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5/13/81 • Anchor shall have the option for sixty (60) days after termination to have Bear assign to it any governmental permits or authorizations held by Beac, and to purchase from Hear at fair market value any equipment or machinery used by Bear, in connection with coal mining operations on the properties subject to the Sublease or the Roberts Lease. If Anchor wishes to exercise the option, it shall do so by delivering written notice of same to Bear within that sixty (60) day period. The notice shall describe the permits to be assigned, the equipment or machinery to be purchased, and the proposed purchase price at same. Promptly after receipt of Anchor's notice, Bear shall exercise its best efforts to assign to Anchor the permits described in Anchor's notice. Bear shall also promptly execute and deliver to Anchor a bill of sale and zny other instruments necessary to convey to Anchor clear title to the equipment and ,nachinery described in Anchor's noti^e, and Anchor shall pay • the purchase price to Sear. If Bear disagrees with the purchase price described in Anchor's notice, it shall advise Anchor within seven (7) days after receipt of the notice and shall specify what it believes the fair market value should be. If Bear and Anchor cannot agree on the fair market value within the next thirty (30) days, they shall select a disinterested third party experienced in the underground coal mining business to provide a written appraisal of the fair market value of the equipment and machinery described in Anchor's notice. The results of that appraisal shall be binding on both parties, and the cost of the appraisal shall be borne by the patty whose proposed purchase price was farthest from the appraisal price. 9. Notices. All notices and payments. under this Agreement shall be deemed effective and made three (3) days after they have been delivered into the United States • 5 _ l .~ ~`~ / C'