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SAND AND GRAVEL LEASE <br />(SurLee) <br />LESSOR:CLAIR or BONNIE VILLARD <br />ADDRESS:P.0.~ BOX 745, CRAIG, CO. 81626 <br />PHONEa97o-824-6727 <br />S.9.r 524-48-1739 524-34-7868 <br />LESSOR:dLH&RT P. VILLARD <br />ADDRESS:P.0. BO% 745, CRAIG, CO. 81626 <br />PHONEr 970-824-6257 <br />S.S.q 524-48-17'37 <br />LESSEE: BoardojMoffafCountyCommisrionnr <br />ADDRESS: 11 f Wcsf Purory Way, Craig CO 81613 <br />PHONBM 970.81-37/7 <br />S.S. r <br />PROPERTY: SEE EXHIBIT "A" ATTACHED HERETO <br />DATE: <br />RECITALS <br />A. Less owre the property. <br />B. Lessee wehe W erda the Property fa the purpox of extreling sand sad gavel. <br />C. Less and Lessx Mve agraad W a prig fa rite right to emc the Property fa the <br />purpae of extraering sand and gave!. ss wdl u • royahy fa sand and gaud <br />removed Gam the Property. _ <br />NOW THEREFORE, fa a good and valuable camideratiaa the pertia agree as folbws: <br />1. GRANT & T1TLE Lessor granb to Lessee the right W enter upon the Property to <br />mia, use, sell a remove sand sad gravel (hereir4 "mining'. This grant include the right of <br />errtrarrce with trucks and crusher plants end oUrer rrecesary equipmerrl, erd the right W leave such <br />equipment oo the Property during mining stockpile reduction and reclsratien. Lwa fiathc <br />wartares to Lessee that Leesa hu good title to the Property end hu 1111 auWority W gran Levee, <br />this lease Less agree to iod®nify Leese espial a~ claim Wet Lessor does ml have gaud title <br />a the rigid to ems Wier lease. <br />The righb grained herwnda shell be exclusive in the seine that the Leaver will not grant to <br />arryoa else the privilege of rerooving send and gravel Gam the Property during Ure period hereof a <br />until reclamation is awnplded. Levy reserve the right starry t'vne during the term hereof to go an <br />end use tyre Property far any PaPom whatsoevc, but without umasooabk imerfereaa with the <br />right of the Lessx <br />2. ~ Thiv Lase shall Weed fa a period of five (5) yeah fmm the date hereof. <br />Lessee shall have the ebsoluk right to retrew this leave fa m additional term of five (S) <br />year, wbjed ady to a reoegetiatica of the real end roythy eat forth m Paragraph 3 bektw. <br />To exercix this rigor b renew, Lasses shell serve Lessor al the above-slatod addreav with <br />writtea slice of ib inlmt b renew not less Ilren nirtery (90) days Prior to the expirtion hereof, <br />whereupon the psrtie shell cadaver in goad Gith b agra to a new rem and royahy W be applicable <br />during the Wended term hereof. Pesch perry shall be dinned to be negalisting m good fsiW if the <br />price bedng rrege®red a rdeted to a currem boas fde otter to lease reedved by Levy 6om ^ third <br />party a m other objatire indicator in the mvket plax Upos agraaomt b ^ new rem and royahy, <br />the partie will eroseuta a written agrearrem. <br />EXHIBIT N-~ <br />