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COAL LEASES <br />(a) State of Colorado Coal Lease #366 -13 -8 <br />• TOWNSHIP 6 NORTH RANGE 91 WEST 6 TH P.M. <br />Section 29: Lots 1 and 2, S <br />Section 31: E' /z, NE %, NW' /, Tract 38 <br />Section 32: All <br />(b) Coal Lease from C.C. Haubrich, et. al. <br />TOWNSHIP 6 NORTH RANGE 91 WEST 6 TH P.M. <br />Section 30: Lot 4, E' /z. SW %, W 1 /Z, SE' /, S' /2, NE %, SE %, NW <br />(c) Coal Lease from the Axial Basin Ranch Company <br />TOWNSHIP 6 NORTH RANGE 91 WEST 6 TH P.M. <br />Section 19: E %, E '' /z, W %. Lot 2 (less W 520') <br />Section 30: N %, NE %, NE '/, NW '/ <br />(1/8 interest in coal located above) <br />(d) Coal Lease from W. F. Simpson <br />TOWNSHIP 6 NORTH, RANGE 91 WEST, 6 TH P.M. <br />Section 17: S '' /z, SE '/, SE %, SW '/, that part of SW % SW %, and NE % SE '/, lying south of the <br />Yampa River <br />Section 20: All <br />. Section 21: W' /2, NE %, NW /, N %z, SW'/ <br />Section 29: N '' /z, NE ` / a, W ' /z, NW V <br />(25% interest in coal located above) <br />(e) Coal Lease from the Axial Basin Ranch Company <br />(75% interest in coal listed under Simpson Lease above <br />( United State Coal Lease #C- 0127865 <br />TOWNSHIP 5 NORTH RANGE 91 WEST 6 TH P.M. <br />Section 6: Lot 17 <br />(g) Coal Lease from Mildred Osborn, et. al. <br />TOWNSHIP S NORTH RANGE 91 WEST 6 TH P.M. <br />Section 31: Tract 39 <br />MR09 -48 2.03 -11 10/26/09 <br />