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<br />acamow tr. EiQ1~0!9 ~~..~} <br />.rt+. ~ ca.a. ~.ew <br />COAL M11INING LEASE <br />TA1S COAL M11INJNG LEASE (herein the "Lease'), entered into effective <br />~C~'D(tCV 3 , 1990, between THE FIRST INTERSTATE BANK OF DENVER, N.A. <br />f/k/a THE FIRST NATIONAL BANK OF DENVER, a National Banking Association, as <br />Trustee of the ELIZABETH ANNE EWiNG TRUST dated June 29, 1965, with an <br />address of 633 17th Street, Denver. Colorado 80270 Lessor, and OAKRIDGE ENERGY, <br />INC., a Utah corporation, as Lessee. <br />1. (:rant. In consideration of the concurrent purchase by the Lessee from the <br />Lessor of the entire surface estate and certain fractional interests in the mineral estate <br />in the lands defined hereinafter as the "Leased Premises,' and for other good and valuable <br />consideration, including the production royalties and commitments herein agn•ed to be <br />paid and performed by Lessee, Lessor hereby grants and ]cases to Lesser an undivided <br />one-fourth (1/4) interest in and to all coal in, upon or underlying the lands described <br />below located in la Plata County, Colorado, to-wit: <br />TOWNSHIP 35 NORTH. RANGE 9 WEST. N.M.P.M..[a Plata County <br />ICuorado: Section 26: NE1/4NE1/4, SWI/4NE1/4, NE1l4SW1/~, <br />SWl/4SW1/4~ - <br />Section 27: Lot 16 <br />TOWNSHIP 34 NORTH RANGE 9 WEST. N.1vf.P.lvf..La Plata County. <br />ulorado: Section 4: WI/2NW1/4 <br />LESS AND EXCEPT that portion described in Dead from W. <br />D. Ewing to South Durango Water District recorded February <br />23, 1966 in Book 498 at Page 188. <br />ALSO LESS AND EXCEPT that portion of the NW1/4NW1/4 <br />lying and being West of the centerline of the Animas River. <br />ALSO LESS AND EXCEPT old U.S. Highway 550-1ti0 <br />(hereinafter the "Leased Premises'), together with the right to explore for, mine (by r'r^n <br />pit, undergrotmd, strip, auger or any other method), transport, remove and market all <br />coal leased herein; and to the extent Lessor has or may have the tight and title to gra•~t <br />and lease such rights, the right ro u:e as much as the surface of the Leased Premises as <br />may tx necessary or reasunably convenient in the exercise or' the rights granted by this <br /> <br />t <br />