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PIT LEASE MID OPTION AGREEMENT <br /> 1 <br /> j'Yl - a o©a - I 1? PINO PIT <br /> THIS DOCUMENT SHALL SERVE AS AN AGREEMENT BETWEEN DG HUSKIN <br /> CONSTRUCTION CO. (HERE AFTER REFERRED AS THE LESSEE)AND <br /> EDWARD PINO (REFERRED AS THE OWNER). <br /> WHEREAS ON THIS DAY OF c � <br /> CONSTRUCTION CO. AND ED WARD PINO ENTERED AN AGREEMENT <br /> UNDER THE FOLLOWING TERMS AND CONDITIONS. <br /> DG HUSKIN CONSTRUCTION CO. SHALL PAY_ _ <br /> 'R TON(DRY WEIGHT) <br /> AS ROYALTY FOR MATERIAL AGGREGATES EXTRACTED FROM THE PINO <br /> PIT. IN ADDITION COMMENCING ON DECEMBER 27, 1999, DG HUSKIN <br /> CONSTRUCTION CO. SHALL PAY A SUM OF <br /> PERIOD OF 10 YEARS FOR THE EXCLUSIVE RIGIIT TO MINE 100 AOCRES <br /> (PLUS OR MINUS) AS DESCRIBED IN EXIIIBIT A. AFTER A PERIOD OF TEN <br /> YEARS DG HUSKIN CONST. CO. MAY AT ITS OPTION EXTEND THIS LEASE <br /> AGREEMENT FOR AN ADDITIONAL TERM OF 10 YEARS. <br /> IN RETURN DG HUSKIN CONSTRUCTION CO. SHALL OBTAIN ALL <br /> NECESSARY PERMITS, AND SHALL BE RESPONSIBLE FOR ALL <br /> RECLAMATION AS DICTATED BY THE LAWS OF THE STATE OF COLORADO. <br /> AND DG HUSKIN CONSTRUCTION CO. SHALL HAVE EGRESS AND ENGRESS <br /> TO THE ABOVE REFERENCED PROPERTY AT ALL TIME WITHOUT <br /> PREJUDICE. <br /> ALL MATERIALS PRODUCED SHALL RE <br /> CONSTRUCTION CO.FOR THE DURATION O�PROPERTY OF DG HUSKIN <br /> TEE PREPAID LEASE AMOUNT OF PER YEAR SHALL BE <br /> DEDUCTED FROM THE ROYALTY PA NTS AS MINING COMMENCES <br /> THRUOUT THE PERIOD OF THE LEASE. <br /> DG HUSKIN CONSTRUCTION CO. MAY TERMINATE <br /> ANY TIME WITH 30 DAYS WRITTEN NOTICE. <br /> THIS AGREEMENT AT <br /> WRI <br /> THE TERMS AND CONDITIONS OF THIS DOCUMENT ARE HEREBY <br /> MUTUALLY AGREED UPON BY: <br /> OWNER •.���_ <br /> D SKIN CO STRUCTION C <br /> ZLBEFORE ON��1999 BY THE ABOVE INDIVIDIUALS. <br /> NOTARY MY COMMISSION EXPIRES ON <br /> 7 <br /> 1 (0 Co u cc} P. (, S <br /> cols P'Q LLk r�, Co . <br /> [9.14][REAL ESTATE 1 b-PINO PIT-Lease Right Transfer.pdf][Page 3 of 51 <br />