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West 81.6 feet; thence North 06°26' West 194.6 feet; thence <br />North 52°07' East 250.3 feet; thence South 16°51' East <br />541.8 feet; thence South 82°37' West 258.2 feet; thence <br />North 20°33' West 136.9 feet more or less to the point of <br />beginning. <br />EXCEPTING THEREFROM THE FOLLOWING <br />DESCRIBED PROPERTY: <br />A road right-of-way 60 feet wide, the centerline of which is <br />described as follows: Beginning at a point in the center of <br />said road when the Southwest corner of the SE1/4SE1/4 of <br />said Section 8 bears South 49°47' East 132.9 feet; thence <br />North 68°05' East 162.8 feet; thence North 44°17' East 49.8 <br />feet; thence North 66°52' East 58.1 feet more or less to the <br />east line of said parcel. <br />FURTHER EXCEPTING from said parcel any portion thereof <br />which lies outside of the SE1/4 of said Section 8. <br />Together with all ditch and water rights. <br />3. The following rights and interests, as previously owned by John O. <br />Roberts and Lucille J. Roberts, husband and wife, and conveyed to Anchor Coal <br />Company, predecessor-in-interest to Oxbow Carbon & Minerals, Inc., by Quit Claim <br />Deed dated August 9, 1979, and recorded in the records of Gunnison County, Colorado <br />in Book 542 at Page 80, Reception No. 345330: <br />A. All of their rights, title and interest in and to the N1/2N1/2NE1/4 in <br />Section 17; <br />B. All of their title, interest and right to use the bridge over the North <br />Fork of the Gunnison River jointly with others and subject to <br />assessment for repairs of the bridge on a pro rata basis; <br />C. All of their title, interest and right to use the road right-of-way 60 <br />feet wide, the centerline of which is located in the SE1/4 of Section <br />8, and which continues southward into the NE1/4NE1l4 of Section <br />17. <br />IXI019733 v5 <br />