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• ~1 _ • <br />• • <br />and such declaration and agreement is incorporated herein I <br />reference to be a part and parcel of this agreement as sai~ <br />Rocky Mountain Energy Company is the original holder of al' <br />mineral assets pertaining to said Section 31. <br />A Contract and Royalty Payment Agreement will be enter <br />into between Gladys T. Munroe and Rocky Mountain Energy <br />Company. This Contract and Royalty Payment Agreement will <br />provide that Gladys T. Munroe is to receive not less than <br />ten percent (10%) of the royalty to be paid by Colorado LiE <br />to Rocky Mountain Energy Company. This Contract and Royals <br />Payment Agreement will provide that Gladys T. Munroe is to <br />receive her percentage royalty of the Colorado Lien Corpora <br />tion payment not later than five days fnlloWing payment by <br />Colorado Lien Corporation to Rocky Mountain Energy Company, <br />In the event that Gladys T. Munroe does not receive said <br />payment within said fivrs days she sha)1 give written notice <br />of the non receipt to Calorad~ Litrrr, Cb'lUr'nrlr~ 11ar~ 4h;rli <br />then be responsible for the amount due to Gladys 7, Murrr•tro <br />from the Rocky Mountain Energy Ctrrnpany anA 6hall have ten <br />days from the receipt of notice from Gladys T. Munroe to pad <br />the same. <br />2. Gladys T. Munroe hereby grants and convtrys Unt;O <br />Colorado Lien a right of way and easement over and across <br />the property owned by Gladys T. Munroe and described as <br />1 follows: The existing road on the Northeast Quarter of said <br />Section 31, which road leads from County Road No. 21 in a <br />general southerly direction and is along an existing ranch <br />~ road for approximately three tenths of a mile. Then in a <br />i <br />westerly Sir@dt;lOn t;0 and dEr933 an existing creek and <br />j <br />- 2 - <br />