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<br />' LEASE AGREEMENT <br />THIS LEASE AGREEMENT is made and executed as of the L~adav of J~ n r. <br />1998, between Soaring Eagle Ranch, Ltd., a Colorado corporation, whose address for purposes of <br />' this Agreement is 1972 Broadway, R.R. 3, Grand Junction, CO S 1 ~0_ (refen'ed to as "Lessor"); and <br />Grand Junction Concrete Pipe Company, doing business as Grand Junction Pipe & Supply Company, <br />a Colorado Corporation, whose address for purposes of this Agreement is P. 0. Box 1849. Grand <br />Junction, Colorado S1d0? ("GJP"l. <br />RECITALS <br />4. Lessor is the lessee under a Lease dated L -~- i99S (the "Property <br />teasz"). Pursuant to the Property Lease, Lessor has leaszd [he following dzscribed real property <br />located ur N[esa County, Colorado, inchrding all interest in the sand; gravel. and mineral ri,hts. from <br />the o\vuzrs ofsaid property: <br />Sze Exhibit A, at[achzd hereto and incorporated herein by reference, <br />' (the "Property") <br />B. Lessor has the right, tinder the Property Lease, [o enter into this lease with GJP. <br />' C. The parties desire to enter into this lease for the purpose of allowing GJP to extract <br />sand and gravel from the Property, on the terms and conditions set forth below. <br />AGREEI\~fENT <br />' 1. Lessor hereby sub-leases the Propem' to GJP and grants to GJP the exclusive right <br />to and possession of the Propem~ for the purpose of extracting, hauling, processing and stockpiling <br />F~~MAH~GJ PIPE',BA RNES~GR\'LSBa R.R\'1 <br /> <br />June 1. 1995 <br />