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1 STATE OF COLORADO State Board of Land Commissioners Department of Natural Resources Denver, Colorado 80203 Paragraph 5-A Paragraph 5-B PERMIT FOR REMOVAL OF ROAD OR CONSTRUCTION MATERIAL FROM STATE LAND 257-S Permit No. THIS AGREEMENT, Made this 25th day of August 19 86 , by and between the - STATE OF COLORADO, acting through its State Board of Land commissioners hereinafter referred to as "Owner") , and _ State of Colorado, Department -227 South 6th?Si_rP r p..p Rnx 2107. Grand Junction CO 81502 (hereinafter referred to as "Purchaser"): WITN'ESSETH That the. Owner, for and in consideration of the sum of Fifty only - - - - - - - - - Dollars 0-5D-100 ) , and the covenants and agreements hereinafter mentioned, to be kept and performed by the Purchaser, hereby grants to the Purchaser the right from the date of this Agreement and until.the 25th day of from _AR&RIL., 19 91 , to the following described purchase and remove sand and.nravel County, Colorado: premises situated in ?__Moffat y, SUBDIVISION SECTION TOWNSHIP RANGE 7 North 95 West Frac. part of Lot 20 in SE/4NE/4 31 It is mutually agreed as follows: 1) At the expiration of the aforesaid limited time, this Permit will become null and void, unless extended by the mutual agreement of both Owner and Purchaser. If extended, the new expiration date is to be entered on the back of this Permit. 2) Purchaser will••have--the--right--to-enter the subject premises and erect any temporary structures and employ any reasonable methods for removal of the material. 3) Material to be removed at the rate set out below: 4) 5) ton sand and gravel at a_price of $ 0.30 Per ' or 0.405 cubic yard _sand and gravel at a price of $ per _ The Owner reserves the right to lease or sell the land, to issue other permits upon it, and to grant rights-of-way upon all or any part of said permises at any time for any purpose, and owner may cancel this Permit at any time for any reason by giving Purchaser 30 days' written notice. Settlement Option - Purchaser agrees to report production on forms furnished by Owner, accompanying such forms with full payment for all material removed. Settlement is to be made by one of the following methods which is to be binding during the entire term of this Permit: A. Ouarterlv Settlement The quantity of material removed from the aforementioned premises is to be reported by calendar quarter. A report, accompanied--by remittance, is to be furnished to the State Board of Land Com:issioners within one month after the _erd-_of ea J-1-g lam-ent R?iod- (by---Zanuar 3:I,-April -30, July-31-, an - -- October 31); or -1-