|
UD6��(�\i��
<br /> `
<br /> ` S.A.�Q �� {' }Z,�N ]�� iL��.�S|� ��{�. ��}. ll0h�l
<br /> This Sand and 6ravai Lease (the "Lease''>, i� madein dupikoteand entered into this 1Sm day of
<br /> September, 2016 by and between the ST4TEOF 11-0u8R4DO. acting byand through the STATE BOARD OFLAND
<br /> COMMISSIONERS, located at11I7ShermanStreet, 5u6ie300^ Denver, [ODOIO3 <^Lessor"), and DURAN Et
<br /> PEAR[ECONTR4[TORS. whoseud&ess is PO Box 1331' Craig [O81626` ("Lessee"):
<br /> YV|TNESSETH: Lessur, for ano i'/ conaderadon u[ the sum of _one hung red eighty Dollars
<br /> ($18X0.00), receipt ofv/l�/ch is hereoy acknowIedg*d as oa/mentof the filing fee in the amount ofSOl0. MmL
<br /> year's rent in the amouwof o/iehWidred eighty and ng/103 DoUars ( . a:d in further consideration of
<br /> Lessee's aqreement to Day Tl�ee aind /)o/108Dql�ars /$_3'0O1 pet acre annua!iy as rental /n advance of the
<br /> anniversary date of this tease so ioi� as 5a/d lease shai; re�nail i�i effect; and in further consideration of the
<br /> Lern�s' con�it/ons and ag/eernencs h+/*i i and or the paymrnt of royalties reserved herein, to be kept and
<br /> performed Lesse*, irs successo�s e-A assigns' does hereby iease to Lessee the right and Vnviiege of
<br /> exploring and prospecc/ng for, deve\op/sZ, arid min/no ofsnd takiny of Sand {i minerals from the lands
<br /> �a/enn descriuec, situz�ed in the [ouoty of Moffat. State of Colorado, to wit:
<br /> ACRES \IJBD|Y|8D� SE[-TWp-RGE PATENT
<br /> 60.0 E25V/N\Y, SENY/ 13'T6N'R91VY' 6uP,/0. 4506
<br /> FUND: School.
<br /> Co.itainng 60.0 ac,es, more or ios (toe Pre�nises^) tog*therw/�h the right to use asmuch of
<br /> 'the surtzce as may be r+as^mao\y req�:reu. 1--idudini2 t�-je righ, to reasonable ingress and egress; the
<br /> /ight [o makeoucavadons' stoci�P|les, and otn�rimpoovernen[s as may be- reasonably necessary in the
<br /> n`min3 anJ nemo,,!a! ofs� d suo}ect. howeve/, to aii existing easement
<br /> s and rights-of-way of
<br /> third pa/dels, as cpca/"i-d on Exhi�z � to ti`s agresmenz, a�)d the rights of surface lessees and surface
<br /> ew:ers, aoo furthe� sub`ec� to '�&'nz, cundbuns an'J aareements set out in this Lease. The
<br /> above nnax be exercised |n connecc|on with mining on other oradjacent iandsonb/
<br /> �hen mmmg o�� surn lands is carneo on incon� �uction �� th the actual mining on the Leased Premises.
<br /> Th* banehcs, lerms, a�d obligat/us o� �hn Lpl�se shak extend to and be bind!ng upon the heirs,
<br /> execunos, ad'ninotnntors, successors, orassipnsofthp / paroes neneto.
<br /> RESERVING, hm�veve/. to Lessor:
<br /> 4, Ai, n�htsand pr/viiegescf every \inoand nature, except asare herein specifically granted.
<br /> G. The right to use u- ii�ase said pr*snses or any part thereof at any time for any purpose'
<br /> /riciudmo che /igh1 to explore and pro+pect saio premises, which use and teasing of said
<br /> poszn/sez sha�i be for pu�poses ocher chan and not mconsiaant with the rights arc privileges
<br /> herein speci�/caliy granted, -
<br /> C. The nght at al", tinies during the Uf'-' 51f th/s lease to go upon said premises ana every part
<br /> thereof for the purpose of /nspecdnD sa4d prem�ses, and the books of accounts and records of
<br /> mineral v'orkings therein, and of ascerLaioinJ whether or not said Lessee and those holding
<br /> lhere:nder by and �/o/n �L' are ca./TingouL the ternS, coveran,,sand agreements in this (ease
<br /> contained.
<br /> TO HAVE AND TO !0LD the above descnbpd Leased Premises unto Lessee, its he/rs, successors` aoigns,
<br /> or legal repoesentat/vesfo,- the primary term of 10years. and until Twelve O'clock noon on the 1Sth day of
<br /> September' 2026. The Lease may co��mue -n effect for an additional 10year^ to the 15: day ofSeptember,
<br /> Revised
<br />
|