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commences in good faith to correct the failure and provided that <br />the Company diligently pursues and completes the correction <br />within a reasonable time. <br />b. The Company shall have the right, at its option, to terminate this Lease <br />at the end of any Lease Year during the Term by giving at least sixty <br />(60) days prior written notice to Lessor. <br />C. Upon termination of this Lease for any reason, the Company shall <br />continue to be liable for the performance of all of Company's <br />obligations and the satisfaction of all Company's liabilities to Lessor <br />including, but not limited to, the payment of royalties which have <br />accrued prior to the date of termination and the compliance with all <br />laws, regulations, and permit conditions that apply to the Property and <br />the operations on the Property including, but not limited to all <br />reclamation environmental and land use laws, regulations and permit <br />conditions. <br />d. Upon termination of this Lease with respect to all or any part of the <br />Property, the Company agrees to furnish Lessor with a document <br />reasonably satisfactory to Lessor verifying such termination and <br />release of Lease. <br />Upon termination of this Lease by the Company for any reason, all <br />sums paid hereunder to Lessor shall remain the property of Lessor and <br />shall not be recoupable or refundable except to the extent that they <br />have already been recouped or refunded as of the effective date of <br />termination, or except as expressly provided Paragraphs 10.B and C <br />above. <br />12. End of Term. The Company shall have the right for six (6) month from the <br />date of the expiration or termination of the Lease to dismantle and remove <br />machinery, equipment, improvements, and other facilities installed or <br />constructed on the Property by the Company and also to sell and remove <br />Materials then stockpiled on the Property, subject to its obligation to pay Sales <br />Royalties pursuant to Section 3. <br />13. No Development Covenant. There is no implied covenant or obligation of the <br />Company to explore, develop or mine the Property or to sell Materials. The <br />Company may maintain this Agreement in effect for its term and any allowed <br />extensions by making the payments set forth herein. <br />14. Restoration of Property. Within one (1) year after the expiration or earlier <br />termination of this Lease, the Company is required to substantially restore the <br />Property to the condition required by law and by the applicable permits and <br />approvals required for the Company to conduct operations hereunder. <br />