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ESCROW AGREEMENT <br /> This Escrow Agreement ("Agreement") is made this day of June, 1999 by and <br /> between Board of County Commissioners of Pitkin County, Colorado ("Pitkin County"), Mid- <br /> Continent Resources, Inc. ("MCR"), Louis M. LaGiglia, Creditors' Trustee under Bankruptcy <br /> Plan of Liquidation ("Trustee"), MidCon Realty, LLC ("MidCon"), and Stewart Title of Aspen, <br /> Inc. ("Escrow Agent"). <br /> RECITALS: <br /> A. All of the parties to this Agreement with the exception of Escrow Agent are <br /> parties to a lawsuit currently pending in District Court, Pitkin County, Colorado, Case No. 97- <br /> CV-131-1 ("Lawsuit"). <br /> B. The parties to the Lawsuit have agreed to settle the Lawsuit and as part of that <br /> settlement, have agreed to establish an escrow account with Escrow Agent. <br /> C. The lawsuit arises out of MCR's coal mining activities in Coal Basin, Pitkin <br /> County, Colorado. <br /> D. MidCon currently owns approximately 265 acres of property within Coal Basin <br /> ("MidCon Property"). The legal description of the MidCon Property is attached as Exhibit A. <br /> As part of the settlement agreement between the parties to the Lawsuit, MidCon has entered into <br /> a listing agreement with Western Land Group, Inc. in an effort to exchange the MidCon Property <br /> with the United States Forest Service ("USFS"). <br /> E. Certain improvements currently exist on the MidCon Property in Coal Basin, <br /> including a Lamp House, the road, culverts, low water crossings and utility lines leading to the <br /> Lamp 'House, a metal building near the former Preparation Plant and a water tank <br /> ("Improvements"). The Forest Service has indicated that if it becomes the owner of the MidCon <br /> Exhibit A to Settlement Agreement <br />