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JAN ~e 7. .~ ec <br />• . <br />~,.~ <br />LEA57i <br />Af.REE2fENT made this ~ ROday of. NvA , 1989 <br />between Kirk Alexander and Kathleen Alexander of Norvaod, <br />Colorado, herein referred to ns "Landlord", and Animas <br />Aggregates, Inc., of Cor.tci, (:olorado, herein referred to as <br />"Tenant". <br />It F.C7TAT,5 <br />A. Tenant has in the past. ~znd desires t0 continue to <br />loess approxLmztely Eighteen acres from Landlord for <br />mintnp, and rrnca+cntap, prnvr7 and far btti7dinF, parking, <br />Dateh plant, storage area aad general use for gravel sad <br />concrete products and related cateriels on lead described in <br />Exhibits A, fl and C attached hereto. <br />B. Landlord is villinR to continue to lease said <br />property Lo Tenses upon the terms contained belor. <br />C. In consideration of the mutual covenants and <br />pronises hereafter contained, the parties agree as follows. <br />Af:kitFrtC:vT <br />1. nL•tiISE. i.andlurd laa+sos to Tenant, fOr Che purpose <br />of conducting thereon any Iat+ful. b~i~iness, those certain <br />premises more Particularly described in bchibits A, B and C <br />attached hereto and incorporated by [his reference, upon <br />thn term9 and conditions contained in this Least. <br />2. TERM. The initial term of this Lease shall be for <br />five years, commencing ,~ of January 1 1989 and ending on <br />December 37., 1994. <br />3. E7(TENDLD TL•R`i. Yf Tenant is not in default under <br />this Lease, ibis Lease shall r.ontinue in full force and <br />effect for an a~lditio,ul five years from the date of its <br />expiration at the increase rental specified in paragraph 4 <br />below, unless the Tenant shall have given the Landlord <br />written notice thir.cy dnyr. 1n advance of the expiration date <br />of a desire co cancel this Lease. <br />4. RENT. Aase rent for ih¢ initial term shall be Seven <br />Hundred Dollars (5700.00) per monct~, payable in advance on or <br />before the fifteenth day of etch month. Base rent for the <br />extended term shall be Seven Hundred Dollars (5700.00) per <br />ffanth payable in advance nn or before the fifteenth day of <br />each month. <br />Z0'd 05:50 L66L-L0-~nr <br />