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<br />UNITED STA"FES
<br />DEPARTMENT OF THE INTERIOR Serial No.: C:OC-61209
<br />BUREAU OF LAND ?4AN:AGE??IIiN'T Date of Lease: September 1, 2000
<br />MODIFIED COAL LEASE
<br />PART I.
<br />Novemb r
<br />THIS MODIFIED COAL LEASE is entered into one X01, 2008 by and between the UNITED STATES OF AMERICA,
<br />hereinafter called the Lessor, through the Bureau of Land Management, and
<br />Bowie Resources, LLC
<br />Attn: Collin L. Stewart
<br />Paonia, CO 80215
<br />hereinafter called Lessee.
<br />This modified lease shall retain the effective date June 1, 1982, of the original COAL LEASE COC-61209, and is effective for a
<br />period of 20 years therefrom, and for so long thereafter as coal is produced in commercial quantities from 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 />See. 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-61209, 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 />Tract 1.
<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 B and D seams in the lands described below as Tract 2.
<br />Original Lease:
<br />Tract 1: T. 12 S., R. 91 W., 6`h P.M.
<br />sec. 33, lots 1 through 3, inclusive, lots 6-11 inclusive, 14-16 inclusive, SE1/4NW1/4, and S1/2NE1/4;
<br />sec. 34, lots 1-16 inclusive, and Sl/2N1/2;
<br />T. 13 S., R. 91 W., 6"' P.M.
<br />sec. 2, SW1/4NW1/4, NWl/4SW1/4, and E1/2SW1/4;
<br />sec. 3, lots 1-4 inclusive, S1/2N1/2, andN1/2S1/2;
<br />sec. 4, lots 1-4, inclusive, S1i2N1/2, and SI/2;
<br />sec. 5, SE1/4SW1/4, and S1/2SE1/4;
<br />sec. 8, NEE /4;
<br />sec. 9, NW1/4, N1/2SW1/4, NE1/4SW1/4SW1/4, and SE1/4SW1/4;
<br />sec. 11, NEIANW1/4.
<br />3,210.82 acres, in Delta County, Colorado.
<br />Modificminn 1
<br />Tract 2 T. 13 S.. R. 91 W.. 6`'' P.M.
<br />+ec. 9. NE1,4SW1'3SW1/4, and SE1/-1SW1/4.
<br />SU t)(-1 acres in Delta County, Colorado.
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