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F. <br /> <br />LEASE AGREEMENT TO BUY MATERIAL <br />THIS AGREEMANT is made and entered into on the ~~E' Day of r!!alch 2 by <br />and between the Owner(s): Ronald and Marie Tipping, whose address is P.O. Box 1849 <br />Grand Junction Co. 81502 and, Grand Junction Pipe & Supply Co., whose address is P.O. <br />Box 1849 Grand Junction, Co. 81502, hereafter to as the Company. <br />WITNESS THAT: The Owner(s) for the considerations herein hereby leases to the <br />Company for the purpose of purchasing, producing, and removing aggregate material <br />from the land described as follows: <br />The 23 Road Pit is located as follows: The West %:, Southeast and South'/z, NE <br />%a, SE '/o Section 6, Township 1 South, Range 1 West of the Ute Meridian, Mesa County, <br />Colorado. <br />The Owner(s) will be paid a royalty fee at the following rate: <br />Aggregate products removed at $ 1.00 per ton. <br />This Lease Agreement shall commence on the date of the agreement and remain in force <br />for a term of 10 years. <br />The Company shall have the right to ingress and egress to and from the subject premises <br />and to erect any temporary structures, such as screening, crushing, and/or asphalt plants <br />and related office or yard site; to stockpile material in an area of sufficient size; and to <br />employ any reasonable methods of the removal of said material. <br />The Company agrees to provide liability insurance and shall be responsible for all its <br />operations related to mining of the property. The Owner(s) will be held harmless for acts <br />of the Company and its employees or subcontractors related to operations on the <br />property. <br />Payment to be made on the basis of scaled weights minus import materials such as <br />asphalt, lime, blend sand, etc. Other methods of measurement made maybe used as <br />mutually agreed upon. At the end of each month of operation an accounting of activity <br />during the month will be made. Payment to be made by the 20`h day of the following <br />month or as otherwise agreed to. <br />The terms hereof shall be binding upon and insure to the benefit of the heirs, executors, <br />administrations and assigns of the respective parties hereto. <br />