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GRAVEL LEASE RENEWAL <br /> This Gravel Lease Renewal dated this.?±of w 1`j---- 2022(hereafter referred <br /> to as the"Lease Renewal"),by and between cooper Moore(Lessor),whose address Is PO Box <br /> 1W4,Raton,NM and AN Rite Paving&Redi Mix,Inc.,a Colorado Corporation(the"Company"), <br /> whose address is PO Box 165,Canon City,CO 21215. <br /> Renewal Agreement <br /> The term of this lease renewal shalt commence on the 5/17/2024 and shalt expire 10 <br /> years from that date. The royalty rate will increase to4ftWfor July 2022,and a royalty tate <br /> review will occur by 5/17/2027. All other terms and ca»ditions contained In the original lease <br /> shall apply during the 10 year extension. <br /> The extension will Include the additional acreage as depleted and described In the attached <br /> map. The water tank and water lines will be included In the amenr)ment to the Division of <br /> Reclamation,Mang and Safety permit. However,mining will not take place within 20 fit of <br /> the water tank. The water lines will remain in place on the south side of the tank and mining <br /> will not take place within 20 feet of those Ones. The water Ine that proceeds to the northeast <br /> of the tank will be moved when mining has been completed up to It on the west side. The <br /> replacement of such line will take place with the Lessor's guidance and water service will be <br /> down no longer th+m 1 day during the replacement of the Rn%so that mining may progress <br /> easterly pan the One. <br /> IN WITNESS WHEREOF,this Gravel lease Renewal has been duly executed as of the date first <br /> written above. <br /> Mooney Hills Pit <br /> / '00� <br /> By. <br /> Cooper Moore,Owner <br /> ALL RITE PAVING AND RM MK INC. <br /> BY: <br /> � t <br /> John P.Ary,President <br /> RECEIVED AUG 012�2� <br />