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•" ~ ~ "` >rca-noN._ 591869 ( , <br />°~ ..r, bwwa <br />iw.~ ~r13~_..r~ J _.aL.111`~ . <br />~.. a c.+.~. a. r~ ~~ <br />MEMORANDUM OF LEASE <br />THIS MEMORANDUM OF LEASE is made and entered into, effective <br />the 1st day of January, 1990. <br />The parties hereinafter named have entered into a lease agreement <br />with respect to the property herein described for the term herein set forth: <br />1. PARTIES: The parties to the lease agreement and their <br />addresses for all purposes hereunder are: <br />a. Lessor: Poor Daughter's Cosl Company", Inc., a Colorndo <br />corporation, c o Zane J. Lubin & .Associates, 12700 Ventura Blvd., Suite <br />140, Studio City, California 91609 (hereinafter "Lessor"); and <br />b. Lessee: National King Coal, Inc. , 1015} Main Avenue, Post <br />Office Box 2905, Durango, Colorado 81302 (hereinafter "Lessee"). <br />2. PROPERTY: The Cosl Lease with respect to which this <br />Memorandum pertains a acts the real property described on Exhibit A hereto <br />attached, the contents of which are incorporated by reference herein. . <br />3. .TERM OF LEASE: The Coal Lease between the parties <br />hereinabove named is for a primary term of ten (10) years from the date of <br />execution of said agreement, and said Lease provides that.it will continue as <br />long thereafter as coal or related ore is being mined, processed or marketed <br />from the leased premises or from adjacent lands accessed by underground <br />mining shafts through the leased premises. <br />IN iVITNESS WHEREOIIF, the parties have executed this Memorandum <br />of Lease this (ail-day of 'I`o~,e.~, 1990. <br />Attest: <br />< (/~ SfG~ETnay <br />Fred Fox, Jr., cretary <br />POOR DAUGHTER'S COAL COh7PANY, <br />INC., a Colorado corporation, <br />By: ~.~9-~ <br />Zane bin, resident <br />~ 1i _ <br />~ '. :. <br />Atje <br />r, <br />' ~5ecretary ' <br />ci <br />.> <br />NATIONAL KING COAL, INC. <br />ice' i , ~~ <br />By:~. l ~ ,i• c, , <br />Titl j3, ~ r.o~ ~•7 <br />