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stn tiro lead S'fATE Of COLORADO
<br />Ian mz am. vase
<br />STATE OOARD OP LAND COAfAIISSIONERS
<br />COAL MINING LEASE NO. was/17-s
<br />15EULD IN LIEU OF G%TGNS ION OF CML MINING LEASE t.'0. 465/17-5.
<br />Conuining 600.00 acres, more or less: 1eW Punt: ScLool
<br />THIS COAL ALINING LEASE, AfaJc in Juplicmc nnJ emcrrJ imo nits 14 [h dry o! Janlin rY 19~1c-,
<br />by anJ Mtx'ccn the Sum of ColoraJO, aging Ihruugh its STAI'L' DOARD OF LAND COA1h11SS10NERS. Lernrufmr refcrrW lu as I<>sor.
<br />and Aill25s-MCf:rlff In Co,L C~ nsny
<br />r/o tiara Arness 72011 P~ liossl FI-Sn Il CO 81701
<br />hcranafict rcfcrtW m as Lcssu.
<br />H'ITNGSSETU: lessor, fur and in comiJemtimi of the stun of SIx h mJ eel n Yen [ten and 2/100 - - -
<br />- - - - - - - - - - - - - - Dullan Is_617 "5 - - - I.
<br />rcccips of which n hemby acynowleJgW as paynam of 61mg he in the unmmn of S .}2 fns yam]
<br />mm in the amount of S A00.00 atat a homrs in Jm antomn of 5S ~ nnJ in
<br />Ponhcr consiJeuiiun of lessee's agrcanem to pay n,p ,nd tln/10f1 - - - - Uollar(s1 R~~UO
<br />1
<br />per acm annually as moot in aJnnce of the annivu soy dam of Jtis lose w lung us sail Iwx shall remain in effect, eN in !nether comideruuun
<br />of the terms and canJiiimis hcreinafier sun•J, anJ of Jm paymrms of ruyaliiu ruervW herein, to M gcpl mul pcdunnW by Lcxu, tts suacssnrs
<br />unJ assigm, dues Mrcby Lase to lL»u We tight anJ prndage of exploring anJ prwyccting for, anJ mining of anJ uAing cml lrnm Die GnJs Lvuuulta
<br />JacribW, snuam, lying anJ Ming in the County of l.a Flats ,Slam ul ColoraJo, town:
<br />ACNES
<br />600.00 NW/4NE/4; 5/?NE/4; NLl/4; 5/2
<br />SGC. TN'P. RGG. PA'fGNTS
<br />16 35N l0U None
<br />Lesx< shall have Jm right to use as much of the surfau thereof as may M rw»mbly rcyvimJ in the eaucise of J¢ rigln m mine coal, including
<br />Drip tinning, and the twsusuhlc right m ingress anJ egress; dm right m conmm~ huilJings, male eauvmions, aa'Apiles, Jmnps, drains, rwds, radreads,
<br />paxa hoes. pipdino anJ ndmr impnrvunems a nay M nuessary in II¢ mining anJ removal of sail coal; wbjeaL huweveq lu all existing eaumenu
<br />anJ rights-o4way of diirJ panics, and the rights o! surface Ieaces and surface pammees, and funhv suhjed bt the Iemu, cmditions anJ royahies
<br />sd ow in ihn Iwx. Thc above mcniinnW rign> nay M cacmisN in mnncatan wish tlm mining of caul frwn wbcr or aJlasm tondo oNy xhcn nuuing
<br />nn such Ends is omcJ on in conjunnion wide d¢ anual mining of cml un Jm IanJ hcmin IusW.
<br />. RESERVING, however, to the Sum of ColoraJa:
<br />A. All rights and priv Jcgw of every kiiJ anJ nature, esccpl as e¢ hcain sped Orally gnni tl.
<br />R. The right io use or Iwx nW ptcniixsnr any pan dwreaf al any woe for any purpnx, including Jm tiglu In esplarc anJ pmspecl sail premises
<br />other Than the looting of coal Jcposns, which me anJ Iwsing of sail premises dull M fur purpoxs rnher Ilan and nut imm~stsmw wnb
<br />the rights anJ privilege hcrem apeci0cally gnniW.
<br />C. The right to dispose of or Icme the surGm.
<br />U. The right J all times During J¢ Lfc of Hits (case w ga upon wJ prcmxs unJ every pen thereof for the pnrryase of inapcaing same, anJ
<br />the MnaAS of uccnums and ruwJS of ndncrJ wnrbngs therein, turd of axenaiuing xbrwer m nos amJ lessor unJ thox LulJiug tbcrcunJcr
<br />by end from iL ore wrtymg om tlx semu, covenants aW ag¢cmcne m dos lease comunN.
<br />TO If AVE AND TO HOLD The ahovrJesenhYl premises, with the apppunatanus, unto lessee, iss brio, successors . signs, or Icgal rarynenu~
<br />rives !tutu T4dve O'dmA noon on tl¢ 14th Jay of •(aosra rY 19 h5 .fur the full mint n!
<br />qua ( to )Yeas. and udil 7Mnlve O'doel mom m dse 14th daY of Janus rY 19 95 ,and,
<br />except as h. rnnaher sntW, as long Ihac.,;.~. as coal is Ming prWimeJ in paying yuamiun Loin sail pramtxs, anJ the mphy aW renU proriJW
<br />fur Imrcin, or by any eurmian hemuL arc Mmg paid, >ubject m Ja following moos, enrJitians and agrunnms, m~wn.
<br />ADVANCF, fs I1NIJIUM RO7ISI:IY - As inwinwm anJ aJvmce royally, without relation lu the amount o(eeul minW !tutu the IwaW prnnises
<br />lessee shall pay to lessor the lollowtng mnoums:
<br />I F.ASE YCAR ADVANCE MIMMUAf ROYALTY LEASE YEAR MVANCE h11N1h1Uhf ROYALTY
<br />1st IU one 6tll SLO/acre
<br />and 10 nc)•e -1[la l~(a ct~
<br />3rd TO acre Rth .lU/aC=e
<br />4th tiL~i_/acre
<br />`10 ~Eh j]U/aer
<br />5th acre mil; -ylD(.ars
<br />Acreage changes resuhing from wrtendrr or partial usigmncm may rWun the eJvan:e minimum royalty pmpmiummly.
<br />Further, ar nc~ <m1 of och Ovo-ywr penuJ, 1<ssm mr , )ungr the ram or amnum of aJvance minimum myuhy so M pail by lessee. In the
<br />ev<m testa shall not exuaci nW front the IusW premises sufOcicm m room in the Sum the minimum amounts algve spuniW. it is nevrnhdns
<br />undcotad shin tM aMve scans of moucy are Juc and payable to lessor whether or not anal is minW, hm thin such Wvanu minimun ruyahy
<br />shall h emJnW upon die fns royalua Jue as hernwfter prov WrJ for coal actually prnlumd from sail pmnuxs.
<br />1. FORFEITURE OF ADVANCE NINIAIDfsI Nlyl'ALTI'-In the abuna of prulunion of nvJ in rmnimmus paying ywmitics Mfure dm
<br />exptmoun Jam of the Iwsc, all rdnnce nnmmum myaNics enJ all rcnuls shall be LuIciIW m the Sum.
<br />7. E%TENSION - lessu may have a preferential ngW to renew she lose or to rucive a new base, xwclmver may be demmrinW by Lessor to
<br />M in the My inmrrst of the Slam, under one or nsnre of dm fallowing cunJitions:
<br />A. An aJvance nntJmum rnynlry, the amount In MnegotiamJ Mfore expiration nfJmleast. wJlMnmdmmus omit dx enJ of she sccnuJ cony'ear
<br />ratio n! the lux, or until the expuannn of for new Iwee. Tl,is mnuum nay be aJlustW et Jm enl of udt b>e-ywr pcmJ of dm lux.
<br />B. I<ssa shill fi:mish to Lessor uti,bnory eviJence ofpLm fur mining Aunng Jm secn:J icmyev rams onlunng she Icmycu farm of a imw Iwse oq
<br />C. Famish aJuryase Fenlugical evidrn:e m I essnr thin the arrwge IuxJ is ie Get an integral pan of anJ enuuins roan es in a logical mining
<br />amt. I:inal dnemmwion as lu wbedmr ILe acreage is ur is rwl a pun of a logcal mining min wdl M nuJe by 1<s>nr.
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