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10/14/2002 00:15 7194714829 CEFICE DEPOT 456 PAGE 03/87 <br />Colorado. A copy of tha map showing the location of the same is attached hereto ae Exhibit .A <br />and by this reference incorporated herein. <br />Lessor warrants that Lessor is the owner of the above-described property and has the <br />right to convey and grant the rights and privileges provided in this agreement. <br />EQUIPMENT USED: <br />Lessor further grants to Lessoe the right to use all or any portion of the above-described <br />property for the purpose oferecting any aad all equipment and temporary structures that may be <br />used by licensee in the production of product as authorized herein and the right to grade roads or <br />rights of way to any and all poima on such property necessary or useful in the production and <br />removal ofproduct from such property. <br />PRODUCT: , <br />Lessor grarrts unto Lessee the right to remove the foDowing product only from the <br />premises: <br />Sand, gravel, interbedded sandy clay and topsoil fnr production of sand, gravel, <br />aggregate, decorative rock, base coupe, pit rvn and rock chips and topsoil to the extern <br />not required for reclamation ofthe property. <br />Lessee acknowledges and agrees that Lessee has no rights to remmve arty other minerals or any <br />material eonfaitting same from the premises. <br />CONSIDERATION: <br />As consideration for this Lease, the Lesser shall pay to the Lessor the sum aft <br />,~ per ton of 2,000 pounds of. product. I.essec shall furnish Lessor with mott[lily recon9s of <br />speci5c material produced and removed from the premises within five (5) days of the cbse of <br />eac4 month and at the time of carne shall tender payrnem to the Lessor for materials ratnoved at <br />the rate provided of~j per ton. <br />On or within 5ve {5) days of the last day of each calendar aanth during the term of this <br />(ease, Lessee shall make a written report to Lessor and his representative st which shad be <br />entered and set down the exact tunoum in tons of all material removed Jiom said premises d~.tr~g <br />the preceding rootttb. This should inchtde specifle categories of material removed (sand, chips, <br />topsoil, decorative lock, etc.). Tn addition, reports of all materials crushed, washed, sorted, <br />screened or otherwise produced wiU be given to Lessor and his representative. Lessor shall, at all <br />limos, have the right to examine the property, review and audit the records of the Lessee arr! to <br />verify any information by contacting lessee accoum holders. <br />2 <br />