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<br />June 1, Lg;;.L <br />LEASE AG31;EI~,1yD?T <br />This states <br />L. Dickerson and <br />'Gravel Pit, here <br />and Rick Format, <br />inafter known as <br />the lease agreement by ^.nd betwer-_n Clanton <br />Dale A. Dickerson, ovaners of the Diclcercon <br />inafter knor:n as the Leasor, and Levis Forma <br />doing busine~ as Format and Son Inc., here- <br />the Leasee. <br />For the following 'considerations, the Leasee ha -. the <br />right to enter and mine in a vaorkman-like m~.nncr the Dic'erson <br />Gravel Pit. <br />1. Carry all necessary Insurances rewired to render <br />the Leasor harmless from anY claims of whet-so-ever nature. <br />2. Adhere to o.ll the state and federal. minim rer.,uire- <br />ments necessary in keepin;~ the gravel pit open. <br />3. Send a monthly hauling or sales reprot to the Censor <br />vahose address is: Dale A. Diclm rson -26982 County Road 313, <br />Buena Vist2., Colorado 81211. <br />4. For compensation, the Leasor amrees to accent "?_,25~0.`JO <br />for the lease and that all material removed shall be figured <br />at the rate of .35 per ton, and when the tonage exceeds the <br />~v2,250.00, then compensation shall be paid at the rr..te of .35 <br />per ton for the overage. <br />5. Pa;~nents to be made as follow.: <br />April 1, 1881 - 9$750.00 <br />July 1, 1981 - 9;500.00 <br />October 1, 1881 - $500.00 <br />Dec. 31, 1981 - 9,500.00 <br />Any monies due the Leasor for compensation in excr_ss of <br />the $52,250.00 or overage are to be fi?-used and paid on or <br />before December 31, 1981. The lease to be negotiated each :;~cr.r. <br />6. The Leasor agreos that this a~*ree,his bindin?- to his <br />or her heir:; or e.ssi~-noes. e^r <br />Forma, and Son Inc. <br />Lewis Format <br />_i chard L. Fo.rma.~- <br />Dickerson Gr,~vcl Fit <br />~~ <br />laptop iclcnrson <br />/~ _ ~ // <br />Dale A. Dickerson <br /> <br />