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. - - •, <br />h. The Sye Contract is subject b hither and betty offus. If a higher or Subtdal -Surface 180,000 130,000 <br /> berter otter is acocped, Purcharr is atiOtl b the room o! iu eafrtest <br /> marry and a !ee N the amount of 5500.00 b cover out of poclW Subtotal - Mircrals 383,271 92,678 <br /> eapensrs. <br />i. Qos'utg b oowr nd bllrt than nircty (90) days from the Qctober 26. SubtOU1 - Watu 10.000 10"000 <br />Taal f373 <br />271 f272,678 <br /> 1991 dar. , <br />13. The New CSaI. Proprrty is comprised of: <br />L Trod 1 - a 2,838 ace irtegulu hacl looted in Garfield COUnty, I3. Al the time o! the initial appniui, Tray 1 wv subject b an option b las <br /> Colorado appmaiouvly IS mils west of Glenwood Springs, Colorado py ~ro b purchase for f 1,000,000, las media fa lion <br />W paytttau, atl, afrr aecution <br /> including surface and mirrtal righu; <br />b. 1Yact 2 - 7] Gera of miriaal righu; of the Mineral Leare Agreement, the option pria war b be tljurted upward by 201f per <br />e. Tray 3 - 159 acct of ooy righu; year b ^ muimum of f5,000,000. This option agrrrrrrent hu taw lapsed and NCIG <br />d. TraG 1 - 7.701 aaea of oil acrd gu righu; acct Firtartr~al, Inc., Ur lessee utrda the Mineral lase Agreerrrnt has permitled the spndy use <br />e. SO sham of Ware atl Funds Ditch Company. <br />getout b aspire, Nurby rtrggeOirtg tlut the Mineral Rare Agramat euly b<,-^^~°+,-". <br />11. N 1992 Ors propatin were origiruily appNsd n fellows: The Ove (3) year oil utd gu drilling artd aplotation I-ase Agrearrnt wiN Louisiana Ind <br /> ~11C ~~ and FiplOtatian Company has only one year remaining before it aspim. The original <br />L Trac I -Surface f160,000 f130,000 appraisy acloawledgtl ihy the valuE Of tic coal tatava wu rpeculative based m <br /> Tsa[% 1 -Mineral iighu 333,396 b6,698 competing ytmtative fuel wurca and limited dowel for my. Mormvv, while rangnired <br />b. Tract 2 - Minerals 8,263 1,132 ay rESVVes stir ptourOy Noe is ro ecdnatninlly [nsibk malted of mining the opal <br />e. Tna 3 - Cml righu 17,323 8,762 beause of Ur steep terrain. The initial appniW raogn'ved Wert ro irtmor strum fmm <br />d. Tract / -Oil aM Gas 26.092 13,016 coy production could eommerra until the I6Or yar afkr the 1992 valuation date. <br />a 30 tares of Ware & Flirds Ditrlt 10,000 10,000 16. At set foM b Stagg F3tgirrevirtg's Faler dated April 11, 1991, aruched u <br /> Co. <br /> Exhibit 2 b the Motion Dated April 29, 1991 For Order AuOariang Proposed Sale of New <br /> S 6 <br />