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18/09 '09 YEN 11:86 FAR 418 892 2420 CARRIM POLYCOR INC Q008 <br />activltil% means, systems and tech;riclues typical and aplsulant thereto in accordance with <br />-° r good, mixterlike operations; <br />1.8 M <br />Lessor inimum Royalty; The Mount of Ten Thousand Doll= ($10,000) to be paid by Lessee to <br />quarter one Ce?teW ofthe Initial Term and than on the first day of ewh cW dw <br />during the Suit,ial Team. Fit` efi - W. , -1 ' 20Q?; Uric Mbuimcmr Rp shall } <br />be iriorea$ed. td Twwnty Thousand 13o11azs ($20;000) per ?alondar quarter: ;f <br />1.9 OPerating Face: The area, areas or sections of the <br />and Waste Marble, am obtained and Property from which Dimension Marble <br />produced; <br />1.10 PernUits: Each, every and all Permit, consent, variance <br />other document or instrument of approval from 'approval, license, certification or ea* having jurisdiction, whether fed. ovary and all gove??ta1 agri?y <br />stato or local, necessary for the opt on the <br />ProPatY of a Marble Quarr}, <br />1.11 Permitted Use: The use to which Property maybe ut I,ossee 1 <br />?undear and speq fiery <br />Mean$ use for the purpose of the Conduct of a Marble QuarM <br />1.12 Production Royalty; The amount to be aid b <br />?Ioc1.Smted and iuitially $1.Iopa' eubxa t'oot;? Lea.?oa for(7i Sbi'f4Rt off' i <br />1.13 Property; $Qing all and the amore desoribed on Selmdule ,A attached hereto; <br />J 1.14 Renewal Team: The tcnm ofthirty five (3 <br />•c0amencing Yauuary 1, 2035; 5) Yms, if Imsee exercises its right to xeaew, <br />1.15 Space Quarried: The volunnv of space from which Dimension Marble and Waste Marble are <br />obtained and produced On the PropertX <br />1.16 ( $te.MarbIbJ Marble obtained and produced d <br />P)imiension Marble and during Tab the mining and production of <br />?.? g the course thereof but pof -00888 oftwo kwndrod.perceii.) <br />`(??? ?ai'?re.voTurrie.ofBloclza Sa?ved•,} <br />1.17 .Waste R*Atf . The amount to be paid by L ee to T.,mor per short ton (2,000 Waste Marble and iultiall 0..51 ? p pounds) of <br />Y?+- . pCr ton. <br />AYt'T = 2: LEASK <br />2.1 Ifasehold fit. L or shall and does h.Mby lease and demise Unto Lessee tbo Property as <br />hereinafter provided. <br />22 Term, The Initial Term of the lease commences on April 26, 2004, and ca>ri#inueg to cad <br />until -Occemba 31, 2034. Provided Losses shall not be is <br />Z.essee shall lave the right to r?onew the lease of the Pro default as set foath in .Axficle d, <br />five (3? Years provided that pwty for an toictal term of U*ty <br />Lessee shall have given the 7a sor written notice o f its intent <br />sire to renew at least six (6) moixtlls prior to the expiration of fke initial Term whereupon