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<br />EY. GG <br />705 641 <br />derived from operations under the terms of this Lease, and each <br />party shall pay its own income taxes. Lessee shall be obligated <br />to pay the taxes based upon production or operations hereunder <br />for the last year or portion of a year in which this Lease is in <br />effect, notwithstanding termination of this Lease prior to the <br />actual levying or payment of those taxes. Lessee shall furnish <br />Lessor with a copy of all paid tax receipts. <br />14. Lessee will keep Lessor reasonably informed of <br />Lessee's operations with respect to the Leased Premises. IIpon 10 <br />days' prior notice from Lessor to Lessee, coal quality data and <br />general reserve data relating to the Leased Premises will be made <br />available for joint review by Lessor and Lessee at either of the <br />following locations, as requested by Lessor: (a) the West Elk <br />Mine offices, or (b) Lessee's offices in Inver, Colorado. <br />Lessee shall provide Lessor with copies of any such data <br />requested by Lessor. Lessor will keep all such data confidential <br />during the term of this Lease. IIpon termination of this Lease, <br />Lessee will deliver to Lessor copies of all data requested by <br />Lessor which is in the possession of Lessee and which relates to <br />the Leased Premises, and Lessor's confidentiality obligations <br />will tersainate_ <br />15. Any notice, request or other information required <br />or permitted to be given or made under this Lease shall be in <br />writing and shall be deemed to have been properly given or <br />delivered to a party when delivered personally to any officer or <br />director of that party, or when sent by IInited States nail with <br />proper postage or charges prepaid and properly addressed to the <br />party for whom intended. Any such notice or other communication <br />sent or mailed shall be deemed given at the time it is deposited <br />in the United states mails. For purposes hereof the proper <br />address of the parties shall be as follows: <br />Mountain Coal Company <br />West Elk 23ine <br />P.O. Box 591 <br />Somerset, CO 81434 <br />Attention: President <br />Mount Gunnison Fuel Company <br />6160 South Monaco Way <br />Englewood, CO 80111 <br />Attention: Mr_ Timotiay M_ O'Connor <br />16. This Lease shall be binding upon and shall enure to <br />the benefit of tha parties hereto and their respective successors <br />and assigns, but no change in the o-,~mersbip of the Coal Rights <br />nor the royalties payable hereunder shall be binding upon Lessee <br />until 60 days after such time as Lessee shall have been furnished <br />-7- <br />