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ASSIGNMENT AND TRANSFER OF <br />FEDERAL COAL PROSPECTING PERMITS NO. C-8424 AND C-8425 <br />• APPLICATION FOR THE ISSUANCE OF A FEDERAL COAL LEASE <br />AND ALL RIGHTS TO THE ISSUANCE OF A FEDERAL <br />COAL LEASE OR LEASES AR151NG THEREUNDER <br />KNOW ALL MEN BY THESE PRESENTS: <br />Moon Lake Electric Association, Inc. ("Moon Lake"), a Utah corporation, <br />for value received does hereby assign, transfer and convey unto Western Fuels- <br />Utah, Inc. ("Western Fuels-Utah"), a Wyoming corporation, all of its right, <br />title and interest in and to Coal Prospecting Permits No. C-8424 and C-8425 <br />issued by the United States Department of Interior, covering approximately <br />3,112.22 acres located in Rio Blanco County, Colorado, as more particularly <br />described in said Coal Prospecting Permit, together with all of its right, title <br />and interest in and to any and all applications for the issuance of a preference <br />• right lease or leases heretofore filed by Moon Lake under date of June 26, 1972 <br />and re-application dated January 18, 1977, and further together with all of <br />Moon Lake's right, title and interest in and to the issuance of any preference <br />right tease or leases arising by virtue of said Coal Prospecting Permit and <br />Application. <br />Moon Lake warrants that it holds title to and by this assignment does <br />convey to Western Fuels-Utah, good and marketable title to the aforedescribed <br />Prospecting Permit and Application for Lease. <br />Moon Lake reserves an overriding royalty of five cents per ton from any <br />coal produced under the lease arising out of the aforedescribed Prospecting <br />Permit and Application for Lease. <br />• EXHIBIT B -page 1 <br />