2013-07-26_PERMIT FILE - M2012052 (5)

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LEASE OPTION AGREEMENT This lease agreement is made and entered into this ls` day of April, 2013 by and between Robert M. Denis and Verna A. Bauserman, hereinafter referred to as "Landlord" or "Seller ", and Murphy Mining and Exploration, LLC, hereinafter referred to as "Tenant" or "Purchaser ". In consideration of the covenants and agreements hereinafter contained, to be kept and performed by the respective parties, the Landlord /Seller does hereby grant to the Tenant/Purehdser a Lease with an Option to Purchase on the following described property: Legal Description: 18 -15 -69 8068 PT ELDORADO LYING N OF THE MARY A MS More commonly known as El Dorado. Teller County, Colorado Assessor Account Number: N0038630 LEASE I . This lease shall commence on the 1st day of April, 2013 and continue for a period of eight (8) months thereafter, expiring on the 31 st day of December, 2013. 2. The Tenant agrees to pay the Landlord as rent of the demised premises the sum of $250.00 per month, in advance throughout the term of this lease. Additionally, the Tenant shall pay as additional rent the sum of the 2012 taxes paid to the Teller County Treasurer in the amount of $139.96. This additional rent shall be paid with the first monthly rent payment and the total amount of $389.96 shall be due on or before April 15, 2013. All rent payments thereafter shall be due on the first of each month. The monthly rent payments shall be mailed or otherwise delivered to the Landlord at 1201 Doyle Place, Colorado Springs, CO 80915 or such other location as the Landlord directs. Funds may be sent to 5 Star Bank Direct Deposit: Account Number: 0201029576 Routing Number: 307087713. 3. In the event that the purchase of the property under this Lease Option Agreement is not completed by the expiration of the Lease the parties to this Lease Option Agreement may elect to execute a new Agreement. 4. The Tenant hereby acknowledges that they have received the above described premises, and the personal property located therein as hereinabove described, if any, in good order and repair, and will, at the expiration of the term of this lease, surrender and deliver up possession of said premises in as good order and repair as the same are at this date, ordinary wear and tear exceptcd. The Tenant further agrees to maintain the premises in a clean and sanitary condition, and guarantees to the Landlord the surrender of said premises in good order and repair at the expiration of the term of this lease.