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<br /> generally accepted standards for such work. Licensee and the Licensee Parties may bring
<br /> equipment onto the Property to assist with the Operations hereunder.
<br /> 3. Term. The term of this Agreement shall begin on July 6, 2009 (the "Effective
<br /> Date"), and shall end on the earlier of July 6, 2019, or a date 60 days after receipt of a "No
<br /> Further Action"notice issued by the CRWQCB-CVR. Notwithstanding the foregoing, Licensee,
<br /> in its discretion, shall have the right to terminate this Agreement upon at least thirty (30) days
<br /> prior written notice to Owner. Licensee's obligation to restore the Property to the extent
<br /> described in Section 6 below shall survive the termination of this Agreement.
<br /> 4. Prior Notice of Access; Coordination. Licensee shall notify Owner or Owner's
<br /> representative identified in Section 11 below (Notices) by telephone, facsimile, or written notice
<br /> at least forty eight (48) hours prior to the entering onto the Property (except that, in the event of
<br /> an emergency, notice shall be given as soon as is practicable). Licensee further agrees to
<br /> coordinate its Operations with Owner to minimize any inconvenience to or interruption of the
<br /> conduct of Owner's business or operations on the Property.
<br /> 5. Compliance with Laws. Licensee shall comply with all Applicable Laws in i
<br /> undertaking the Operations authorized by this Agreement. For purposes of this Agreement, `
<br /> "Applicable Laws" shall mean any and all federal, state or commonwealth and local laws,
<br /> statutes, rulings, rules, promulgations, directives, regulations, ordinances, consent and other
<br /> orders, guidances from regulatory agencies, and interpretations, judicial decisions, decrees,
<br /> common law, injunctions, writs, codes, standards, permits, certificates and licenses of any
<br /> governmental authority in effect on the date hereof(and as hereafter amended from time to time)
<br /> or hereafter enacted or imposed, in any way applicable to the Operations conducted by Licensee
<br /> under this Agreement.
<br /> 6. Property Restoration. In connection with its Operations hereunder, Licensee will
<br /> make every effort to minimize disturbance of the Property. After completing its Operations
<br /> hereunder, Licensee shall promptly restore, to the extent practicable, the Property to the
<br /> condition that it was in prior to Licensee's Operations hereunder. The obligation described in the
<br /> immediately preceding sentence shall survive the termination of this Agreement, howsoever
<br /> brought about, and shall be effective regardless of when claims or liabilities are made or
<br /> asserted.
<br /> 7. Permits and Reporting Obligations. Licensee shall obtain all necessary permits
<br /> and authorizations from all appropriate governmental agencies to conduct the Operations
<br /> authorized herein, and shall make all required notifications .and fulfill all reporting obligations
<br /> required by Applicable Laws. At Owner's request, Licensee shall provide Owner with a copy of
<br /> any public reports relating to the environmental condition of the Property, which reports are
<br /> prepared by Licensee and submitted by Licensee to a governmental authority.
<br /> 8. Release. Licensee expressly acknowledges and agrees that Owner is merely
<br /> providing access to the Property pursuant to Licensee's request, for the sole and limited purposes
<br /> set forth in this Agreement, and that Owner has made no representations to Licensee in
<br /> connection with any condition, contamination or substances that may exist on, near, about or
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