|
UNITED STATES
<br />• DEPARTMENT OF THE INTERIOR
<br />BUREAU OF LAND MANAGEMENT
<br />MODIFIED COAL LEASE
<br />Serial No.: Ct?C-8424
<br />Date of Lease: June 1, 1982
<br />PART I.
<br />THIS MODIFIED COAL LEASE is entered into on September O1, 2007 by and berveen the UMTED STATES OF AMERICA,
<br />hereinafter called the Lessor, through 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 I, 1982, of the 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 Pram the leased lands, subject to
<br />readjustment of lease terms at the end of the 20th lease year (June 1, 2002), and each 10-year period thereafter.
<br />Sec. 1. This lease is issued pursuant and subject to the terms and provisions of the Mineral Lands Leasing Act 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 formal orders of the Secretary of the Interior
<br />which are now or hereafter in force, when not inconsistent with the express and specific provisions herein.
<br />Sec. 2. Lessee as the holder of Coal Lease COC-8424, issued effective June 1, 1982, was granted the 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 />ract 1.
<br />The Lessor inconsideration 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 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 />Original 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''/z, E%zW'/;
<br />sec. 31, Lots 1-4, inclusive, E''/s, E % W % ;
<br />sec. 32, N'/, N'/zS'/:, and S'/zSW'/.,;
<br />sec. 33, SW%NW%, and NtiV%SW%.
<br />Modification
<br />2,552.32 acres, Rio Blanco County, Colorado.
<br />Tract 2: T. 3. N., R. I OI W., 6th P.M.
<br />sec. 28, S % S %aNW'/,, and N'/ SE%.
<br />• 120.00 acres, Rio Blanco Caunty. Colorado
<br />
|