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<br />• A88IGNMENT ,
<br />D!.i' ,,
<br />~i , ,
<br />viii ; ~:
<br />In consideration of the amount of Ten Dollars ($10) and for
<br />other good and valuable consideration the 7ec~~p~)o~~vl~)ich is
<br />hereby acknowledged, RESERVE COAL PROPERTIES COMPANY,
<br />(*"Assignor"), a Delaware corporation, having its principal
<br />office at 1800 Washington Road, Pittsburgh, PA 15241, hereby
<br />grants and assigns to COLOWYO COAL COMPANY, a Delaware general
<br />partnership ("Assignee"), having its principal office at 5731
<br />State Highway 13, Meeker, CO 81641, all of Assignor's right,
<br />title and interest in that certain Federal coal mining lease
<br />described as follows:
<br />Effective
<br />Serial No. Land Description Date
<br />• C-29226 T. 3N., R. 93 W., 6th P.M. April 1, 1983
<br />sec. 19, lots 1 to 3,
<br />inclusive, E _, and EiW Z;
<br />sec. 20, lot 1, N2, SW;, N=SE ;;
<br />and SW;SE;;
<br />sec. 21, lots 1, 3, 5 to 8,
<br />inclusive, and 10, N=, NsSW;,
<br />and NW ;SE ;;
<br />sec. 28, lots 4 to 8, inclusive,
<br />12, 13, and 15;
<br />sec. 29, lots 2, 3 and 5;
<br />in Rio Blanco County, Colorado
<br />Containing 1,894.06 acres, more or less, excepting and
<br />reserving, however, unto Assignor an overriding production
<br />royalty of 3.0 percent or the maximum overriding royalty
<br />allowable by applicable regulations, whichever is less, on the
<br />value of coal produced from the lease. The method of calculating
<br />and the schedule for paying royalty payments to Assignor shall be
<br />• the same as the method and schedule for calculating and paying
<br />federal royalties under the lease, as determined by the terms of
<br />the lease and the applicable regulations as it or they may be
<br />amended from time to time, provided that, in determining the
<br />value of the coal for the purpose of calculating t_he royalty
<br />reserved to Assignor, black lung taxes, severance taxes,
<br />reclamation fees and any other fees and taxes which are now or
<br />may hereafter be imposed on coal production shall be deducted,
<br />~` and the federal royalty shall not be deducted. Assignor will not
<br />be paid an advance royalty. Assignee and its successors and
<br />UNITED STATE8O-A1NER1CtN MAR 11993
<br />AtiB~QMMENTAPPiiOVED EFPECIIYE.....--~~~...
<br />~ ~ ~, '~ctln~-
<br />Statg Director
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