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18/09 '09 YEN 11:86 FAX 418 892 2420 CARRIEW POLYCOR INC <br />I.$ <br />activities, means, systems and techniques typical and appurtenant thereto in accordance with <br />good, minerlike operations; <br />1.9 Operating Face: The area, areas or Sections of the Property from which Dimension Marble <br />and Waste Marble, are obtained and <br />Pfd; <br />1.10 Permits: Each, every and afI permit, consent, <br />other document or instrument of approval ��iauce, approval, license, celtiS�eatian ox <br />having jurisdiction, whether each, ovary and all governmental agency ' fed ' state or local, necessary for the open on the <br />Property of a Marble <br />1.11 Pe mitted Use: The use to which Property may be pat <br />means use for the purpose of the conduct of a Marble � hereunder and speggcally <br />1.12 Production Royalty: The amoumt to be aid by Silted anal . initial L. it) P Y Lessee to Lessor fax(eaaibio'iat �f i <br />Y K. P� cubic toot; <br />1.13 Property: Being all and the same described on Schedule A attached hereto; <br />0 1.14 Renewal Term: The tenn of thirty five ( s <br />� <br />•coraumencing Amery 1, 2035; years, if Lessee exercises its right to renew, <br />1.15 Space Quarried: The volume of space from which Dimension <br />obtained and produced on the Property; Marble and Waste Marble era <br />1.16 &ale Mailde;) Marble obtained and produced d <br />Aiaaerrsion Marble and during the mining and production of <br />g the course thereof *fin eXCesa oftwo 1uiwdred:percent..) <br />( o#' the.volume.ofBlooles Saved;) . <br />1.17 C.WssteRnyaltY': The amount to be aid b <br />Waste Marble and initiafl p y Lessee to Lessor per shoat ton (2,000 pounds) of <br />Y, t$U35•�ox tea. <br />ARTICLE 2: LEASE <br />2.1 Leasehold Grant. Lessor shall and does hereby lease and demise unto Lessee the Property as <br />hereinafter provided. <br />2.2 Tim.. The Initial Term ofthe lease commences <br />on April 26, 2004, and continues to sad <br />until December 31, 2034. <br />Provided lessee shall not be in default as set forth in ,Miele 8, <br />Lessee shall have die right to renew the lease ofthe Pte <br />ive (35) yes provided that Lessee shall have given the Vis written °` of thirty <br />desire to renew at least six (6) months woe ;fits whereupon <br />Arica. to the expiration ;foie Initial Test whereupon <br />!� 008 <br />Minimum Royalty: The amount of Ten Thousand Dollars ($10,000) to be paid by Lessee to <br />quarter eme�nt ofthe Initial Term and then on the fist day of each <br />during the Initial Team. 4.fft4iyg : 1 2 calendar Royalty shall <br />be 'eased to Twenty Thousand Dollars ($20,000) per calendar q mtamc�ystl shall <br />