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LICENSE AGREEMENT FOR LIMITED ACCESS WAIVER OF CLAIMS RELEASE OF LIABILITY AND NOTICE OF WARNING THIS AGREEMENT is made and entered into this 17~ day of July, 2007, by and between Cottonwood Land Company ("CLC°) and Juniper Coal Company ("JCC"), whereby the parties agree as follows: 1. GRANT OF PERMISSION. CLC in consideration of CLC's promises herein, such promises being the sole consideration received by CLC, hereby gives permission to JCC, revocable and terminable as hereinafter provided to enter upon the land, both surface and coal, where owned or controlled by CLC as described below (herein referred to as the "Premises"), for the sole purpose of conducting coal exploration and environmental studies, all on the terms and conditions herein set forth which CLC promises to comply and abide with. 2. DESCRIPTION OF PROPERTY. The land subject to this Agreement is generally depicted on the attached Exhibit "A". 3. TERM OF GRANT. The permission granted hereunder shall be effective as of July 1, 2007 and Continue to December 31, 2008, unless terminated earlier as provided in pazagraph 10 of this Agreement. 4. WARNING! CONDITONB OF THE PREMISES. CLC hereby warns JCC that the Premises may be dangerous and hazardous. CLC further warns that it has not maintained or prepared the Premises for the purposes of JCC, and that CLC cannot examine the Premises or be aware of its condition, or of the conduct of other persons. Therefore, CLC does not warrant or represent that the Premises are safe or suitable for the purposes for which they are permitted to be used under the terms of this Agreement and makes no representation as to the conditions of the Premises, or as to the conduct of persons, including CLC employees and agents on the Premises, except that the Premises may by unsafe for the purposes of JCC. JCC, by this Agreement, is informed and understands that JCC would be exposed to legal liability and cost of an unknown amount in order to extend this use of the Premises and would not, and does not, allow this usage without the relief of liability, waiver of claims and compliance provided for by this Agreement. 5. COMPLIANCE WITH APPLICABLE LAW8. JCC shall comply with all applicable laws, rules, regulations, orders and ordinances of federal, state and local government offices and authorities, and JCC shall indemnify and hold harmless CLC, its directors, officers and employees from all penalties, fines and other chazges resulting from violations or alleged violations by JCC, of such laws rules, regulations, orders and ordinances.