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W09 '09 VEN 11:50 FAX 418 692 2420 CARRIEW POLYCOR INC Q008 <br />activities, mesas. Systems and techu quos typical and appurtenant thereto in accordance with <br />(--? good, minerlike operations; <br />1'8 Minimum Royalty ; The amount of Ten Thousand Doll= ($10,000) to be paid by Lawee to <br />Lessor on tine cammertoemeut of the hdtW Term and then on the first quarter der dudng the Itaitial Team.' of eat calendar 1,7 be?inoreasbd to Twin Th-us] t ` is ?ti1y"1.; 2QQ'?; the <br /> Minimum R yalty shall } <br />tJ'" Do ]ars MUM- - Per aaloudar quarter. ; j <br />I.9 OP"7at'ng Face: Ilse Brea, areas or sections of the ProperW fmm which Dimension Marble <br />and Waste Marble, arts obtained and produced; <br />1.10 Penults: Each, every and all permit, cones v <br />other documcrit or inst rumen, of approval from CaCk variance, Approval, and all licar , r fi?on or <br />havinglur ediction, whether fed ovary and a goveanmtWW ageuu~y <br />eral, state or local, necessary for the open on ilae <br />Property of a Marble {?aarry; <br />1-1 I l'erniitted Use: The use to which Property may be pat LW= <br />Means use for the purpose of the conduct of a Marble ann luereunder and speeialy <br />1.12 Production Royalty: The amount to be aid b Less <br />r$locl:$ auccl imtial2. 1°.. by ee to Lessox for(c biq'f?ipt of <br />y $1. l por .cubic foot; <br />1.13 P'Operty' 'Being 211 and the name described on S0110dule ,A attached hereto; <br />1.14 Renewal Teem: The team of thirty five (3 <br />40nmencing yaMary 1, 2035; yew, of I,cssee ?acemises its right to renew, <br />1-15 Space Quarried: <br />obtained and The volumci of space from which Dimension Marble and Waste Marble arc <br />produced on the property; <br />1.16 tYlst Maier Marble obtained and produced during the <br />production of <br />Dimension Marble and during the course thereof b mining and <br />fll°) ol'tl>e: volume oBBloc Saved; "i p1D° cxes of two-him <br />drecl.percer. > <br />1.17 RoYt3'? The amount to be paid by 7?Mee to Lessor per short tor? (2,000 pounds) of <br />Waste Marble and in{tially, t$b3? pax toe <br />ARIICLX 2: LRASE <br />2.1 Leasehold arrant, Lessor shall and does hereby lease and demise Unto Lessee the Properly ae <br />hereinafter provided. <br />2.2 Term. The h9tiaul Tam of the lease coanm <br />until I ,ember 31, 2034. provided Lessee sh.U April iin d Wt as set so fo th in to and <br />Lessee shall have the right to renew the lease of the Fault aoxth in ,Article I;, <br />dive (35) Yom Provided that rtpmY' far an addiiioactal term oft*,y <br />Lessee shall have given tic essor written notice of its intent and <br />die to renew at least six (6) Montana prior to the expiration of b o Initial Term w]Uereupon