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STATE OF COLORADO <br />STATE BOARD OF LAND COMMISSIONERS <br />Department of Natural Resources <br />COAL MINING LEASE NO. CO 3182 <br />FIRST AMENDMENT AND EXTENSION <br />.THIS. FIRST AMENDMENT AND -EXTENSION. TO COAL MINING LEASE CO 3182 <br />(the "Lease"),made in duplicate and entered into effective this 31st day of Marc 2002 , by and <br />between the State of Colorado, .acting, through its STATE BOARD OF LAND <br />COMMISSIONERS, hereinafter referredto as Lessor, and RAG Empire Corporation, P.O. Box <br />68. Craig, CO 8] 626 hereinafter refen•ed,to asLessee: <br />WITNESSETH: Lessor, for and in consideration of the sum of eighteen thousand seven <br />hundred fourteen and no/l00 Dollars- ($] 8-7. 14.00), receipt of which~is hereby acknowledged as <br />payment of filing fee in the amount of $ NA ,fast„yeaz.of this extension's rent in the amount of <br />$ 4 319.00, and-the advance minimum royalty in-the amount of $14.395.00, a bonus in the amount <br />of.$ ~ and m further,. consideration of Lessee's agreement to pay three and no!]00 Dollars <br />($ 3.00 per acre annually as rental in advance of the anniversary date of this First Amendment and <br />Exterision, so long as._tlie Lease shall remain in effect; and in further consideration of the terms, <br />conditions and agreements herein and of the payments of annual r'enfals and royalties reserved <br />herein, fo be. kept and performed by Lessee, its successors and assigns;-does hereby extend the <br />Lease Term `for an .extended term of 10 years. (until Twelve O'clock noon on the 31st day of <br />March, 2012 (hereinafter refeired'to as the "1 ~` Extended Temt'~; and; except as hereinafter stated, <br />as long thereafter as coal is being produced in paying quantities from the ]eased premises, subject <br />to compliance with the royalties, rentals, and other terms, conditions, and agreements of this Lease, <br />as amended. -.-...,. <br />The partiesfurther agree to the following amendmentsto the Lease: <br />1. Applicable for .the 1~` Extended Tenn granted herein, the "reservation" provisions to the <br />leased premises description as set forth on pages 2 and 3 of the Lease. shall be amended in <br />their entirety to read as follows: <br />RESERVING, however, to the-State of Colorado: <br />A. All rights and .privileges of every kind and nature, except as aze herein <br />specifically granted. <br />Page 1 of4 <br />