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Gravel Property Lease <br />This Gravel Property Lease (this "Lease"), dated this 26th day of May 2017, <br />hereinafter referred to as the "Lease"), by and between Orlando Martinez ("Lessor"), <br />whose address is 1 Kiowa, Pueblo, CO 81006, and Fremont Paving& Redi Mix, Inc., a <br />Colorado Corporation (`Company"), whose address is 839 Mackenzie, Canon City, CO <br />81212. <br />Recitals <br />In consideration of the sum of paid by the Company to Lessor, <br />the receipt and sufficiency of which is hereby acknowledged by Lessor, and on and <br />subject to the terms and conditions provided in this Lease, Lessor hereby leases, lets and <br />demises to the Company the Materials as defined herein, in, on and under the following <br />described real property situate in Huerfano County. Colorado with a legal description as <br />follows: <br />See Attached Assessor Sheets <br />the exclusive right to sample, drill, and test for, develop. mine, quarry, extract, process, <br />convey, sell, use, and remove them during the Term of this Lease, along with the right to <br />locate and operate and /or sublease aggregate, asphalt and concrete plants and with <br />associated easements as provided herein. <br />1.Definitions. <br />a.Lease Year shall mean a period of one year beginning on the date the <br />Term of the Lease commences, as set forth in Subsection e, below, or <br />on any annual anniversary thereof. <br />b.Materials shall mean stone, sand and gravel, aggregate and any <br />overburden or other material, other than hydrocarbon minerals such as <br />coal, oil. and gas and associated liquid hydrocarbons, that are removed <br />incident to sand and gravel operations hereunder and which are <br />saleable and recoverable from the Property in the course of such <br />operations. <br />c.Net Sales Ton shall mean 2000 pounds of Materials from the Property <br />actually removed from said Property. <br />d.Plant shall mean a portable and/or fixed facility for processing. storing. <br />washing. sorting. handling loading and shipping of Materials, along <br />with ancillary facilities, and shall also mean a concrete or asphalt batch <br />plant. <br />1 <br />Lessor Initials <br />Lessee Initials •