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• <br />• ;, <br />C~ <br />7. Spottswood agrees to provide to Lillylands in addition <br />to the requirements stated under Valuation No. 3.5 <br />Article III of the Coal Leases, the right to at all <br />reasonable times inspect the record s. of all items that <br />determine the cost of coal production, i.e.: labor, <br />taxes equipment, management, repairs, oil, fuel, <br />explosives, contracts, etc. <br />8. Lillylands agrees to transfer to Spottswood, or its <br />designee, any mining permits, licenses, or easements, <br />upon issue by the State of Colorado, or any federal, <br />county or local authority. <br />9. Lillylands and Spottswood agree that the terms of this <br />.Assignment supercede any terms or conditions of the <br />Option Agreement or Agreement which are inconsistent <br />with the terms set forth herein. <br />10. By their signatures below, Mr. Bray and Mr. and Mrs. <br />Davis consent to this Assignment and confirm that the <br />Coal Leases are valid, in full force and effect, and <br />n.o default or event of default has occurred. <br />y <br />Y:itnesseth, our signatures this the ~ y day of October. <br />Lillylands, I/nc. ~~ <br />By y'Sn~l ~C ~~,C.,?c.~~ <br />Its ~~~ <br />Spot oa .Compdny, Inc. <br />I % ~/ <br />Its ~{'r~~rpP,J; <br />William E. Bray~- <br />i~ <br />ri __~ _ <br />Roy M. Davis <br />Betsy Davis <br />G~ <br />3 <br />