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Lard Rock Paving & Redi Mix, 'Inc. <br />_jW P.O. Box 37 <br />Salida, Colorado 81201 <br />Phone 719-538-2222 <br />a-• <br />PIT AGREEMENT <br />EffeC:tivE) DWA, of Agreement: October 29, 2002 <br />Monte, Dowrare, owner of it gravel pit located approximately 4 1/2 miles south <br />east of Fsart??.l, c. )Iorado. Pit #M-84-1-01 does hereby agree to an exclusive <br />lease f--- thc ab(.!,,v gravel pit, to Oard Rock Paving & Redi• Mix, Inc. of Salida <br />euloraori fur a perlod of years from the above effective date with the <br />opt i o n. 'I". <br />Owns ..a *ts assist Hard Roc{ Paving & Redi-Mlx, Inc. with any and all <br />Per nr its <br />Hard Roi'.k ?L,aving & Redi-Msx, Inc. will pay $.SO per U.S. Ton royalty for <br />atigre(;r+te taker from the above.-described pit for the period of the lease. <br />P.ayrnelo shad be made by the Zorn of each month following the month the <br />rriat.e: lal < e-moved frorn the mining site. Hard Rock Paving & Redil-Mix, Inc. <br />agrr,+ , iv E+ prepayment minimum of $1000.00 per year for pit royalty. <br />the ,?,-r rr- vdill be made on January 1, 2003, and will be paid each <br />year or, ; ht! sir.:: date for the term of the pit agreement. <br />Hard Reic k 1`,ivinq & Redi-Mix, Inc. shall have the right to set crushing plants, <br />asphalt. ,plants, cor+crete plants, and all equipment necessary to operate such <br />planIrs +n trw oil area, and have access to pit twenty four (24) hours per day <br />seven i. )) days per week. <br />Hard Rock >>avinq & Redi-Mix, Inc. agrees to slope on the portions of pit <br />mirsl c:! ! 4 riarf; Po-.k Pavinc, & Redl-Mix, Inc. at A 3-1. <br />Hard f?rjt k 9vir}CZ & Redl-Mlx, Inc. also agrees to let Mr. Downare set up his <br />screr,r,.' a'?raFid produce material whenever he deems necessary. <br />Hare .dv, f:c: & Red, Mix, Iric. also agrees to sell crushed aggregate to <br />Mr. L%o.vrtate at a negotiated price lower than book price. <br />Ag!-Po i Bar: <br />45, <br />)dlrfr> P. At Date l Mdote Donware Date <br />?4/r FF/ ?rt?y <br /> <br /> <br />Equat Opportunity etrooyor