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octsmuw r~.~~,s~QB a~~t~Q. <br />sre..w ~1~-1~rr.+- 1L: <br />arr I Gtr+/~ V A~ ~• <br />COAL MIN~1G LEASE <br />"" ~~ THIS COAL MINING LEASE (herein the "Lease'), entered into effective <br />ta-p~lt. 3 , 1990, between THE FIRST INTERSTATE BANK OF DENVER, N.A. <br />f/k/a THE FIRST NATIONAL BANK OF DENVER, a National Banking Association, as <br />Trustee of the ELIZABETH ANNE EWING TRUST dated June 29, 1965, with an <br />address of 633 17th Street, Denver, Colorado 80270 Lessor, and OAKRIDGE ENERGY, <br />INC., a Utah corporation, as Lesset. <br />1. Grent. in consideration of the concurrent purchase by th ;Lessee from the <br />Lessor of the entire surface estate and certain fractional interests in the mineral estatr' <br />in the !ands defined Itcreinafter as the "Leased Premises,' and for other good and valuable <br />consideration, including ll,e production royalties and commitments herein agrud to be <br />paid and performed by Lessee, Lessor hereby grants and leases to Lessee an undivided <br />c,nc fourth (1/41 interest in and to all coal in, upon or underlying the lands described <br />below located in L,a Plata County, Colorado, to-wit: <br />TOWNSHIP 3S NORTH. RANGE 9 WEST. N.M.P. M.. La Plata County, <br />tiplorado: Section 26: NEI/4NE1/4, SW1/4NE1/4, NE1/4SW1/4, <br />SW1/451~'1/4 <br />S~rllOn 27: Lot 16 <br />TOWNSHIP 34 NORTH. RANGE 9 WEST. N.M.P.M..L? Plata County, <br />Colorado: Section 4: WI/2NW1/4 <br />I.ISS AND EXCEPT that portion described in Deed from W. <br />D. Ewing to South Durango Water District recorded February <br />23, 1966 in Book 498 at Page 188. <br />ALSO LESS AND EXCEPT that portion of the NW114NW1/4 <br />lying and being West of the centerline of the Animas River. <br />ALSO LFSS AND EXCEPT old U.S. Highway 550-160 <br />ll,crcinaftcr the "I.cased Premises"), together with the right to explore for, mine (by open <br />pit, underground, strip, auger or any other method), transport, remove and market all <br />goal Ic:tsed herein: and to the extent lessor has or may have the right and title In grant <br />:,nd Ic~se such ril:l,ts, the right to use as much as the surface of the Leased Premises as <br />may be necessary or reasonably convenient in the exercise of the rights granted Icy this <br />~~: <br /> <br />