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<br />369887 09/02/1498 10:448 DS80 P702 LSEi1GR <br />4 of 6 R 0.00 D 0.00 N 0.00 Elbe~i Ceuniy CO <br />termination shall remain and continue to be the obligations of the Lessee. and further pruvidt:d <br />that Lessee may remove its property form the Leased Premises. <br />8.2 It is expressly agreed by and bet•veen the panics that Lccece shall have the right <br />to terminate this Agreement in the event that the aggregate in repose on these premises will not <br />meet the standards of the American Society of Testing Materials as modified by the Colorado <br />State Highway Department and published in "I'he Colorado State Highway Department Book <br />of Specifications es of 1981. <br />8.3 ]t is agreed that either Lessor or Lessee shall have the option of terminating this <br />Lcasc if Lessee does not pay Lessor for a minimum of 25,000 tuns of gravel per year. As <br />required by Colorado law, this Lease is subject to thu prior appropriation of funds by Lessee. <br />9. NOTICES. <br />9.1 Any notice required or permitted under this Lease shall he given in writing. All <br />such notices shall be served by either personal delivery or by mailing by registered or certified <br />tttail to the following address: <br />Milton and Mary Ellen Ardrey <br />M&M Land Co., Ltd. <br />Route 1, Box 138 <br />Slaten, Texas 79634 <br />Board of County Commissioners <br />of Elbert County <br />P.O. Box 7 <br />1Gowa. Colorado 8111]7 <br />9.2 Notices shall be effective on the date of mailing or on the dart of personal <br />delivery. <br />LESSOR: LESSEE: <br />M&M Land Cu., Ltd, a Texas <br />limited purtnership <br />BOAKD OF COUNTI' <br />COMMISSIONERS OF ELBERT <br />COUNTY <br />ilton Ardrey, Ge er~l Partner <br />By: <br />a Ellen Ardrey, General Partner <br />By: <br />o n Dunn, Chairman <br />4 <br />