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A001' NUUM 10 L[ A',[
<br /> THIS A0?FLNIINI , an addondum to a ( "I Inif) I , o"o, m,rrle and entered
<br /> Into this Z? -X day of A(rgu,t , 19111, by ilia 1„�Iw n,n wit I. IAr4 V. Hill't411 l
<br /> and DONA MAE 13PNILLY, hereinafter raforrrd Ir, n; "Lotror•," , .uid S[IU)IV,
<br /> BROS. EXCAVATING, INC. , a Colorado corporation, hereinafter referred to
<br /> as "Lessee",
<br /> W I T N E S S E T H:
<br /> WHEREAS, the Lessors and the Lessee entered into a lease agreurnent
<br /> dated April 17, 1979 (hereinafter referred to as the "Lease") ; and
<br /> WHEREAS, the lease provided for the commoncernent of mining no later
<br /> than October 1 , 1979; and
<br /> WHEREAS, it is possible that the uperofiun-, urdur t: e-- lu,r,u rnuy r,ct
<br /> cownionco until after October 1 , 1971J, hI,- ,rw -. r,f ihr I ;nrr reruirtd f-,r
<br /> .rppropriote guvui nm,;ntol outlier i ly;
<br /> NOW, THlklfUHf , for and in tLn r,riwrl
<br /> benefit;,, and uefr inrunis Iu the I),,( if(!', r.,.: �.1�,, Ho', w, fulluw , :
<br /> 1 . The ( ease shall rernoin in full forI-e and effect if upr:rdtirnic,
<br /> under the lease do not commence by Octob,�r 1 , 1979, upon [,ayrnent by the;
<br /> Lessee or its assigns to the Lessor of the amount of ONE THOUSAND DOLLARS
<br /> ($1 ,000.00) per month as an advance and delay rental , said sun to be
<br /> payable October 1 , 1979, wish like payments to be made on or before the
<br /> first of each subsequent month thereafter until mining cornrnences.
<br /> 2. Once mining has commenced , theru will be nu furriher pdyment of
<br /> delay rentals and this obligation shall oo5o, and Linnre 10 of thy:
<br /> Iuose shall apply 10 any perir,;ds of indcli ✓ ity in minim; fh(, pr,:ni .r •,.
<br /> 3. Further , it is explicitly dyro,ed ih.rt u[,r,n
<br /> oi,orations, any royalties uu., I be ro• l � fud ,r'.;,. ire-,1 ir,r• Ir. l ,r7 r,.n i.�l ;
<br /> po i d or set off aya i nt,t the:.e I / •31 t"r t r r,, r I t i,: . I ,
<br /> be paid for the marerials rernove3 have orlu.,I led tt.r: -:eldq r .:ut.IIs, r.':vJnced ,
<br /> shall the royalties as provided in the I-u;o be p.Ii „I r,n inu fr m �, err!
<br /> conditions set forth therein.
<br /> "EMIIBIT 0" Source of Legal Right to D-Iter
<br /> Page 10
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