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EXHIBIT N-1 <br />MEMORANDUM OF SAND AND GRAVEL LEASE <br />Under du bans of tM Sand and Gravel law dated FabrWry ~~ 1695 betwwn lDne Joan Gram, Abxandar B. Cram <br />and Sandra M. Grant ('laseora~ and Corutell Resourws, ttc., ^ Colorado oorporanon (leasee~, Lessors have based to Lessee <br />prtaln roel property which Is described an Exhibh 'A', atuchad and frtoorporated M ttda roleronce. The apedllc terms and <br />oandidona of Itte ntsbnoed Uw w Incorporated IMO tldc Memorandum by rolsrerta. <br />Dated February '.~~: .1995 <br />I~~~eLL4~ <br />LESSEE <br />ATTEST: <br />l.~ l <br />Secretary <br />STATE OF COLORADO <br />COUNTY OF LARIMER <br />) <br />ss. <br />CONNELL RESOURCES, INC., a <br />Colorado corporation <br />BY• <br />Richard Connell, Resident <br />SUBSCRIBED, SWORN TO and ACKNOWI.EDGm beforo ms dYs ~ day of February, 1995 by Lone Joan Grant, <br />Alexander B. Grant and Sandra M. Grant as Lessors. <br />Vy[TNESS my hand and omcial seal. <br />f+ty oommiselon expires: <br />~/~-97 <br />STATE OF COLORADO ) <br />) N. <br />COUNTY OF LARIMER ) <br />Notary Public <br />SUBSCRIBED, SWORN TO and ACIWOWLEDGED betors ma this _ day of February, 7995 by Rchard Connell as <br />Resident of Connell Resources, • Coorado corporation. <br />WETNESS my hand and otndal esal. <br />MY Oommisslon expires: <br />Notary Pudic <br />Sandra M. Gram <br />