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• i <br />.~ <br />Page Two <br />3. OPTION TO RENEW. Lessee shall have the right an <br />option to renew t is Lease or 3 years with price to ba renegotiatled <br />at the time of renewal. rr <br />4. STOCK PILES. Lessee shall retain title to all s nd <br />and gravel mine an stock piled on the premises, and Lessee <br />shall have the privilege of stock piling sand and gravel dur ng <br />the term of this option or any extension thereof, whether in <br />writing or not, for a period of not to exceed nine (9) month <br />after Lessee's privilege of mining has terminated. Lessee s all <br />pay at the rate above set forth for stock piled sand and gra el <br />as the same are removed. A11 sand and gravel not removed wi hin <br />the nine-month period shall become the property of the Lesso <br />at tiie end of said nine-month period. <br />5. INDEt~tNIFICATION. Lessee accepts all responsibil ty <br />for any and a is i ities involved in the crushing and rem val <br />of gravel from Che premises. Lessee agrees to indemnify Les or <br />against liabilities on all claims for damages and injuries t <br />persons or property that are claimed to have resulted from t e <br />activities or omissions of Lessee or its agent or employees <br />during the term of this Lease or any extension or renewal th reof. <br />6. CONDITION OF PREMISES. Lessee accepts the premi es <br />i^ the condition [hey now are in and agrees at the terminati n <br />of this lease or any extension thereof to leave the premises <br />in a neat condition. <br />7. The Lessor hereby warrants that he has hood [itl~ <br />to Che above described premises; that he has the lawful nigh <br />to grant this Lease and that he agrees to hold Lessee harmle s <br />from any and all claims from others asserting any in[erest i~ <br />the subject land. <br />8. ADDITIONAL CONDITIONS. <br />THIS AGREE1tENT contains the complete agreement of tl <br />oar[ir_s and shall nor be modified b,: anv verbal sta[emenr or <br />othei~i:cc unless in writing signed by the Harries. <br />IN 4JITNE$$ 1dHEREOF, the par[ics have hereunto affi~~: <br />[heir signatures as of the date first above written. <br />CARi}~R,-It:C. a Colorado Corporation <br />i.1:SSEE I.:SSOR <br />ATTl:5T: Tlnt~ ~IA~~ICi -_- Y~ °`.~ c~ ~..~ ~,~~ <~G.~~ ~ <br />-•in <br />