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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Property: Asphalt Paving Company plant, Part of Sections 13 <br />and 14, T6S, R69W. (14 and G9, 9A, 9B) <br /> <br />Lessor (Grantor) <br />Lessee (Grantee) <br /> <br />Foster, et al <br />Asphalt Paving Company <br /> <br />Size <br />Date Operations Began <br />(current) <br />Term <br />Royalty <br /> <br />180 acres <br /> <br />1967 <br />10 years <br />$0.12 base <br /> <br />Remarks: Lease made concurrent with purchase of one-quarter <br />interest by Grantee; however, purchase is based on Chatfield <br />Dam market. Current production approximately 200,000 tons <br />per year. <br /> <br />Type of Product: Concrete and asphalt aggregates of unspecified <br />ratio but assumed to be about 50-50. <br /> <br />Estimated Reserves (Lessee's estimate): 7 million tons coarse <br />material; 15 million <br />tons fine material. <br /> <br />Reserves in years: 50 to 60 <br /> <br />-7G- <br />