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ASSIGNMENT OF RECORD TITLE INTEREST <br />IN A FEDERAL COAL LEASE <br />THIS ASSIGNMENT OF RECORD TITLE ("Assignment") dated December 31, <br />2003 is from Bowie Resources Limited, a Colorado corporation, with an address at 2000 <br />Ashland Drive, Ashland, Kentucky 41101 ("Assignor"}, to Bowie Acquisition Group, <br />LLC, a Kentucky limited liability company, with an address at 1500 North Big Run <br />Road, Ashland, Kentucky 41102 ("Assignee"). <br />For Ten Dollars and other good and valuable consideration, the receipt and <br />adequacy and sufficiency of which are hereby confessed and acknowledged by Assignor, <br />Assignor does hereby grant, sell, assign, transfer and set over to Assignee all of the <br />Assignor's 100% record title interest in and to Federal Coal Lease No. COC-053356 (the <br />"Lease"), covering the following lands located in Delta County, Colorado: <br />Township 13 South, Ranee 92 West, 6`" PM: <br />Section 10: Lots 1-3, 6-9 <br />Section 11: NW/4, N/2SW/4 <br />Containing 521.780 acres, more or less. <br />TO HAVE AND TO HOLD the Lease unto Assignee, its successors and assigns <br />forever. <br />This Assignment is made and accepted without any covenants or warranties <br />whatsoever, either express or implied. <br />This Assignment is expressly made subject to all applicable statutes, rules and <br />regulations including, without limitation, the Mineral Leasing Act of 1920 (30 U.S.C. <br />§ , 181 et seq.) and the regulations promulgated thereunder. <br />This Assignment and all the terms and provisions hereof shall inure to the benefit <br />and be binding upon the parties hereto and their respective successors and assigns. <br />-~ <br />!';>i••fr'r.'_7STATESCFAMER!CH MAR <br />~n~. <br />.. ~. <br />Fig 4 20G5 -- <br />w <br />Lexlibrary/218082_ 1. DOC <br />