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j <br />:Ep''~. 1. ,REC?;CNT <br />T:ISS LEASE. AG,".Z7;,`?taT i s mare and entered ioLV <br />as of this 15th day of May, 1970, by and between w. R. <br />~~ <br />• GRhCE L CO., a Connecticut corporation ("Lessor"), and <br />CU:750LS.DATED FUELS, INS., a Colorado corporation ("Lessee"). <br />WLTNt:S SETii <br />1. Grant of Lease. Lessor, in consideration of <br />the rents. to: be. pail and. the gig regime„is to 'ba F~:'formed, <br />promptly and cor.tinuousl.y, bY. Lessee, as se.t forth beJ.ow, <br />does hereby lease, let .ard den+iye unto Lessee, aid Jressee <br />does. hereby rent .frgr:~ Lassos the real property in Ro1~Ct <br />County, Colorado specifically described on E:<hibit A attn cF.ed <br />h ercto and by this re,f erence made.a part hereof (the "Leased <br />Premises") on~the fallowing terms and con3i,tions .. <br />2. Term.. T.o have-, z•.nd to hold the l.e ased Premisay <br />for a to r.m ccmmencyng~A:ay li, 1978 and ending Y.ay 14, 1986, <br />both dates inclusive,, prow ideal that either party may .termin- <br />ate this Lease pr;cr t0 e~Ch date by~giving ttte other party <br />notice thereof, which notice. shall Ge effective~on the dale <br />- set forth therein, such date to. be no earlier thar..one year <br />~• from the date of• such notice o£ termination., ~Upgn !_ermin- <br />ation~uttd.er the~praFeding aentency, rent which 'has been paid <br />in advance shallt be prorated: fors the :unexp is ed ,term and shalt be <br />re turned to. Lessee... <br />7, Ren _t. .Lessee .ag rees.~tp ~~pay Lessor a..rental o.f <br />528,000 per annym, payable~annual'ly in advance to .Lessor at- <br />the address set qut. in _garagrap h. 11 or ar. such o.t her .addre sa <br />as. Lessor may 'by no.cicc de;iyna t~ to I.essa=, <br />. A~.. Perpose s. Lessee agrees ~to use th~~Leased <br />Premises for the Following purposes and fDr.no gchers, ;ercept <br />with Lessor's ;prior, wrlttem cer.snnt.: construction, epera~tlon~. <br />and maintenance-rof• a~..coal tipple.,, coal load-ouk, and cgal <br />sales oFEice artd facil{..ty ati h ~teJ.dted faciliti:ed as <br />or~convenient~~~ <br />a r!e necessarylfra tippling: s ale ef. .coal;, provided k{tet <br />Lessee shall.nY:ii~pple~4t sell in any ^ne lease.~yeer or•..gr <br />from the Leased :P remises moa9~than 250,DA0 Can s~.q£ oval. <br /> <br />