2002-12-03_PERMIT FILE - M2002118

• Permit No: M2002118
• IBM Index Class Name: Permit File
• Doc Date: 12/3/2002
• Doc Name: Permit Application
• From: DG Huskin Construction Company
• To: DMG
• Media Type: D
• Archive: No

MINERAL LEASE ADN OPTION ACREENIENT
VELARDE PROPERTIES
•

'CRIB DOCUMENT SHALL SERVE AS At~T AGREEMENT BETWEEN DG HUSKIN
CONSTRUCTION CO. (HERE AFTER REFERRED AS THE LESSEE) AND FRANK
VELARDE (REFERRED AS THE OUVNER). FOR THE MINERAL LEASE AT 124
COUNTY RD 613, WAI,SF,NBURG. CO. RIOR9
WHEREAS ON THIS _ / S t DAY OF _,2001. DC. HUSKIN
CONSTRUCTION CO. AATD FRANK VELARDE ENTERED INTO AN
AGREEMENT tJNDER'CHE FOLLOWING TERMS AND CONDITIONS.
DG HUSKIN CONSTRUCTION CO. SHALL PAY ~ PER TON (DRY WEIGHT)
AS ROYALTY POR MINERAI. AGGREGATES EXTRACTED FROM THE
VELARDI PROPERTIES. CON.MENCING ON JANU:}.RY 5, 2001, DG HUSKCN
CONSTRUCTION CO. SHALL PKEPAY A SUM OF ~ PF,R YEAR FOR A
PERIOD OF 10 YEARS FOR THE EXCLUSIVE RIGHT TO MINE [,~~ACRES
(PLUS OR MINUS) AS DESCRIBED IN EXHIBIT A. AFTER A PERIOD OF TEN
YEARS DG HUSKIN CONST, CO. MAY AT ITS OPTION AND UNDER THE SAME
CONDITIONS, EXTEND TILE LEASE AGREEMENT FOR AN ADDITIONAL TERM
OF 10 YEARS.
IN RETURN DG IIUSKIN CONSTRUCTION CO. SHALL OBTAIN ALL
NECESSARY PERMITS, AND SHALL BE RESPONSIBLE FOR ALL
RECLAMATION AS DICTATED BY'CHE LAWS OF THE STATE OF COLORADO.
DG HUSKIN CONSTRUCTION CO. SHALL HAVE EGRESS AND ENGRESS TO
THE ABOVE REFERENCED PROPERTY AT ALL TIME WITHOUT PREJUDICE.
ALL MATERIALS PRODUCED SHALL REMAIN THE PROPERTY OF DG HUSKIN
CONSTRUCTION CO. FOR'CIIi; DURATION OF THE LEASE.
THE PREPAID LEASE AMOUN'C OF .PER YEAR SHALL BE
DEDUCTED FROM TILE ROYALTY PAYMENTS AS MINRVG COMMENCES
TI-IRUOUT THE PERIOD OF TIME LEASE.
DG HUSKIN CONS'CRIICTION CO. MAY TERMINATE THIS AGREEMENT AT
ANY TIME WITH 30 DAYS WRITTEN NOTICE.
THE TERMS AND CONDITIONS OF
MU'CUALLY AGREED UPON BY:
OWNER.
DOCUMENT ARE HEREBY
USKIN
SIG~N~ BE~FIO~GR'E "ON ~P~j ~ 20 t BY THE ABOVE
~LC~IdKi~.r;~(. lr~ NO"I'ARY MY COMMISS]ON EXPII~
CO.
..:..•- ~
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