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LEASE ~*~ <br />H/jl/. r~ i ~j <br />• This Leese is nude and entered into this .7°,/,( dey of Seer, 1971, <br />by and between Helen G. Tabor, formerly known es Helen Gallegos (herein <br />"Lessor") with en eddress at Box 91,'Pagosa Springs, Colorado 81147 end <br />Rocky Mountain Land and Mineral Corporation, a New Hexico Corporation <br />(hereinafter referred to "Lessee"), with an address at 410 Old Taos <br />Highway, Santa Fe, New Mexico. <br />In consideration of the sum of Seven Hundred fifty Dollars <br />(5750.00) paid by Lessee to Lessor, which will be paid upon execution <br />of this Lease, the royalties herein provided, and of the agreements <br />of Lessee herein contained, Lessor does grant, lease and let exclusively <br />unto Lessee for the purpose of investigating, exploring, prospecting, <br />drilling, mining, extracting and developing all coal, but only coal, <br />together with the right to use the surface end construct such structures <br />necessary or desirable for the purposes of this Lease and to extract, <br />mine, save, take care of, treat; transport, and own all such coal from <br />the following described property situate in Archuleta .County, Colorado: <br />• ~ Towns hi 34 North Ran e 4 Nest N.M.P.M. <br />Section 30: SN 4NE/4, NE/4SE/4 <br />(herein referred to as the "Land"). <br />TO HAVE AND TO HOLD unto said Lessee, its successors and assigns, <br />two (2) years from the date hereof and for so long thereafter as the <br />minimum royalty hereafter provided is paid. <br />In consideration of the premises, it 1s mutually agreed as follows: <br />1. Royalty. Lessee shall pay to Lessor, a royalty upon all coal <br />extracted, shipped and sold from the Land during the term hereof, <br />computed as follows: T <br />a) A sum of money computed at 1>; of the sales price for any S~ e o ..~ c e e ~ <br />product selling for less than 516.00 per ton. <br />b) For any product sold far a sales price of 516.00 a ton, <br />or more, the royalty shall be a sum of money computed at <br />„ 51.10 per ton plus 50.05 per ton for each 51.50 of sales <br />price 1n excess of f16.00 per ton. <br />If the first point of sale shell be at a locetion other than the tipple <br />or bins on the land, the sales price at the tipple or bin shall be <br />. determined by deducting from the sales price at such first point of <br />