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<br />JEt't,on 1
<br />Rev. Li frJ
<br />da:J ~ LEASE NO.
<br />THIS LEASE, Made and entered Into this lOtl• day of October, 19 $],
<br />Eetween CHE DENVER AND RIO GRANDE WESTERN •'A!1.ROAU COMPnt+Y, a Delaware corporation, herelmfter
<br />caued'•Lesaor,"and GARFIF,LD COAL SAIRS, It•~., s Coloredc co rpornt icr., P. ^. P.ox 151,
<br />Silt, Colorado 81652
<br />herelnetter celled "Lessee," WITNESSk: f'H, 1het:
<br />Section 1. Lessor, In coneideratlon of the rents to be paid a[d the egreemente to be performed by lessee,
<br />hereby leases to Leeaee prerruaee situate in the (:ounty of Carf field
<br />and State of Ce lorado to-wit:
<br />(s). Daacriprioa-
<br />44,000 square feet, more or leas.
<br />A tract o£ land of the Lessor lying 8.5 feet
<br />northezly of the centerline of 1. C. C. 'Crack
<br />No. 3 at Mile Post 379 p?.ue 3090 feet and
<br />extending westerly 950 feet, at SSlt, Garfield
<br />County, Colorado, ae shown in red on the
<br />attached map, Dwg, No. 5-974, containing
<br />lb). Tartu-1'o have and to hold said above deacrlbtd property from October 15, 19$3
<br />until such time es this agreement shay. bP terminated u here) nn!ter provided.
<br />Section 2. Rentol-Lessee agrees to pay to Lessor a rental of O:iE :'(!OUSAND ONE HONORED FOtIR AND NO/ 1 00
<br />DOLLA RS ($ 1,104,00 )Per annum ,oayable annually
<br />In advance.
<br />Section 3. Purpose-Lessee agrees to use sold premises for the following t ~rpoee and [or no other, to-wit:
<br />For storage of coat. to ht. ].oa?ed ,'.r[to rail cars
<br />Section 4. Improvements-Lessee shell maintain ell Improvements whntscever wh!ch on the date hereof exist
<br />upon the lensed premises and it in agreed that Lessee may construct Improvements upon the leased premiseecon-
<br />s~stent with the purposes of this lease, provided always, however, that the style end tvpr of conatructlon shall be
<br />vuhject to aoproval by lessor. All Improvements on the 1Pased premises Includ[ng [hose whluh on the daft hereof
<br />~:x[nt upon sold premises and those hereafter constructed on Bald premises ehal'., durir[g the continuance of this
<br />lease, hP n[uin[alned end pelrtcYl by the Lessi-e to the setiafactirn of the Lessor, and n[ etl ti mee be kept by '1te
<br />:xssee [n a state of good repair. All [mnrovements heretofor or he reatter cons!rurtix ulwn the loaaed premlaee
<br />ehrll be deemetl to be attached to the land and to be the property a[ the Lessor, subject to the condition herein-
<br />after stated; V:•n'•tded, however, that :_ at the terminatlon hereof Lesace eha.~ rave fully peftl the rent herein
<br />reaPrvr~' and shall :n all other respP_ct have `n lGhful'.y kept, observed and perf6: mM the egreementa hereof, then
<br />auc`i In:p rut a•vnts on said lensed premises n ^y have been ourchased by L: vase or erected or placed upon the
<br />leased premises by the Lessee shall aeon such t[•rru naUOn KrcnmP th~ ~ropert, ,f'he Lenaez nrd geld Lessee may,
<br />or a[ the request of Lessor, shall, within thirty (30) days a:': r ~ a.., o~ of 'h1e lease, ~ ^move at l,eesee'e Bole
<br />expense such Improvements on said leaved premises nr may have wren purchased by Lessee or erected or nlneed
<br />upon said oremlaes by sold Lessee and restore ea:d Dr• ~ •lees 'o subetantlsl~• tf•elrtormer state In aucordance with
<br />the prov[s~.cns of Section 21 hereol, Dut if Leeaee shall be in default upon ' 4rminetlon of ibis lease, tSen such
<br />improvements on Bald leased premlaee r;e may hate Teen o, ~ctased by 1 ~~. or Precled or placed ~- ~n geld
<br />premises by Lessee, shell remain the exclusive proVerty nt ~^ •xssor -m ,.?d t ry[er, however, Chat It at the
<br />termination hereof Lessee is m default ,n any of fire ttgreementa •: rnt~'ned and Lessor ehnli nevertheless
<br />desire Lessee to remove each improve~a n's on the leased prenlae~ ae mat bavE born surchesed by Leeaee or
<br />erect-d .,• places: on said promisee bx ,asses, n[d shall so no't :v !,eases. t1,rr all ouch unprovemente obeli upon
<br />such termination become the proper[} +' ;rasa! aI[d Le6aPP shat. remece th~ ,. me from fie leased premlaee and
<br />res[orP said premlaee to eubetantlal'y heir former state in accordance w1[h _nP prov[aiom. ' :iecllon 21 hereol.
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