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<br />~ ~ ~~~ u~~~ ~~~~ ~~~~~~~~ ~~~~ ~~~~~~~~~~~ <br />cosec eenL/Ltroe Nr11Y ee» nu tllLiE <br />L .r ~ e xl.ee a e.ee a e.ee a.Keltee Itteltxostl co <br />MEMORANDUM AGREEMENT FOR <br />~`-~ COAL MINING LEASE <br />Made ea of lhelOtleay of Sept. _ 1999 ('Lease Date'), F eNK Np nay O ,,enr <br />("Leowr, whether one or more), wrth address at BB b 2780 ROAD. P.O. ROX 4. NLu_LA. <br />COLORADO 81424. for good and valuable correideretion, Ole aumaeray and receipt of whkh Ia <br />hereby adoroWadged by Leaaor by a coal rNrring lease (ihe'Leaee~ dated tlris soma day. Lessor <br />hereby !cosec to Westam FuelsCobreda, A LaNted LiabAtry Comparry, a Colorado Arrilted liability <br />canparry ('Leseee7, the fotloudrp described land (Property') and tla coal mineral deposits ('Coal <br />located in, on end under Ora Property: <br />T49N. R18W. N.M.P.M. <br />-SECTION 7: NE1/4 NE7/4 (also pawn as Lot 1), NWt/4 NEt/4 (also knovm as Lot 2), <br />NEtl4 NW1/4 (also knoxrn as Lot 3), N1/1 N72 SW1/4 NE1/4, and N/2 N12 <br />SEt/4 NWt/4 <br />containing ,19Q acres, more or less, with aA of the fights ('Rights b conduct min'urg activlAes es <br />described In SecOon 3 of Ode Lease. <br />BY THE LEASE, LESSOR WTENDS TO IFASE TO LESSEE ALL OF LF_SSOR'S RIGHT, <br />TITLE AND INTEREST IN THE COAL IN, ON OR UNDER THE PROPERTY, UPON THE TERMS <br />AND CONDITIONS STATED FIEREOL <br />1. IE®. TNs Lease ahdl be In egecl for twenty (20) yeas remmeAdng M the Lease <br />Data stated above and for so bng Olerealter ss: (a) coal K produced in commerdal quantities from <br />• ~~i th leased lands, (b) Ure Property b 6e'vp nedaimed par the requlremenls of Ure rrdNng permit <br />covartng Oa Properly fasrred M the Cdorado Divlaim of Mirarels and Geobgy, Ol6ce of M'urad Land <br />Redamadon. <br />Nohn'thstandmg arty other provisbns made In fhb Lease to Oa wntrary. Lessee shaA have <br />the fight at any Ome, upon ea heals d at !seat Odrty (30) days advance wrteen ratite a Lessor, a <br />terminate this lease egeelive on December 31 of any year, but Lessee must pay to Lessor all <br />artaunts, if arty, due under Ore terms of Gds Lease to Oa day prevloua to Ore etfecOve date of <br />termination. <br />Alter expkation or lemi6wtbn of Oda lease, lessee sheA have an additional nhaty (fHn days <br />during which Lessee shell have ere dpht a re-order th Property and ranove as of Lasseeb property <br />hom the Property, and thereseer, ec and when required bll law, and oral such Ome as Lessee b <br />released b1r a0 appropriate regulatory agencies, Lessee ahaA have the right to perform redamaOon <br />and environmental work on and respectlnp Oa Properly, provided however, Mat reclamation end <br />env(rorunentel work chap be parfonned in a reasonade and timely manner eRer temdna0on of the <br />lease. <br />2 )3mleltlm. Lessee ahaA pay to Lessor royaNes and other payments as sOpulated in <br />Ore Lease. <br />v <br />r <br />U <br />t. ~~9r!- <br />Attachment 2.03.6-1-43 <br />