2009-01-08_PERMIT FILE - C1981008A ‎(4)‎

• Permit No: C1981008A
• IBM Index Class Name: Permit File
• Doc Date: 1/8/2009
• Doc Name: Evidence of Right of Entry
• Section_Exhibit Name: Section 2.03 Attachment 2.03.6-1
• Media Type: D
• Archive: Yes

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v 2. QPTION TERM. The term of the option shall commence on
the date of this agreement, and shall and at 5:00 p.m. on the
anniversary date of the date of closing this agreement in 2008
(The "Option Term").
3. PoRCHASH PRICE. The purchase price payable for the
Property, which Purchaser egress to pay if it exercises the Option,
will be as par the Option Agreement.
4. BXERCISB OF OPTION. If Purchaser elects to exercise the
Option, it may do so only by delivery to Seller, between the hours
of 9:00 a.m. and 5:00 p.m., on any weekday prior to the expiration
of the Option Term, of (a) written notice of such exercise, and (b)
written notice o£ the date, time end pleas of the closing.
Delivery of the notices ae required under this Section 5 shall be
sufficiently delivered and shall be deemed delivered only if and
when personally delivered to: ~~
James K. Johnson and Ruth E. Johnson
P.O. Box 607
26823 BB Road
Nucla, CO 81424
The date on which such notice is delivered to Seller is
referred to herein as the "Exercise Date." If the Option is
exercised pursuant 'to the terms of this Agreement, this Agreement
• ~~i"1 shall become a binding purchase agreement obligating the parties to
close the sale of the Property pursuant to the terms hareof.~
5.' CLOSING DATE AND POSSB.SSZON. The parties hereto agree
that closing shall occur two hundred forty (240) days after the
Exercise Date, or as soon thereafter ee possible, unless postponed
by the terms of this Agreement or by further agreement of the
parties, and shall be bald at a time and place suggested by
Purchaser by its notice and mutually agreed upon by the parties
hereto. Seller shall deliver possession of the Property on the
date of closing.
6. P~(#iCNASBR'S LICENSB AND RIGHT OF ACCESS. Seller under-
stands and acknowledges that Purchaser now operates a coal mina on
property near the Property that ie the subject of the Option, and
that Purchaser has certain needs to access property in the area for
purposes of its continuing operations, exploration, inveatigationa
end planning. In consideration of the Option Conaideratlon,
Saller,~during the Option Term, including all renewals thereof,
grants to Purchaser a license to inspect end test the Property.
Purchaser's rights of access shall include the rights:
(a) io drill, take core samples, survey, map and
otherwise evaluate the cool underlying the Property, and to
perform environmental end cultural resource studies;
~~

Attachment 2.03.6-1-~t8