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srATE of cw_oxADo <br />Rac. D~/96 STATE BOAriD OF LANU C'OLZMLSSIONERS <br />Depxttmcnt of Natural ltesnt¢ccs <br />Ucnver. Colorado <br />GENEIL4L QUARRY LEASE NU. CI1L 3Q54 <br />THIS QL1ARRy LEASE, Made w duphcak~ and etnm~cd inw this'_3rd day of_9~ 2000 and between the Smte of <br />Co]orado, acting through its STATE EOARD OF LANL7 COrb1IvIISSTONERS, krercinaftcr referred to as Lesvgr, and Srnnr. <br />Wholesale Cnrnorn[iun 4719 Wesf Lalt ~ D 've F rf C Ilins CO gUi26 hereittnfterteferred tU as Lessee: <br />WITNESSETH: Lessor, for and in consideration of the s'tmr of flee hundred and nnllUO Dollars 5500,00 ,receipt <br />of wtuuh is hereby ac3arowledgcd ac payment of drr first year's rrnt in fhe amount of S3g0.00, and a bonus in the amount of <br />5-0-. and nn application fee of iwenri~ and nu/ 00 Do11;us 20A0 and in further consideration of Lessee`s agt~pnent to <br />pay three and no/00 Uolhv(s) 9.00) per sera annually as rental in advance of the.armivzrsary date of lltis lease so long as <br />said lease shall remain in eff2et and in fitrther considtradnu of the terms, conditions and agreements herein and uT the <br />payments of annual rentals and royalties reserved hrrein, to be kept end performed hV LeSSee, its successors and assiprs, <br />dory hereby lease to Lessee the tight and privilege of explntiug end prospecting for, developing, and minbtg of and taking of <br />snarrv ode. boulders moss rack- rio-rao and landscaper ck from the lands herein dcscri6ed, situated ht the County <br />of Latimer, Stine of Colorado, to air: <br />ACRES SLlBDIV157ON SEC TWP.RGE PATENTS <br />16090 ~ SFl4 3fi-9N-70Rt None <br />FUND: School <br />ronraining ] 0.00 scree, more or lrss, toeedter with the right io use as much of the surface as taay be reasonably required, <br />including the right to reasonable in~eas and egress; the right Co rttake exaavatimts, stockpiles, and other improvements a <br />may be reasonably necessary in the mining and removal of said ntinttals; subject, however, to all existinc easements- and <br />rights-of--way of iltltd parties, and the righu of surface lessees and smfuc owners, anc! further subject xn the terror, <br />ronditinris and agrrrntents set out in this lease. The above-mcvtiunzd rights may he r-'ter~ised in connecdon wilh mining on <br />other or adjacent ]ands only when mining on such lands is carried on in conjmtction v,~th Ate actual mining on the Leased <br />Premises. Toe benefits; terms, and obligations nt thts lease sbnll extend to and be binding upon the heirs, executors, <br />adtninistramrs, successors, or assigns of the respecdvc parties hereto. <br />kESF12VEVG, however, to Lessor: <br />A. All rights andprivileges of tvery kind and nature, except as era herett specifically granted. <br />B. The right to use ar lease said premises or any part thereof at any time for auy purpose, including the rigp to <br />explore and prospect said premises, which use cad leasing of said praruses shall 6c for proposes other Than <br />and not inctmcistent with the rights and privileges herein specifically granted. <br />C. The right to dispose of, or lease the surface where Lessor is the surface owner, and in lhe~case of the sale for <br />the impounding of water, such sale would ptevrnt Ate touring of the subject materials. <br />b. The right at all times during the Life of this lease to gu upon said premises and every part dtereaf for the <br />purpose of insperaing said premises, arul the books of accounts and records of minas] worLtings dterain, and <br />of ascertaining whether or not said Lessee and those holding tlrareunder by and from it, are carrying out the <br />terms, covenants and xgreemetis in this lease contained. - <br />E. The right at any time to grant a tightrof--way upon, Dear or across all or any part of said premises for any <br />di[clt,~resen'oir, railroad, cutnmimication s')'&tem, electric powcrlinc, or pipeliz.e, schoolhouse err other <br />lawful purpose; and such grants may notbe subject to the riglns of Lessee. <br />P. The tight at any time to place the Leased ~Yremises into Are Srewardsttip Trust as set forth in Section <br />10(I j(b}(fl of Article LX~, of the State Constinttion. Said placement into Ate Stewazdship Trust shall he for <br />reasons not inconsistent with the rights and privileges of Lessee. <br />TU HAVE AND'f0 HOLD The above-ttescribed prrnilses, the Leased premises, unto T.essee, its heirs,snecessors, <br />assigns, or legal representatives for the term of Len_ years tmless mining activiries are cunai]ed due to rzservoir constrtietion, <br />and until Twelve O'clock neon on the 23rd day of ril 2024 Ate pritttaty term and, except as hereinafter stared, for an <br />additional ten ,years, the secondary term, if rtdnerals tae being produced in paying gvan[ides from said premises, and the <br />mya]ries and rentals provided £nr herein are being paid, or by any extension hereof, sultjcct to the following terror, <br />conditions and agreements, to-u'it: <br />bt/LU 39tld 3-Itl53lCMfa 3IJL15 LL06TZZGG6 45:ZT 5DGL/6i/TU <br />