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<br />II'~7 STATES OF AME'ri:CA ~ '~ ""~~ _ '
<br />5 ~'MENT APPROVED EFF'ECTIVF~)AL_1, 19711 ~'"i~' ~~ '~~ .
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<br />Ir+nm of Adludigaw .
<br />UNITED STATES ~.) ;s.,~ ~~•ASSIGNMENi OF UNITED STATES
<br />~ '~ ;~ COAL LEASE
<br />DEPARTMENT OF THE INTERIOR) k~ ~{t. 'SERIAL N0. C-0125515
<br />BUREAU OF LAND MRNAGEMENT ) ) •~~ " ' -!•
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<br />For and in consider•ation..of the suh'~~of Teh Dollars ($10.00) and other valuable
<br />consideration, the receip£ and sufficiency whereof is hereby acknowledged, the
<br />y.,
<br />undersigned INDUSTRIAL ASSETS, INCi; her•eihafter called "Assignor", as owner of
<br />all the record title to U. S. Coal ~~ease:Serial No. C-0125515 dated May 1, 1968,
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<br />covering the following described land in•~:G,arfield Lounty, Colorado:
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<br />Township 7.Sob6~h, Ranye 102 Nest, 6th P.F1.
<br />Section 27i jifAh;l '`~:,`.
<br />Section 28: ;:{;q1,1 (Lot's 1-5 inclusive, E,NW;,
<br />n NEB:. Sls, '.. . .
<br />Section 33: +iA1.l ,.
<br />Section 34i:~Al.l, ~'~.
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<br />containing 2559.98 acres of land,~!mgreor,less, hereinafter together called the
<br />"leased premises", does hereby sel:~';'assi~gn, transfer, set over and convey unto
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<br />SHERIDAN ENTERPRISES, INC.; a Cal~ifornia~'corporation, with its principal office
<br />at 8301 East Prentice Avenue, Engl~epmod;:,':Colorado, hereinafter called "Assignee",
<br />its successors or assigns;'all of,'A"ssignor's right, title and interest in and
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<br />to said O.S. Coal Lease. ' . r ~ ,qr" '
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<br />For the same consideration Assignor 'covenants and agrees with Assignee, its
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<br />successors or assigns as followsc+:h[•~F,!
<br />r~, 1. That Assignor is the lawful owner of and has good title to the interest being
<br />assigned hereunder, free and clear of: all liens, encunbrances, and conflicting
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<br />claims; that the said lease is'a valid and subsisting lease covering all
<br />above described land and that
<br />all conditions necessary to k
<br />entals due thereunder_ha!!? been paid and
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<br />e'f?said lease in full force and effect have
<br />been duly performed.
<br />2. Commencing with coal produce.
<br />sideration for this assignment
<br />assigns, an overriding royalty
<br />price at point of sale of each
<br />leased lands, or the'dJerridin
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<br />ri~'May'1.; 1988, Assignor, as part of the con-
<br />reserves unto itself, its successors and
<br />equal,fto'the lesser of 1;% of the gross sales
<br />'short'~ton of. coal mined and sold from the
<br />'royal~y then permitted to be charged under
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