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PROPERTY DESCRIPTION
<br />POND AFTER MINING
<br />A tract of land located In Sections 10, 11, 14 and 15 in Township
<br />36 North, Range 9 West of the New Mexico Principal Meridian. Lo
<br />Plata County, Colorado, being more particularly described as
<br />follows:
<br />COMMENCING at the north one-sixteenth corner between sold
<br />Sections 14 and 15, whence the northwest corner of Section 14
<br />bears N 00'39' 55" £, a distance of 1316.01 feet;
<br />THENCE N 42'26'44" E, o distance of 119.34' to the POINT OF
<br />BEGINNING;
<br />THENCE N 77'23'38" W. a distance of 137.55 feet;
<br />ENCE along a curve to the right, having a radius of 72.22 feet,
<br />internal angle of 101'42'27", a chord that bears N 26'32'25" W.
<br />for 112.01 feet, a distance of 128.19 feet:
<br />THENCE N 24'18'49" E. a distance of 176.70 feet;
<br />THENCE along a curve to the left, having a radius of 102.78 feet,
<br />on internal angle of 96'57'49" a chord that bears N 2410'06" W
<br />for 153.92 feet, a distance of 173.95 feet:
<br />THENCE N 72'39'00" W, a distance of 214.75 feet;
<br />THENCE along o curve to the right having a radius of 62.22 feet,
<br />an internal angle of 119'48'23 a chord that bears N 12'44'49" W.
<br />for 107.65 feet, a distance of 130.09 feet;
<br />THENCE S 47'09'23" W. a distance of 166.63 feet;
<br />THENCE along a curve to the left having a radius of 227.78 feet,
<br />an internal angle of 42'26'01", a chord that bears N 2556'23" E
<br />for 164.87 feet, a distance of 168.70 feet;
<br />THENCE N 04'43'22" E, a distance of 179.98 feet;
<br />THENCE along a curve to the right having aradius of 222.22 an
<br />internal angle of 7946'56', a chord that bears N 44'36'50" E for
<br />285.03 feet, a distance of 309.43 feet'
<br />THENCE N 84'30'18' E. a distance of 263.28 feet:
<br />THENCE along a curve to the left having a radius of 327.78 feet
<br />an internal angle of 38'56'44", a chord that bears N 65'01'56" E
<br />218.54 feet, a distance of 222.81;
<br />rENCE N 45'33'34" E. a distance of 626.71 feet;
<br />THENCE along a curve to the right having a radius of 72.22 feet,
<br />an internal angle of 42'04'42 a chord that bears N 66'35'55" E
<br />for 51.85 feet, a distance of 53.04 feet;
<br />THENCE N 87'38'16' E. a distance of 202.40 feet;
<br />THENCE S 32'14'46" W, a distance of 168.21 feet;
<br />THENCE along o curve to the left having a radius of 227.78 feet,
<br />an internal angle of 56'36'30" a chord that bears S 03'56'30" W
<br />for 216.01 feet, a distance of 225.05 feet;
<br />THENCE S 24'21'45" E. a distance of 221.98 feet;
<br />THENCE along a curve to the right having a radius of 222.22 feet,
<br />an internal angle of 44'49'44", a chord that bears S 01'56'53" E
<br />for 173.86 feet, a distance of 169,46 feet:
<br />THENCE S 20'27'59" W, a distance of 191.95 feet;
<br />THENCE along a curve to the left having a radius of 327.78 feet,
<br />an internal angle of 38'25'14", a chord that bears S 011622" W
<br />for 215,71 feet, a distance of 219.80 feet
<br />EXHIBIT
<br />LOCATED IN SECTIONS
<br />&15, T36N,E9W,
<br />LA PLATA COUNM COLORADO
<br />THENCE S 17'57'15' E, a distance of 312.93 feet;
<br />THENCE along a curve to the right having a radius of 57.22 feet,
<br />on internal angle of 106'20'20", a chord that bears S 35'12'55' W
<br />for 106.19 feet, o distance of 91,59 feet;
<br />THENCE S 88'23'05" W, a distance of 322.88 feet;
<br />THENCE along a curve to the left having o radius of 277.78 feet,
<br />an internal angle of 43'45'06", a chord that bears S 56'30'32" W
<br />for 212.12 feet, a distance of 207.00 feet:
<br />THENCE S 4437'59' W, a distance of 118.59 feet;
<br />THENCE along a curve to the right having o radius of 572.22 feet,
<br />an internal angle of 57'58'23" a chord that bears S 73'37'11" W.
<br />for 578.98, a distance of 554.59 feet to the POINT OF BEGINNING.
<br />Sold tract contains 39.8 acres, more or less.
<br />BERM & ACCESS ROAD
<br />A tract of land located In Section 15, Township 36 North, Range 9 West of the
<br />New Mexico Principal Meridian, Lo Plata County, Colorado, being more particularly
<br />described as follows;
<br />An area adjacent to the perimeter of the pond extending approximately 25 feet
<br />outward from the edge of the pond, as shown hereon.
<br />ALSO
<br />A tract of land located in Sections 10, 11, 14 and 15 In Township 36 North,
<br />Range 9 West of the New Mexico Principal Meridian, La Plata County, Colorado,
<br />being more particularly described as follows:
<br />COMMENCING at the north one-sixteenth corner between said Sections 14 and
<br />15, whence the northwest corner of Section 14 bears N 0039' 55" E, a distance
<br />of 1316.01 feet;
<br />THENCE N 15'21'38' W, a distance of 328.03 feet to the POINT OF BEGINNING;
<br />THENCE S 72'33'46' W, a distance of 414.73 feet;
<br />THENCE N 29'51'58" W. a distance of 61.44 feet;
<br />THENCE N 7233'46" E, o distance of 481.51 feet;
<br />THENCE S 24'18'49" W, a distance of 80.43 feet to the POINT OF BEGINNING.
<br />Said ontains 4.2 acres, more or less.
<br />RE@???,,?? E?BIT
<br />j? LOCATED IN SECTIONS 10, 11, 1
<br />T 36, N,. R,..,9 .?„r N.,M.P.M.
<br />4 960 E. 2nd Avenue
<br />i P.O. Box 813
<br />Durango, CO 81302
<br />,.,,,••" SurvWng & MoppN (970) 385-6891
<br />10, 11, 14
<br />N.M.P.M.
<br />DILLON
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