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ASSIGNMENT OF AMENDED AND RESTATED EXPLORATION AND
<br />PROSPECT DRILLING AGREEMENT
<br />Made as of this 10th day July, 2009 and effective as of December, 2008
<br />("Effective Date")
<br />This ASSIGNMENT of THE AMENDED AND RESTATED
<br />EXPLORATION AND PROSPECT DRILLING AGREEMENT ("Assignment"), is
<br />made by, between, and among 20 MILE SHEEP, LLC, with an address of 35513
<br />North Highway 13, Craig, CO 91625 ("LICENSOR") and COLORADO COAL
<br />RESOURCES, LLC with an address of 701 Market Street, Ste. 832, St. Louis,
<br />MO 63101 ("LICENSEE") and SAGE CREEK HOLDINGS, LLC with an address
<br />of 701 Market Street, Ste. 801, St. Louis, MO 63101 ("ASSIGNEE"). LICENSOR,
<br />LICENSEE, and ASSIGNEE may be referred to individually as "Party" or together
<br />as "Parties". In consideration of the sum of $10.00, the receipt of which
<br />LICENSOR hereby acknowledges, and in further consideration of the mutual
<br />covenants set forth below, LICENSOR and LICENSEE agree as follows:
<br />1. LICENSOR and LICENSEE entered into an Exploration and Prospect Drilling
<br />Agreement dated effective April 9, 2008 ("Agreement") covering the drilling of
<br />exploration holes at seven (7) sites on LICENSOR'S Property in T5N, R87W,
<br />Sections 5, 6 and 7 and T6N, R87W, Sections 29, 31, 32, and 33, the term of
<br />which agreement expires on December 31, 2009.
<br />2. LICENSOR ANS LICENSEE entered into an Amended and Restated
<br />Exploration and Prospect Drilling Agreement dated effective April 9, 2008
<br />("Amended Agreement") covering the drilling of exploration holes at a
<br />maximum of seven (7) sites on LICENSOR'S Property in T5N, R87W,
<br />Sections 5, 6 and land T6N, R87W, Sections 29, 31, 32, and 33, the term of
<br />which agreement expires on April 8, 2013 and which Amended Agreement
<br />superseded the Agreement.
<br />3. LICENSEE hereby assigns its interests in the Amended Agreement to SAGE
<br />CREEK HOLDINGS, LLC and by signing below, SAGE CREEK HOLDINGS,
<br />LLC agrees to accept all of such interests and assume the obligations of
<br />LICENSEE in all respects under the Agreement, as amended by Amendment,
<br />and LICENSOR consents to such assignment. By signing below, SAGE
<br />CREEK HOLDINGS, LLC shall be LICENSEE for all purposes under the
<br />Amended Agreement, effective as of the dated first written above.
<br />Except as herein assigned and amended by this Assignment, all other
<br />terms and provisions of the Amended Agreement and as amended herein shall
<br />remain in full force and effect.
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