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2. Royalty. For use of the land as described herein and purchase of the <br />aggregate borrow material, the Lessee agrees to pay the Lessors the <br />sum ofo� for a estimated I of aggregate borrow <br />material an I I of the batch plant site on <br />the property (subject to permitting). A $3,000 deposit is to be paid in <br />advance of operations commencing and then payments will be made <br />monthly based on the material removed from the site and for monthly <br />site rental. The estimated interim quantities will be paid within 30 days <br />of removal of the material. The term of this Lease shall commence <br />upon the 15th.of March, 2015 and run for one year from that date. <br />3. Work. It is understood and agreed that all work will be done upon the Property <br />without expense to the Lessors. All work performed by the Lessee, its independent <br />contractors, employees, agents or others in any way related to the Property or this Lease <br />(collectively,, the "Related Parties ") shall be performed in a good and workmanlike manner <br />and otherwise pursuant to the terms hereof. <br />4. Environmental/Hazardous Substances. Other than as is directly related to the <br />Borrow Operations and in compliance with all applicable Environmental Laws (defined <br />below), Lessee shall' not dispose of or otherwise, introduce any .Hazardous Substances 'on or <br />to the Property or any. real property in the vicinity of the Property. In connection with its <br />conducting the Borrow Operations on the Property or otherwise with respect to this Lease, <br />Lessee acknowledges, understands and covenants Ao Lessors that (i) none - of the Property <br />will be in direct or indirect violation of any local, state or federal law, rule .or regulation <br />pertaining to 'environmental regulation, , contamination or clean -up (collectively, <br />"Environmental Laws "), and (ii) none of the Property will be subject to any private or <br />governmerital lien or judicial or administrative notice or action relating to hazardous and/or <br />toxic substances, wastes, materials, pollutants or contaminants (including, without <br />limitation, asbestos, and raw materials which include hazardous constituents) and any other <br />substances or materials which are included under or regulated by Environmental Laws <br />(collectively, "Hazardous Substances "). <br />5. Permits/ Approvals. In connection with its Borrow Operations or any other action or <br />inaction which Lessee takes with respect or related to the Property, Lessee shall be in strict <br />compliance with all applicable local, state and federal laws. Lessee shall be solely <br />responsible for obtaining all required licenses, and approvals required for the Borrow <br />Operations. Lessors agrees to use reasonable efforts to cooperate with Lessee's efforts, <br />including execution of any .required applications, requests or other matters; provided, <br />however, it is expressly understood and agreed that Lessor shall not be required to expend <br />any out-of-pocket costs or expenses in connection with such cooperation. <br />6. insurance. At any time while this Lease is in effect, Lessee shall obtain and <br />maintain in full force and effect, at its own expense: (i) a policy of insurance written by one <br />or more responsible insurance carrier(s) which will include Lessor as an additional insured, <br />insuring against liability for injury to persons and/or property and death of any person or <br />persons occurring in, on or about Property arising from Lessee 's conduct. and (ii) all <br />employee's compensation insurance required undex applicable Worker's Compensation <br />Acts. Before commencing any work on the Property, Lessee shall furnish Lessors with <br />certificates of insurance issued by the appropriate insurance carrier(s) demonstrating <br />compliance with the terms of this paragraph. <br />2 <br />