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~EC~d`~'~~A <br />SLB 250-3 <br />(2/84) <br />STATE BOARD OF LANb COMMlSS10NERS <br />Department of Natural Resources <br />EXTENSION OF MINING LEASE NO. GM 3314 <br />Anttiversazy date Ocwber 23rd <br />Annual Rental at $ 2.00 per acre; <br />For a total of $640.00 per amtum <br />Extension of five ~5) vearfs) expiring October 23.2006 <br />WHEREAS, A lease was entered into between the State Board of land Commissioners and Lessee, Tom. <br />COLORADO <br />DEC 0 5 2001 <br />Oirision of ARiaemis and fieolaAY <br />Fort Lvon Canal Company under date of October 23. 1996 fer a term expiring Ocwber 23 2002, covering the <br />following described acreage' <br />ACRES DESCRIPTION <br />SEC.TWP.RGE <br />COtiNTY <br />320-00 S/2 <br />and, <br />3-22S-48W 6ih PM <br />Bent <br />WHEREAS. Lessee has made request of the State Board of Land Commissioners for an ex tension of the <br />teim of said lease and has paid the remal for one year(s) in advance in compliance with the terms of said lease in <br />relation to extension; <br />NOW THEREFORE. I[ is ordered that the above-nttmbered lease is hereby renewed as captioned. <br />Annual rental becomes due on or before the anniversary date of each year for the balance of this extension. <br />Provided, however, that it is understood that all terms and condidons of the original lease remain <br />binding and in full effect. [t is further understood the royalty race shall be 50.45 per ton. <br />Recommended: STATE BOARD OF LAND COMMISSIONERS <br />~-~- <br />Timothy ~ rais SecJi ~ ~ Mark W. Davis, Minerals Dvector <br />.~ ,. <br />