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<br /> <br />1 <br />LEASE AGREEMENT <br />' THIS LEASE AGREEMENT is made and executed effective the'3 day of AuSc:s ~' , <br />2000, between Anna Belle Karp, also known as Anna B. Karp, whose address for purposes of this <br />Agreement is 958 17-1/2 Road, Frui[a, Colorado 81521 ("Lessor"), and Grand Junction Concrete <br />' Pipe Company, doing business as Grand Junction Pipe & Supply Company, a Colorado Corporation, <br />' whose address for purposes of this Agreement is P. O. Box 1849, Grand Junction, Colorado 81502 <br />("GJP"). <br />RECITALS <br />' A. Lessor is the owner of real property, including all interest in the sand, gravel, and <br />mineral rights, located in Mesa County, Colorado, described as follows: <br />NW 1/4 SEl/4, Section 20, Township 1 North, Range 2 West of the Ute Principal <br />Meridian <br />(the "Property"). <br />' B. The parties desire to enter into this lease for the purpose of allowing GJP to extract <br />' sand, gravel, and similar materials from [he Property, and to utilize [he remaining portions of the <br />' Property, on the terms and conditions set forth below. <br />AGREEMENT <br />' 1. Lessor hereby leases the Property to GJP and grants to GJP [he exclusive right to <br />and possession of the Property for the purpose of extracting, hauling, processing and stockpiling <br />sand, gravel, and similar materials, for the placement and use of crushers and other equipment used <br />' iu comiection with the extracting, hauling, processing, and stockpiling of the sand, gravel, and <br />1 H\AtAH\W PIPL\Karp:grav leose.wpd <br /> <br />