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<br />Form 2
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<br /> STATE OF COLORADO yf
<br /> Sutt Boud of Lsnd Commissioners
<br />' Department of Natural Resources
<br /> Derrer, Colorado 80:07
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<br />Blp rap, road metal, ballast, decorative rack,
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<br />%~ huildiex st one rmwal MINING LEASE N O. ~
<br /> NOTE: This lease Ls issued subj ecC to Uranaram Hin ing Lease 62368/16
<br /> vhlch has the effective dace of 1/21/72.
<br /> THIS MINi?1G LEASE, Madt in duplicarc and emred mto aue 14 tt4ay of Jur.e IglJ ,
<br /> by and between the Sure of Colorado, a: sing through a, STATE EOARD OF LAIJD COSIM 15510E _R5, hemnafter
<br />' rcfeeed to as Lessor. and COLCP.AW REPRACTORIE$ CORPORATIO;f, P. 0. Box L001
<br /> Cmae @i ty. 0ol orade 81212 ,hereinafter referred a as Lessee:
<br /> WITNESSETH: Lessor, for anJ in consideration of the sum of Six Htmdred Forty Nlne and SO/100- -
<br /> Dollan (5 649.50 ), receipt of which is hereby acknowled¢ed as paymtnf o(filing tee in iF,t amount of 5 9.50
<br /> and fit yor i renal in the amount of 5640.00 _, and .e iuaher cnnsid<nsion of Le<seeS agreement to pav the
<br /> (ollowir:g a_mounls annwlly as renal in aavarce on the arnrcersary dvt ni this lase so long a laid nse shall remain m
<br /> effect:
<br />' LEASE YEAR RATE PER AL'RE
<br /> '_nd X51.00
<br /> Jrd 51.00
<br /> 4th 51.00
<br />5th and all substquent years 51.00
<br /> and in further consider orlon of the terms and conditions hereinafter sornd. and of the p¢ymmt U royahiu reserved
<br /> heron, :o be kept and performed by lsssee, LLs sac tsson and a>vgas. dun hereby demue and Inse to Le,;et sot ntlhs
<br /> and p:rvilege of txplorin¢and pruspetting(or. and mining for and ::.kinglh~above-men[Soned minerals
<br /> and associated mmerais of rmue that can he removed in the prouss o(mining and nulling the acne
<br /> from :he la.tds hereinafter desrit<d, aLLUa[e. lying and being m the Caunry dfPueSSo
<br /> Sou of Colorado, ro wu:
<br /> ACRES SUBDIVISION SECTION TOR?15HIP RANGE "ATENTS
<br />' 640.00 All Jb 21-South 66-~7eet None
<br /> containin¢6/i0,00 saes, more Delos, together with the right so use as much of she surface tareo.`as ma}'rnsowb:y
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<br /> right to Ne use of all osherwtt unapptopnated water Iron smd (ands bur nut fluor surface lessee
<br />s ur sw ace owner's
<br /> water webs or ¢servous: the right la construct buildings, make excavations, smekpiles. dump.: dn:ns, roads, railroads.
<br /> power lion, pipeline, and other improvements as may be ntcenary; mbj<ct, however, to ail ezis:mg eaxments and
<br /> r~chua(-vny at thrtd Partin. and the ogles of surface lesstes and surface patentees, and (urrher subject ro the terms,
<br /> conditions, and reyahin >et eat m ilia lease.
<br /> RESERVING, Howeveq to :he Sure of Comndo:
<br /> A. All dghla and pnrilegn ts(every kind and nature, ezctpt ss see herein spec:f~<aily gru:ttd.
<br /> B. The right to use ur lease said promises or any part thaeoi II my tisr:e for my purpose other than and not
<br /> ineonsntent or intuferng wuh the nghta and Fnvdeges hrmn sprcu orally gnr.[rd.
<br /> C. Tht right at all horn durin¢ she li4 0(d:fs lose :o go upon uia ptemisa and every put Ihereo(. for the purport
<br /> of inspeam¢ same, and die books of scounr, and r<wrtls ai muieral workings ihe;ein. and of sscenmmng
<br /> whether or riot slid L<asee end shox holding n•esmdtr, by and from d, are carrying out the terms, covenami,
<br /> and agreement: ~n this Itase conuieed.
<br /> TO HAVE AND TO HOLD Tht :Mss'e-Jncr:bed premises, with the ap7urtenancn. u:sto the Lessee, its hears, sutteswrs.
<br /> assigns, or Itgai reprcsenutrve>. riom Tweve o'tiack pour, on the 14th dry of Jtme , 19 77
<br /> for the full term of P! ve ( S )yeah, and until Twelve u clock noon un the 14th day u( Jaae ,
<br /> 19 79 ,and, except ss her. ma(ar toted, as long thereat' •r v the minerals hrminabove de ngnned are to:rg pradxed
<br /> in payieg quantuin Irom old premise, a d ihr royalnn end taus provided for herein..+r 6y' any ecmuion nereot, are
<br />' being pad. subject to the following mrras. rondmon> and agreements. to wn:
<br /> 1. Minimum Royalty - As minimam and adasnte royalty, without re!mion m she anro•anr of minerals mined from
<br /> t. a easeTi-T a piemuei, the Lesun wail pay to the Less,:r tht following amount:
<br /> LE.xcE YE.1R Atl\I>1W1 ROYALTY
<br />LEASE YEAR MINI~iLTf ROYALTY
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<br />Lac alto $ch Sane
<br />' Acreage chm¢es result in¢ from swrender or psnia; assignmmi do nor reduce she mmLmum royalty prapor-
<br />nenately. The Bua:d will deem mine the manunum royauy.
<br />Furthr., m the end of each five-y<u parted, the Board map ftt the mm of adnnce royalty m be paid for each
<br />' sueceeGng Gvey<ar penou of the lase.
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