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except to the extent that they have already been recouped or refunded as of the effective date of <br />termination, or except as expressly provided Paragraphs 10.D, above. <br />15. End of Term The Company shall have the right for one year from the date of the <br />expiration or termination of this Lease to dismantle and remove machinery, equipment, <br />improvements, and other facilities installed or constructed on the Property by the Company andalso <br />to sell and remove Materials then stockpiled on the Property, subject to its obligation to pay Sales <br />Royalties pursuant to Paragraph 3.A. The Company shall not mine any additional Material <br />following expiration or termination of this Lease. <br />16. No Develo meat Covenant. There is no implied covenant or obligation of the <br />Company to explore, develop or mine the Property or to sell Materials. The Company may maintain <br />this Agreement in effect for its'rerm and any allowed extensions by making the payments set forth <br />herein. <br />17, Restoration of Property, The Company shall not commence any extraction or <br />processing operations on the Property until the amount and type of security for performance of <br />reclamation on the Property has been set by the Colorado Division of Reclamation, Mining and <br />Safety ('DBMS") and the Company has posted the required financial assurance with the DR.MS. <br />Within two (2) years after the expiration or earlier termination of this Lease, the Company will <br />restore the Property to the condition required by law and by the applicable Permits and approvals <br />required for the Company to conduct operations hereunder. Following; the expiration or termination <br />of this Lease for any reason, Lessor covenants that Lessor will not extract or allow others to extract <br />Mate4als until (i) Lessor or others effect the transfer of the DRMS Permit to their names for <br />reclamation or rehabilitation of the Property and (ii) the release of any security or bond provided by <br />the Company to secure its performance or discharge its responsibilities. Unless Lessor desires to <br />continue operations to extract Materials (either by Lessor or through an operator, representative, or <br />other lessee), the Company shall have the right to access and enter the Property and to effect on the <br />Property such restoration, rehabilitation and reclamation as may be required to discharge the <br />responsibilities which the Company has assumed pursuant to its Permits and under Paragraph 7.E <br />and to procure the release of any bond or other financial assurance provided by the Company. <br />If for:. any reason the Company shall not complete reclamation of the Property in accordance with the <br />DRMS reclamation permit, the Company shall be liable to Lessor for all of Lessor's costs and <br />expenses incurred to complete the reclamation under this Lease, including, without limitation, those <br />costs and expenses associated with re-entering and re-taking possession and all of Lessor's <br />reasonable attorney's fees and costs. Company shall pay Lessor on demand any amounts so <br />expended by Lessor. Lessor's rights under this paragraph shall not be Lessor's exclusive remedy in <br />the event of Company's failure to complete its reclamation work in accordance with this Lease. All <br />of Lessor's rights under this paragraph shall be cumulative, together with any and all other rights, <br />remedies and claims available at law or in equity. <br />18. Assignment. Assignment of this Lease by the Company requires the prior written <br />y shall Have <br />consent of the Lessor, which will not be unreasonably withheld; except that the Compan <br />-14-