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West Elk Mine <br />• 2,769.67 acres, Gunnison County, Colorado. <br />Tract 2: T. 13 S., R 90 W., 6`" P.M. <br />Modification sec. 25, 35 and 36 Beginning at the northwest corner of said sec. 35; <br />Thence S 89 45' E, 2308.02 feet along the north line to the north % comer of said sec. <br />35; <br />Thence S 89 51' E, 755.52 feel along the north line of said sec. 35 to the Tme Point of <br />Beginning; <br />Thence S 89 51' E, 1948.49 feet to the northeast comer of said sec. 35: <br />Thence N 1 34' E, 554.17 feet to the west line of said sec. 25; <br />Thence S 77 34' 46" E, 537.12 feet; <br />Thence S 12 25' 34" W, 1767,64 feet; <br />Thence S 77 34' 26" E, 117.32 feet; <br />Thence S 12 25' 34" W, 1370.14 feet <br />Thence S 77 34' 26" E, 310.65 feet; <br />Thence S 12 25' 34" W, 379.75 feet; <br />Thence N 77 34' 26" W, 2272.95 feet; <br />Thence N 1 33' E, 2605.75 feet to the Tme Point of Beginning <br />149.48 acres, Gunnison County, Colorado <br />Containing 2,919.16 acres, more or less <br />• 22. Federal Coal Lease COC 67011, September 1, 2004, by the United States of America as lessor and Ark <br />Land Company, as lessee, embracing the following described lands in Gunnison County, Colorado: <br />T. 13S., R. 90 W., 6`s P.M. <br />sec. 12, lots 8 to 1Q inclusive; <br />sec. 13, lots 2 to 7, inclusive, and <br />lots 10 to 15, inclusive, <br />sec. 24, lots 4 and 5. <br />690 acres, Gunnison County, Colorado. <br />Containing 690.95 acres mare or less. <br /> <br />EXHIBIT 4 PG. 11 November, 2004 PRI G <br />