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I.oase
<br />Mineral S:otata of Sazzd, RdQ1e and Ci~~-el
<br />THIS LSAB&, includlug specilicai~y fnr tAe purposes o! quarrying,
<br />mining, r.Amovinq, csushinq, processing, aepbalt production,
<br />concrete batch plttz:t, and marketing ut all sand, gravel, rook,
<br />dirt, soil, and fill material, egress, ingress, mairteaance,
<br />xepair, utilities, and all uther uses af. the premises as nox~a-ally
<br />aasocisted with a rravei pit or rock quarry is entered into this
<br />day of , 2003, b®tween Linda Kay French and
<br />Sherry Lynn Wiil~ams, LsTdlord, and Kattenburg L-xcavating, Inc.,
<br />a Colorado corporation, Pp Box ~~ p Granby Calorada, 80446,
<br />'1'YnitRt.
<br />RECITALS
<br />WHEREAS, the property which is the ouDject Of t1~is lease is
<br />owned by Landlords, mach having an u:adivided 1/2 intoreFt 1n the
<br />property.
<br />w • ~~, Tenant, is in the busiregs of excavation, mining
<br />and quarrying of gravel, sand and rock roz the purposes of
<br />a:arketing said mined mat~riai.
<br />mzTN-sssEZx
<br />Tn mutual exchange of conaideratiatx the loartiea agree to the
<br />following terms and conditions of this Lease Agreement. The
<br />Landlord, does hereby let and lease to said T:snant, the following
<br />desr..ribed property, to wit:
<br />Ast described in Exhibit A, attached and made a part of this tense
<br />Agreement by reference.
<br />1'he above described property to be herein refereed tO as the
<br />premises.
<br />Tt:e initial term of lease shall begin on the lst day Af
<br />January, 2004 and ccntinue !ar ten (1U1 years. Tarant shall have
<br />the option to extend the term cf t:~ia .ease Agreement far two (2;
<br />additiona-1 fife (5l year terms upon writtRn notice sent to
<br />Landlord at least thirty (30) days prior to the tezm then in
<br />eltect. Any extensions so make shall be upon the same tera-,s and
<br />conditions da contained herein.
<br />1. Landlord covenants that on perfozu~ing the covenants containeH
<br />in this lease agrewnent, Tenant ohail peacefully and quiet}.y
<br />have, hold, and enjoy the demised Premises, for the use of the
<br />premir,pg far quarrying, mining, removing, crusting, processing aY
<br />mined materials, asphalt production, conaratQ batch plant,
<br />uRCUwb.r 09, ROA9
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