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SENT BY~WILLIAMS COS. 9-13-94 3~47PM LEGAL DEPT. 303 <br />STOCK PURCHASE AGREEMENT <br />THIS STOCK PURCHASE AGREEMENT (the "Agreement^), <br />8106: 6 <br />de and <br />entered into this 1st day of July 1987, by an among <br />BLUE HORIZON MINING COMPANY, INC_, a Delaware corp ration <br />.. ("Purchaser^); STAMPER COLLINS, an individual ("Col ins^); <br />NORTHWEST ENERGY COMPANY, a Utah corporation (^Se ler^); <br />NORTHWEST COAL CORPORATION, a Delaware corporation ("NCC ); and <br />WESTERN SLOPE CARBON, INC., a Colorado corporation (^WSC" <br />W I T N E S S E T H: <br />WHEREAS, Seller owns all of the issued and outsgandiaq <br />shares of capital stock of NCC (the "Shares of NCC"); <br />WHEREAS, NCC owns all of the issued and outstanding sha=es <br />of capital stock of WSC (the "Shares of WSC"), the pr ncipal <br />asset of which is the Hawks Nest Coal Mines of So erset, <br />Colorado; <br />WHEREAS, NCC and WSC owe Seller certain sums aad W C has <br />granted to Seller a security interest in certain p rsonal <br />property as security .f or its debt; <br />WHEREAS, Purchaser desires to purchase the Shares f NCC <br />from Seller, and Seller desires to sell the same to Purc~aser, <br />for the consideration and upon the terms and conditions seL <br />forth herein; and , <br />~ WHEREAS, Collins is the sole shareholder of Purchaser_ <br />NOW, THEREE'ORE, for and in consideration of the p[ wises <br />and the mutual covenants contained herein, the parties ereto <br />agree as follows: <br /> <br />