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ennlr ~2rcr4~(~ <br />BY THIS LEASE, LESSOR INTENDS TO LEASE TO LESSEE ALL OF LESSOR'S RIGHT, <br />TITLE AND INTEREST IN THE COAL IN, ON OR UNDER THE Benson East Property, UPON THE <br />• ~ TERMS AND CONDITIONS STATED HEREIN. <br />3. IEma. This Lease shall be in effect for ten (10) years commencing on the Lease Date <br />stated above and for so long thereafter as: (1) coal is produced in commercial quantities from the <br />leased lands or any part thereof, or any contiguous or nearby lands as a part of a continuous or <br />integrated mining operation or mining plan, (2} the Benson East Property is being reclaimed per the <br />requirements of the mining permit covering the Benson East Property issued by the Colorado <br />Division of Minerals and Geology, Office of Mined land Reclamation and (3) all reclamation bonds <br />issued on the Benson East Property are fully released. <br />Notwithstanding any other provisions made in this Lease to the contrary, Lessee sha{I have <br />the right at any time, upon the basis of at least thirty (30) days advance written notice to Lessor, to <br />terminate this Lease effective on December 31 of any year, but Lessee must pay to Lessor all <br />amounts, if any, due under the terms of this Lease to the day previous to the effective date of <br />termination. <br />Alter expiration or termination of this Lease, Lessee shall have an additional ninety (90) days <br />during which Lessee shall have the right to re-enter the Benson East Property and remove all of <br />Lessee's properly from the Benson East Property, and thereafter, as and when required bylaw, and <br />until such time as Lessee is released by all appropriate regulatory agencies, Lessee shall have the <br />right to perform reclamation and environmental work on and respecting the Benson East Property, <br />provided however, that reclamation and environmental work shall be performed in a reasonable and <br />timely manner after termination of the Lease. <br />. ~~ 4. Sneciat Riahtc_ of Lac_see. In addition to whatever rights Lessee may have by <br />implication of law hereunder, Lessor spec~cally grants to Lessee the following exclusive rights <br />('Rights'): <br />(a) to drill, take core samples, survey, map and otherwise evaluate the Coal, and <br />to perform environmental and cultural resource studies. Lessee will be liable for the destruction of <br />growing crops and field improvements, provided, however, that once Lessee provides six (6) months <br />notice to cease irrigating and other farming operations, Lessee shall no longer be liable for crop or <br />field improvement losses. <br />(b) to mine, extract, remove, process, market or otherwise use the Coal, including <br />mining by the strip, auger and/or any other methods now or hereafter in existence. Upon payment <br />of royalties due, Lessor relinquishes any ownership right of coal under this lease. It is expressly <br />agreed that Lessee has the right to damage the surface and any surface improvements during <br />mining operations. However, Lessee agrees to reclaim the surface (and is required by law to do so} <br />to standards that will be included in mining permits issued by the State of Colorado. <br />(c) of free access to, in, from and across the Benson East Property and the Coal <br />with any persons, tools, machinery, and appliances, and also the right to install, maintain, use and <br />change buildings, fipples, railroad tacilities, conveyors, roads, haulage ways of all kinds, pumping <br />stations, pipelines, powerlines, ditches, storage facilities, substations, excavations, pits, openings, <br />stockpiles, mine refuse disposal areas, drains, dams, ponds, natural and/or artificial water courses, <br />and any other facility, and to undertake any other thing or use necessary or convenient for exercising <br />the Rights otherwise specified in this Section 3, all with respect to the mining of the Coat and with <br />~ respect to the mining of other coal on other lands situated in the same township(s) in which the <br />