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Gravel Property Lease0000� <br /> lYL.4 Y <br /> This Gravel Property Lease (this "Lease"), dated this day of Aprii-;2019, <br /> (hereinafter referred to as the "Lease"), by and between Darren D. and Donna L. Buss <br /> ("Lessor"), whose address is 1242(O U S N,,,y 5 0 , and Fremont Paving & Redi <br /> Mix, Inc., a Colorado Corporation ("Company"), whose address is 839 Mackenzie, <br /> Canon City, CO 81212. <br /> Recitals <br /> In consideration of the sum of Ten Dollars ($10)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 he in, in, on and under the following <br /> described real property situate in G'--�tiounty, rado with a legal description as <br /> follows: t=R emcA <br /> See attached legal description ` <br /> g <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 with associated easements as provided herein. <br /> 1. Definitions. <br /> a. 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 /> b. Term. The Term of this lease shall be for the duration of the Colorado <br /> Department of Transportation Project NHPP 0503-087 and <br /> commencing on All 1 , 2019. <br /> MuM <br /> 2. Sales Royalties. <br /> a. Subject to Paragraph 3.B. and 4, for all Materials sold from the <br /> Property during each calendar month, the Company shall pay to Lessor <br /> a"Sales Royalty" calculated as follows: <br /> b. <br /> i. per ton for all sand and gravel, aggregate, overburden or any <br /> o7t er material. <br /> 1 <br /> Lessor Initials ? <br /> Lessee Initials <br />