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uai ioi ao ncu .+: cu me oua i~. yiiy ninon ~ ucnvcx icon mix ~uuz <br />".~-Z /- I `J' }~S a = a6AM Fl2C)M P. 2 <br />~- ~i998 ~2~50PM ~ ~ PETER HgRRIS RLDY PC 970 a79 ~ v.2 <br />LEASE AND MINERAL PURCHASE AGREEMENT <br />THIS LEASE AND MINERAL PURGE AGREEMENT ("LEASE <br />AGREEMENT"), made aad entered into this ~rday of March 1998, by and <br />Between Gallegos Masonry, Inc„ a Colorado rnrporatioa (hereinafter referred to as <br />"~~3ALLEGOS" or 'Operator") and Robert L. Conger, of the County of Cnvnn;acvn aad <br />State of Colorado (hereinafter referred to as "Owner"). <br />Owner owns certain real property (hereinafter the "Property^) located is <br />Gunnison County, Colorado: <br />SEE APPENDIX A ATTACHED <br />and which Property contains reserves of minerals, inducting talus rock <br />materials similar to granite and other related building and construction <br />materials (hereinafter referred to as the "MiaezaLg"), which Miaerala shall <br />not include top soil, oil, gas and other hydrocarbons. <br />Owner desires to sell aad GALLEGOS desires to purchase certain Minerals <br />including all removable Minerals located on the Property under the torms <br />and ooaditions net forth in this Agreement. <br />NOW, THEREFORE, TT IS MUTi3ALLY UNDERSTOOD AND AGREED by <br />u..ad betweon the parties as follows: <br />Definitions. <br />1.1 GALLEGOS' business operations on the Property (the "Operations") <br />shall mean the excavation, mining, quarrying, stockpiling of Minerals, <br />equipment storage, and all construction of all necessary buildings and <br />atructuzea appurtenant to such operations and business activities <br />related to such activities. Should Gallegos wish to construct anp <br />buildings oz'stzucnuos, it shall first obtain permission from Owner, <br />which aball not be.nareaaonably withheld. <br />1.2 The initial Lease Year means the tarelve month poriod bed=*+g when <br />GALLEGOS begins mining Minerals on the property or one hundred <br />twenty (120) days after GALLEGDS obtains ell necessary approvals <br />mom federal, state and !Deal authorities, which ever shall occur 5rst. <br />1.3 "Mining Plan aad permits" shall mean all federal, state and local <br />plans, authorisations, permits and licenses necessary for GALLEGOS <br />::~74aos•Goajer [ruse aad OTiaoae PureJwcr etgreemmr, Pagr ~, a/r~/s8 <br />Received <br />MAR 2 7 ~ <br />Division ot~ e ~ Olt <br />~DY <br />