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FIRST AMENDMENT TO GRAVEL MINING LEASE AGREEMENT <br /> This FIRST AMENDMENT TO EXTEND GRAVEL MINING LEASE AGREEMENT(the <br /> "Amendment"), effective as of the 5TH day of October, 2021 (the "Effective Date"), is between <br /> Konig Ag Co., a Colorado corporation, whose principal address is 37231 Highway 14, Briggsdale, <br /> Colorado 80611 (the "Lessor"), and Superior Oilfield Services Company, Ltd., a Colorado limited <br /> liability company also doing business under the name Laser Oilfield Services, whose principal <br /> address is 2986 West 29th Street, #12-13, Greeley, Colorado 80631 (the "Lessee"). Lessor and <br /> Lessee may be referred to individually as a"Party"and collectively as the"Parties." <br /> RECITALS <br /> A. Capitalized terms not otherwise defined herein shall have the meaning provided for such term <br /> in that certain Gravel Mining Lease Agreement (the "Lease"), dated effective as of the 5th <br /> day of October, 2011, which provides for Lessee's right to conduct sand and gravel mining <br /> operations on the Property. <br /> B. The Primary Term of the Lease expires on October 5, 2021, but the Parties desire to extend <br /> the Primary Term and to modify certain other terms of the Lease as set forth in this <br /> Amendment. <br /> NOW THEREFORE,the Parties hereby agree to amend the Lease as follows effective as of <br /> the Effective Date: <br /> AGREEMENT <br /> 1. No Known Existing Default. Lessor acknowledges and agrees that Lessee is not in default <br /> under the Lease as of the Effective Date of this Amendment. <br /> 2. Primary Term. The first sentence of Section 3.1 of the Lease is hereby amended to state: <br /> a. The Lease is granted for a term commencing on the Effective Date and extending to <br /> 11:59 P.M. on October 5,2026(the"Primary Term"). <br /> 3. Production Royalty. Effective for Materials sold or removed from the Property on or after <br /> October 1, 2021, the Production Royalty due under Section 4.1 of the Lease is hereby changed to <br /> Illiper Product Ton. <br /> 4. Notice. Any notices required or authorized to be given by this Amendment or the Lease shall <br /> be in written form, addressed to the proper Party at the following address or such address as the Party <br /> shall have designated to the other Party in accordance with this Section. <br /> If to Lessor: Konig Ag Co. <br /> Attn. Joel Konig <br /> 37231 Highway 14 <br /> Briggsdale,Colorado 80611 <br /> (970) 590-5061 <br /> CPP{00761250 31 Amendment to Extend Gravel Mining Lease Agreement <br /> Page 1 of 3 <br />