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~~ <br />, <br />LICENSE AGREEMENT •• <br />THIS AGREEMENT made, effective as of the day of <br />March, 2001, by and between JAMES McCORMICK and DANIEL <br />McCORMICK, c/o 11520 East 2nd Avenue, Aurora, CO 80010, <br />"Owners", and GRASSER CONSTRUCTION, INC., P.O. Box 192, <br />Stratton, CO 80836, "Licensee". <br />The parties agree as follows: <br />SECTION ONE <br />Right to Remove Sand, Gravel and Rock <br />In consideration of the payment of $ receipt <br />of which is acknowledged, Owners hereby lease to Licensee the <br />tract of land shown below from the date of the lease until the <br />day of for the purpose of quarrying, <br />mining, removing, marketing from there all sand, gravel, rock <br />and other construction materials. Owners grant to Licensee <br />the exclusive right and privilege, at any and all times during <br />the term provided for below, to enter upon, produce, excavate, <br />screen and remove sand, gravel and rock from all or any part <br />of the following-described real property situated in the <br />County of Rit Carson, State of Colorado, to-wit: <br />A tract of land located in the Southeast Quarter of <br />Section 33 and the Southwest Quarter of Section 34, <br />Township 11 South, Range 46 west of the Sixth <br />Principal Meridian, more particularly described on <br />the plat attached hereto marked as Schedule "A" and <br />made a part hereof. <br />SECTION TWO <br />Warranty <br />Owners warrant their title and ownership in the above- <br />described property and the right to convey and grant the <br />rights and privileges provided in this Agreement. <br />SECTION THREE <br />Uae of Equipment <br />Owners further grant to Licensee the right to use all or <br />any portion of the above-described property for the purpose of <br />erecting any and all equipment that may be used by Licensee in <br />the production of sand, gravel and rock, and the right to <br />grade roads or right-of-ways to any and all points on such <br />property necessary or useful in the production and removal of <br />sand, gravel or rock from such property. <br />