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• IN WITNESS WHEREOF, the parties hereto have executed this <br />Agreement intending that it be valid and effective from and after <br />the date first written above. <br />SELLER: <br />AXIAL BASIN RANCH COMPANY, a Delaware general <br />partnership <br />By: Grace A-B Inc., a Delaware <br />corporation, General Partner <br />R. D. Usilton, President <br />By: Grace A-B II Inc., a Delaware <br />corporation, General Partner <br />By : ~~ uS ~-r <br />R. D. Usilton, President <br /> <br />H-G COAL COMPANY, a Delaware general <br />partnership <br />By: Coalgrace, Inc., a Delaware <br />corporation, General Partner <br />By: ~~ US.9.1.v~, <br />R. D. Usilton, President <br />By: Coalgrace II, Inc., a Delaware <br />corporation, General Partner <br />Ey: ~~ USA <br />R. D. Usilton, President <br />BUYER: <br />-15- <br />PEABODY DEVELOPMENT COMPANY <br />