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shall furnish to LICENSOR a certificate of insurance showing that the regpirements of this <br />paragraph have been satisfied. <br />3. Permits and Reclamation. LICENSEE shall bear the responsibility and cost of obtaining all <br />federal, state, and local permits necessary to perform exploration activities on the Property <br />as authorized in this Agreement and LICENSOR agrees to provide any consents necessary <br />to secure such permits. LICENSEE shall be responsible for all reclamation necessary as a <br />result of its operations and for other costs and liabilities including without limitation <br />payments to landowners for surface damages, replacement of fencing, loss of livestock, <br />loss of forage, and use of water supplies. LICENSEE shall conduct all operations in <br />compliance with all federal, state, and local laws and regulations. LICENSEE shall use <br />existing roads for ingress and egress on or over LICENSEE'S property. LICENSOR shall <br />advise LICENSEE of any special or unusual conditions required by any lease agreement or <br />other agreement applicable to Exhibit A. <br />4. Term of Agreement. This Agreement shall be and remain in effect for a period of two (2) <br />years commencing on the Effective Date ('Term"). <br />5. r Monitoring Well Site. LICENSEE may use one (1) of th ermitted sites for <br />the pur of water monitoring. I<ite i will be fended or otherwise <br />protected so a o interfere with of the Property. If any site is s <br />used, this Agreement au aor a term of twenty (20) years a <br />LICENSEE shall pay LICENS nnually on each anniversary date <br />the Agreement comm g on the alowing the completion of the site for <br />such use. T ' greement will allow ht of access, maintenance of, and <br />abilit onduct water monitoring activities. <br />6. Operative Provisions of Agreement. <br />(a) This Agreement and Exhibit A attached hereto state the entire agreement between <br />the Parties, and replace all oral and written representations, correspondence and <br />agreements by or between the Parties concerning the Property. No amendment or <br />modification of this Agreement shall be binding unless made by written instrument <br />of equal formality. Each Party shall be entitled to insist strictly upon the timeliness <br />of performance by the other Party of the other Party's obligations. <br />(b) The rights, duties and benefits of this Agreement shall accrue to and be binding <br />upon the respective successors and assigns of the Parties. <br />(c) No assignment of the Agreement or of any interest therein, and no sublicense for <br />any purpose shall be made or granted by LICENSEE without the prior oral or written <br />notice to LICENSOR.