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LAND LEASE AGREEMENT <br />THIS LEASE made end entered this 13'" day of September, between MONTROS£ COUNTY, <br />COLORA00, hereinafter refemad b as Mta °Lessor", and, WESTERN PUELS~COLORADO, <br />NEW HORIZON MINE, here'erafter referred b as the °lessee.` <br />WHEREAS, Lessor is owner and operator of Hopkins Field - Nuda, together wkh the land on <br />whicfi said airport is krcated m 1ha County d Montrose. State of Coloretlo, hereinafter roferred b <br />es the -Airppt'; antl <br />WHEREAS, Lessee is desirous of leasing from Lessor a parcel of land, said parcel Ming <br />approdmatety tour odes in srze and located within the western linets of the Airport, for the <br />purpose of a vegetation reference area; <br />NOW THEREFORE in mnsideratfon of the payments, covenants, and agreements herein sat <br />forth. the parties mutualty agree as foAows: <br />7. Prenases <br />The Lessor hereby leases unto the Lessee for the term and upon iha 2Mal oonditims <br />herein, the real property on the Arport, as more speaficaiy desaihed an the attached <br />Etm~il A, incorporated herein by thb reference, and hereinafter referred b as ttre <br />"Premises`. The Premises consists of four {4) saes of lend owned by Lessor. Lessee <br />shell also (1aV8 tl1e non-axtlusfve dgM of ae[es3IO antl hOm ine Prenkses over and <br />across the Airport property in spedficaly desigreted areas, saM across not to interfere <br />with erry alraafl ac4Niry. <br />2 Tenn apd Options <br />The Lessor hereby kisses the Premises unto the Lessee for a period of two {2) b five (5) <br />days par year rnror the Gfe of the tNne {apprwtlnately 75 years). The Lessee shall notify <br />the Lessor rmt Tess than flue (5) twsiness days prior b beginning eadt study sasalon. <br />Rent <br />There shall be a zero dollar 150.00) rental assessment for 01e specified use of Premises. <br />4. improvement and Use <br />4.1 tke of Premises <br />The PremLaes shat be uldaed by the Lessee as a vegetation reference area to <br />gauge the redamalion suaess on mined Fonds. Lessee shall have no right b <br />utllize saki Premises, a arty improvements (hereon, other man as speGflcdy <br />allowed under lftis paragraph. <br />(Revised 1-15-03) 2.05.4(2)(e)- 52 <br />