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SLB 259 <br />Rev. 5/89 <br />,. <br />STATE OF COLORADO <br />State Board of Land Commissioners <br />Department of Natural Resources <br />SAND AND GRAVEL LEASE N0. G 3170 <br />THIS LEASE, Made in duplicate and entered into on this 29th day of Mav , 19 21 , by and between the <br />STATE OF COLORADO, acting through its State Boazd of Land Commissioners, hereinafter as <br />"Lessor", and Mike Coleman and Jerrv Seifert. Joint Tenants With Rieht of Survivorship. <br />hereinafter referred to as "Lessee": <br />WITNESSETH <br />Lessor, for and in consideration of the sum of fifty-two and 75/100 ---- Dollazs ($ 52.75 ), receipt of which <br />is hereby acknowledged as payment of filing fee in the amount of $ 12.75 ,and first yeaz's rental in the amount of <br />$ 40.00 ;and in'further consideration of Lessee's agreement to make payments'of rental annually on or before each <br />anniversary date during the term of this lease in like amount so long as said lease shall remain in effect. In further <br />consideration of the covenants and agreements hereinafter mentioned, to be kept and performed by Lessee, its successors <br />and assigns, Lessor has demised and leased to Lessee the right and privilege of taking alluvial sand and gravel and <br />interbedded sandy clay (bedrock clay stoneand/or sandstone excluded) from the lands hereinafter described, situate, lying <br />and being in the County of Custer , and the State of Colorado, to-wit: <br />~+CRES <br />40.00 <br />FUND: School <br />SUBDIVISION <br />SEC.TWP.RGE. <br />PATENTS <br />SW14SW/4 <br />16-22S-73W <br />7933. <br />containing 40.00 acres, more or less, together with the right to use as much of the surface thereof as may be reasonably <br />required in the exercise of the rights and privileges herein granted, subject aid existing rights-of--way and the rights of <br />surface lessees of said premises. <br />RESERVING, however, to the State of Colorado: <br />A. The right to use or lease said premises or any part thereof at any time for any purpose other than and <br />not inconsistent or interfering with the rights and privileges herein specifically granted. <br />B. The right at all times during the life of this lease to go upon said premises and every part thereof, for <br />the purpose of inspecting same, and the books of account and records of workings therein, and of <br />ascertaining whether or not Lessee and those holding thereunder by and from it, are carrying out the <br />terms, covenants and agreements in this lease wntained. <br />C. The right to grant rights-of--way over said premises for pipelines, roads, railroads, power, telegraph, <br />telephone, ditches, and canal lines. or any other lawful purpose, or lease the above-described lands for <br />