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EXHIBIT O <br />MHMORANDUM OF LHASH AGRHHMENT <br />KNOW ALL MEN BY TNBSH PRESHNT9: <br />On the let of Meroh, 1989, a certain Lease Agreement was <br />made, executed, and delivered by, Hdwsrd D. Perry, Lessor, Asphalt <br />Pavin¢ Co., Leeeee, oovering the lends deecribed in Hxhibit A <br />attached hereto and made pert of by reference. <br />WHERHAS, the undersigned wish to eat forth certain terms of <br />said Lease Agreement for the record. <br />NOW, THERHFORH, the undersigned do hereby declare and set <br />forth the following terms of said Lease Agreement. <br />LESSOR: Edward D. Perry <br />LESSHH: Asphalt Paving Co. <br />DATHD: March 1, 1989 <br />THRM: Ten (10) years, or sa long thereafter ea <br /> there remains minable material which is <br /> being mined 1n commercial quantities. <br />RIGHT TO 88NHW: Additional Ten (10) years. <br />RIGHTS GRANTHD: The right to mine, remove, process, <br /> stockpile, and sell rock, atone, send, <br /> gravel, topsoil, and overburden and the <br />~. right Lo import, process, and stockpile <br /> material from other sources. <br />LHGAL DHSCRIPTION: Attached hereto sa Hxhibit A. <br />This Memorandum f Leeee Agreement this ~)J day of ~ ~ <br />19 ~. <br />ATTEST: ASPHALT PAVING CO. <br />/~ i <br />~,-~ .Cfys../1/.~- r ~ it, <br />Secretary ice Preei e <br />WITNH83: LESSOR: <br />~.7 ~./r+c C /ti <br />Edward D. Perry <br />