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Colorado. A copy of the map showing the location of the same is attached hereto as Exhibit A <br />and by this reference incorporated herein. <br />Lessor warrants that Lessor is the owner of the above-described property and has the <br />right to come}' and grant the rights and privileges provided in this agreement. <br />EQUIPMENT USED: <br />Lessor further grants to Lessee the right to use all or any portion of the above-described <br />property for the purpose of erecting any and all equipment and temporary structures that may be <br />used by licensee in the production of product as authorized herein and the right to grade roads or <br />rights of way to any and all points on such property necessary or usefid in the production and <br />removal of product from such property. <br />PRODUCT: <br />Lessor grants unto Lessee the right to remove the following product only from the <br />premises: <br />Sand, gravel interbedded sandy clay and topsoil for production ofsand, gravel, <br />aggregate, decorative rock, base course, pit rttn and rock chips and topsoil to the extent <br />not required for reclamation of the property. <br />Lessee acknowledges and agrees that Lessee has no rights to remove any other minerals or any <br />material containing same from the premises. <br />CONSIDERATION: <br />As consideration for this Lease, the Lessee shall pay to the Lessor the sum of One Dollar <br />($1.00) per ton of 2.000 pounds of product. Lessee shall fi~rnish Lessor with monthly records of <br />specific material produced and removed from the premises within five (~) days of the-close of <br />each month and at the time of same shat] tender payment to the Lessor for materials removed at <br />the rate provided of contr-~~~rtrlAt-. per ton. <br />On or within five (~) days of [he last dati of each calendar month during the term of this <br />lease, Lessen shall make a written report to Lessor and his representative in which shall be <br />entered and set down the exact amount in tons of all material removed from said premises during <br />the preceding month. This should include specific categories of material removed (sand, chips, <br />topsoil. decorative rock, etc.). In addition, reports of all materials crushed, washed, sorted. <br />screened or otherwise produced will be given to Lessor and his representative. Lessor shall. at all <br />