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hereunder. It is further mutually understood and agreed that the rights, duties, and obligations <br />• created hereby shall extend to and be binding upon the parties, their heirs, executors, <br />administrators, successors and assigns, and shall remain binding upon the parties in the event of <br />assignment or other transfer of interest. <br />13. Taxes <br />Lorencito will pay the taxes assessed against all improvements, operations, equipment and <br />personal property it places on the Leased Lands, will pay the property taxes levied against [hose <br />portions of the Leased Lands which constitute the leasehold estate, if and when, and to the extent <br />that, any individual portion of the Leased Lands' tax classification is changed from agricultural to <br />coal producing lands, and will pay all local, state and federal taxes and fees assessed against the <br />coal after it is mined, removed, and sold from the Leased Lands and all other taxes attributable to <br />the mining operations thereon. Lorencito shall reimburse Hills for any increase in taxes levied <br />against the Leased Lands resulting from any increased assessed valuation of the Property <br />attributable to Lorencito's improvements, operations or interest in the Leased Lands. <br />Hills will pay other taxes assessed against the Leased Lands including timber, improvements, <br />and other personal property thereon, and minerals other than coal, save and except taxes assessed <br />against minerals owned by MGP or its assigns. <br />14. Notice <br />• Any notice required pursuant to the terms of this Lease shall be deemed valid three days after <br />being mailed, certified mail, return-receipt requested, to or from the following (or to such other <br />addresses as the parties may in the future provide to each other by written notice): <br />If from Lorencito to Hills, duplicate originals of any notice shall be sent to: <br />Hill Ranch <br />3974-C Highway 67 West <br />Glen Rose, Texas 76043 <br />and <br />F.E. Hill Co. <br />P. O. Box 226 <br />Fairfield, TX 75840 <br />If from Hills to Lorencito, notice shall be sent to: <br />Lorencito Coal Company, LLC <br />4422 Bryan Station Road <br />Lexington, KY 40516. <br /> <br />COAL LEASE FINAL 625-01 Aoc 11 <br />