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<br />UNITED STATES
<br />DEPARTMENT OF THE INTERIOR Serial No.: C -8425
<br />• BUREAU OF LAND MANAGEMENT Date of Lease: June 1, 1982
<br />MODIFIED COAL LEASE
<br />PART I.
<br />THIS MODIFIED COAL LEASE is entered into on July 01, 2009 by and between the UNITED STATES OF AMERICA
<br />hereinafter called the Lessor, through the Bureau of Land Management, and
<br />Blue Mountain Energy, Inc.
<br />3607 County Rd. 65
<br />Rangely, CO 81648
<br />hereinafter called Lessee.
<br />This modified lease shall retain the effective date June 1, 1982, of the original COAL LEASE C -8425, and is effective for a period of
<br />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 />Sec. 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 C -8425, issued effective June 1, 1982, was granted the exclusive right and privilege to drill
<br />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 3 .
<br />Original Lease
<br />Tract 1 : T. 3 N., R. 101 W., 6` P.M.
<br />sec. 28, S' /2SW' /<;
<br />sec. 33,.N' /2N%, S' /2NE' /a,,SE' /4NW' /a, NE'Y4SW' /a, and N' /2SE' /n;
<br />sec. 34, N' /zSW' /. . .
<br />560 acres in Rio Blanco County, Colorado
<br />Modification
<br />Tract 2 : T. 3. N., R. 101 W., 6th P.M.
<br />sec. 28, N %zSW' /, and S %zSE %.
<br />160 acres in Rio Blanco County. Colorado
<br />Modification
<br />Tract 3 : T. 3..N., R. 101 W., 6th P.M.
<br />sec. 21, SWl /4, SW1 /2SE1/4;
<br />sec. 22, SW1 /4SW1/4;
<br />• sec. 27, Wl /2NW1 /4, NWl /4SW1 /4.
<br />400 acres in Rio Blanco County. Colorado
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