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<br />R~.af, PtZC~f~6R"fY LEASE
<br />B;' this lease, entered into on March 15, 2002, Randall i,. Robins and Lou Ann Robins called
<br />lessor, demises and tets to Robins Construction Company, LLLP, called lessee, to occupy and
<br />to use t~~r a gravel pit operation and related extractive industry purposes, the t~llowtng real
<br />iecntetl in the County of Conejos, Slate of Colorado, described as fo}}cruse
<br />Lei ", ;aso being known as the NW 1/4 of the t~l;<.Ila of Secuau. 3,
<br />"!'en,unship 3?, North, Range 7 East of the Riew Mertico Principe!
<br />;titeridian, less a tract of }2nd, more particularly described as follows:
<br />Beginnir.~ of the Southeast corner of tine NW li4 of the NEU4 ol'said
<br />5ectian 3, thence West $9 yards I foot; thence North $9 yards' l foot;
<br />estate
<br />R~ej~ed
<br />~R~ ~ ~?
<br />aGec~,~Y
<br />*.hence Exsr h9 yards 1 toot; thence South $9 yards 1 toot to the place
<br />of Begi:urirrg as described in Book 163 at Page 36> of Gona~os County
<br />Records, and consisting of approximately ~ acres.
<br />?. T:rR}4. "ftte terttt of this tease shall be from March 15, 2002, to March 15, 20v7, and from feat
<br />ca ~. car therearier ttn!ess written notice to tertnittate is given by either party to the other, at
<br />least ~ months prier to the he,iarung of the succeeding lease year. The pro.asions of this 1e4se
<br />:'.tz}l be bindu!g on the heirs, personal representatives, and assigns of both lessor tmci It'ssee
<br />ire fike. manner as upon the original parties, unless modified 6y mutual agreeute4t,
<br />ftE:~'TnL <~-tU(J!~''C. Lessee agrees to pay lessor, as annual cash rent.for the above•descrrbcd
<br />1>ropctt~•, fearlq in~tsil{rnents of $t0,0uU each. The first instalhnent is to be pard on March t 5,
<br />?t;{i s, and [he other installments are to be paid on each yearly anniversary date thereatte.r,
<br />~. LESSEE ~I,fT3'ES t1NCJ Q13LJGATIONS. Lessee agrees to perform the duties and ob}igatior;a
<br />and to pa? the items nf'eYpense, ftsted below,
<br />A. Provide rill the ozachinery, equipment, and labor necessary to perform openitiuns-
<br />B. "1'o faithlitily use the property rn a safe and proper m,:rttrer.
<br />L. ac the termination and vacation of this lease to restore and rehabilitate the pr~pam; in
<br />y gcrvd a''condition as it is at the
<br />of the lease.
<br />D "fo prevent a!1 unnece3sary waste, or loss, ar damage to the propeRy of tess~r.
<br />E Not tv assign this lease or Sublet any part of the prernise5 without the written
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