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<br />SiiBi,E.4SE AGREEMENT <br />This agreement dated May .1~~ 1984 is between Arness-UlcGriffin Coal Company, <br />a Colorado corporation, (herein called "Arness") and Durango Coal Company, a Utah <br />corporation (herein called "Durango"). <br />Arness is the owner of the rights set forth on Exhibit A hereto (herein the <br />"Property"). <br />Durango desires to develop coal deposits which lie in and under the land described <br />in the leases and subleases on Exhibit A and to develop any oil and gas and other <br />mineral rights contained in such leases. Arness and Durango desire that the Property <br />be ]eased and subleased from Arness to Durango and wish to provide for the terms and <br />• conditions of the future operations of the parties with respect to the development of <br />the Property. <br />Accordingly, in consideration of the mutual covenants and agreements contained <br />herein, the parties agree as follows: <br />ARTICLE I <br />GRANT OF LEASE AND SUBLEASE <br />i.l Grant. For and in consideration of the covenants and agreements herein <br />contained, Arness does hereby grant, demise, lease, sublease and sublet exclusively unto <br />Durango, its successors and assigns, all of its right, title and interest in and to the <br />Property, including without limitation by enumeration such rights as Arness may have <br />under the leases and subleases to enter upon the lands for the purpose of exploring <br />for, developing, mining, treating, extracting, milling, storing, shipping, removing and <br />• <br />