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SAND ~ GRAVEL LEASE <br />(Surface) <br />LESSOR: Ann E. Charchalis and flick Charchalis <br />ADDRESS: 6795 Highway 394, 'Craig, CO 81625 <br />PHONEJf <br />S.S. q <br />LESSEE: THE 800.RD OF MOFFAT COUNTY CDMMISSi0NER5 <br />ADDRESS: 221 Wes[ Victory Way, Craig, CO 81625 <br />PHONE N (970) 824-5517 <br />S.S. M <br />PROPERTY: SEE EXHIBIT "A" ATTACHED tBsRETO <br />DATE: <br />RECITALS <br />• <br />Exhibit N <br />A. Lessor owns the Property. <br />B. Lessee wishes to enter the Property for the purpose of extnaing rand and ~vel. <br />C. l.assor and Lessen have agreed W s price for the right to eranr the Property for the <br />purpose of extracting send sad gnwl, u well ea s royahy for gaud and gnwl <br />rmm~ed fran the Property. <br />NOW THEREFORE, for a good and valuahle cmaidentim the partim agree u follows: <br />1. CRANT & TITLE Lessor gnma to Lessee the right m eater open the Prtgerty W <br />mine, use, sell or remove sand sad grsvel (hertin, "mining"J. This gram includes the right of <br />artranu witlt [rocks and crusher plains and other necessary equiprtrpd, and the right to leave such <br />equipmrsa m the Property during mining, stocVrpile roductim and raclamatim. Leaver further <br />warnrua to lersea that lessor has good title ro the Property and has full stahoruy ro gram Lessee, <br />this (ease. Lessor agrees to oraermify lessee against say claim that Leuor dam oat have good title <br />or die rigid W enter this lease. <br />The rights grained herawrder shall Fa axelusiw b the sense that the lessor will rrot grim to <br />anyone else the privilege of reproving sand and gnwl frortr the Property doting the period hereof or <br />wtil reclamatim is eanpleted. Lessor reserves the right at soy time doting the farm hereof to go m <br />and use the Property for soy purpasa whatsoever, but vvChaa rmraismable mterferetce wah the <br />right of the Lessx. <br />2. TERM Tiffs Lease shaD extend for s period of 6w (S) yeah from the date hereof. <br />Lessee shall haw the sbsolyda rigid to rarew riris Lease for m addmaul term of five (S) <br />yon, subjat tady to a rmegaiatim of the ram sad royaty sat forth ip Pangnph 3 below. <br />To exercise this right ro renew, levee shall serve lessor m the above-trted address woh <br />tvrit[m oetice of itsvrtNt ro renew not less than Watery (90) days prior to the axpiratim hereof, <br />whertupoe the patties rltaU eodeawr m good faith to agree ro a sew root sob royalty w be applicable <br />dwvrg the e#eaded term heeof. Eadr party shall be deemed ro be negtdiatiog m goad faith if the <br />prim being negotiated v related w a mrratt bona fide ofPor ro lease received by l.easor 6om s third <br />party or ro other objeaiw indiwors m the make[ place. Upm egreenent m a sew rem and royalty, <br />the partim will execute a wrium agreattmt. <br />If the parties haw not agreed ro s new rent and royahy by the espirstim hereof; this Lease <br />shall expire subject to l.eesee's right is Pangnph 6 hnnof. <br />3. RENT AND ROYALTY Lessee shall pay Lessor the sum of FIVE HUNDRED and <br />NO/100 Do14n (SS00.00) per year m advance (heroin, "Annual Rmul') during the primary form <br />hereof and during any extended time that Lessee is is paasessim for taclamadm u provided is Exhibit N <br />(~AG.G`.. ~ l <br />