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4. Processing and Storage. Tenant may process (including the installation of all <br />necessary equipment to process sand, gravel and aggregate) and store sand, gravel and <br />aggregate on the Property during the term of this Lease. <br />5. <br />Sales Royalty and Annual Advance Minimum Royalty. Tenant shall <br />~ ~ <br />1 1 ( I i + 1 t ~ <br /> ~ ~ <br /> ~ <br />: 1_: ~_--t -.-: _.:_:~ + <br />.: L:: 1....~ .:.I ... <br />Landlord <br />6. Payment Terms. Tenant shall pay to Landlord all sales royalties due under the terms <br />of this Lease by the 30th day of each month following the month in which the material has <br />been sold and removed from the Property. All disbursements shall be made payablejointly <br />to the individual parties constituting Landlord and shall be mailed to Landlord at 12281 <br />Colorado State Highway 60, Milliken, Colorado 80543 or at such other address as Landlord <br />may notify Tenant of in writing. Tenant shall forward to Landlord monthly reports reflecting <br />the tonnages of overburden, sandy gravel and aggregate sold and removed from the Property <br />during the preceding month according to load tickets with dates ofloading. The reports shall <br />be mailed to Landlord by the 30th day of the month following any month in which <br />overburden, sand, gravel, and aggregate are sold and removed from the Property by Tenant. <br />Tenant shall keep an accurate record of all sales of overburden, sand, gravel and aggregate. <br />Landlord reserves the right to inspect such records for a period of six (6) months after the <br />month of sale and removal. <br />7. Surface Rights of Tenant. Tenant may cleaz brush and undergrowth from portions <br />of the Property as may be reasonably necessary to explore for materials, or to locate pits, <br />quarries and stockpile areas. In order to obtain access to the Property and to carry on its <br />operations, Tenant shall have the right to use all roadways now existing on the Property. <br />Tenant may build additional roads for the production and removal of material. Tenant may <br />install equipment and machinery necessary or convenient to process and store overburden, <br />Page 2 of 9 pages <br />