AMENDMENT TO DECORATIVE ROCK LEASE AGREEMENT
Exhibit 10.18
AMENDMENT TO DECORATIVE ROCK LEASE AGREEMENT
This amendment to the decorative rock lease agreement is made and entered into as of the
30th day of April, 2007, by and between the Xxxxx Family Trust (the “Lessor”), and Ready
Mix, Inc., a Nevada Corporation (the “Lessee”).
Except as noted below, the original Decorative Rock Lease Agreement entered into on the
1st day of April, 2001, shall remain unchanged.
ARTICLE 1.2 Term of Lease. The term of this lease shall be for one year, commencing on May
1, 2007 (the “Effective Date”), and terminating on April 30, 2008, subject to the option to extend
set forth in Section 11.1, and also subject to earlier termination, as set forth in Section 1.3 and
Section 12.2.
ARTICLE 3.1 Amount of Royalties. Lessee shall pay to Lessor a royalty, as provided in this
Section, for all pink, red and gold landscape rock and fines (“material”) removed from the
Premises. The amount of material removed shall be determined from the weight of the material loaded
into trucks leaving the Premises. All material so removed shall be weighed over scales provided and
operated by Lessee. During the year May 1, 2007, to April 30, 2008, the royalties shall be $5.00
per ton for the landscape rock and $3.00 per ton for the landscape fines, and during each
subsequent year the royalties shall be increased by an amount to be determined by the sand and
gravel index published by the US Department of Commerce. The term “year”, as used herein means a
period of twelve months commencing with the Effective Date of this Lease and each twelve-month
period commencing on the anniversary of the Effective Date.
IN WITNESS WHEREOF, Lessor and Lessee have executed this Lease Amendment as of the day and year
first above written.
LESSOR: | THE XXXXX FAMILY TRUST | |||||
BY: | ||||||
Xxxxxxxx Xxxxx, Trustee | ||||||
LESSEE: | READY MIX, INC., a Nevada Corporation | |||||
BY: | ||||||
Xxxxxx Xxxxxx, President |