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processed or to be processed, whether from the Property or from other properties on which the Company is conducting operations. 5. Advance Minimum and Production Royalties. The Company is obligated to pay annual minimum amounts to maintain the lease in effect ("Advance Minimum Royalty") and to pay production royalty. Amounts paid as Advance Minimum Royalty shall be credited as an advance payment of and applied to reduce Material tonnages otherwise subject to the production royalty. 6. Right of First Refusal. Under the Lease, if at any time during the term of Lease Lessor receives an offer to purchase all or any portion of the Property or any interest therein for a price and on conditions that Lessor is willing to accept, then Lessor shall give the Company notice of such offer and a copy of the offer, and the Company shall have thirty (30) days after receipt of such notice to elect to match the offer, and the Company and Lessor shall thereafter close the purchase and sale of the Property or relevant portion thereof in accordance with such offer or as they may otherwise agree. 7. End of Term. Under the Lease, the Company has (a) the right and obligation within six months from the date of the expiration or termination of the Lease to dismantle and remove machinery, equipment, improvements, and other facilities, including any batch plant, installed or constructed on the Property and also to sell and remove Materials then stockpiled on the Property, and (b) the right to access and enter the Property and effect on the Property such restoration, rehabilitation and reclamation as may be required to discharge the responsibilities which the Company has assumed pursuant to its permits and the Lease and to procure the release of any bond or other financial assurance provided by the Company. 8. Additional Information. This Memorandum is executed solely for providing notice of the existence of the Lease. For additional information regarding the Lease, the terms of which shall control the relationship of the parties hereto, please contact the following parties: Lafarge West, Inc. Attn: Division Land Manager 10170 Church Ranch Way, Suite 200 Westminster, CO 80021 Sundance Investments 900 West Castleton, Suite 115 Castle Rock, Colorado 80109 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]