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State of Colorado
<br /> Department of Natural Resources
<br /> STATE BOARD OF LAND COMMISSIONERS
<br /> 1127 Sherman Street,#300
<br /> Denver,Colorado 80203
<br /> MINING LEASE NO.GL 3466
<br /> This Mining Lease(the"Lease"), is made in duplicate and entered into this 1 st day of August,2013,by and between
<br /> the State of Colorado, acting through its STATE BOARD OF LAND COMMISSIONERS, hereinafter referred to as,
<br /> "Lessor", and VESCO Consulting Services LLC P.O. Box 336626 Greeley, CO, 80633, hereinafter referred to as
<br /> "Lessee::
<br /> WITNESSETH: Lessor, for and in consideration of the sum of five hundred eighty and no/100 Dollars( 580.00 ,
<br /> receipt of which is hereby acknowledged as payment of the filing fee in the amount of$100.00,first year's rent in the amount
<br /> of$480.00, and a bonus in the amount of$-0-, and in further consideration of Lessee's agreement to pay Three and no/100
<br /> Dollars($3.00)per acre or fraction thereof annually as rental in advance of the anniversary date of this lease so long as said
<br /> lease shall remain in effect; and in further consideration of the terms,conditions and agreements herein and of the payment
<br /> of royalties reserved herein, to be kept and performed by Lessee, its successors and assigns, does hereby lease to Lessee the
<br /> right and privilege of exploring and prospecting for, developing, and mining of and taking of sand and gravel minerals
<br /> from the lands herein described,situated in the County of Weld, State of Colorado,to wit:
<br /> ACRES SUBDIVISION SEC-TWP-RGE PATENTS
<br /> 160.00 NE ' 16-7N-59W None
<br /> FUND: School
<br /> containing 160.00 acres, more or less,(the"Leased Premises")together with the right to use as much of the surface
<br /> as may be reasonably required, including the right to reasonable ingress and egress; the right to make excavations,
<br /> stockpiles, and other improvements as may be reasonably necessary in the mining and removal of said minerals;
<br /> subject, however, to all existing easements and rights-of-way of third parties, as detailed on Exhibit A to this
<br /> agreement, and the rights of-surface lessees and surface owners, and further subject to the terms, conditions and
<br /> agreements set out in this Lease. The above-mentioned rights may be exercised in connection with mining on other
<br /> or adjacent lands only when mining on such lands is carried on in conjunction with the actual mining on the Leased
<br /> Premises. The benefits,terms, and obligations of this Lease shall extend to and be binding upon the heirs,executors,
<br /> administrators,successors,or assigns of the respective parties hereto.
<br /> RESERVING,however,to Lessor:
<br /> A. All rights and privileges of every kind and nature,except as are herein specifically granted.
<br /> B. The right to use or lease said premises or any part thereof at any time for any purpose, including the right to
<br /> explore and prospect said premises,which use and leasing of said premises shall be for purposes other than
<br /> and not inconsistent with the rights and privileges herein specifically granted.
<br /> C. The right to dispose of or lease the surface where Lessor is the surface owner.
<br /> D. The right at all times during the life of this lease to go upon said premises and every part thereof for the
<br /> purpose of inspecting said premises,and the books of accounts and records of mineral workings therein,and
<br /> of ascertaining whether or not said Lessee and those holding thereunder by and from it, are carrying out the
<br /> terms,covenants and agreements in this lease contained.
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