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m <br />v <br />V <br />1--- <br />~.,.- <br />4~ <br />• ACRIEUI.TUIU I. LEASF. • <br />TNIB LLASE, nude and en tared in co chic ~ day of <br />~~Tn d1IE.L 1978, by •nJ between GULF OIL CONPOXA- <br />TION, 1720 Seuth 8ellalr• Street, Denver, Colorado 80222 <br />(haralnaftar called "Lea nor"), •nd PEELEY C. GREEN and <br />60NR IL .1GAN GREEN, husband and v![• (hereinafter called <br />"Las ue", rhe[her ono or mote); <br />w 1 T N E 8 5 E T H: <br />VNCRFJIE, Laiaor and Luau have •xeeuced an Euhange <br />Agrasent under date of ~c~rn e~et ~Y 1978, (hert- <br />inafcer called "Eselunge Agrement"); <br />wIfEREAS, Seetlon VI of •aLd Exchange Agreement give^ <br />Lu ua the right co receive from Leuor an Agricultural <br />Iwaaa covering the lands described in Exhiblc A, •t [ached <br />~ hereto and made • pare hereof (hereinafter called the . <br />"Laced PrmLei'); <br />NON, THEREFORE, In tone Lderatlon of Leasea'• paying che~ <br />annual rant and ewplying with [ha covenants and agreements <br />Mnin eonuined, Leuor hanby luau unto Lessee the <br />Leased treetses upon the following terms and condf cfona: <br />1. Term. Tha term o[ Chia Leu• shall ba five (S) <br />yura, eoanencing on the closing date of [hat taro in <br />Exclunga Agratrnt dated C7c7ee/re~ /l 1978, be- <br />teem the oar par cfe^ hereto. kasee she l: have the rl ght <br />to testluce tbl• Lenae •c the end o[ erery lease year 7y <br />neepaystr_: e! [:w rt: yro+SG: !x L-. Se..l r.. 2 `<ret! a..'. <br />fciera m peiu icy etereby. TollorErg ouch L've-yur terms, <br />~ih1• Leans ry be exttnded few year [o year SL ^11 pare le• <br />Mreto amtually agree Sn writing or It ry be txcendcd Sn <br />aceordanca with Che terms of paragraph 12. Upon the expi- <br />ation or any earlier Cernln¢!on of this Leaac, Leaaee <br />forthwith and puceab ly shall quit [ha posse ^ton.of [hc <br />Lauad Premfu• and surrender the isms to Leuor En a good <br />• condition a Then fin[ reu lved, fa lr rear and tear, and <br />dnuge from tiro or [h• al emsnc^ through no Iaull~,u aoa, <br />s:c ep tad. It Leasae neverthelu^ rer ln• Sn pouco ion <br />thsrut, Lsuee shall ba dated guilty oL • foreib la da- <br />[ainer of [hs Lauad Pramtu^ ufidet 'Co londo law, hereby <br />wa Sving all notice and ^ha 11 be ^ubl act to eviction and <br />removal. <br />2. Rent. Leue• shall pay to Luaor, •e annual ran[ <br />for the Leased Premi^aa, [he sum of 51,768.72 par year to- <br />gechar with any Sneruu~ or deereasu 1n the nal property <br />taxis accruing during any of the luu yur• with tM ex- <br />eaptlon of any Lnereu• in ouch u: at [rlbuubl• Sn wch <br />calendar yur to any• Lmprovernu pLeed on the Leued <br />Prmiaea by Lea wr. Any lnerueea, if any, Ln the real <br />property taxaa shall be added to the folloring yaai'a rent. <br />Tha annul rent shall bs paid on or before uch aMwl <br />aMlverury date Mreof together with any real •a a to u: <br />lneraue, Sf any. <br />). Vse and Na intansnce of [he Leaned Prmiaes. <br />•. without llnf [ing Section 4 hereof, Lea sea <br />shall not we the Leaned Prmfae^ for any purpou other than <br />ranehtng, Earning and gracing and residential use neceeaary <br />[or weh purpoau. Leuee aha 11 no[ coe•Et or owe to be <br />coimi[ted any orate ln, to or upon the Leued Prmiaea, <br />including, without lLmita tlon, any cutting or daeuging o[ <br />any tlaber or ^tand ing tnu wh1e6 may M thereon. Les ue <br />•ha ll rlnuln, •t Leaar'• cola coat, tba Leased Premlaea <br />!n the preen: condition lne ludlag, without 11a1tat/aa, •il <br />ax (sting build logs, fences amd otWr laproeaawats, to good <br />~i.~ <br />condition and repair. No faprovmmti not 1v or w the <br />Iwased Prmiaea shall be placed therein or thereon by Leaaee <br />without the written approval of Lessor, and all ouch improve- <br />men[^ shall be ortcted and rin[ainad •t Lu sae's sole cone <br />and shall beema the property of Leuor upon the txpiu tion <br />or urlier termination of ehL Leua. <br />-2- <br />/ <br />