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Gravel Property Lease
<br /> This Gravel Property Lease(this"Lease"),dated this 2DTLt'day of
<br /> ,2020,(hereinafter referred to as the"Lease"),by and between Etta
<br /> Clayton("Lessor"),whose address is 21390 CR JJ,McClave,CO 81057,and Fremont
<br /> Paving&Redi Mix,Inc.,a Colorado Corporation("Company"),whose address is 839
<br /> Mackenzie,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 herein,in,on and under the following
<br /> described real property situate in Bent County,Colorado with a legal description as
<br /> follows:
<br /> See attached Assessor Sheet
<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/or sublease aggregate,asphalt and concrete plants and with
<br /> associated easements as provided herein.
<br /> 1. Definitions.
<br /> a. Lease Year shall mean a period of one year beginning on the date the
<br /> Term of the Lease commences,as set forth in Subsection e,below,or
<br /> on any annual anniversary thereof. ~' .
<br /> b. Mateals 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 /> c. Net Sales Ton shall mean 2000 pounds of Materials from the Property
<br /> actually removed from said Property.
<br /> d. Plant shall mean a portable and/or fixed facility for processing,storing,
<br /> washing,sorting,handling loading and shipping of Materials,along
<br /> with ancillary facilities,and shall also mean a concrete or asphalt batch
<br /> plant.
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<br /> Lessor Initials
<br /> Lessee Initials,
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