2004-02-23_REVISION - M1984094 (2)

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L J HcEVOy 504 f332 4 29 02/ B/~4 0: 23A P.OB ~^ / V' Y~iL=. 1HLS LEASE (I,eaae^) is mode this 1° day ofluly, 2002. BY AND BE7lYEElY Playfau Land Company, I.LC heeinaRer refired ro as °l.vsor^ AND Sanborn Sand & Gravel. and Dispersing Aggregate Materials, (DANE, Inc.) hereinaftc referred b u "Carte" WfiNESSE7'H: 1_ Prooertf_ Lermr, is mmidaotioa oCthe warrsrrtia, ewamma, arxl ogteements of Laae hereiatda sn forth. dos 6maby grant laase, and rest tmb I.asaeo the following deaarbed real estate stunted in Park Coumy, Colorado. ro wit: See Attadrmmt "A^ i l.eaae term: This I.rrsa shall commeMe on Joly 1. 2002 taW, acdept as hereinaRv provided, shall tumimte ao )tme 71.2003 ~Leoe ierm'7. This lease shall automatiraly be renewed Crum year b year udeas awice is given by etthc ycvty aingy (90) days prior m expvatioa. 3. Rent: For the size of Property. Lessee mvmanrs and agree to pay Lessor the wm of 51.00 per ton of rock w toatuial remwcd Gmn the property, but not Ins than SS,500 per monde. 0. ParmeM line Laze shall pay b Lessor b rem on w before the 1' day of the next mpalh Cor metell8l tel[ta fhC previous month. S. jlt4 of Yeooerec Cessna shed we the Propaty for the sok purpox of removal of ' mdr w GIt material end shall not ttx premise for say other purpwe unless Lessor gives written eonscet for my ot6Q purpose. 6. Revwm aW Ma~tenen«: Lassie shd! pay for e0 cotta of farce repairs end sbal! provide labor for awatet ttplmep b the finee and roads. Any euestire dun oa mgressfagtgs roads abea Ire remedied at Lessee's eon if say eomplaima arc generated try a musty ofKad w pa(ault Tn the eves Lessee aha116e m brescb, defatdt m noaobxrvaow at any dme wtimn of any of dre provision, tarn or ooad"a;ow ofrha [se9e sad shalt rrot arre any bteaeq default or nonobsmraow within throe (7j days of wrinsn aotix fro~Lessor, Lessor my terminate min Leaso imrncdiaroly and may oats ton the Proptrq and thereaRer have, . yasama end mMY it u if'thir Lease had rot bem made. la web a cax, the rem duo 8om Lcaace - rlrall bt prorated through the dse of the Itau termiwtion tm tM bnyis oCS200.00 per day tw each day the Lease coatrrared in t:ffecl. s. Ralrt oCEes.v: Lesm shag have eke tight m rata upmr the Property for purposes of making iaapeaioas and pnfwroieg autorttvy wont ntme of which is b interfere vrith tha Levee's use ofthe Prvpaty., 9. No Parttenbio Created: Ibis Lease aball not bs deemed b give riu to a psrthcr- ship rdation, and Daher patty shag bare the mrt6tai-Y m obligate the orbs without written mrsmt except a6 specifically provirkd othvwise is this I.ease. 10. Rml Proovty Taxa: I.asm shag pay real propaty taxes imposed upon the Property effemve whey doe.