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<br /> <br />~K PG <br />755 641 <br />derived from operations under tree ter-'•s of this Lease, and each <br />pasty shall nay its oa'n 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 Z2ase prior to the <br />actual levying or pagmens of those taxes_ Lessee shall furnish <br />Lessor with a cony of all paid tax receipts_ <br />14_ Zessea w-i11 Keep ?,error reasonably informed of <br />Lessee's operations :.rich respect to the Leased Premises, Upon i0 <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 Denver, Colorado_ <br />Lessee shall provide Lessor with copies of any such data <br />requested by hessor. Lessor will keep all such data confidential <br />during the term of this Lease. upon termination of this Lease, <br />Lessee will deliver to Lessor copies of all data requested by <br />Lessor which is i.n the possession of Lessee and which relates t.o <br />the Leased Premises, and Lessor's confidentiality obligations <br />will terninate_ <br />15_ Any notice, request or other information required <br />or permitted to be given or made under Canis pease 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 United States mail 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 canned States mails. ror pai<s-posas hereof the proper <br />address of t_he parties shall be as follows: <br />Mountain Coal company <br />west Elk Mire <br />P_O_ Box 591 <br />Somerset, CO 82m34 <br />Attention: President <br />Mount Gunnison klnel Comaany <br />6160 South Monaco Way <br />Englewood, c0 80111 <br />attention: Mr_ Timotiay M_ O'Connor <br />16. ~_•nis Lease shall be binding upon and shall enure to <br />tho benefit o£ tea parc.aes hereto an3 their respective successors <br />and assigns, but r_o change in -tae o-anership of t2ae Coal Rights <br />nor the royalties payable here•.under shall be binding anon Lessee <br />until 60 days antes such time as Lease=_ shall have been furnished <br />-7- <br />