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tr. qtr. IMI STATE OF COLORADO
<br />mrt. am, any, a,ul STATE BOARD OF LAND COh1MISS10NERS
<br />LGO-O/G
<br />COAL MINING LEASE NO. sva/13-s
<br />(Issued in lieu of Extension of Coal Mining aces-1-~c Ao. 475/13-5)
<br />,,.cg 1 , LO l .84 acrts, tnorz or Ices:
<br />LanJ Fund: School
<br />TH15 COAL MINING LEASE, hfade N duplicate end entered info this 4Ch d,y of April Iq 87
<br />by and hsaveen the Sute of Colorado, aping duough its STATE BOARD OF LAND COh1MISS10NER5, hereinafter rcfenW to as Lessor,
<br />ab Prahnd ('pal f'nmpBny a Delaware corporation
<br />9(I1 N~rrh Mom al nrive Sr. Ln~iv Mi~sn~ri 631n2 ,
<br />hertirufier rtfcrted to u fusee:
<br />WITNFSSETH: Lesbq for and u couideration of the sum of 0 e thousand four hundred twen[Y-six and
<br />],5/l nn _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Pollan (f 1.426.75 1.
<br />receipt of which u heresy ackrwwlWged u pyment of (ding fw N the emmN off 2L.75 , first Ywr's
<br />run b the asmml off 1 L07 nn , ard a boon iu she amount off -0- ,and m
<br />Nnhv rmidertion of LeueeY agrmnW m py Ono wnd Nn/700 DoBer(a) (f 1 .00 a
<br />per acre armudly u rtnW N advance of the awiverrary date of the Iwx so long as said (rase ahW rtmain N eRect; and in funkier mnsidemion
<br />of she rcrrru and mnditiom herzitufler soled, atd of the psymenu of myddw rexrved herein. m h keq and performed by fusee, iu sumessors
<br />cell auigru, does herzby (tax to 1<asee she nghr cell privilege of uplonng and prwpating for, and misting of and Wing and fmm the lards hereinaher
<br />described, situate, lying and being N she County of Rn rtt , Sute of Colonda, so-wit:
<br />ACRES SUBDMSION
<br />321.84 Lots
<br />320.00 W/2
<br />480.00 W/2;
<br />280.00 NE/4;
<br />1,401.84
<br />3, 4; 5/2MW/4; SW/4
<br />SE/4
<br />W/2SW/4; NE/45E/4
<br />SEC. TWP. RGE. PATENTS
<br />3 SN 87W None
<br />10 6N 87W None
<br />15 SN 87W None
<br />16 SN 87W None
<br />Lessee shill love the right so uu as much of the surface (hereof u may be rwsonably rtquircd in the exercix of the right to mine cod, indudmg
<br />strip mining, and the reauwble right ro ingress and egress; the right mconswn buJdings, make exwvauons, stmkpiles, dumps, drains, roads, nJtmds,
<br />pouxr lines, pipelirws std aher improvemenu as may be nemasary N she mitring and rtmovil of said cod; subject. howxven to all eusung wxments
<br />aW rightsof-way of Third pontes, and Jse nghls of surface Iwsru and nrfa¢ patensws, cell fuller subjess m Ne terms, conditions and myilsies
<br />us ms in (his (rase. The above-mentionW dghu may be exercised m mwuvon wish the mining of mat from other or edjacem lards oNy when mining
<br />on such Wds rs nmW on N mnjurcuon wish the acmd mimng of mat on the land herzb IwsW.
<br />RFSERYING, howeven to the Surc of Colorado:
<br />• A. All dghu lid privieges of every kird and revue, exuPl u are herein apeafiwllY Brw~~
<br />B. Therighs to ux or lwx said prtmixsor any pan thrmfal any simefor any purpox,including the right to explore and prospml said premixs
<br />other dun the locating of coal depose, which ux and kasing of said premises shall a for purpoxs whet than and tar rrmwsislcnr x'sth
<br />Ne rights and privileges heron specifically granted.
<br />C. The right to d~spou of or Iwx the surface.
<br />D. The right es ell limes during the life of dtis Iwo m go upon said prtnuses and every pan therm( far she purpose of inspecting same, and
<br />she looks of ecmunts and records of minerd workings Iherzin, and o(axenaining whether or not said lessee end those holding Ihcreunder
<br />by and from is, arc carrying out Ne leans, mvemnu W egreemenu in This Iwo conuinW.
<br />TO HAVE AND TO HOLD The aWvedexnbW premises, with the eppunauncu, unto lessee, ifs heirs, successors, as-stRns, or legal reprexnu-
<br />tives fmm helve O'clock mm~ on the 4[h day of _ ADrll Iq~LL, for u¢ full term of
<br />( IO )years, cell unrJ Twelv<O'dmk mm~ on the 4[h say of April 1997 and,
<br />ex¢pt u herti~ufter surcd, as long therwfter as cad u being produced in paying quanlnies from vid premixs, end she royalty and rents providW
<br />(or herein, or by any <xtemion harm(, are being paid, subjm so d¢ following rcmn, conditions and agrwmenu, to-wit:
<br />1. ADVANCE IvtINQs1Ul11 ROYALTY - As miNmum and advance rayilry, without rtlalion to the amount of coil mined from the IwseO premises,
<br />lasses shall pay to lessor the folowing ammnls:
<br />LP.ASE YEAR ADVANCE MMIMUM ROYALTY LEASE YEAR ADVANCE MRfIMUM ROYALTY
<br />lcr 8th tee
<br />9nd 7th 10 er acre
<br />3rd J 10 er acre t er acre
<br />3[~ er acre -tTt~-- per acre
<br />cam- er acre C~~ $ per acre
<br />AcruBe change rzsulting from mncndcr or Panid assigmnmr maY reduce the advance minimum roydry prvponionarcly.
<br />Fuller. at the end of wrh five-year period, lessor may change the me ar amount of advanu minimum royilry to h psid by less,x. ti the
<br />event lesse<shall not eauact mat from the Ieafrd przntises su((ciew to rcmm to the State the minimum amounu above specified, it it rrcveMclcss
<br />understoaf that the above surtu of money are due and payable to Lessor whether or not coal is mined, but that such advance rNnimum royalty
<br />shall M crcdisW upon the first royalties due u herevufler provided (or coal ectudly producetl from uid premises.
<br />Z. FORFEffURE OF ADVANCE f11D'fBSfl)hf ROYALTY- In the ebsmu of production of cod in cominuous paying quamities beforz the
<br />espinuon dau of dse lux, all advance rrtinimum royilhw end all rtnuls shill be (orfeilW m the Sum.
<br />1. EXTENSION - 4ssee may have • preferentiil right m rtnew the Iran or to receive • new Iran, whichever may be dcrcmtined by lessor to
<br />be N the best inrcrtat of she Surc, under one or more of Ne fogowmg mrdiuans:
<br />. A. Madvance nununum royalty. the amount loh ncgotiiled befort eapirasion of lhelwu, wJl be mntuumsunlil the end o(Ihe second ten-ywr
<br />¢nn of the (care, or until the expvedon a! the pees Iwo. This amount may be adjuslW at Jte eW of wch Rve-ywr penal of N< Iwo.
<br />R. fusee shall (umW m Lesxr sausfaswry evdena of pluu (or muting Ounng the raotd rcn~year brmarduring the unywr rcw ofa new lean or;
<br />C. Fumisb dequele gmlogiW nidetsce b Iewr Iles the creage leaxd'u N fast an inrcgN pan of and mm" "~ rzurves m • logical mining
<br />wit. Fisul dcunmtutian u u whcNer the acreage u or is na a pan of • logical nsining um1 will be rwJe by Lessor.
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