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:.~ <br />:t&,: ,~ <br />.~ r u,~... v ar,.. ~.a. <br />COOL MINING LEASE <br />TFIIS COA1. M1NING LEASE (herein the 'Lease'), entered into effective <br />,.~;_-~"lam' ~_ ~ _, ]990, hetw•een W. D. E~4TNG, JR., of 316 Scenic Avenue, Piedmont, <br />California 94611 as Co-Successor Truster, and THE FIRST INT-ERSTATE BANK OF <br />DENVER. N.A., f/k/a THE FIRST NATIONAL BANK OF DENVER, a National <br />Banking Association u(631 17th Street, Denver, Colorado 8027U,as Co-Successor Trustee, <br />of the w'. D. EWiNG TRl!ST dated Julv 29, 1965 Lessors, and OAI{RIDGE ENERGY, <br />INC . a lRah corporation, as Lessee. <br />1. Crane. in consideration of the concurrent purchase by the LeSCPC from the <br />I Guars n' the entire surface estate and certain fractional interests in the mineral estate <br />i•i ~hc I:.r,ds dctir.ed hereinafter as the 'Leased Premises,' and for other good and valuable <br />consideration, including the prnducuon royalties and commitments herein agreed to be <br />paid and p_r(ornted by Lessee. Lessors hereby grant and lease to Ixssce an undivided <br />one-fourth (l~~i irttcrest in and to all coal in, upon or ~nderlyine the lands described <br />hclow lckated in La Piala County, Colorado. to-wil: <br />TOWNS}fIP .?~ NURI-!i. RANGE 9 WEST. N.A1,P.Af.,La Plata Coun <br />S ~ r?4s~: <br />Sc~t~on 5: All of the SLi,'4NE1/4 lying and neino Fast of the centerline <br />of the Animas River. <br />I.FSS AND EXCEPT tracts described in Deeds to the Stale of <br />~ c.'olorado Department of Highways recorded Septemter ?0, 1977 as <br />Reception Nos. 413397, 413398 and 413399. <br />,1LS0 LFSS AND EXCEPT old U.S. Highway No. 550-150. <br />S?etion s: All of the NWI/45w1/4 lying Easterl~ of U.S. Highway 550- <br />160 <br />LESS AND EXCEPT tracts described in Deeds (rum W'. D. Ewing <br />to Ct. F. Hamilton recorded February 2;~, 1966 in Book 498 at Pagc <br />I'.5, to Homer E. Root and Wilma Ruot recorded September 30, <br />Iy57 in Book 382 at Page 49, to Betty Thomas Toulouse rcccrded <br />laly 31, 1958 in Book 393 at Page 114 and to La Plata Eltxtr;,. <br />Ass<kiation recorded March ?0, 1960 in Book 421 at Page 121 <br />thrrcinaticr the 'Leased Precuscs'L together with the right to explore (or, nine (by open <br />1`"^ <br />