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<br /> <br />Amendment to SAND AND GRAVEL LEASE <br />Lease signed September 12,1995 <br />Date: March 7, 2000 <br />Lease Parties: <br />Owner: Gately Living Trust <br />Lessee: Melvin R Gydesen and Robert Gydesen DBA: American Concrete and Gravel <br />Amendment: <br />1. Con•edion to Lease: The correction to the lease applies to "item 5 Renal Payments". Item 5.1 is <br />corrected to read as follows: "$ 0.50 per ton of all sand, gravel, rock, fill material, crushed <br />material, washed material, pit run material, top soil material removed from leased premises". <br />2. Amend, "item 4 Use of Premises": Item 4 shall read as follows. The Leased Premises shall be <br />used for a sand and gravel operation, the excavation of materials, sand and gravel screening and <br />crushing operations, concrete opera[ions, asphalt operations and such other uses and structures as <br />are reasonably necessary to conduct a sand, gravel, fill material operation and the production of <br />concrete and/or asphalt. Top soil, enough top soil is to be stockpiled at the gravel pit site to satisfy <br />pit site reclamation purposes. Any excess top soil can be sold provided the Lessee obtains the <br />Owners permission prior to such a sale. <br />Amend, "item 7 Sand and Gravel Operations". Amend item 7 as follows, The East, North and <br />West gravel pit sites are to be developed as follows. The East site is to be developed first. The <br />West site is to be developed upon closing of the East site. The West site is to be permitted at <br />Federal, State and County levels of government as a "major impact" site. This site will contain <br />more then 10.0 acres of property. Specific acres of this site is shown on the attached dtawmg. <br />The North site is to be developed following the closure of the West site. <br />4. Amend "item 21 Notices" Owner address is as follows. <br />43980 East Hwy 50 #b <br />Guonisas~, Colorado g 1230 <br />5. Acknowledgement: The Gately Living Trust was modified to become Gately Living Trust UDT <br />November 25, 1997. The effect of this modification is to make Dana R Gately the sole Trustor, <br />and to include Dana R Gately and Christine Henkel (daughter to Dana R Gately) as Trustees. <br />DRG:dg <br />Both the Owner and Lessee agree to this amendment, and it shall become a part of the September 12, 1995 <br />