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State of Colorado
<br /> Department of Natural Resources
<br /> STATE BOARD OF LAND COMMISSIONERS
<br /> 1127 Sherman Street,1300
<br /> Denver, Colorado 80203
<br /> MINING LEASE NO. 109924
<br /> This MINING Lease (the "Lease"), is made in duplicate and entered into this 14 day of April, 2016, by
<br /> and between the State of Colorado, acting through its STATE BOARD OF LAND COMMISSIONERS, hereinafter
<br /> referred to as, "Lessor", and TRANSIT MIX CONCRETE CO., 444 E. Costilta St., Colorado Springs, CO 80903,
<br /> hereinafter referred to as "Lessee":
<br /> WITNESSETH: Lessor, for and in consideration of the sum of Three thousand nines eight and no/100
<br /> Dollars ( 3 098.00 , receipt of which is hereby acknowledged as payment of the filing fee in the amount of
<br /> $500.00, first years rent in the amount of $2,598.00, and a bonus in the amount of $ -0-, and in further
<br /> consideration of Lessee's agreement to pay Three and no/100 Dollars ($ 3.00) per acre or fraction thereof
<br /> annually as rental in advance of the anniversary date of this lease so long as said lease shall remain in effect;
<br /> and in further consideration of the terms, conditions and agreements herein and of the payment of royalties
<br /> reserved herein, to be kept and performed by Lessee, its successors and assigns, does hereby lease to Lessee
<br /> the right and privilege of exploring and prospecting for, developing, and mining of and taking of sand, gravel
<br /> id crushed stone minerals (the "Minerals") from the lands herein described, situated in the County of El
<br /> easo, State of Colorado, to wit:
<br /> ACRES SUBDIVISION SEC-TWP-RGE PATENTS
<br /> 550 N2,N2S2, SESE,E25WSE,E2W25WSE 16-16S-67W 2499
<br /> 150 E2NE, E2W2NE, N2NESE, SENESE 21-16S-67W 7931
<br /> 160 W2W2 22-165-67W 7931
<br /> 5.97 FR. PT W2NW 23-16S-67W 7788
<br /> Except, mining of and taking of Minerals is not allowed from the following lands:
<br /> A. SESE, E2SWSE, E2W2SWSE Section 16, Township 16 South, Range 67 West, containing 70 acres, more or
<br /> less; and
<br /> B. E2NE, E2W2NE, N2NESE, SENESE Section 21, Township 16 South, Range 67 West, containing 150 acres,
<br /> more or less; and
<br /> C. W2W2 Section 22, Township 16 South, Range 67 West, containing 160 acres, more or less; and
<br /> D. FR. PT W2NW Section 23, Township 16 South, Range 67 West, containing 5.97 acres, more or less.
<br /> FUND: School
<br /> eo7o 2
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