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ASSIGPIME' AND ASSUMPTION OF MINING LEASE This Assignment end Assumption of Plining Lease dated effective December 9, 1987 between Cliffs Engineering, Inc. ("CEI"), a Colorado corporation, and L. C. Holdlcgs, Inc. ("LCH"), a Delaware corporation. 'dHEREAS, CEI is January 1~1, 1987 from Marg% and Joann T. Sharp (colle~. recorded in the records oT wi.h Reception No. 87023: Jefferson County, Colorado, Township 2 South, ange 70 West, 6th P.M. Section 4: TF. portion of the W;NW; lying west of the present ri ~ of way of Co]orado State Highway 93. Section :,: ~ por`ion of the NE; lying east of the eastern cam.-. c~ Cool Cr=ek; and WHEREAS, CEI desi~ s to assign that lease to LCH and LCi; is willing to accept that assignment a ;assume all obligations thereunder; `JO'd, THEREFORE, for 810.00 and other good and valuable consideration, the receipt ~d adequacy of which are acknowledged, CEI assigns to LCH al i of its right, *le, and inierest in and to the said lease and land, without warranty cr ~-::resentation of title or lease status, subject to the provisions of this Assi went and Assumption. LCH hereby assum provisions of the lease ac indemnifies and holds CEI h accruing from and after th, to defend CEI against any c made against CFI. `.he lessee and holder of a mining lease dated •et M. Hogan, Edward G. Hogan, William J. Hogan, ively the "Hogans"), a memorandum of which was efferson County, Colorado, nn February 23, 19e7 i, covering the following described land in o wit: and agrees to comply with all the terms anc ruing from and after December 9, 1987, and LCh m~less from any expense, obligation, or liahility date pursuant to the lease. LCH further agrees aim of such obligation or liability which may he This Assignment :nd Assumption is contingent upon the consent thereto by all of the Hoga ~ on or before J~tary. 4, 1988, as evidenced by execution by them of a dupl _ate original of this~P,ssiynnient and Assuniptiori. /~ //7i1/F/Cf~ i~~(.l