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<br />DISPLAY # t BYE.
<br />SCAN DATE IZ'29'0y COAL MINING LEASE
<br />THIS COAL MINING LEASE reinafter referred to as 'Lease') is made and entered
<br />into as of this s~~ day of ~ ORADO, b and throu9 h`~its(° Boa dw of aCounty
<br />and between ROUTT COUNTY, Y 9
<br />Commissioners with a mailing address of Post Offce Box 773598, Steamboat Springs,
<br />Colorado 80477 (hereinafter referred to as °LESSOR7 and JUNIPER COAL COMPANY, a
<br />Delaware corporetion wfth an address of 701 Market Street,~Suite 716, St. Louis, Missouri
<br />63101 (hereinafter referred to as 'LESSEE').
<br />WITNESSETH THAT:
<br />v 1. LESSOR in consideration of '" Sand Eiahh nd 00/100 Dollars (54 080 001 ,paid
<br />by LESSEE to LESSOR, being the first year's rental payment receipt of which is hereby
<br />acknowledged, and in further consideration of LESSEE'S agreement to pay Three and 001100
<br />QyPa"s fS3 00) per acre-annu lly as. Centel on~or before the anniversary date of this Leaseso
<br />long as said Lease shall remain in effect; and of the covenants and agreements set forth
<br />herein, does hereby GRANT, LEASE, DEMISE AND LET exclusivety to LESSEE all of
<br />LESSOR'S RIGHTS, TITLE AND INTEREST to all wal and all seams, veins or beds of coal
<br />(hereinafter referred to as "Coal') situated, lying or, being in, or under the following described
<br />real property situated in Routt County, Colorado:
<br />Township 5 Korth Rance 88 Nre t 6th P M
<br />Section 19: Lots 11, 12, 15 and 16 (also described as SW1/4) and the NE7/4
<br />Section 30: Lots 5, 6, 9, and-10 (also described as NW1/4), 11 and 12 (also .
<br />described as N7/2 SW114).and the E1/2
<br />Section 31: -Lots 5, 6, 9, 10, 13, 14, 17 and 18. (also described. as W1/2) and the
<br />NE114 . -
<br />containing 1,360.00 acres, more or less:.
<br />(hereinafter referred to as 'Property'), together with full dghts, liberties, power and authority to
<br />evaluate for testing, surveying, exploring, conducting core ddlling, mining, operating, producing
<br />and transporting all grades and kinds oT Coal and their respective constituent products and
<br />substances wntained in said Coal or found associated therewth, undedying said Property, end
<br />to Zook for, test, work, mine, excavate, raise, clean, carry away and sell said Coal and other
<br />minerals intermingled, associated and mined therewith (hereinafter referred to as °By-products°)
<br />from the mines, beds, seams, pits and Property hereby leased by any surface or underground
<br />method of mining, whether now or hereafter known, incuding, but not limited to, longwall,
<br />surface and auger methods of mining, along with the right to subside all strafes between the
<br />mine and surface of said Property; to excavate pits, to sink shafts, to make, use and occupy
<br />openings, tunnels and underground passages (now existing or hereafter opened), to strip
<br />seams, veins grid beds, and to dispose of and pile up the overburden removed in sinking shafts
<br />and in stripping such seams, veins and beds in,~under said Property, and to erect, use.and
<br />maintain buildings, engines, machinery, appliances, devices, wells, roadways, housing, railroad
<br />tracks, water ways, openings, ditches, power and communication lines, and without limitation,
<br />structures and facilities (all of the same being hereinafter called 'Improvements') in or under
<br />said Property and each and every part thereof, and from time to time to relocate all or any part
<br />of the same, as LESSEE may desire or deem convenient in the course of its operations on said
<br />Property or on adjacent or nearby lands now or hereafter held, owned or leased by LESSEE,
<br />with the right on the part of the LESSEE to remove any and atl of said Improvements so made
<br />by it upon the termination of this Lease, or prior thereto, at Rs sole discretion, and with the right
<br />'dn the part of the LESSEE to use said openings, tunnels and underground passages as
<br />LESSEE may desire or deem convenient in its operations on said Property or on said adjacent
<br />or nearby lands, including tfie ~transp~ortaiiomoF coaLacross ibis P:cperty mined from property
<br />not the subject of this Lease, wthout additional charge, and with full right of ingress and egress
<br />in connection with the exercise of any and all of said rights.
<br />2. This Lease shall commence on the date set forth above, and shall continue and remain in
<br />rU o ( 1 years hereinafter called "Primary Term'), commencing
<br />~ effect for the full term of tw~n[v fv 35-..~_
<br />T on the Effective date of this Lease, and so long thereafter as coal and respective constdueM
<br />products and substances contained in said Ceal or found associated therewith or other minerals
<br />intermingled, associated and mined therewith are being produced from the Property and
<br />Intial:
<br />Initial:
<br />473048 B-729 P-158 01/14/1997 01:56P PG 1 OF 6 REC Doc
<br />Kay Weinland Routt County Clerk & Recorder 31.00
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