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2011 -10 -25 15:16 <br />ALL RITE 7198451024 » 719 275 8897 <br />i-ld, W. 64 TO >✓ftw <br />Lea%Agreement <br />With option to Buy Material <br />0 01997- "U 'P 2/4 <br />RECEIVED <br />NOV ? R 2012 <br />lW#MVGAN0 4W,- <br />MFETPON <br />This agreement is entered into on this <br />afire day of October, In the year of 2041, by and between <br />the Owners Warren and Patricia L McDonald whose walling address Is; 15403 County Road 44.7 <br />Weston, Colorado 81091 and the Company; All Rite Pawing & Redi Mix, Inc, whose mailing address Is <br />P.O. Box 165 Canon City, Colorado 81215. <br />WITLESS THAT; The 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 />producing, and removing such material located on land described as follows; <br />SEE ATTACHED EXHIBIT "A" <br />s. 2efinmons, <br />a. lease Year shall 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. MaWdals shall mean stone, send 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 to tarot and gravel operations <br />hereunder and which are saleable and recoverable from the Property in the course <br />of such operations. <br />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 Materiais from the Property, including washing of rand 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 />?Wlshall 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, ISM The Term of this lease shall be an initial period of ten years commencing on the <br />day of _ . 2011(ierm"). So long as the Company is not in default <br />hereunder, the Comparry may obtain a five (S) year extension of the Tenn after the end 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 />