including minimum <br />production payments, when due, and any such failure or refusal <br />shall continue for a pe_:iod of fifteen (15) days aftee written <br />• notice thereof is given to Bear by Anchor, then this Sublease <br />shall, at the option of Anchor, terminate and be void. If Bear <br />-8- <br />/? <br />~._-!~~ <br />