|
S&G-LSE.DOC STATE OF COLORADO
<br />Rev. 12/97 STATE BOARD OF LAND COMMISSIONERS
<br />Department of Natural Resources
<br />Denver, Colorado
<br />SAND & GRAVEL LEASE NO. GL 3452
<br />THIS MINING LEASE, Made in duplicate and entered into this 24" day of August, 2007, by and between the
<br />State of Colorado, acting through its STATE BOARD OF LAND COMMISSIONERS, hereinafter referred to as Lessor and
<br />Camilletti& Sons Inc H.C. 66, Box 45, Milner CO 80487 hereinafter referred to as Lessee:
<br />WITNESSETH: Lessor, for and in consideration of the sum of One hundred forty and no/100
<br />Dollars ($ 140.00 ), receipt of which is hereby acknowledged as payment of the filing fee in the amount of $ 20.00, first
<br />year's rent in the amount of $ 120.00, and a bonus in the amount of $ NA, and in further consideration of Lessee's agreement
<br />to pay Three and no/100 Dollar(s) ($ 3.00 ) per acre annually as rental in advance of the anniversary date of this lease so
<br />long as said lease shall remain in effect; and in further consideration of the terms, conditions and agreements herein and of
<br />the payments of annual rentals and royalties reserved herein, to be kept and performed by Lessee, its successors and assigns,
<br />does hereby lease to Lessee the right and privilege of exploring and prospecting for, developing, and mining of and taking of
<br />Sand and Gravel minerals from the lands herein described, situated in the County of Routt, State of Colorado, to wit:
<br />ACRES SUBDIVISION SEC.TWP.RGE. PATENTS
<br />40.00 m/1 N1/2N1/2NE1/4 22-6N-86W 6" PM None
<br />FUND: School
<br />containing 40.00 acres, more or less, together with the right to use as much of the surface as may be reasonably
<br />required, including the right to reasonable ingress and egress; the right to make excavations, stockpiles, and other
<br />improvements as may be reasonably necessary in the mining and removal of said minerals; subject, however, to all
<br />existing easements and rights-of-way of third parties, and the rights of surface lessees and surface owners, and
<br />further subject to the terms, conditions and agreements set out in this lease. The above-mentioned rights may be
<br />exercised in connection with mining on other or adjacent lands only when mining on such lands is carried on in
<br />conjunction with the actual mining on the Leased Premises. The benefits, terms, and obligations of this lease shall
<br />extend to and be binding upon the heirs, executors, administrators, successors, or assigns of the respective parties
<br />hereto.
<br />RESERVING, however, to Lessor:
<br />A. All rights and privileges of every kind and nature, except as are herein specifically granted.
<br />B. The right to use or lease said premises or any part thereof at any time for any purpose, including the right to
<br />explore and prospect said premises, which use and leasing of said premises shall be for purposes other than
<br />and not inconsistent with the rights and privileges herein specifically granted.
<br />C. The right to dispose of or lease the surface where Lessor is the surface owner.
<br />D. The right at all times during the life of this lease to go upon said premises and every part thereof for the
<br />purpose of inspecting said premises, and the books of accounts and records of mineral workings therein, and
<br />of ascertaining whether or not said Lessee and those holding thereunder by and from it, are carrying out the
<br />terms, covenants and agreements in this lease contained.
<br />E. The right at any time to grant a right-of-way upon, over or across all or any part of said premises for any
<br />ditch, reservoir, railroad, communication system, electric powerline, or pipeline, schoolhouse or other
<br />lawful purpose; but that such grants shall be subject to the rights of Lessee.
<br />F. The right at any time to place the Leased Premises into the Stewardship Trust as set forth in Section
<br />10(1)(b)(1) of Article IX, of the State Constitution. Said placement into the Stewardship Trust shall be for
<br />reasons not inconsistent with the rights and privileges of Lessee.
<br />TO HAVE AND TO HOLD The above-described premises unto Lessee, its heirs, successors, assigns, or legal
<br />representatives for the term of five 5 years, and until Twelve O'clock noon on the 24th of August, 2012 , and a secondary
<br />term of five years except as hereinafter stated, and as long thereafter as minerals are being produced in paying quantities
<br />from said premises, and the royalties and rentals provided for herein are being paid, or by any extension hereof, subject to
<br />the following terms, conditions and agreements, to wit:
|