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f EASEMENT DEED AND AGREEMENT THIS EASEMENT DEED AND AGREEMENT is made and entered into as of the ~/~~.day of October, 1979, by and between MARY ANN VIGNA, whose address is P. O. Box 41, Pryor, Colorado (hereinafter referred to as the "GRANTOR"), and RAVENWOOD COAL COMPANY, a Colorado corporation, with mailing address: P. O. Box 4, Aguilar, Colorado 81020 (hereinafter referred to as "RAVENWOOD"): WITNESSETH: For and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged by GRANTOR, and in further consideration of the mutual rnve- nants and obligations contained herein, the parties hereto agree as follows: 1. Grant of Easement. GRANTOR hereby grants and conveys unto RAVENWOOD an easement and__right-of-way.through, over. and across a strip of land more particularly described as follows: "' The southernmost 300 feet of the SE1/4 of the NW1/4, Section 19, T. 29 S., R. 65 W., Sixth Principal Meridian, together with all rights of access to and egress from this strip of land (the "Property") which may be necessary or incidental to the full and proper use and enjoyment of said easement. 2. Annual Rent. RAVENWOOD agrees to pay the GRANTOR the sumo Six Hundred ($600.00) Dollars on the date of execution of this Agreement and on or before each anniver- sary of that date during the term of this Agreement. Pay- ment of this annual rental shall be made by RAVENWOOA mailing a check in the apprapriate amount to the GRANTOR, or person- ally delivering a check in that amount to the GRANTOR, on or before the appropriate date or dates. 3. Term and Option to Renew. The term of the grant of the easement described above and the term of this Agree- ment shall be for a period of five (5) years from the date of execution of this Agreement. GRANTOR hereby grants RAVENWOOD an option to renew and extend that term for an dditional five (5) years thereafter by tendering to the ;RANTOR a check in the amount of the annual rental stated in ~/the preceding paragraph on or before the end of the initial '•" ~` five-year term with a statement that such tender is for the purpose of extending and renewing the primary term for an additional five (5) years. 4. Termination. RAVENWOOD may terminate this Agree- ment and the easement granted herein at any time by giving GRANTOR at least thirty i30) days advance written notice of the effective date of said termination. Such notice shall state that RAVENWOOD quitclaims to GRANTOR any and all