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r ;i • • <br />MEMORANDUM OF AGREEMENT <br />OF EASEMENT <br />THIS EASEMENT AGREEMENT is entered into the 30th day <br />of July, 1975, by and between GLADYS T. t4UNROE, also known <br />as Mrs. E. F. Munroe of 425 Richards Lake Road, Fort Collins, <br />Colorado, County of Larimer, and COLORADO LIEN CORPORATION, <br />hereinafter referred to as "Colorado Lien"; <br />WITNESSETH: <br />WHEREAS, Gladys T. Munroe is the owner in fee simple of <br />certain parts of land in Larimer County, Colorado, in speci- <br />fically Section 31, Township 11 North, Range 69 West of the <br />6th Principal Meridian; and <br />WHEREAS, Colorado Lien has obtained the mineral rights <br />to lands or parcels within the afore-described section upon <br />which it intends to pursue an exploration adventure far the <br />purpose of developing a mineral called Gypsum. Colorado <br />Lien has acquired a mining lease for this purpose from the <br />Rocky Mountain Energy Company, whose address is Rocky Moun- <br />tain Energy Company, Lakeside National Bank Building, 4704 <br />Harlan Street, Denver, Colorado; and <br />WHEREAS, Gladys T. Munroe desires to grant an easement <br />to Colorado Lien by this mutual agreement. , <br />NOW, THEREFORE, in consideration of the mutual promises <br />and binding obligations herein contained, the parties agree <br />as follows: <br />BASIC EASEMENT AGREEMENT <br />7. Colorado Lien's Declaration and Agreement with <br />Rocky Mountain Energy Company which is a subsidiary of the <br />Union Pacific Company which is a subsidiary of the Union <br />Pacific Railroad Company is on a royalty basis of 10% of <br />the net. FOB quarry price. <br />