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<br />ROBERT REED REICHERT AND PEGGY ANN REICHERT
<br />RECEIVED
<br />MAR 3 0 2000
<br />OPTION TO LEASE GRAVEL PROPERTY
<br />Division of Minerah B GeoloSY
<br />~ THIS OPTION TO LEASE GRAVEL PROPERTY (herein called "this Option") dated this
<br />~dayof ~(.~m~jr /9`IR
<br />1. In consideration of the sum of ($_), the
<br />undersigned ROBERT REED REICHERT, SR. and PEGGY ANN REICIiERT whose legal address
<br />is 6315 Chipper Lane, Loveland, CO 80537 (herein called "Grantors"), for themselves, their heirs,
<br />personal representatives, successors, and assigns, hereby give and grant unto Western Mobile
<br />Northern, Inc., a Colorado corporation (herein called the "Company"), its successors and assigns,
<br />the exclusive right and option to lease for the extraction of stone, sand and gravel and other materials
<br />as hereinafter identified, at the royalty, for the term, and upon and subject to all of the other terms
<br />and conditions set forth in the form of lease (herein called the "Lease") attached to and made a pazt
<br />of this Option, all of that real estate (the "Property") situate in Lorimer County, Colorado, described
<br />in Exhibit A & B attached to the Lease and by this reference made a part of this Option. The
<br />materials which aze the subject of this Option and the Lease aze referred to herein as "Materials" and
<br />aze stone, sand and gravel and any overburden and valuable solid minerals other than hydrocazbon
<br />minerals such as coal, oil, gas and associated liquid hydrocarbons that are removed incident to sand
<br />and gravel operations hereunder and which aze saleable and recoverable in the course of such
<br />operations.
<br />2. Grantors aclmowledge that they have received from the Company the foregoing sum
<br />o DOLLARS ($~ as full consideration for the granting of this Option.
<br />If this Option is exercised, the entire consideration shall be considered advance royalties and shall
<br />be credited on the advance minimum royalty payable as provided in the Lease. The term of this
<br />Option shall be for a twelve (12) month period commencing on the date first above written. Solely
<br />for the purpose of obtaining zoning classifications, variances, or exceptions from governmental
<br />entities and other governmental approvals, permits, licenses, and rights as aze required for the
<br />Company's proposed operations on the Property, Grantors agree that the Company may, at its
<br />option, extend the term of the Option for an additional twelve (12) month period by the payment to
<br />Grantors of the sum of $~as consideration for the extension, such sum to be paid before the ~
<br />expiration of the original twelve (12) month option period, and any such additional ~
<br />payment shall also be considered advance royalties and shall be credited on the initial advance
<br />minimum royalty payable as provided in the Lease.
<br />3. Notwithstanding the term of the Option described in Paragraph 2, the Company must
<br />exercise this Option, if at all, on or before the eazlier of: (a) the end of the term of this Option as it
<br />may be extended pursuant to Paza,aph 2; or (b) not later than thirty (30) days after the Company
<br />(1) obtains or verifies zoning classifications and/or variances and exceptions and receives a State
<br />Division of Minerals and Geology permit and (2) completes the testing, sampling and other
<br />operations described in Paragraph 6. Grantors hereby authorize the Company, at the Company's
<br />expense and in Grantors' name, if required, to apply for zoning classifications, variances or
<br />exceptions, and governmental approvals, permits, licenses or rights related to and required for the
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