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QUITCLAIM DEED
<br />THIS DEED, Made as of the L day of ~~ j~9'7, from North
<br />Central Energy, Inc., a corporation duly organized and existing under and by virtue
<br />of the laws of the State of Colorado ("Grantor"), and Picketwire Processing, LLC, a
<br />limited liability company duly organized and existing under and by virtue of the
<br />laws of the State of Colorado ("Grantee").
<br />WITNESS, That the Grantor, for and in consideration of the sum of Ten
<br />dollars and other good and valuable consideration, the receipt and sufficiency of
<br />which are hereby acknowledged, has remised, released, leased, let and
<br />QUITCLAIMED, and by these presents does remise, release, lease, let and
<br />QUITCLAIM unto the Grantee, its successors and assigns forever, all right, title, and
<br />interest, claim and demand, if any, in the lands situate, lying and being in the
<br />County of Las P.iumas and State of Colorado, and described as follows:
<br />That certain parcel identified as being within the "Surface Area
<br />Boundary (259 acres approx)" on that Map prepared by Basin Resources,
<br />Inc., and dated 11/4/96; less and except that certain parcel idenflfied on
<br />said map as "Additional Surface Disturbance Area Excluded From
<br />Purchase (25.9 acres approx); for a total of 210.8 acres.
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<br />TO HAVE AND TO HOLD the same, together with all and shtgular the
<br />appurtenances and privileges thereunto belonging, or in anywise thereunto
<br />appertaiiung, and all plants, buildings, structures, erecfions, improvements,
<br />appurtenazlces and fixtures (including fixed machinery and fixed equipment)
<br />situated thereon or forming pazt thereof, and all the estate, right, title, interest and
<br />claim whatsoever, of the Grantor, either in law or equity, to the use, benefit and
<br />behoof of the Grantees, their heirs and assigns forever. The singular number shall
<br />include the plural, the plural the singular, and the use of any gender shall be applied
<br />to all genders.
<br />RESERVING UNTO GRANTOR an easement for ingress/egress to adjacent
<br />lands currently owned by Grantor, and for utility purposes, the exact size and
<br />location of wluch shall be determined by the Grantor and Grantee or their respective
<br />successors or assigns; provided, however, that the location of said easement shall
<br />not in any manner conflict or interfere with the coal processing and related
<br />operations of Grantee, its successors or assigns on the lands granted herein, and
<br />provided further, that Grantee, its successors and assigns, shall have no express or
<br />implied obligation to provide Grantor access across existing or future bridges on said
<br />lands.
<br />DW001540
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