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<br />MINING LEASE <br /> <br />Lease made this 20th day of April, 1999, between the Boazd of County <br />Commissioners for Fremont County, Fremont County Courthouse, 615 Macon Ave., <br />Canon City, CO, herein referred to as Lessee and Bill W. Canterbury, of 2005 County <br />Road 4, Howard, CO., 81233, herein referred to as Lessor. <br />For good and valuable consideration, Lessor lets exclusively to Lessee the <br />following described land: <br />A parcel of land SEI/4SE1/4 Section 6, Township 48 North, <br />Range 10 East ,NMPM, totaling 7.2 acres: <br />From a point of reference being the common corner of Sections <br />5,6,7,&8 of T48N, R 10E, NMPM, bearing N42 W a distance of <br />1 I50 feet, that being the intersection of County Road 4 and the <br />Canterbury Ranch Road located 3.1 miles west from the intersection <br />Of Highway US 50 and County Road 4: <br />From said Point of Beginning, marked by steel fence post, <br />South 74 West 177 feet to Station Marker #1 at toe of old waste pile, <br />thence <br />North 70 West 116 feet to Station Marker #2, thence <br />South 81 West 80 feet to Station Marker #3, thence <br />South 9 West 274 feet to Station Marker #4, thence <br />South 70 East 164 feet to Station Marker #5, thence <br />North 80 East 294 feet along toe of undisturbed slope to <br />Station Marker #6, thence <br />North 59 East 87.5 feet to Station Marker #3 at top of ump face, thence <br />South 88 East 409 feet to Station Marker #8 above metal gate, thence <br />South 23 West 338 feet along Canterbury Ranch Road to Station <br />Marker #9 located at Steel Fence, thence <br />South 20 East 100 feet along Steel Fence line to Station Marker # ] 0, <br />thence <br />North 70 East 135 feet to Station Marker # 11, thence <br />North 55 East 100 feet to Station Marker # 12, thence <br />North 90 East 112 feet to Station Marker # 13, thence <br />North 0 East 460 feet along Section line and common boundary line <br />to Station Marker # 15 of the Howard Creek Pit Affected Land Survey <br />located on South bank of Howard Creek, thence <br />South 81 West 520 feet along Howard Creek to Station Marker # 16, <br />thence <br />North 55 West l 15 feet to Station Marker # 17, thence <br />Azimuth and Distance to close back to Point of Beginning, app. bearing <br />North 49 West and app. distance 188 feet. <br />