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RECEIVED ~ r- ~.lo„` G <br />~_. ~ <br />' ~ NOV 3 01981 {~ <br />COAL UBLEASE <br />MINED LAND R_ECLAMATIONSCOAl1 <br />COLD, DEPj, 3E CIATURAL RESO~flCF <br />THIS COAL SUBLEASE is made and entered into as of the <br />1st day of May 1980, between FLATIRON PAVING COMPANY, <br />of Boulder, Colorado, and FLATIRON COMPANIES, d/b/a WALDEN <br />COAL COMPANY, of Boulder, Colorado, hereinafter referred to <br />as "WALDEN COAL COMPANY." <br />RECITALS AND INCORPORATION OF LEASES AND SUBLEASES <br />Flatiron Paving Company, by SUBLEASE entered into <br />December 29, 1978, and ASSIGNMENT AND ACCEPTANCE entered <br />into March 1, 1979, between H-E Lowdermilk Co. and Flatiron <br />Paving Company, subleased premises described as follows: <br />South Half of the Southeast Quarter of Section 7 <br />and the North Half of the Northeast Quarter of <br />Section 18, Township 9 North, Range 78 hest, in <br />Jackson County, Colorado, <br />for the purpose of investigating, exploring, prospecting, <br />drilling, mining, producing, transporting and marketing coal <br />and other solid minerals. Said Sublease and said Assignment <br />and Acceptance are incorporated herein and are attached as <br />Exhibit I (Sublease), and Exhibit II (Assignment and Accept- <br />ance). Said Sublease and said Assignment and Acceptance <br />shall together be referred to herein as the "H-E Lowdermilk <br />Sublease." The H-E Lowdermilk Sublease refers to and in- <br />corporates two coal leases dated May 10, 1978, in which H-E <br />Lowdermilk Company is the Lessee of the above-described <br />premises. Those leases, including amendments, referred to <br />in the H-E Lowdermilk Sublease as the "Bourg Lease" (Ex- <br />hibits A and C to the H-E Lowdermilk Sublease) and the <br />"Knowles Lease" (Exhibits B and D to the H-E Lowdermilk <br />Sublease), are also incorporated by reference into this Coal <br />Sublease and shall be referred to as the "Bourg Lease" and <br />the "Knowles Lease." <br />FLATIRON PAVING COh1PANY NOT IN DEFAULT <br />• All payments due H-E Lowdermilk Company as of the date <br />of execution of this Coal Sublease under the terms of the H- <br />E Lowdermilk Sublease and amendments thereto have been paid <br />