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. ~ ~ .,. ~ ~w ~ }~~ i :rum wr use ut mia uamage to the Property. <br />Addaianally, Lessee will pay Lessor a royahy equal to Witty Cana (f.60) per wbic yard Crn sand and <br />grail mined and remoxd from the P Payrrmt in m ba made m quamitie. an rrmsu~ <br />Liceoeed Surxyor employed 6y <br />By orating ^ toyalry herein Lases m no way guanotaes any minimum production. <br />Furthermore, Lessee u net obligated m engages m mining or pmdtretim w maimam this lease duriag <br />the term hereof, R being the intent of the parties that the lease bs luW by the Amual Rental stared <br />above. <br />4. PAYMENT By the 211th of earn msrdr during the term hereof; Lessee shall wmpuU an <br />royaltia due Lessor heramder and prepare an mwice for suhmiaaioo to the Board of Couray <br />Commissioners. Lessor dull be paid pursuam to Lassae's routine procedures. <br />3. RECORDS Levee shall, rt an Curve, kerp written reeords of the amamu of material <br />reatoved f)om Property. whidt rewrdt shag be axihble to Lessor for the puryose of xrifymg. <br />6. RECLAMATION Lasses agrees R will reclaim the pautioo of the Property from whiob <br />Q rdttowrd sand and grail m aaardanu wilfi the requiranana of the Divisim of Mineral and <br />Geology of the State of Colorado. Lessee dull haw the right of seeas m the Pmparry wbsaquart <br />to wrrydetim of its muting, to complete all necessary reclanutieo, whirl right dull comhme for net <br />more than 6w (S) yaws aBer ~~•~~^^ of mining. <br />During the rabunatim. and for my sand and gravel m whirl a roYahY hu best paid, <br />Lessee may rmnox aoy nod and gnxl stacJ~ded durutg ~mg~ <br />7. ANAL ACCEPTANCE The final acapunm of the Sand and Grew) I.ease is <br />oontargan an the applieation being accepted by the Divisiaa of Mineral and Geology of the State of <br />Colorado insumg Leuae as appropriate mining permtt. <br />IN WITNESS W HEREOF. the parties hereto haw sat their hoods and sale the day and <br />year 8m above wrGtm. <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />(SEAL) <br />THE BOARD OF COUNTY COMMISSIONEI <br />OF THE COUNTY OF MOFFAT TATS OF <br />COLORADO, LFS <br />BY: <br />RECEIVED <br />JAN 151996 <br />Division of Minerals 8 Geology <br />missioner Chairman <br />(SEAL) <br />rs ~ <br />Cx~+13t1' N <br />Pf1(~ ii: ~ Z <br />