2014-04-09_PERMIT FILE - M2014001 ‎(4)‎

• Permit No: M2014001
• IBM Index Class Name: PERMIT FILE
• Doc Date: 4/9/2014
• Doc Name: Response to adequacy review comments
• From: Blue Earth Solutions
• To: DRMS
• Email Name: PSH
• Media Type: D
• Archive: No

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ECEIVED MAY 21 0
MEMORANDUM OF SAND AND GRAVEL LEASE
Under the terms of the Sand and Gravel Lease ( "Lease ") effective January 1, 2011,
between JRT Limited Partnership and Terry Grazing Association, P.O. Box 3170, Cheyenne, WY
82003, {jointly referred to as the "Lessor ") and Connell Resources, Inc., a Colorado corporation
( "Lessee "), Lessor has leased to Lessee certain real property located in Weld County, Colorado and
described as:
a. The currently - operating Carr /Tucker Pit, including all of Section
17, Township 11, Range 67, except 1 acre in SW4SW4, and the N2NE4 in
Section 20, Township 11, Range 67, Quarter Section I, AND
b. additional real property which is being added to the Carr /Tucker Pit,
including all of Section 21, Township 11, Range 67, and the SW4 &S2SE4 in
Section 22, Township I I, Range 67 (25RR).
( "Leased Premises ") for the purpose of Lessee mining and extracting sand, gravel and related
products from the Leased Premises under the terms and conditions of the Lease. The Lease shall be
in effective until the earlier of the following events:
a. One year following the date all salable material has been removed and sold from the
Leased Premises;
b. On December 31, 2016, unless extended pursuant to Section 2;
c. Lessee terminating this Lease by giving Lessor written notice on or before September 1
of any calendar year stating that Lessee is terminating the Lease as of December 31 of
that calendar year;
d. Either party terminating the Lease under the default provisions of Section 13;
e. Failure of the Permits transfer process referred to in Section 4; or
f. At Lessee's option, upon substantial interference with Lessee's operations by the oil,
gas, or mineral owner, as referred to in Section 7.9.
The other terms and conditions of the Lease are incorporated into this Memorandum by this
reference.
LESSOR: JRT Limited
Printed Name:
STATE OF WYOMING }
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COUNTY OF LARAMIE )
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3863177 Pages: 1 of 3
0810112012 02.31 PM R Fee:$21.00
Steve Moreno. Clerk and Recorder, Weld County CO
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