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<br /> <br />vI. <br />Indemnification <br />Walden Coal Company agrees to guarantee, assume and pay <br />all payments as provided in the H-E Lowdermilk Sublease and <br />perform all terms, conditions and obligations thereof. In <br />addition, Walden Coal Company agrees to indemnify and hold <br />harmless Flatiron Paving Company against any obligation, <br />duty, responsibility, payment, liability, damage or injury <br />caused by reason of the H-E Lowdermilk Sublease, or of <br />Walden Coal Company's default under the H-E Lowdermilk <br />Sublease, or which Flatiron Paving Company may suffer as a <br />• result of claims, demands, actions, suits, fees, costs, or <br />judgments against Flatiron Paving Company arising out of the <br />H-E Lowdermilk Sublease or operations to be carried out by <br />Walden Coal Company in its coal or mineral pursuits. <br />VII. <br />Royalties <br />Walden Coal Company assumes the obligation to pay to <br />Flatiron Paving Company the amount of all royalties as calc- <br />ulated and due under the terms of the Bourg and Knowles coal <br />leases for the production and sale of coal and other min- <br />erals as provided in the H-E Lowdermilk Sublease. Flatiron <br />Paving Company shall then make said royalty payments to H- <br />E Lowdermilk. H-E Lowdermilk in turn will make the royalty <br />• payments to the Lessors under the Bourg and Knowles Leases. <br />In addition, Walden Coal Company shall pay royalty to Flat- <br />iron Paving Company for the production and sale of coal from <br />the leased premises on a sliding scale as follows: <br />Tons of Coal Sold <br />nne,.~ ~-o.a 5010 <br />• <br />Percent Royalty <br />~~ <br />Walden Coal Company shall pay Flatiron Paving Company a <br />minimum royalty of $39,000.00 per year. If the royalties <br />-4- <br />