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1 <br />UNITED STATES <br />DEPARTMENT OF THE INTERIOR <br />BUREAU OF LAND MANAGEMENT <br />COAL EXPLORATION LICENSE <br />Serial Number COC-73016 <br />Issue Date: September 01 2008 <br />Expiration Date: September 01.20 10 <br />This license, entered into on, September 01 2008 by the United States of America, the licensor, through the Bureau <br />of Land Management (BLM), and <br />Colorado Coal Resources, TLC <br />Attn: George Wagner <br />701 Market St. <br />St. Louis, MO 63101 <br />the licensee, is hereby issued under the Mineral. Leasing Act of 1920, as amended (30 U.S.C. section 181 et se ) and <br />is subject to all applicable Federal, State, and local laws and regulations, including Title 43, Code of Federal <br />Regulations (CFR), Part 3400. <br />Sec. 1. RIGHTS UNDER LICENSE-This license confers the right to perform exploration operations in accordance <br />with the terms and conditions of this license, the approved exploration plan, and applicable regulations in the <br />following-described lands situated in the State of Colorado: <br />T. 5N., R. 87 W., 6th P.M. <br />sec.4, All; <br />sec.5, Lots 2-3, 5-6; <br />sec.6, Lot 8; <br />sec.8, SENE, SESE, N2SE; <br />sec.9, All; <br />sec. 17, NENE; <br />sec. 21, NE, E2SE, NWSE; <br />sec. 22, N2, W2SW; <br />sec. 27, NWNW; <br />T. 6 N., R. 87 W.; 6th P.M. <br />sec. 29, SWNE, S2NW, S2; <br />sec. 31, E2, E2NW, NESW; <br />sec. 32, W2NE, SE, W2; <br />sec. 33, W2SW; <br />The area described contains approximately 3,980 acres. <br />This license is issued for a period of two years and shall confer no right to a lease. It shall not be extended; however, <br />the licensee may apply for a new exploration license to be issued simultaneously with the expiration of this license. <br />The issuance of this license shall not preclude the issuance of a coal lease at such time and to such persons as r called the <br />authorized deemed appropriate by the BLM State Director or by his delegated n r ?e those 1 dtecommoa to both lease and <br />officer." If a coal lease is issued for lands included in this exp <br />license shall be canceled from the license effective the date of lease issuance.