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<br />A <br />ennf 8`75PA~F537 <br />72 DEGREES 45 MINUTES EAST 122 FEET, THENCE SOUTH <br />'~ 16 DEGREES 45 MINUTES WEST 132 FEET, THENCE WEST <br />..,J 245.5 FEET, THENCE NORTH 223 FEET TO POINT OF <br />BEGINNING, AND EXCEPTING THEREFROM THE FOLLOWING <br />DESCRIBED PROPERTY: <br />A TRACT OF LAND IN THE SOUTHWEST Y. OF SECTION 31, <br />TOWNSHIP 47 NORTH, RANGE 15 WEST, NEW MEXICO <br />PRINCIPAL MERIDIAN DESCRIBED AS COMMENCING AT A <br />POINT ON TOWNSHIP UNE WHERE SOUTHWEST CORNER OF <br />SAID SECTION 31 BEARS WEST 1443 FEET, THENCE NORTH, <br />PARALLEL TO THE WEST BOUNDARY LINE OF SAID <br />SECTION 31, B00 FEET, THENCE EAST PARALLEL 70 THE <br />SOUTH BOUNDARY LINE OF SAID SECTION 31, 300 FEET, <br />THENCE SOUTH PARALLEL TO THE WEST BOUNDARY UNE OF <br />SAID SECTION 31, B00 FEET, THENCE WEST ALONG SAID <br />SOllTF{ BOUNDARY UNE OF SAID SECTION 31, 300 FEET, <br />MORE OR LESS TO THE POINT OF BEGINNING, COUNTY OF <br />MONTROSE, STATE OF COLORADO <br />(Ne'Lease Property') together with all rights and privileges to conduct surface, auger and/or <br />underground mining activities end related operations. Lessor also grants unto Lessee, its <br />successors and assigns, upon the terms end conditions set forth in this Memorarulum end the <br />' Coal Lease, en option on the coal mineral deposits ('Option Coal') located in, on and under <br />the following descrihed land In Monvosa County, Colorado: <br />• '~ ALL THAT PORTION OF THE FOLLOWING DESCRIBED PROPERTY SITUATE <br />OUTSIDE OF AND BEYOND THE BOUNDARIES OF LOTS 3 AND 4 OF SECTION 37, <br />TOWNSHIP 47 NORTH, RANGE 15 WEST, N.M.P.M., TO-WTT: <br />COMMENCING AT A POINT ON TOWNSHIP LINE WHERE <br />SOUTHWEST CORNER OFSECTION 31,TOWNSHIP 47NORTH, <br />RANGE 16 WEST, NEW MEXICO PRINCIPAL MERIDIAN, BEARS <br />WEST 1062 FEET, THENCE NORTH 1058 FEET, THENCE <br />SOUTH 53 DEGREES 20 MINUTES EAST 92 FEET, THENCE <br />SOUTH 74 DEGREES 15 MINUTES EAST 90.6 FEET, THENCE <br />SOUTH 72 DEGREES 45 MINUTES EAST 122 FEET, THENCE . <br />NORTH 16 DEGREES 30 MINUTES EAST 357 FEET, THENCE <br />NORTH 70 DEGREES 30 MINUTES WEST 407 FEET, THENCE <br />NORTH 1243 FEET,THENCE EAST 1062 FEET,THENCE SOUTH <br />2640 FEET TO TOWNSHIP LINE, THENCE WEST ALONG <br />TOWNSHIP UNE 1062 FEET TO PLACE OF BEGINNING, EXCEPT <br />THAT PART DESCRIBED AS FOLLOWS: <br />A TRACT OF LAND IN LOT 4, SECTION 31, TOWNSHIP 47 <br />NORTH, RANGE 7 5 W EST, NEW MEXICO PRINCIPAL MERIDIAN <br />DESCRIBED AS BEGINNING AT THE SOUTHWEST CORNER OF <br />SAID SECTION 31, THENCE EAST 1062 FEET, THENCE NORTH <br />.~ <br />• <br />Attachment 2.03.6-1-39 <br />