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UNITED STATES <br />DEPARTMENT OF THE INTERIOR <br />BUREAU OF LAND MANAGEMENT <br />Sixth Principal Meridian <br />T. 13 S., R. 92 W. <br />sec. 7, lots 13 -20, inclusive; <br />sec. 8, S1/2; <br />sec. 9, S%; <br />sec. 15, lots 13, 18, 19, and 22; <br />sec. 16, all; <br />sec. 17, all; <br />sec. 18, all; <br />sec. 19, all; <br />sec. 20, all; <br />sec. 21, all; <br />sec. 22, lots 4, 5, 12, and 13; <br />sec. 28, lots 2 -7, inclusive; <br />sec. 29, all; <br />sec. 30, all; <br />T. 13 S., R. 93 W., 6th P.M. <br />sec. 9, lots 9 -16, inclusive; <br />sec. 10, lots 9 -16, inclusive; <br />sec. 11, lots 9 -16, inclusive; <br />sec. 12, lots 9 -16, inclusive; <br />sec. 13, all; <br />sec. 14, all; <br />Oxbow Mining, LLC <br />PO Box 535 <br />Somerset, CO 81434 <br />Serial Number COC -7491 1 <br />Issue Date: November 01, 2012 <br />COAL EXPLORATION LICENSE Expiration Date: November 01, 2014 <br />This license, entered into on, November 01, 2012 by the United States of America, the licensor, through <br />the Bureau of Land Management (BLM), and <br />the licensee, is hereby issued under the Mineral Leasing Act of 1920, as amended (30 U.S.C. section 181 <br />et se ) and is subject to all applicable Federal, State, and local laws and regulations, including Title 43, <br />Code of Federal Regulations (CFR), Part 3400. <br />Sec. 1. RIGHTS UNDER LICENSE - -This license confers the right to perform exploration operations in <br />accordance with the terms and conditions of this license, the approved exploration plan, and applicable <br />regulations in the following- described lands situated in the State of Colorado: <br />N <br />N <br />0 <br />1 <br />