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NCWCD PAGE 02/12
<br />RECE1~1~p
<br />NORTI-TERN COLORADO WATER CONSERVANCY DISTRIQQQy 0 3 2006
<br />Division of Reclamation,
<br />QUARRY LEASE Mining and Safety
<br />This Quarry Lease is made and entered into as of Q,,.r4o.• /p , 2004, by and between the
<br />Northern Colorado Water Conservancy District, aquasi-municipal entity and political subdivision of the
<br />State of Colorado, whose address is 220 Water Avenue, Berthoud, Colorado 80513, hereinafter referred to
<br />as Lessor, and Stone Wholesale, Inc., a Colorado corporation, whose address is 4717 West Lakeview Drive,
<br />Fort Collins, Colorado 80525, hereinafter referred to as Lessee:
<br />WITNESSETH: Lessor, for and in consideration of the sum of five hundred and no/100 Dollars
<br />( 50$ 0.001, receipt of which is hereby acknowledged as payment of the first yeaz's rent and in further
<br />consideration of Lessee's agreement to pay ($500.00) annually as rental in advance of the anniversary dale
<br />of this lease so long as said lease shall remain in effect; and in further consideration of the terms, conditions
<br />and agreements herein and of the payments of annual rentals and royalties reserved herein, to be kept and
<br />performed by Lessee, its successors and assigns, does hereby lease to Lessee the right and privilege of
<br />exploring, prospecting for, developing, mining and taking quarry-rock, boulders. moss rock, rip-rap1and
<br />landscape, rock (the "materials") from the lands herein described, situated in the County of Larimer. State
<br />of Colorado (the "Leased Premises"}:
<br />ACRES SUBDIVISION SEC.TWP.RGE
<br />I S W I/2NE 1 /4NEl /4 1-8N-70W
<br />containing 15_00 acres, more or less, and shown on attached Exhibit A, together with the right to use as
<br />much of the surface as may be reasonably required, the right to make excavations, stockpiles, and other
<br />improvements as may be reasonably necessary in the mining and removal of said materials; subject,
<br />however, to att existing easements and rights-of--way ofthird parties, and to the rights of surface lessees and
<br />surface owners, and further subject to the terms, conditions and agreements set out in this lease. The above-
<br />mentionedrights may be exercised in connection with mining on adjacent lands only when mining on such
<br />lands is carried on in conjunction with the actual mining of the Leased Premises. The benefits, terms, and
<br />obligations of this lease shall extend to and be binding upon the heirs, executors, administrators, successors,
<br />and assigns of the respective parties hereto.
<br />RESERVING, however, to Lessor:
<br />A. All rights and privileges of every kind and nature, except as are herein specifically granted.
<br />B. The right to use or lease the Leased Premises or any part thereof at any time for any purpose,
<br />including the right to explore and prospect said premises, which use and leasing of said
<br />premises shall be for purposes other than and not inconsistent with the rights and privileges
<br />herein specifically granted.
<br />C. The right to transfer, sell, convey, or dispose of the Leased Premises, in whole or in part.
<br />H:IMANGMEN714GREEMN'n2 0 04109-1 D-04 Querry Lease-Stone Wholesale Corporation-FMAl.wpd
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