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Gravel Property Lease <br /> A <br /> This Gravel Property Lease (this "Lease"), dated this 4 �1 <br /> dati of:.n..... 2018, <br /> (hereinafter referred to as the "Lease''), by and between Rajat Gupta (:.Lessor"), whose <br /> address is PC) Box 5356, Pagosa Springs, CO 811=47 , and Fremont Paving & Redi Mix. <br /> Inc.. a Colorado Corporation ("Company"). whose address is 839 Mackenzie. Canon <br /> City. CO 81212, <br /> Recitals <br /> In consideration of the sum oil ' aid 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 Archuleta County. Colorado \\ith a legal description as <br /> follows: <br /> NE ' of SW '/a of Section 25, Township 35 N. Range 2 W. SE of NW 'A of <br /> Section 25. Township 35 N. Range 2 W, SW 1/4 0f NE: IA of Section 25. Township 35 N, <br /> Range 2 W and the NW i of the SE ' of Section 25. Township 35 N, Range 2 W <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 for 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 during such 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 /> L. I <br /> Lessor Initials !`,+L�g <br /> Lessee Initials AT <br /> / /- <br />