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/~ ~ ~ <br />~: <br />2. Grant Of Interest. For-and in consideration of the payment <br />o en Do ors (b10.00), the receipt and sufficiency of <br />which is hereby expressly acknowledged by Lessor, and in <br />further consideration of the covenants and agreements of the <br />Lessee as herein set forth, the Lessor does hereby grant, <br />lease, let and demise exclusively unto Lessee all coal of <br />whatever ranks and yrades and the substances contained <br />therein or found in association therewith (all hereinafter <br />referred to as "Coal") lying within or under the following <br />described ',ands ("Property") located in La Plata County, <br />Colorado, to wit: <br />Township 3~ North, Range _11 West, N.M.P.M. <br />section 5: E1/2 NW1/4 <br />Township 35 North, Range 11 West, IJ.M.P.M. <br />Section 32: SE1/4 <br />The Property shall also include all of the Coal in and under <br />all 1-and or interest therein owned or claimed by Lessor <br />contiguous or appurtenant to said described lands. <br />3. Minin Ri hts. Lessor only owns coal riyhts to the Property <br />and is no tl~e owner of the fee surface interest in the <br />Property. Lessor hereby grants the following rights in <br />connection with and as part of the leasehold estate hereby <br />grantetl: <br />(a) To enter, explore, mine and remove all coal within the <br />Property, performing such entry, exploration, mining <br />and removal in any manner deemed advisable or desirable <br />by Lessee, whether by surface or underground mining and <br />further grants to Lessee the right to use the <br />underyround ways to transport Coal from adjacent <br />properties as long as mining operations are concocted <br />. beyond the term of the lease; <br />(b) To use as much of the surface and surface resources of <br />the Property as by Lessee may be deemed desirable or <br />convenient in connection with the operations conducted <br />Dy Lessee upon or within the Property; <br />(c) In the exercise of the foregoing rights, to remove coal <br />mined from the Property and to transport the same by <br />underground passage or surface transportation to other <br />contiguous or nearby lands owned or leased by Lessee <br />for storaye and processing. <br />4. Term. Lessor hereby grants and leases the Property to <br />Lessee according to the provisions hereof for a term of <br />ten (!O) years from the date first shown above and for so <br />long thereafter as coal mininy operations are conducted on <br />