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UNITED STATES
<br />DEPARTMENT OF THE INTERIOR Serial No.: CoC-6424
<br />BUREAU OF LAND MANAGEMENT Date of Lease: .Tune 1. 1962
<br />MODIFIED COAL LEASE
<br />PART I.
<br />THIS MODIFIED COAL LEASE is entered into on September Ol, 2007 by and behveen the UNITED STATES OF AMERICA,
<br />hereinafrer called the Lessor, duough the Bureau of Land Management, and
<br />Blue Mountain Energy, Inc.
<br />10714 So. Jordan Gateway, #300
<br />South Jordan, Utah 84095
<br />hereinafter called Lessee
<br />This modified lease shall retain the effective date June 1, 1982, of Ste original COAL LEASE COC-8424, and is effective for a period
<br />of 20 years therefrom, and for so long thereafter as coal is produced in commercial quantities from the leased lands, subject to
<br />readjustment of lease terms at the end of the 20th lease year (June 1, 2002), and each l0-year period thereafter.
<br />Sec. I. This lease is issued pursuant and subject to the terms and provisions of the Mineral Lands Leasing Ac[ of 1920, as amended,
<br />41 Stat. 437, 30 U.S.C. 181-287, hereinafter referred to as the Act; and to the regulations and foanal orders of the Secretary of the Interior
<br />which are nosy or hereafter in force, when not inconsistent with the express and specific provisions herein.
<br />Sec. 2. Lessen as the holder of Coal Lease COC-8424, issued effective Tune 1, 1982, was granted rite exclusive right and privilege to
<br />drill for, mine, extract, remove or otherwise process and dispose of the coal deposits in, upon, or under the lands described below as
<br />Tract t.
<br />The Lessor in consideration of fair market value, rents and royalties to be paid, and dte conditions and covenants to be observed as
<br />herein set forth, hereby grants and leases to lessee the exclusive right and privilege to drill for, mine, extinct, remove, or otherwise
<br />process and dispose of the coat deposits in the lands described below as Tract 2.
<br />The Lessor in consideration of fair market value, rents and royalties to be paid, and the conditions and covenants to be observed as
<br />herein set forth, hereby grants and leases to lessee the exclusive right and privilege to drill for, mine, extract, remove, or otherwise
<br />process and dispose of the coal deposits in the lands described below as Tract 3.
<br />Orieinal Lease
<br />Tract 1: T. 3 N., R. 101 W., 6'" P.M.
<br />sec. 29, all;
<br />sec. 30, Lots I-4, inclusive, E`~, E'/:W'/;
<br />sec. 31, Lots 1-4, inclusive, Eh, E'/ W'/;
<br />sec. 32, N'/z, N'/zS'h, and S'/:SW'/,;
<br />sec.33, SW'/,NW'/, and NW'/,SW'/.
<br />2,552.32 acres, Rio Blanco County, Colorado.
<br />Modification
<br />Tract 2: T. 3. N., R. ]Ol W., 6th P.M.
<br />sec. 28, S'/zS'hNW'/,, and N%:SE%.
<br />120.00 noes, Rio Blanco County. Colorado
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