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<br />insurance in accordance with the laws of the State of Colorado for all employees located
<br />on the Property; and
<br />(2) Comprehensive General Liability and Property Damage insurance (including contractual
<br />coverage) with bodily injury ]intits of $1,000,000.00 each occurrence and $1,000,000.00
<br />aggregate and property damage, or in lieu of both, $2,000,000.00 Combined Single Limit;
<br />and
<br />(3) Accident insurance covering each participant in an amount of $1,000,000.00 per person
<br />and aggregate.
<br />Prior to utilizing the Property heroin, CLC shall furnish to OWNER (if requested by OWNER) a
<br />certificate of insurance showing that the requirements of this paragraph have been satisfied.
<br />7. Information. CLC shall not be required to famish OWNER any information obtained as a
<br />result of the operations conducted under this Agreement, which shall include but not be limited
<br />to, geological information, Wraps; records, reports, data, and analog charts.
<br />8, Permits Bonds and Reclamation. CLC shall bear the responsibility and cost of obtaining
<br />all Federal, State, County and local permits and reclamation bonds necessary to conduct its
<br />operations under this Agreement. OWNER agrees to cooperate with CLC in securing such
<br />permits and reclamation bonds, and provide CLC in a timely manner upon CLC's request, those
<br />consents, acknowledgments and waivers required by present or future laws or regulations,
<br />including but noY limited to having any parries holding ]lens on the Property execute the
<br />following "Lienholders Statement":
<br />"The undersigned, holder of a lien by virtue of a Deed of Trust recorded
<br />on , in the public records of Routt County, Colorado in Book
<br />at Page ,covering the property described in Exhibit "A"
<br />attached hereto and incorporated herein by reference("Property"), with said
<br />Property also to be included in one or more coal exploration reclamation bonds
<br />to be filed with the State of Colorado Department of IQatural Resources and/or
<br />the United States Department of the Interior, Bureau of Land Management, does
<br />hereby consent to allow the State of Colorado and/or the United States access to
<br />said Property if necessary to perform lawfully required reclamation operations
<br />under said bond(s), in the event Cottonwood Land Company, its agents,
<br />affiliates, subsidiaries, successors or assigns fail to perform such required
<br />reclamation operations subsequent to conducting activities on said Property
<br />undertaken for the purpose of permitting, exploring, examining, or assessing the
<br />presence, quantity, quality, location, nature, or extent of minerals on said
<br />Property."
<br />CLC shall be responsible for all reclamation necessary as a result of its operations under this
<br />Agreement and for other costs and liabilities including without limitation payments to
<br />landowners for surface damages, replacement of fencing, loss of livestock, loss of forage, and
<br />use of water supplies. CLC shall conduct all operations under this Agreement in substantial
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