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~rt~ <br />Fwm 3130-1 <br />. -' (f3crober 1967) <br />UNITED STATES <br />DEPARTMENT OF THE INTERIOR <br />BUREAU OF LAND MANAGEMENT <br />COAL LEASE <br />Lend Offitt Serial Number <br />C-0125516 <br />This lease, entered into on A1AY 1 1968 <br />through the Bureau of Lend Management, and <br />, by the United States of America, the lessor, <br />Induetsfal Resourceea Ina. <br />P. 0. Box 1008 <br />Clentmod Springer Colorado 81601 <br />,the lessee, <br />pursuant and subject to the terms and provisions o[ the aM M February 25, 1920 (41 Stet. 437), as amended, herein- <br />after referred to es the act, and to a!I reasonable regulations o[ the Secretary of the Interior now or hereafter in force <br />which ere made a pert hereof, <br />IPITNE$SETH: <br />Sec, 1. Rigbtz o/ Lessre. The lessor, in Consideration of the rents and royalties to be paid errd the conditions to be <br />observed es hereinafter set forth does hereby grant and (ease to the lessee the exclusive right and privilege to mine <br />and dispose of ell the coal in the following-described tracts M lend, situated in the State M Colorado. <br />r. g s., R. 102 p.. 6t6 Y.M. <br />Sea. 2: All (Coto 5-33 Lnel.r <br /> <br />See. 3: Lots 5-20 Lnel.a <br /> Sad (dl) . <br />Sec.' 4: Cote 5-15 inel.a 18a <br /> 19a 20a N~SIS}t SE}s8li <br />See. 10: tis.NN~ <br /> <br />containing 2522.)2 acres, more or less, together aith the right to Construct all such works, buildings, plants, <br />structures, end appliances as may be necessary end convenient fw the mining and preparation of the coal [or market, <br />the manufaduro M coke or other products of coal, the housing and welfare of employtts, end subJect to the conditions <br />herein provided, to use so much of the surface as may reasonably be required in the exercise of the rights end privi- <br />leges herein granted. <br />Sac. 2, la <onsideralien o[ the foregoing, the lessee <br />hereby agrees: <br />(a) Bond. To maintain the band furnished upon <br />the issuance of this lease, which band is conditioned <br />upon compliance with ell the provisions of the lease, <br />and to increase the amount w furnish such other bond <br />as may be required. <br />(6J Rents(. To pay the lessor annually, In ad- <br />vance, for each acre or fraction thereof covered by this <br />lease, beginning with the dale hereof, the following <br />rcnlals: 25 cents for the tirsl year, SO cents for the <br />second, third, fourth, end fifth years, respectively; end <br />SI (w the sixth end each succeeding year during the <br />continuenee of the lease, such rental (or any year to 6e <br />credited against the first royalties as they accrue under <br />the lease during the year for which the rental was paid. <br />(cl Roya((y. To pay the lessor a royalty of ' <br />cents on every ton of 2,000 pounds of coal mined doting <br />the first 20 years succeeding the execution of this <br />30 days from the expiretion of the quarter in which the <br />coal is mined. See addLtlotal loyalty on <br />reverse aide. <br />(d) Minimum production. Beginning with the sixth <br />year o[ the lease, except when open[ions are inter- <br />rupted by_, strikes ~.211e_elements,.-or easualtiea~~~not-~- <br />atlrihutable to the lessee, or unless on application and <br />showing made, operations shall he suspended when <br />~merkel conditions are such that the lessee cannot op- <br />erate except at a lase or suspended for the other <br />reasons specified In section 39 of the set, to mine coal <br />each year and pay a royalty tfiercon to a value of S1 pea <br />acre or fraction thereof. Operations under this lease <br />shell be continuous except in cucumslantes described <br />er unless the lessee shall pay s royalty, less rent, on <br />such minimum amount o[ /he leased deposits, for one <br />year In advenee, in which case operations may be <br />suspended for that year. <br />(eJ Payments. To make renlel payments to the <br />manager of the appropriate lend office, ercrpt that <br />