2003-01-29_REVISION - M1998014

• Permit No: M1998014
• IBM Index Class Name: Revision
• Doc Date: 1/29/2003
• Doc Name: Amendment Application
• From: DMG
• To: Lafarge West Inc
• Type & Sequence: AM1
• Media Type: D
• Archive: No

Example (this example does not include the effect, if any, of the CPI adjustment
set forth in paragraph 4.3 above):
Tons
lnitial Production
Royalty per 44.11
Minimum Royalty
per 44.4
Offset (If Any) {*
Total Royalty Paid
2002 2003 2004 2005 2006
2007 2008 2009 2010 2011
Tons
Initial Production _
Royalty per
Minimum Royalty ~~
per
Offset (Zf Any) - ~'?~
Total Royalty Paid ~~~ ~ _
1NO CPI adjustments (paragraph 4.3) are included in this example. n'!~.
'Offset for 2003 relies on credit brought forward from 2002
'Offset for 2006, 2007, 208, 2009, 2010. No offset for 2005.
5. Method of Measuring the Amount of Sand ~ Gravel Removed.
5.1. T,7se of Scale. Quantities of Sand & Gravel removed from the Property
on which royalty is due will be measured as follows. The Lessee shall maintain a
scale (or scales) which are certified and licensed by the State of Colorado,
over which all materials removed from the Property shall be weighed, and keep
accurate records of all weights of such materials, including date and time when
weighed, and including empty weights of the trucks or other vehicles
transporting the materials, and a reasonable identification of such vehicles,
which shall be available for inspection by owner at all reasonable times during
business houzs. Lessee shall make its tzucks and scale available for Owner to
verify their empty weight at the scale for the Property at all reasonable times
during business hours. If Sand & Gravel on which royalty is due are mixed with
non-excavated materials prior to weighing (for example, in case of mixing gravel
with asphalt, recycled aggregate material or water and Portland cement prior to
removal) then the mixed material shall be weighed and/or measured, an
appropriate deduction from the weight of the mixed materials shall be made for
Che weight of the materials added.
5.2. Records to be Kent. Lessee shall keep accurate records of quantities,
nature and weights of materials on which Production Royalties are due, which
records shall be available for inspection by Owner at all reasonable times
during business hours.
5.3. Retention of Records. Records for each annual period ending on an
Anniversary Date shall be kept for seven (7) years after the Anniversary Date,
and may be destroyed after the end of the seven-year period.
5.4. Interest on Late Payments. Any late payment shall bear interest at
the rate of eighteen percent (188) per annum.
6. Water.
>;
RECEIVEC3
FEB 12 2003
Division of Minerals and Geology