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ACKNOWLEDGEMENT OF <br />CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE <br />THIS Acknowledgement of "Contract for the Sale and Purchase of Real Estate" is made <br />by THE TOWN OF PALISADE, COLORADO and SNOWCAP COAL COMPANY, <br />INC. as of the 66"4 day of -Aa., J a » , 2016. <br />WHEREAS, The Town of Palisade, Colorado, as Purchaser, and Snowcap Coal <br />Company, Inc., as Seller, entered into that certain Contract for the Sale and Purchase of <br />Real Estate ("Contract") whereby Purchaser agreed to purchase and Seller agreed to sell, <br />on and subject to the terms and conditions set forth in the Contract, that certain tract of <br />real property, along with the improvements and fixtures thereon, (collectively <br />"Property"), as described on Exhibit "A" attached hereto and incorporated herein for all <br />purposes; and <br />WHEREAS, the Property, along with additional property that is not subject to the <br />Contract, is part of a reclamation plan ("Reclamation Plan") that is filed with and <br />approved by the Colorado Division of Reclamation, Mining, and Safety ("DRMS");and <br />WHEREAS, in order to facilitate the sale of the Property, the parties wish to amend the <br />Reclamation Plan; and <br />WHEREAS, in order to approve an amendment to the Reclamation Plan, the DRMS has <br />requested that the parties acknowledge their respective agreements to sell and purchase <br />the Property pursuant to the terms of the Contract. <br />THEREFORE, Purchaser and Seller hereby acknowledge that they entered into the <br />Contract for the sale and purchase of the Property on and subject to the terms stated <br />therein, and that the Contract is in full force and effect as of the date hereof, subject to the <br />written amendments and extensions made by agreement of the parties. <br />PURCHASER: SELLER: <br />THE TOWN OF PALISADE, COLORADO <br />Bye <br />Name <br />Date: I- zz — -Z�( <br />SNOWCAP COAL COMPANY, INC <br />By: I _ �,4 <br />Name: Todd Ireland <br />Manager, Real Estate Asset <br />Title: Management, AEP, Inc. <br />Date: 1- 2-o 1 to <br />PR -6 A15-3-1 New 02/16 <br />