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Lease Contract <br /> This Lease Agreement is made between Gerald and Norma Korinek(Lessee),Ordway, CO 81063, <br /> and JH Sand and Gravel, LLC (Lessor), 5960 Ln 23, Sugar City,CO 81076. <br /> 1. Term. This lease is for 20 years,with lease payment negotiable on an annual basis.Should the <br /> land and water that is described in this lease be sold,the lease agreement will continue with the <br /> new owner(s). <br /> 2. Premises.The premises leased are land located in Crowley County,Section 21,T22S, R57W, <br /> SE1/4, NE1/4. The use of these lands is for the storage and repair of equipment. <br /> 3. Water. The use of a well on these properties is crucial for the Gravel Pit operation of JH Sand & <br /> Gravel. <br /> 4. Structures.The existing structures used on this property by the Lessor shall be maintained to the <br /> current standards at the cost of the Lessor. <br /> 5. The use and maintenance of these lands is to be agreeable to both Lessee and Lessor,and any <br /> discrepancies could be subject to a third party arbitrator. <br /> The agreement of this lease is to be signed by both parties on this day of January 28, 2019, and will be <br /> binding until lease is to be amended or terminated,which would create new signatures. <br /> ter. - Lessee <br /> Gera+ Korinek <br /> alrAPA,, c/ Lessee <br /> VIM N Kori -k <br /> G ` <br /> Lessor <br /> JH Sand Gravel, LLC <br /> Jim Mc istion, President <br />