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Hard Rock Paving &Redi-Mix, Inc. <br />Y.O. Box 37 <br />Salida, Colorado 81201 <br />Phone 119-539-2222 <br />PIT AGREEMENT <br />Effective 0;11-e of Agreement: October 29, 2002 <br />Monte Dawrare, owner of a gravel pit located approximately 41/2 mites south <br />east of Hart(,)lorado. Pit #M-84-101 does hereby agree to an exclusive <br />tease f*,.r the abr.,e gravel pit to Hard Rock Paving & Redl- Mix, Inc. of Salida <br />Color ae.r± fut a period of years from the above effective date with the <br />Ownc ro assist bard Rocs Paving & Redi-Mix, Inc. with any and all <br />perm, its <br />Hard Ro4.k ,aving & Redi-Mix, Inc. will pay x.50 per U.S_ Ton royalty for <br />aygreciate c._3ker from the above.-described pit for the period of the lease. <br />Payrriel,t shall be made by the 20"' of each month following the month the <br />irate ial !s l emoved frorn the mining site. Hard Rock Paving & Redi-Mix, Inc. <br />agr(*,ill? ;: y o prc,payment minimum of $1000.00 per year for pit royalty. <br />The 41, of 4 nienr will be made on January 1, 2003, and will be paid each <br />year on r ht- sane date for the germ of the pit agreement- <br />Hard R,-tck V"dvirlg & Redi-Mix, Inc. shall have the right to set crushing plants, <br />asphalt. plaints, concrete plants, and all equipment necessary to operate such <br />plant,, in t.?,i, oit area, and have access to pit twenty four (24) hours per day <br />seven i. )) days per week. <br />Hard Rock >'aving & Redi--Mix, Inc. agrees to.slope on the portions of pit <br />mine:! 1;y H 3rd Rozk Paving & Recll-Mlx, Inc- at A 3-1. <br />Hard Rock ?'avirru. & Redi-Mix, Inc. also agrees to let Mr. Downare set up his <br />screemrsca i l.`1nr.. and produce rn<1terial whenever he deems necessary. <br />Hard Rock '`aing & Red, Mix, Inc:. also agrees to sell crushed aggregate to <br />Mr. Downate at a riegotiated price lower than book price. <br />AgreHd zar'il ?gried 8?: <br />3061t, P. A' •y (?ate /, _/ <br />Monte Donware Date <br />c equal Oppoetvrniy Employv