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<br />Ueb Uy-ou llVlr IJ~[r
<br />Gann ado RECEIVED
<br />ae.. toss
<br />STATE Off' COLORADO DEC 12 1996
<br />Sut• Eoard of Grad Commisnaners
<br />Dtpa[tmut of Wtwal Arwureea
<br />Oenrer, Colorado 80?p3
<br />Aocx wed for rip ropy read pivi5ion Gt NI«lerals ri Geology
<br />meld ballaeq deeeratlve MIN 1 N G LEASE N O. 7038/16-5
<br />LoC a u11d1ny stone School ywd
<br />ISSUHD IN LIH! OP Fa'Tq(SIOti OP lLIL1IyiG LEASE NO. 2479/16-5
<br />Tt05 MiNC1G LEASE, Fade u dupli«u and .accred mto thisl.~day of Jwe Ip 83
<br />by and betwreq th• Sure of Colorado, upng nuau(tt iu SLATE BO.A~RI~~OF Ll COlrN1 ON ILS, 6cremurCr
<br />rtiemd to u Lector, ud_ ~fARA00 Rh4RAC10RIE8 OOiPORATION, P.D, Bai 156~SSRi~'1fD
<br />S'jaon City. GOloldo 81212 , here(nafter rt(emd to u Lyree:
<br />WlTNFSSEa,H: Lector, for udia eanadentioa of the sum of S1Y hundred f~[y-seven and 25(100 -
<br />Dollan (S 6~), teulpt of vltich h henbY acknovt•dged u payment o(fdlag (« u ttu amounr of S 17 5
<br />ud fm{ yu i renal in the .mount o[ 5 fid0.00 , ahd u furthR eansldm{ion of Laare'f iR~« mcnt ro pay :he
<br />fo8otetp; imounu unuallY u rtnul dt advance on :he aMirtrury dare of thu lease m brs u aiid lease dull r:ruin is
<br /><ff«[:
<br />CF.tSE :"EAR
<br />and
<br />3rd
<br />srh
<br />7th and all abuquwt yeah
<br />RATE PER ACRE
<br />1.
<br />~~-_
<br />~~~
<br />~~
<br />and :n Further consfdention of tlx tnpu and wnditioN hereinafter s:aud, and o! the payment of raYalaes «ur•ed
<br />hercm, to be fupt ud periorpud by Luce, in succwaa and aurgo>. dray F.cubY dcta4e and Inx ro C•ttro she nghs
<br />sad pnnle;e of eaploM; and prmpecring int. and ml.'lin6 for and taking rock _
<br />and aatacumd ndnerals of raw that can br remond m th• ptaeea of alining ud md~• the serge
<br />tram the ludo hReu`a(tR detctlbrd, t[{uate.lYing and hems N the County of Pueh10
<br />Sate of Colorado, to wit '
<br />ACRES SUBD[aLSION SECTION TOWNSHIP RANGB PATE;r7S
<br />640.00 All 36 21 South 68 Nesc Noae
<br />CantaNllag~allaa,yy.aC.C. pare Or leY. tO rwlth[hf!1;7hf lp ux if marh of dtl Nrf]ee the«of as may r•:auNbiy
<br />Lv regnved m the extrrlR of the righu ud pmdrges herein aanred. ud the nawnahle d;J{[ w intern sad egess~. she
<br />right m tM ua of LL! othesrix unapptoptiaud waur [rom raid lads but not from surfw lefx•'s or Nrfac_ a.ater'a
<br />yarn weds or rnrrvo6f; the nytt to eomi!pm buddinge, mak• <xeandaN, rtoekpiln, dumpy dtaiN,+Cnds. nBrosda.
<br />potnr linen, ptp<Gt«t, and othv improvemenu N may b• nrcesvey; sugeee, howrKl, ro al( rxnue; eaxmenu Ind
<br />n;fl«-of+ny of rlnrd portico. and Ne righu of Nrtaee leures and runice paunterr, aoa Nrnc~r wYlttr to rhr «rmi,
<br />eonNeeoos, and roydttea xt out m this cast.
<br />:2ESEAYING, Novever, to the Snre of Cdeaado:
<br />A. All rights ud PrNdc3ra of very kind ud Nnrre, exaep u ue lurein spacd'r«Oy granted
<br />8. T1u right ro are a leax aid ymrdva or anY PK th<eeof at tnv ume for eay purpose Jther than and not
<br />NCONatent df bltr(fereng edrh the dgttu ud priyde8w hmin +p•eifiWlY yvte•d
<br />C. The eitht at all times dnriry the tit. of thh ]rase [o to upon uulprtmia« apd eery put [he:cof, for the purprrre
<br />oC iNpretitr~ tame, ud the baoq of acroonn ud recordf of mineral norkinp ihereie, sad a( arurtausmS
<br />wh<rhR ar nor ufd Lsar•< and dlpY hoidin; rhemndsr, ray and Imm ih f« carrying cut ehe terra, coarnrnu,
<br />ud ageemenu u mis lease wnumed
<br />TO NAVE Ah'D TO HOU' TN abon-0nRpxd premirea, ridt rhr apputurunaf, unto the List«, is tears. NL•euort,
<br />rasignr, or IegJ repreunueivea, from Tnln o':laek noes on the 14tH _day of 3uit0 , :g A3
<br />fa Ne fuB tens or._Ce+t (~_) ycan, and untB Twein O'clock noon on the U[h yy a( Jwe
<br />19~, sad, exupt u hreuuFur cured, u IanB mcreafmr as the minenu hereinabe•m Cekgie«d ale Eela[ prod:rc<d
<br />m paYtr./ QuutrdR Son wd pnmsn. and Nr :aYaltiu and ~rnu ptoydea lay 7Cen. or by anY ex[RSton •i•9f, a:e
<br />berm pad, w6yeet to tN topowm9 urrtts, toodinaN. +ad ape•mentt, to wt:
<br />1. W~ Rav>,rv - Af nunpnum and adnnce royalty, nrhoua teladon to tht amour.: of minralf pw.rd Lrar
<br />e eau ytrmuet the Lryrn tiB pay ro the Luor dv :ollohng ampuno:
<br />LASE YEAR NINMIiM ROYALTY t eetE YEAA )!LVAIL'ai RDY.aLTY
<br />lot thtN th~mu
<br />Aerate csru{;es resulting t;om sunends: or Party ampaaent do not :educe the minimua royslry propon
<br />tiautcly. ih< Bout wie oeternNe the minmtum rovsl:y.
<br />Parthee, at Ca• sad of cuh fve-yar prnod. the Homd coy :Ix :hc nu of advaece royalty :a y< paid for euS
<br />precned:.ig fit'ayr_r penod of rhr leex.
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