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1 • • EXHIBIT K <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br /> <br /> <br />1 <br />1 <br />1 <br /> <br /> <br /> <br /> <br /> <br />1 <br />'IIrdIri(; LEI:SE <br />Ti1IS "IINING LEASE made this 12th da» of January, 1977, by and <br />betcaeen JAC1: R, STARiIER and TIIELM1SA L>, STARNER, as Husband and <br />Wife, Lessors, and DELTA SAr1D & r,RnVEL CO,, a Colorado Corporation, <br />Lessee, all of Delta, Colorado, :•;ITNi:SSETli: <br />That: the said Lessors, for and in consideration of the rents, <br />covenants and agreements hereinafter expressed to be paid, Y.ept <br />and performed by the said Lessee, have leased, let and dertisod, <br />and by tacse presents do lease, let and demise unto tae said <br />Lessee, the following described premises, to-c•~it: <br />(.LEGAL DESCRII'TIOr: OF 9,99 T.CRDS COVERED B>1 TIiIS <br />LEASE IS ATTACF:I:D HERETO AS APPEi•:DIt: A AND <br />INCORPORATED HEREIN L'Y TIiIS REI'EREr]CE, ) <br />';?o have and to hold, for the sole purpose of mining and removing <br />sand and gravel and aggregates thereof, for the term of five years <br />beginning January 1, 1977, and ending December 31, 1981, <br />Lessee, in consideration of the foregoincr, agrees with Lessors <br />to ~~orlc and mine tae above cioscribed premises with reasonable <br />diligence in a thorough and workmanlike manner throughout the term <br />of. this Lease and. to keen accurate accounts, and to render Ruarter <br />annual statements, to Lessor:, sao~~ing the amount (in tons) of all <br />sand, gravel and aggregates thereof mined, taken or removed from <br />said premises, <br />Lessee shall Pay Lessors as joint tenants as rental for said premises <br />17 <br />1 <br />