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.: ~ ~ iiiiiiiiiiiiiiuui~ <br />AGREEMENT OF SALE <br />Made this jd ~ ~ of ~ - M , 1985, by and between United States Steel <br />Corporation (Seller), 600 Grant Street, Pittsburgh, Pennsylvania 15230, a <br />Delaware corporation duly authorized to do business in Colorado, and Atlantic <br />Richfield Company (Buyer), 555 Seventeenth Street, Denver, Colorado 80202, a <br />Delaware corporation duly authorized to do business in Colorado. <br />WITNESSETH: <br />For and in consideration of the premises and covenants herein, the parties <br />intending to be legally bound, hereby agree as follows: <br />Property to be Sold <br />1. Subject to the terms and conditions of this Agreement, Seller agrees <br />to bargain, sell, grant and convey to Buyer and Buyer agrees to purchase, subject <br />to the terms and conditions hereof, approximately 220 acres of surface property <br />(Subject Property) described as follows: <br />Township 13 South, Range 90 West, 6th P.M. <br />Gunnison County, Colorado <br />Section !0: All that portion of the SW/4SW/4 lying South of the centerline <br />of the North Fork of the Gunnison River, less that portion conveyed to the <br />Colorado Department of Highways for the relocation of Highway 133. <br />Section 15: W/2NW/4 <br />Section 18: All that portion of the 5W/4NE/4, SE/4NW/4 and SW/4 lying <br />South of the centerline of the North Fork of the Gunnison River. <br />2. The Subject Property is sold subject to all easements, rights-0f-way, <br />licenses, covenants, restrictions and agreements of record or apparent upon <br />physical inspection of the Subject Property; provided, however, that Buyer shall <br />have a period of ninety (90) days prior to closing in which to conduct a record <br />search and inspection. It is understood and agreed by the par*.ies hereto that this <br />sale is conditioned upon Buyer's review and acceptance of all encumbrances upon <br />the Subject Property revealed by its record search and inspection. Seller will <br />reserve to itself all coal, oil and gas, geothermal resources and all other minerals <br />of whatever nature and kind located in and under the Subject Property. Seller <br />will reserve to itself the right of reasonable access over, under, across and <br />through the Subject <br />/i <br />