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<br />iii iiiiiiiiiiii iii <br />AG P.E ECIE CIT <br />AGD <br />COP1P ROt4ISE <br /> <br />This ,}greement is executed in duplicate original <br />as of this ~~~~day of 1978 by and <br />between Holl}• Sugar Corporation (hereinafter "Holly"), <br />a Clew York corporation with offices at 100 Chase Stone <br />Center, Colorado Springs, Colorado 80903, of the first part, <br />and Colorado Lien Company (hereinafter "Lien") a Colorado <br />corporation whose address is P. O. Box 1961, Fort Collins, <br />Colorado 80521, of the second part. <br />R E C I T A T I O t1 S <br /> <br />I. Holly is a manufacturer of sugar and sugar <br />related products, which operates a beet sugar Factory, <br />among others, near the Town of Torrington, [Jyoming. Lien <br />is a contractor, which engages in the mining and processing <br />of limestone and related products. Highgrade limestone is <br />a necessary ingredient in the processing of sugar from sugar- <br />beets. <br />II. Section 36, Townshio 10 North, Range 70 West, <br />6th P.PI., Larimer Ccunty, Colorado (hereinafter "Section 36") <br />is held in fee by the State of Colorado and administered <br />by the State Beard of Land Commissioners (hereinafter the <br />"Board"). Ho11}' holds ttineral Lease 170. 14J4, dated June S, <br />1959, from the State of Colorado permitting rt to zxtract <br />minerals fcom Section 36, including Limestone. Lien holds <br />Leases Nos. 5-34223, dated January 30, 1970 (hereinafter the <br />"1970 Surface Lease") and 5-36179, dated Ctay 3, 1976 (here- <br />inafter the "1976 Surface Lease"1 from the State of Colorado, <br /> <br />