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<br />UNITED STATES
<br />DEPARTMENT OF THE INTERIOR
<br />BUREAU OF LAND MANAGEMENT
<br />COAL EXPLORATION LICENSE
<br />
<br />Serial Number COC 59432
<br />Issue Date AUG 0 7 1996
<br />Expiration Date ~'
<br />This license, entered into on AUG 0 1 1996 by the United States of America, the
<br />licensor, through the Bureau of Land Management (BLM), and
<br />Cottonwood Land Company
<br />1475 Pine Grove Road, Ste. 207
<br />Steamboat Springs, Colorado 80487-8801
<br />the licensee, is hereby issued under the Mineral Leasing Act of 1920, as amended
<br />(30 U.S.C. section 181 et se and is subject to all applicable Federal, State, and local laws
<br />and regulations, including Title 43, Code of Federal Regulations (CFR), Part 3400.
<br />Sec. 1. RIGHTS UNDER LICENSE--This license confers the right to perform exploration
<br />operations in accordance with the terms and conditions of this license, the approved
<br />exploration plan, and applicable regulations in the following-described lands situated in the
<br />State of Colorado:
<br />T. 5 N., R. 88 W., 6th P.M.
<br />sec. 4, SE'/aNW'/a, and SW'/a;
<br />sec. 5, lots 5 to 9, inclusive, SW'/aNE'/a, SE'/aNW'/a, E'/zSW'/a, SW'/aSW'/a, and
<br />SE'/a;
<br />Tract 37, SW'/aNWYd;
<br />sec. 6, lots 8 to 23, inclusive;
<br />Tract 37, SE'/aNE'/a, and E'/zSE'/a;
<br />Tract 38, E'/zSW'/a, and W'/zSE'/s;
<br />sec. 7, lots 5 to 11, inclusive, lots 13, and 17, S'/zNE'/a, SE'/aNW'/a, and
<br />SE'/a;
<br />Tract 39, lots 12, 14 to 16, inclusive:
<br />sec. 8, all;
<br />sec. 9, NEr/sNW'/a, W'/zW'/z, and SE'/aSW'/a;
<br />sec. 17, N'/zN'/z, S'/zNW'/s, and S'/zSW'/a;
<br />sec. 18, lots 5, 12, 13, 16, and 17, Nr/zNE'/a, and SW'/aNE'/s;
<br />Tract 39, lots 6, and 8;
<br />Tract 40, lots 7, 9 to 11, inclusive, 14, and I5;
<br />sec. 19, lots 7, 8, 13, and 14;
<br />sec. 20, NW'/a, SW'/aNE'/a, and NW'/aSE'/s;
<br />sec. 30, lots 7, 8, 13, and 14.
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