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? M <br />c n <br />0 `° M <br />This is a lease between Ted J. and Ter_y Pratt hereafter known as the "gravel company" o M CL <br />and Thompson Properties for the gravel pit owned by Thompson Properties at 9a9 g 0 <br />Meadow Road CR 512 for a 5 year period beginning January a, 2007 and enaing CD December ;a, 2011. Subject to the following conditions: <br />1. The "gravel company" agrees to pay Thompson properties a royalty fee per ton of <br />grave! sold. Royalties shall be paid by the 20th of each month. Royalties shall be <br />negotiated on a yearly basis. ' <br />a <br />2. The "gravel company" agrees to pay Thompson properties a scale fee of $.50 per z <br />truck. <br />-n 00 <br />;. Reclamation of edsting permitted area shall be done by other. <br />4. Future reclamation shall be split as follows: <br />The "gravel company" will slope all banks and help to place topsoil <br />Thompson properties will provide topsoil and help place topsoil and reseed <br />5. Thompson & Sons will not be charged for any pit run removed from the gravel <br />pit and shall strip all topsoil from mining area for their own use and sale. <br />d. The "gravel company" will have appro)dmately 5o% of e.-dsting mining area and <br />all of new amended mining permitted areas for its sole and exclusive use to <br />conduct gravel crushing, storage operations, wash plant and equipment and <br />fuel storage. <br />!any stab-leases much be approved by both parties and any g?roceeds from sub- <br />lease will be split evenly between the "gravel company" and Thompson <br />Properties: <br />8. No persons shall be allowed to import material into the gravel pit for storage or <br />resale without approval by both Thompson Properties and the "gravel company" <br />and at no time shall any material which competes with products produced by the <br />"gravel company" be allowed in the gravel pit without the express consent of the <br />"gravel company" . <br />9. "Gravel company" will maintain pit roads and water for dust control as needed. <br />Signed: <br />-Thompson Properties "Gravel Company" <br />JLI? <br />Larry Thaffipson date bed att Date <br />Clary Thompson Date ~ ?' '-' I er.y Praf % Date