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<br />
<br />82025584
<br />upon the death of Seller if Seller's widow or per.scr:al
<br />representative is able to continue {:ha performance of
<br />Seller under this contraci: wiL}:out interruptions Layer
<br />s}:all have. no cpCion to terminate thi_a contract cr to
<br />minims e>:tracts ramove grid take cut the clay from the
<br />aforemcnLicn~d properties. I:, L}le event iiuyaL should-
<br />~~ercise the above. option to mines ertraets remove and.
<br />t.~k~ out Clu}' f::G4T,khe aforementioned proper tics of ,
<br />:;ellcr~ tree put: times agree that from t;.G date said optict~t
<br />is ~~ercised Buyer shah bcoc,n.a Ll.:: i.cs5ci: of the a~34y,~
<br />C}c'scrlbi:.? pC0[i~L t] u° G1 ~cllcr 5l ltln Ltd lli Jl;rf,Dr'i O1~ ~~~
<br />Countys State of Colc.rados for ;~ [~:~m ~:L fives (~; y~..it:
<br />com:nunci:::; wi`_lr t'.,~ .late uygq Whi.cn the c3ptaon is cx@rcis6~1. ,
<br />'Plte rental payable by Buyer to Seller shalll be equal L'o the
<br />purchast_ prieu for usablo clay actually uti.ned and e:<t:racted
<br />8.°. [ir UV ldcC] Uni]er the ter TS 02 th 15 r.y recmentt aC:d Sald
<br />renl-al shall hu payabL_ in the same manner dcscrib~:d wii:h
<br />refer~nca t.o tll~ purchase of usably clay Fr.em Seller. prier
<br />t0 t}le CCITIiII~?I1Culnc:alt of Zi rt`f SUCK 1C aSl.j p.i'GV ldedt }tOwE V~?rt
<br />that L'uyLr shall b.' cnti.tled to credit against an}~ rental
<br />payable the actual reasonable costs ~i.ncurred by Eiuyer in
<br />miningt ~xtrr,ctingt removin•; and taking clay cu L- of tt,e
<br />aforClnc:ltlJnt:d prGmlSiS :~Cl.i dEl.iverinq the Clay Lo I>~:yer's
<br />place of bUSinc~S aC 13?5 Jay ,treets ]..aY.ewoods Colorado.
<br />To the e_•:tent that Buyer's cos CS in mininet ex.tr~ct:inys ce-
<br />movi.ng anti i:a}; i.r.g clay out Exceed a E].gur.e which i.> i'ifty
<br />c`r:e.s (SOc)pcr ton less than fife sale price of file clay ar:
<br />the lime o.f tit,. ccnunenc~mer,t of tt:e tzrm of the leases such
<br />costs sha:Ll not. be reasonab].es it being the intent of the
<br />p,~rti~s to yu,:rant~e to Seller a payment of at least fi.IL-y
<br />(~0(i) p~-r toil tc.r cla•,•' mir:_•d Lr.om Che Scl.ler's properly.
<br />`l'ife ~c+'_d lba::.i' shall ai0 bL SU}i]CCt t0 t}tcc Sa11W farms aa~l
<br />C 0710 11.1 or15 a5 a1'c'_ hcre311 SPCC i.f 1i':~ W1{fl rel:brenCB t0 t}tc
<br />purch,.ac: o_' u:c,blu clay by L'u}•er from Sellers su1'tje:ct to
<br />t}tC fo.l lowing additional provisions:
<br />(a) S~11e1 ayr~es to assign to Buyer all necesaaiy
<br />lic~:'::,~~s permits and L'h~ like for such mining oper-
<br />atic:tst anu ~}loulu the said licenses permits and tht
<br />lil,:e ha r.ln~_::iyr.<,Lie~ se11Cr agrees to use his best
<br />efforts to ::__uro t:.,,t auy~t is n}.1C Lv ..LJLaitt 5uci,
<br />li:.cnSPS~
<br />(b) ~~~ller agrees that" Liuyr.i w~ty ct~nduct its oper-
<br />atiG..G nn :;~ll~r's property without any interxarenc~
<br />iron: Scll~i~ and ~cller w~rranL-s L}l.'.L uuy~r will ::~~~
<br />a qui.f::t .,n.ct p_ac.._"ul ,>osc:~cui~a ,;L the property during
<br />the t.crm of its li::aa, subj~cC to Lhe limited rights
<br />above rnunti:::,~d Lo extract clay ror other purchasers.
<br />
<br />(c) Sel.l~r :~yr~es Co itcld uLlyur harmless for a::y and G
<br />all COS tS 'dlt lr:l'1 nlly}lt bC lil,[ G:S Cif by t}?.: pJ].1Cb pbWLr
<br />i
<br />vi any rnunicipallCys c=.i-ys stags or otl',rt yc;vcrnment
<br />rcnui.li.ny that ttu:_se properties he irled of surface (
<br />w;; tsr ce broug}tt to auy sort of uni,'. n. yra~e~ follow-
<br />11L~ i}:U tt Cllllnii t3.Gn of m].nir.3 Cy u1"d.L .a:;.
<br />In Lt,,] event Bu',rer becomes a l~ssae pl.lr;uan!. to lhce
<br />above o;~t].ens lluyur agrees tc; n,.ines axtr'actt .-emove and
<br />}, i.C i3Ut. c.lrsy irJ;ll t}le of oreme::liored [il'Gp2r t12D 111 A •jGOd
<br />aRd 41C~L }UP. 41::11}:c Ill:~l'iner.
<br />.9-.e p.~rCies furt}ICr ayre~~ i.hat in the ~v~:nt C;u`~cr
<br />e::;~rcia~s ] is option to tenr~ine.te thie LLa~ee upon L-h,_
<br />h~lp,,~n.in~ :,f ar.y i,f Lha ~;:i,.-,vt-~itscrib~d evantst boL-h
<br />parti~~ ;Ball, after [suy~_r exerci^'.;s its option to Cer-
<br />nunstot l.tu relic-red of a[1 llr.bill tlr5 hCt i•L't:i1CL" CY.^~[: .:
<br />those li:;bili.tic:: rind ohlir;ation~ which accrue.} prior ',~
<br />termination.
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