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<br />UNITED STATES
<br />DEPARTMENT OF THE INTERIOR
<br />BUREAU OF LAND MANAGEMENT
<br />COAL EXPLORATION LICENSE
<br />Serial Number COC76563
<br />Issue Date: SEP 13 20%
<br />Expiration Date: SEP 13 2018
<br />This license, entered into on, SEP 13 2016 by the United States of America, the licensor, through the
<br />Bureau of Land Management (BLM), and
<br />GCC Energy, LLC
<br />6473 County Road 120
<br />Hesperus, CO 81326
<br />the licensee, is hereby issued under the Mineral Leasing Act of 1920, as amended (30 U.S.C. section 181
<br />et seg. and is subject to all applicable Federal, State, and local laws and regulations, including Title 43,
<br />Code of Federal Regulations (CFR), Part 3400.
<br />Sec. 1. RIGHTS UNDER LICENSE --This license confers the right to perform exploration operations in
<br />accordance with the terms and conditions of this license, the approved exploration plan, and applicable
<br />regulations in the following -described lands situated in the State of Colorado:
<br />New Mexico Principal Meridian, Colorado
<br />T. 35 N., R. 11 W.,
<br />sec. 17, lot 2, lots 5 thru 10, and NI/2SWI/a;
<br />sec. 18, lots l thru 10, NEI/a, E�/aNW'/a, NEI/4SWI/a, and N%2SEr/a;
<br />sea 19, lots 1, 2, 6, and 7, NEIA, and E'/2NWI/a;
<br />" ,
<br />sec. 20, NW'/;
<br />�-' CD
<br />sec. 30, lots 1 thru 4, NWIANE%, and EI/2NWI/a.
<br />U71
<br />fi
<br />T. 35 N., R. 12 W.,
<br />sec. 13, NI/2NE'/a, EViNWIA, SWI/4NWI/a, S'hSWI/a, NEIASE'/a, and S'/iSEI/a;
<br />sec. 14, S%2NEIA, SWIA, W'hSEI/a, and SEI/SEI/a;
<br />sec. 15, S'h;
<br />sec. 21, EIh, EV2NWI/a, and E'hSWI/a;
<br />sec. 22, NIh, SWIA, and WV2SEI/a;
<br />sec. 23, N'hNEI/a, NVAM11a, SEI/4NE'/a, SEI/4SW'/a, and SETA;
<br />sec. 24, NIh, SWIA, and NWI/4SEI/a;
<br />sec. 25, lots 3 thru 6.
<br />These lands contain 4,846.200 acres, more or less.
<br />This license is issued for a period of two years and shall confer no right to a lease. It shall not be extended;
<br />however, the licensee may apply for a new exploration license to be issued simultaneously with the
<br />expiration of this license.
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