2015-08-18_REVISION - M2003052 (8)

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Wu I -kT � b"( L 0 �03 05�0, (GI ryl MINING LEASE SAND -ROCK -GRAVEL THIS LEASE, Made this day of 10th day of August 2015 Between WINDY RIDGE LLC, 3963 COUNTY RD 5 5/10, LAMAR, CO 81052, LESSOR, and JE CATTLE LLC, JUSTIN EMICK, 6424 HIGHWAY 287,LAMAR, CO 81052, LESSEE, W I T N E S S E T H: In consideration of the sum of One Dollar ($ 1.00) and other valuable considerations, receipt of which is hereby acknowledged, Lessor hereby leases to Lessee the tract of land shown below from the date of the lease until the 10' DAY OF AUGUST, 2017 for the purpose of quarrying, mining, removing and marketing from there all sand, gravel, rock and other construction materials. Said land is situated in the County of Prowers, in the State of Colorado, and is described as: NE 1/, OF SECTION 22 T27S R47W SW % OF SECTION 22 T27S R47W NE '/. OF SECTION 22 T27S R47W NONE IN SECTION 23 E '/ OF SE % OF SECTION 21 T27S R47W E i/ OF NE 1/. OF SECTION 21 T27S R47W 1. PRICE: Lessee shall pay WINDY RIDGE LLC monthly on or before the 10th day following each month for gravel and overburden hauled from the premises at the sum of .50 CENTS PER US TON Lessee shall maintain records of truckloads hauled from the premises, which shall be furnished to Lessor, and each truck hauling material will be designated on Lessee's records. Lessee will cause test loads for each truck to be weighed at Lessor's request. However, it is not the intention of the parties that each truckload be weighed. 2. ACCESS: Lessee shall have the right of ingress and egress to and from the premises on roads presently located on said tract or upon roads constructed by Lessee together with the right to erect temporary structures such as screening and crushing plants, asphalt plants and other structures necessary to remove and process gravel. 3. OPTION TO RENEW: Lessee shall have the right and option to renew with permission of Lessor. 4. STOCKPILES: Lessee shall retain title to all sand and gravel mined and stock piled on the premises, and Lessee shall have the privilege of stock piling sand and gravel during the term of this option or any extension thereof, whether in writing or not, until all pit reclamation has been completed to the satisfaction of the Division of Minerals and Geology. Lessee shall pay at the rate above set forth for stockpiled rock, crusher fines, and sand as the same are removed. Stockpiles must be moved within one (1) year after said lease is terminated, or paid for in advance with the lessors approval.