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87-104613 (2) First Party may utilize its property for business related entertainment. (3) First Party may locate on the property such necessary construction equipment that would utilize the gravel and other materials pumped and stored from the area owned by First Party west of the existing lake in Section Six (6) above described, until no gravel is available from such premises to supply the construction equipment, provided, however, First Party shall locate any equipment as far west of said described lake and as close to the Alda road running on the west side of Section Six (6) above described as is reasonably possible. G. First Party agrees not to purchase or lease any other lands in Section Six (6) above described for the purpose of pumping or mining gravel, but this restriction does not preclude the pumping and mining of that portion of the South Half (Sh) of Section Six (6) above described lying north of the south channel of the Platte River presently owned by First Party. H. Any platting or subdivision of any of the described property on the south side of the above described lake located in the South Half (Sh) of Section Six (6) Shall be restricted to lots platted no smaller in size than one and one -half acres. 2. Second Party agrees not to object to First Party's development of the property described herein and subject to these covenants, conditions and restrictions, so long as the same are observed and adhered to by First Party. 3. It is agreed by the parties that the covenants, conditions and restrictions as herein contained are permanent and perpetual and shall run with the land, shall be binding upon the parties hereto and all persons or corporations hereafter acquiring any property or lots located in Section Six (6) now owned or later acquired by First Party as set forth above. 4. The parties agree that these covenants, conditions and restrictions shall bind the First Party, its shareholders, officers and directors, as well as its - 3 - in a