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4507516 07/22/2019 03:24 PM <br /> Total Pages: 4 Rec Fee: $28.00 N-3 <br /> Carly Koppes - Clerk and Recorder, Weld County, CO <br /> After recording, return to: <br /> Colorado Sand Company, LLC <br /> c/o Chalegne O'Brien <br /> 221 Bolivar St., suite 400 <br /> Jefferson City, MO 65101 <br /> MEMORANDUM OF LEASE <br /> This memorandum of lease dated July 22 , 2019 (the "Memo'), by and between Guttersen <br /> Exchange, LLC (the "Landlord"), and Colorado Sand Company, LLC (the "Tenant"). <br /> 1. Lease Agreement. Landlord and Tenant are parties to a lease agreement dated May 14, <br /> 2019 (the "Lease"), in which Landlord leased to Tenant the land legally described on Exhibit A <br /> to this Memo (the "Lease Premises") located in Weld County, Colorado. <br /> 2. Primary Lease Term. The primary term of the Lease is twenty-one (21) years beginning <br /> on the May 14, 2019. <br /> 3. Renewal Terms. The Lease provides Tenant the right to extend the term of the Lease by <br /> mutual agreement for periods of one (1) year each. <br /> 4. Further Information. Persons requiring additional information concerning the Lease may <br /> contact Landlord or Tenant at the following addresses: <br /> Landlord: Guttersen Exchange, LLC <br /> 3050 67t'West Avenue, Suite 100 <br /> Greeley, CO 80634 <br /> Tenant: Colorado Sand Company, LLC <br /> 2001 Kirby Drive, Suite 360 <br /> Houston, TX 77019 <br /> 5. Termination, Release, and Conflicts. This Memo shall automatically terminate without any <br /> further action upon the expiration or earlier termination of the Lease. Tenant acknowledges that <br /> Landlord shall have the right and authority to execute and record a release of this Memo upon <br /> the expiration or termination of the Lease. In the event of any conflict between the terms and <br /> conditions of this Memo and the terms and conditions of the Lease, the terms and conditions of <br /> the Lease shall supersede and control. <br /> [The remainder of this page is intentionally blank.] <br /> [Signatures and acknowledgements follow on the next page(s).] <br /> Keenesburg No. 2 Mine_112 Reclamation Operation—November 22, 2019 <br />