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<br />BILL OF SALE <br /> <br />The undersigned Dugan Production Corp. certifies that the <br />conveyor system described herein, the property of Dugan Produc- <br />tion Corp., has been transferred this day of <br />1992 to the First National Bank of Florence; and <br />that this is the first transfer of such item in ordinary trade <br />and commerce subsequent to acquisition thereof by Dugan Produc- <br />tion Corp. <br />TRANSFEREE: <br />The First National Hank of Florence <br />Post Office Box 389 <br />Florence, Colorado 81226 <br />TRANSFEROR: <br />Dugan Production Corp. <br />709 Murray Drive <br />P.O. Box 420 <br />Farmington, New Mexico 87499 <br />The item transferred is a conveyor system, and all parts <br />and attachments thereto, previously used to convey coal at a coal <br />mine and situate on a tract of land located in the SE 1/4 of <br />Section 29, Township 35 North, Range 11 West, N.M.P.M. <br />By: <br />SHERMAN E. DUGAN DATE <br />Vice President <br />Dugan Production Corp. <br />Division <br />By: <br />Name: DATE <br />Title: <br />First National Bank <br />of Florence <br />AG Alpha No. NR LR ICACJ <br />AG File No. E9216915.90 <br />