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DEC 11 ?014 <br /> COMMERCIAL LEASE AGREEMENT DIVISION OF RECLAMATION <br /> MINING AND SAFETY <br /> THIS LEASE dated 01 December 2013, <br /> BETWEEN: Sue Pipkin,TWK Enterprises, Inc; PO Box 404, Byers, Colorado 80103, the party <br /> of the FIRST PART <br /> AND <br /> Springdale Partners LLC, PO Box 1147,Sterling, Colorado 80751,the party of the <br /> SECOND PART <br /> IN CONSIDERATION of five hundred dollars paid this date, the party of the first part does hereby <br /> lease unto the party of the second part,the following described item: <br /> Deer Trail Pit, Permit M-1988-090 <br /> This permit located in Arapahoe County, Colorado, 6606 County Road 213, Deer Trail, Colorado <br /> 80105. The duration of this lease shall be for the period of one year. <br /> The party of the second part agrees to maintain the permit in accordance with C.R.S. 34-32.5-116 <br /> requiring the annual payment of$791.00 due December 7, 2013, the submission of a map indicating <br /> recent disturbances, reclamation and, if applicable, date of resumption of active operations. <br /> The Parties to this Lease have affixed their signatures this 15S day of December, 2013. <br /> � 1 <br /> Sue Pipkin,TWK Enterprises, Inc, ParAy of the Lar ,or Springdale tners, LLC, Party <br /> FIRST PART of the SECOND PART <br />