2011-05-23_PERMIT FILE - X201123102

• Permit No: X201123102
• IBM Index Class Name: PERMIT FILE
• Doc Date: 5/23/2011
• Doc Name: Adequacy Response
• From: Peabody Sage Creek Mining
• To: DRMS
• Email Name: KAG
• Media Type: D
• Archive: No

AMENDED AND RESTATED EXPLORATION AND PROSPECT DRILLING
AGREEMENT
Made as of this 10th day of July, 2009 and effective as of April 9, 2008 ("Effective
Date")
This AMENDED AND RESTATED EXPLORATION AND PROSPECT DRILLING
AGREEMENT ("Agreement"), is made by and between 20 Mile Sheep, LLC, with an
address of 35513 North Highway 13, Craig, CO 91625 ("LICENSOR") and COLORADO
COAL RESOURCES, LLC with an address of 701 Market Street, Ste. 832, St. Louis, MO
63101 ("LICENSEE") and supersedes and replaces the Exploration and Prospect Drilling
Agreement dated April 9, 2008 between the parties hereto. In consideration of the sum of
$10.00, the receipt of which LICENSOR hereby acknowledges, and in further
consideration of the mutual covenants set forth below, LICENSOR and LICENSEE agree
as follows:
Exploration Rights. LICENSOR grants LICENSEE or its agents or subcontractors,
for the term of this Agreement, the nonexclusive right to enter the lands depicted or
described on Exhibit A attached hereto and depicted on map also attached hereto
and both incorporated herein by reference (the "Property"), from time to time, to
prospect for, drill, take core samples, conduct general surveying for infrastructure,
conduct archaeological surveys, vegetation surveys, conduct vibrosonic seismic line
surveys, excavate pits and use hand auger to determine and verify top soil depth,
and otherwise evaluate coal and other minerals and strata underlying the surface of
the Property and the nonexclusive right to perform all studies necessary or
convenient to obtain governmental approvals and permits necessary for coal
exploration and related operations (collectively, "Exploration Rights"). Licensee
shall exercise its Exploration Rights by using existing roads on the Property. No
new roads will be constructed on Licensor's Property, however LICENSEE shall
have the right to improve or enhance existing roads after consultation with and
approval by Licensor. LICENSEE shall not exercise its Exploration Rights
permitted under this Agreement between May 1st and June 30th and between
October 1st and November 30th of any calendar year without Licensor's written
consent. LICENSEE and LICENSOR agree that any future and/or additional drill
holes shall be subject to LICENSEE and LICENSOR agreeing to the location of
such drill holes and access to such drill hole sites. Specific drill holes which
Licensor has consented to are referenced as ccu012, ccu019, ccu025, ccu026,
ccu030, ccu039 and ccu046 on the map attached hereto.
2. Compensation. LICENSEE shall pay LICENSOR the following amounts:
(a) For each and every drill hole on Property, LICENSEE shall pay LICENSOR
the sum of $2000. Payment for each drill hole site shall be made to LICENSOR
within forty-eight (48) hours of LICENSEE accessing the subject drill hole site. In
the event a hole is not drilled, no payment shall be due. Payment for each drill hole
site shall be considered full compensation for all damages caused by such drilling