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• DATED as of the day and year first set forth above. <br />SELLER: <br />AXIAL BASIN RANCH COMPANY, a <br />Delaware general partnership <br />By: Grace A-B Inc., a Delaware <br />corporation, General Partner <br />By : ~'~ ~US ~~ <br />R. D. Usilton, President <br />By: Grace A-B II Inc., a Delaware <br />corporation, General Partner <br />By: Zi ~ U5 ~1~ <br />R. D. Usilton, President <br />H-G COAL COMPANY, a Delaware <br />• general partnership <br />By: Coalgrace, Inc., a Delaware <br />corporation, General Partner <br />By:~~ US Slt~., <br />R. D. Usilton, President <br />By: Coalgrace II, Inc., a Delaware <br />corporation, General Partner <br />R. D. Usilton, President <br />BUYER: <br />PEABODY DEVELOPMENT COMPANY, a <br />Delaware corporation <br />• By' <br />J. L. Lautenschlager, President <br />-8- <br />