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C. -- • <br />- ' ~x~n11'o~i-i ~7 <br />COrJ1'RACTUR'S A(;12L"E;•ti'.~1^ <br />•~ <br />'PHIS Ac;REEh1Er:T, made and e•ntr_r.x3 into this 'J~ <br />day of ~~~, 19~~, by and he»t:~ecn JOY S'i'ER-- <br />hereinafter refecrCd to as OhlNER, and ~I'ry~ ,S9)jy,?i <br />hereinafter referred to as CONTRACTOR, wnether one or more, <br />WITNGSSCTH, THAT: <br />FOR and in consideration of the compensation, <br />covenants, and agreements hereinafter .set forth, to he paid, <br />kept, and performed by the parties, it is agreed as follows: <br />1. Property and 'Perm: The contractor shall quarry <br />rock from the following described land in the County of <br />Larimer, State of Colorado, to ~Jlt: <br />"TI-1~ SW'/~ pF T(}f NW~~y or SY'_CTio,J 31, / <br />T ~1 ~1 ~ R 'lo v.1 ~ ~ ?a~P b P. M. LAQ~M@Q <br />for tl~e period beginninyex~31, 19$~~, to ~~_~--°-, <br />19~. There shall be no implied renewal of this Agreement. <br />No work done in the quarry for production after C- 3~ <br />19~~ shall be considered as such renewal. The term hereof <br />can be er.tendee9 or renewed by endorsement in writing herein, <br />signed by both parties. <br />2. Royalties: CONTRACTOR shall pay U'rlNER as <br />consideration for the right_ to quarry the described property <br />a royalty on all rock removed from the r,remises during the <br />period of this Agreement, in tl~e sum of ten percent (108) of <br />the gross receipts COJdTRACTOR receives for the rock. Payment <br />of such royalty slfall be made no later titan the 30th day of <br />the month, in which <luarryincl has occuf.r~~l, to OI~NBR at the <br />[3uster hUP.I,? or to such other [,?rson nr I,L,~~e th~~ O1.11JI:N shall <br />designate in welting to CUNTkACTUit. <br />CON:'k.ACTOR shall submit wci~)I~ slips to the OWN['K <br />showing tlfe amoun[ of rock removed riu<<ng the month for <br />which payment is received. <br />However, regardless of the amount of rock removed <br />from the quarry, CUN'PRACTOR shill pay to OWNIER a minimum <br />royalty of 5500.0(1 Eor each year of this lease. <br />•~ ~ L <br />.~ <br />