UNITED STATES
<br />DEPARTMENT OF THE INTERIOR Serial No.: C-8425
<br />BUREAU OF LAND MANAGEMENT Date of Lease: June 1. 1982
<br />MODIFIED COAL LEASE
<br />PART I.
<br />THIS MODIFIED COAL LEASE is entered into on j 2U by and between the UNITED STATES OF
<br />AMERICA, hereinafter called the Lessor, through the Bureau of Land Management, and
<br />Blue Mountain Energy, Inc.
<br />10714 So. Jordan Gateway, #300
<br />South Jordan, Utah 84095
<br />hereinafter tailed Lessee.
<br />This modified lease shall retain the effective date June 1, 1982, of the original COAL LEASE C -8425, and is effective for a period of
<br />20 years therefrom, and for so long thereafter as coal is produced is commercial quantities from the leased lands, subject to
<br />readjustment of lease terms at the end of the 20th lease year (June 1, 2002), and each 10 -year period thereafter.
<br />Sec. 1. This lease is issued pursuant and subject to the terms and provisions of the Mineral Lands Leasing Act of 1920, as amended,
<br />41 Stat. 437, 30 U.S.C. 181 -287, hereinafter referred to as the Act; and to the regulations and formal orders of the Secretary of the Interior
<br />which are now or hereafter in force, when not inconsistent with the express and specific provisions herein.
<br />Sec. 2. Lessee as the holder of Coal Lease C -8425, issued effective June 1, 1982, was granted the exclusive right and privilege to drill
<br />for, mine, extract, remove or otherwise process and dispose of the coal deposits in, upon, or under the lands described below as
<br />•Tract 1.
<br />The Lessor in consideration of fair market value, rents and royalties to be paid, and the conditions and covenants to be observed as
<br />herein set forth, hereby grants and leases to lessee the exclusive right and privilege to drill for, mine, extract, remove, or otherwise
<br />process and dispose of the coal deposits in the B and D seams in the lands described below as Tract 2.
<br />Original Lease
<br />Tract 1: T. 3 N., R. 101 W., 6t° P.M.
<br />sec. 28, S'tiSWt/4;
<br />sec. 33, MW4, Sz/zNE' /s, SE' /,NWT /4, NE' /4SW' /4, and MiSE' /a;
<br />sec. 34. Nl/zSW' /4. -
<br />560 acres, Rio Blanco County, Colorado.
<br />Modification
<br />Tract 2: T. 3. N., R. 101 W., 6th P.M.
<br />sec. 28, MhSW' /4, and SIVzSE' /s. --
<br />160.00 acres, Rio Blanco County. Colorado
<br />Containing 720.00 acres, more or less, together with the right to construct such works, buildings, plants, structures, equipment and
<br />appliances and the right to use such on -lease rights -of -way which may be necessary and convenient in the exercise of the rights and
<br />privileges granted, subject to the conditions herein provided.
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<br />Permit Revision #5 (2/2005)
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