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-~ • • EXHIBIT G Mining Lease Lease made this 8th day of February 1988, between James P. Fassler of the County of Washington, State of Colorado, herein referred to as Lessor, and THE BOARD OF COUNTY COMMISSIONERS OF WASHINGTON COUNTY, COLORADO, a body politic organized under the laws of the State of Colorado, of the County of Washington, State of Colorado, herein referred to as Lessee. Lessor, in consideration of the agreements set forth herein to be kept and performed by Lessee, and of the payment of royalties by Lessee as provided herein, and subject to the terms, conditions, and provisions contained herein, leases to Lessee a tract of land situated in the Northeast Quarter of Section 15, Township 2 North, Range 53 West of the 6th P.M., for the purpose of mining, removing, and marketing therefrom all sand, gravel and rock located within the confines of the gravel pit which will be issued by the Board of Mined Land Reclamation of the State of Colorado, all of which are herein referred to as materials. This lease shall be in effect for a period of 3 yearsfrom February 8 1988 to February 8 ,1991 Lessee shall have the right and option to renew this lease fer successive periods of three }•earseach extending from the termination date of each succeeding year for a to:a_1 of 10 years. Lessee shall pay to Lessor, as royalty, $ ,~ O for each cubic yard of materials removed from the premises. Lessee shall forward to Lessor monthly reports showing the quantity of materials removed during the preceding month, according to truck loads, with dates of loading. Each report shall be accompanied with a check from the Lessor to the Lessee for payment of the preceding month's material. Lessee may clear brush and undergrowth from such portions of the leased premises as may be reasonably necessary to explore for materials or to locate pits, quarries, and stockpile areas. Lessee shall have the right to make use of all roadways presently existing on the leased premises, and shall have the further right to build such additional roads as may be necessary for the production and removal of materials hereunder. In digging pits for the purpose of producing and removing materials hereunder, Lessee agrees to make separate stockpiles of topsoil and of waste substances. Lessee agrees that on the completion of the removal of materials from the pits that have been dug on a leased premises, Lessee will place any unused waste substances and materials used for roadways back into the pits from which such substances and materials were removed, with topsoil placed on top, and Lessee will back-slope such pits, using such substances and materials as have been removed from such pits. The restoration of the surface shall be in accordance with the rules and regulations promulgated by the Mined Land Reclamation Board of the State of Colorado.