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I
<br />diTED STATES OF AFiH rdCA
<br />i51GNMENT APPROV: D EFFcCTIVE ~-,
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<br />~_. ~; ASSIGId4ENT OF UNITED STATES
<br />,~, ~ -'~:. COAL LEASE
<br />SERIAL N0. C-0725516
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<br />For and in consideration of the :sum of Ten'Dallars (~y10.00) and other valuable
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<br />consideration, the receipt and sufficiency whereof is hereby acknowledged, the
<br />undersigned INDUSTRIAL ASSETS, INCe; hereinafter called "Assignor", as owner of
<br />all the record title to U.S. Coa1;1~.ease Serial No. C-07255T6 dated May 1, 1968,
<br />covering the following describedland in;Garfield County, Colorado:
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<br />Township 8 South, Range 102 West, 6th P.M.
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<br />Section 2i(,All, (Lots 5-33 inclusive, S>sSW>i,
<br />Section 3:"'.Lots 5-20 inclusive, Sy (all)
<br />Section 4:.'r;Lots 5-15 inclusive, 18, 19, 20,
<br />. Section lOf ~~~7~NW~s''
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<br />containing 2522.72 acres "of land;?'more or .less, hereinafter together called the
<br />"leased premises", does hereby se~l; assign, transfer, set over and convey unto
<br />SNERIDAN ENTERPRISES, INC., a California corporation, with.its~principal office
<br />UNITED STATES )
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<br />DEPARTMENT OF THE INTERIOR )
<br />BUREAU OF LAND MAIIAGEMENT )
<br />at 8301 East Prentice Avenue, En~l~wood,,Golorado, hereinafter called "Assignee",
<br />its successors or assigns, a11,of,~;Assignor's right, title and interest in and
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<br />to said U.S. Coal Lease. - '4 r''r~
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<br />For the same consideration Assignor!covenants.and agrees with Assignee, its
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<br />successors or assigns as follows::.-;:
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<br />1. That Assignor is the .lawful~gwner of and has good title to the interest being
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<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 th
<br />all conditions necessary to
<br />been duly performed.
<br />2. Commencing with coal
<br />side ration for this ass
<br />assigns, an overriding royal
<br />price at point of sale of-ed
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<br />dil rentals due thereunder have been paid and
<br />erp the,,iaid lease in full force and effect have
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<br />~on May 1~, 1988, Assignor, as part of the con-
<br />,'~reserves unto itself, its successors and
<br />,~.equal~to the lesser of 1$>; of the gross sales
<br />short ton of coal mined and sold from the
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