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<br />II'~7 STATES OF AME'ri:CA ~ '~ ""~~ _ '
<br />5 ~'MENT APPROVED EFF'ECTIVF ~)AL_1, 19711 ~'"i~' ~~ '~~ .
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<br />Ir,nch a Adlnfiauw .
<br />UNITED STATES ~.) ~s..; ~,; •ASSIGNMENi OF UNITED STATES
<br />~~ ) ~'. ~ COAL LEASE
<br />DEPARTMENT OF THE INTERIOR ) {' 'SERIA 0 C 0125515
<br />BUREAU OF LAND MRNAGEMENT. )'
<br />For and in consideration..of the
<br />consideration, the receipt-and s
<br />undersigned INDUSTRIAL ASSETS, INC
<br />all the record title to U. S. Coal ••
<br />covering the following described l
<br />Towrish~jp 7!
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<br />Section 27:
<br />Section 28:
<br />Sectidn 33:
<br />Section 34 i.
<br />containing 2559.98 acres of land,
<br />"leased premises", does hereby se
<br />SHERIDAN ENTERPRISES, INC.; a Cal
<br />at 8301 East Prentice Avenue, Eng
<br />its successors or assigns ;'all of
<br />,.;
<br />to said 0.S. Coal Lease'., ' .
<br />,, ;i ~,;,
<br />li'i%• ~..I~~''j,,''
<br />~~of Ten Dollars
<br />($10.00) and other valuable
<br />iciency whereof is hereby acknowledged, the
<br />,,.
<br />'hereihafter called "Assignor", as owner of
<br />aase:Serial No. C-0125515 dated May 1, 1968,
<br />id in•~,Gprfield Lounty, Colorado:
<br />1;~ .j:'.
<br />~h, Range 102 Nest, 6th P.F1.
<br />a] (Lots ,l-5 inc]usive, ES,NW;,
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<br />'reor~less, hereinafter together called the
<br />.. ~trt,
<br /><assi~gn, transfer, set over and convey unto
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<br />rnia~corporation, with its principal office
<br />dod;:,'"Colorado, hereinafter called "Assignee",
<br />signor's right, title and interest in and
<br />For the same consideration Assignor 'covenants and agrees with Assignee, its
<br />"cR;;,, '
<br />successors or assigns as followsc+:h[•~F,!
<br />r~, 1. That Assignor is the lawful owner of and has good title to the interest being
<br />assigned hereunder, free and clear of: all liens, encumbrances, and conflicting
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<br />claims; that the said lease is'a valid and subsisting lease covering all
<br />above described land and that
<br />all conditions necessary to k
<br />entals due thereunder_har~e been paid and
<br />,. ~Iy';..; -
<br />e'f?said lease in full force and effect have
<br />been duly performed.
<br />2. Commencing with coal producer
<br />sideration for this assignment;`';-'i
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<br />assigns, an overriding royalty!'ec
<br />i~;:.
<br />price at point of sale of eachy4~f
<br />leased lands, or the'dJe rridinqa7'"~r
<br />'h
<br />'ay~~,l.; 1988, Assignor, as part of the con-
<br />serves unto itself, its successors and
<br />al to 'the lesser of 1;% of the gross sales
<br />r t'~ton of. coal mined and sold from the
<br />yal>`y then permitted to be charged under
<br />
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