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611Y c o` <br />Lease Agreement <br />With option to Buy Material <br />This ement is entered into on this <br />� .._, day of October, in the year of 2011, by and between <br />the Owners Warren and Patricia 1. McDonald whose mailing address Is; 15403 County Road 41.7 <br />Weston, Colorado 81091 and the Company; All Rite Paving & Redi Mix, Inc. whose mailing address is <br />P.O. Box 165 Canon City, Colorado 81215. <br />RECEIVED <br />Nov ? R 2012 <br />WING AND s 811 <br />WITNESS THAT; Tice owners for the consideration of ONE HUNDRED dollars ($100.00) and further <br />agreement hereby leases to the Company an exclusive option for the purpose of purchasing, processing, <br />produdng, and removing such material located on land described as follows; <br />SEE ATTACHED EXHIBIT "A" <br />1. Definitions <br />a. tease year shati mean a period of one year beginning on the date the Term of the <br />Lease commences, as set forth in Section 2, below, or on any annual anniversary <br />thereof. <br />b. Mated* shall mean stone, sand and gravel and any overburden and valuable solid <br />minerals, other than hydrocarbon minerals such as coal, oil, and gas and associated <br />liquid hydrocarbons, that are removed incident td sand and gravel operations <br />hereunder and which are saleable and recoverable from the Property in the course <br />of such operations, <br />c, Net Sales Ton shall mean 2000 pounds of Materials from the Property actually sold <br />or used in products that are sold, measured o weighted after any processing of such <br />Materials, Processing of Materials from the Property, including washing of sand and <br />gravel, removes a portion of the total pit run Materials mined from the Property, <br />which Materials are not salable and not subject to payment of Sales Royalty, <br />fteshail mean a portable and /or fixed facility for processing, storing, washing, sorting, handling <br />loading and shipping of Materials, along with ancillary facilities, and shall also mean a concrete or <br />asphalt batch plant. <br />2, Itum, The Term of this Lease shall be an initial period of ten years commencing on the <br />day of , 2011 More). So long as the Company is not in default <br />hereunder, the Company may obtain a fire (5) year extension of the Term after the and of <br />the initial Term by written notice to Lessor at least thirty (30) days prior to the end of the <br />Initial Term and payment of the sum of $0. <br />1 <br />