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LEGAL DESCRIPTION FOR SPRING CREEK EXPANSION #2 <br />(IE VENTURES' PROPERTY) <br />"SE1/4SE1/4 SECTION 11, TOWNSHIP 49 NORTH, RANGE 10 WEST, NEW MEXICO <br />PRINCIPAL MERIDIAN ALSO: <br />A TRACT OF LAND IN THE NE1/4NE1/4 SECTION 14, TOWNSHIP 49 NORTH, RANGE <br />10 WEST, NEW MEXICO PRINCIPAL MERIDIAN DESCRIBED AS BEGINNING AT THE <br />NORTHEAST CORNER OF SAID SECTION 14, THENCE ALONG THE EAST LINE OF <br />SAID SECTION 14, SOUTH 00°22'35" EAST 681.32 FEET, THENCE NORTH 59°41'46" <br />WEST 767.15 FEET TO THE WEST LINE OF SAID E1/2 NE1/4NE1/4 SECTION 14, <br />THENCE ALONG SAID WEST LINE NORTH 00018'17" WEST 294.30 FEET TO THE <br />NORTH WEST CORNER OF SAID E1/2 NE1/4NE1/4 OF SECTION 14, THENCE ALONG <br />THE NORTH LINE OF SAID SECTION 14, SOUTH 89°59'35" EAST 659.42 FEET TO THE <br />POINT OF BEGINNING, <br />TOGETHER WITH A NON-INCLUSIVE BASEMENT AND RIGHT-OF-WAY FOR <br />INGRESS AND EGRESS AND UTILITY PURPOSES DESCRIBED AS BEING 60 FEET IN <br />WIDTH 30 FEET ON EACH SIDE OF A CENTERLINE TYING TO THE SOUTH LINE OF <br />SUBJECT PROPERTY DESCRIBED AS COMMENCING AT A POINT LOCATED SOUTH <br />00°22'35" EAST 681.32 FEET FROM THE NORTHEAST CORNER OF SECTION 14, <br />TOWNSHIP 49 NORTH, RANGE 10 WEST, NEW MEXICO PRINCIPAL MERIDIAN, <br />THENCE NORTH 59°41'46" WEST 327 FEET FOR THE TRUE POINT OF BEGINNING, <br />THENCE SOUTH 17 EAST 80 FEET THENCE SOUTH 45 EAST TO A POINT 30 FEET <br />WEST OF THE EAST SECTION LINE OF SAID SECTION 14, THENCE SOUTH <br />PARALLEL WITH THE SAID SECTION LINE TO THE SOUTH LINE OF NEIA SAID <br />SECTION 14, COUNTY OF MONTROSE, STATE OF COLORADO" <br />PARCEL NUMBER: 3765-114-00-009 <br />MONTROSE COUNTY ACCOUNT NUMBER: 80008959 <br />SITE ADDRESS: 61007 Kansas Road, Montrose, CO <br />PROPERTY OWNER: O1dCastle S W Group Inc <br />TOTAL ACREAGE: 47.400 acres