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<br /> <br />ASSIGNMENT <br />GENERAL EXPLORATION COMPANY, GEX COLORADO, INC. <br />and CAMEO LAND COMPANY, "Assignors," for value received, assign <br />and transfer to POWDERHORN PROPERTIES COMPANY, a Colorado general <br />partnership, "Assignee," all of the Assignor's right, title and <br />interests of every kind whatsoever, in and to the instrument <br />entitled Coal Mining Agreement dated April 23, 1981 between Pitkin <br />Iron Corporation and Pico Coal Company, a partnership, and the <br />Assignors, which Coal Mining Agreement relates to the Cameo B <br />seam underlying the following described real estate located in <br />Mesa County, Colorado: <br />Tract 1 - Pitkin Iron Corporation Lease Tract <br />Township 11 South, Ranee 96 West, 6th P.M. <br />Section 2: Eastern 650 feet of Lot 1 <br />Section 1: Western 900 feet of Lot 2 (approx.) <br />Tract 2 - Pico Coal Company Tract <br />Township 11 South, Range 98 West, 6th P.M. <br />Section 2: Eastern 650 feet of Lot 9 <br />Section 1: Lot 2, except the Western 900 <br />feet (approx.) <br />Lot 3: All and Lot 1: All <br />Assignors warrant and represent that all obligations <br />of General Exploration Company, GEX Colorado, Inc. and Cameo <br />Land Company under the Coal Mining Agreement as of the date <br />of this Assignment had in fact been performed according to the <br />terms and conditions of the Coal Mining Agreement and that such <br />agreement as of the date of this instrument, was in full force <br />and effect. <br />