Document:

exv10w12

 

Exhibit 10.12

MASTER LEASE AND SUBLEASE AGREEMENT

among

Ark Land Company

Ark Land LT, Inc.

and

Thunder Basin Coal Company, L.L.C.

Triton Coal Company, LLC

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	Article I Definitions
	 	 	1	 
	 
	 	 	 	 
	1.1 Definitions
	 	 	1	 
	 
	 	 	 	 
	Article II Grant
	 	 	2	 
	 
	 	 	 	 
	2.1 Demise of Coal Reserves
	 	 	2	 
	2.2 Grant of Surface Rights
	 	 	3	 
	2.3 Mining Rights
	 	 	3	 
	2.4 Acceptance
	 	 	3	 
	2.5 No Warranty
	 	 	4	 
	2.6 Incorporation by Reference
	 	 	4	 
	2.7 Limitations
	 	 	4	 
	2.8 Obligations under the Coal Leases
	 	 	4	 
	2.9 Compliance with Terms of Coal Leases
	 	 	5	 
	2.10 Reservations
	 	 	5	 
	2.11 No Cross Conveyance
	 	 	6	 
	 
	 	 	 	 
	Article III Term
	 	 	6	 
	 
	 	 	 	 
	3.1 Term
	 	 	6	 
	 
	 	 	 	 
	Article IV Royalties
	 	 	6	 
	 
	 	 	 	 
	4.1 Land Companies’ Production Royalty
	 	 	6	 
	4.2 Royalties Payable under Coal Leases
	 	 	7	 
	 
	 	 	 	 
	Article V Operations
	 	 	7	 
	 
	 	 	 	 
	5.1 Diligent Operations
	 	 	7	 
	5.2 Compliance with Laws
	 	 	7	 
	5.3 Permits and Bonds
	 	 	7	 
	 
	 	 	 	 
	Article VI Maps And Records
	 	 	8	 
	 
	 	 	 	 
	6.1 Compliance with Terms of Applicable Coal Leases
	 	 	8	 
	6.2 Annual Mine Plan
	 	 	8	 
	6.3 Progress Maps
	 	 	8	 
	6.4 Permit Maps
	 	 	8	 
	6.5 Books and Records
	 	 	9	 
	6.6 Designated Office of Land Companies
	 	 	9	 
	6.7 Inspections
	 	 	9	 
	6.8 Audit
	 	 	9	 
	 
	 	 	 	 
	Article VII Taxes and Assessments
	 	 	9	 

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	7.1 Ad Valorem Lease Lands Taxes
	 	 	9	 
	7.2 Reclamation, Black Lung and Severance Fees
	 	 	9	 
	7.3 Black Lung Benefits
	 	 	9	 
	7.4 Other Assessments
	 	 	9	 
	7.5 Proof of Compliance
	 	 	10	 
	 
	 	 	 	 
	Article VIII Insurance and Indemnification
	 	 	10	 
	 
	 	 	 	 
	8.1 Insurance
	 	 	10	 
	8.2 Indemnification
	 	 	10	 
	 
	 	 	 	 
	Article IX Default
	 	 	10	 
	 
	 	 	 	 
	9.1 Default under Coal Leases
	 	 	10	 
	9.2 Events of Default
	 	 	11	 
	9.3 Remedies
	 	 	11	 
	9.4 No Waiver
	 	 	11	 
	 
	 	 	 	 
	Article X Assignment
	 	 	12	 
	 
	 	 	 	 
	10.1 No Further Transfer
	 	 	12	 
	 
	 	 	 	 
	Article XI Miscellaneous
	 	 	12	 
	 
	 	 	 	 
	11.1 Notice
	 	 	12	 
	11.2 Relationship of Parties
	 	 	12	 
	11.3 Agency
	 	 	13	 
	11.4 Headings
	 	 	13	 
	11.5 Applicable Law
	 	 	13	 
	11.6 Severability
	 	 	13	 
	11.7 Prior Lease Agreements
	 	 	13	 
	11.8 Entire Agreement
	 	 	14	 
	11.9 Counterparts
	 	 	14	 

Exhibits and Schedules

	 	 	 
	Exhibits 1
	 	Map
	Schedule A
	 	Coal Leases
	Schedule B
	 	Surface Lands
	Schedule C
	 	Prior Lease Agreements

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MASTER LEASE AND SUBLEASE AGREEMENT

     THIS MASTER LEASE AND SUBLEASE AGREEMENT (“Master Agreement”), dated effective as of
April 1, 2005 (“Effective Date”), is by and among Ark Land Company (“Ark”), a
Delaware corporation, and Ark Land LT, Inc. (“Ark LT”) a Delaware corporation (Ark and Ark
LT are collectively referred to herein as “Land Companies”) and Thunder Basin Coal Company,
L.L.C., a Delaware limited liability company (“TBCC”) and Triton Coal Company, LLC, a
Delaware limited liability company (“Triton Coal”) (TBCC and Triton Coal are collectively
referred to herein as “Operating Companies”).

     WHEREAS, Land Companies are the individual lessees under and pursuant to the coal leases more
particularly described on Schedule A hereto, as amended, restated or reissued (“Coal
Leases”) insofar as such Coal Leases cover and relate to the lands located in Campbell County,
Wyoming, and more particularly described on Schedule A (“Lease Lands”);

     WHEREAS, Ark is the owner of the surface of the lands located in Campbell County, Wyoming,
more particularly described on Schedule B hereto (“Surface Lands”);

     WHEREAS, the Coal Leases, the Lease Lands and the Surface Lands are all depicted on the map
attached hereto as Exhibit 1;

     WHEREAS, certain of the Parties, individually and jointly, have heretofore entered into
various lease and sublease arrangements relating to the Coal Leases and the Surface Lands as more
particularly set forth on Schedule C hereto (“Prior Lease Agreements”); and

     WHEREAS, Land Companies and Operating Companies desire to enter into a master agreement
replacing the Prior Lease Agreements and granting rights to the coal reserves subject to the Coal
Leases and to the Surface Lands in accordance with the terms of this Master Agreement.

     NOW, THEREFORE, for and in consideration of the mutual covenants contained herein, and other
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Land
Companies and Operating Companies agree as follows:

ARTICLE I

Definitions

     1.1 Definitions.

     “Ark LT” has the meaning set forth in the preamble of this Agreement.

     “Ark” has the meaning set forth in the preamble of this Agreement.

     “Base Lessors” has the meaning set forth in Section 2.7.

     “Benefits” has the meaning set forth in Section 7.3.

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     “Coal Leases” has the meaning set forth in the preamble of this Agreement.

     “Effective Date” is defined in the preamble of this Agreement.

     “Federal Coal Regulations” means the regulations relating to calculation of federal coal
royalties set forth in 30 C.F.R. Subchapter A, and specifically 30 C.F.R. Part 206 Subpart F.

     “Land Companies” has the meaning set forth in the preamble of this Agreement.

     “Laws” means any law, statute, code, ordinance, treaty, rule, regulation or ruling.

     “Lease Lands” has the meaning set forth in the preamble of this Agreement.

     “Leased Coal” has the meaning set forth in Section 2.1.

     “Little Thunder Creek Reserves” means all mineable and merchantable coal subject to the Coal
Leases described in Part 2 of Schedule A.

     “Master Agreement” has the meaning set forth in the preamble of this Agreement.

     “Mining Rights” has the meaning set forth in Section 2.3.

     “Parties” means Ark, Ark LT, TBCC and Triton Coal, and “Party” refers to one of them.

     “Prior Lease Agreements” has the meaning set forth in the preamble of this Agreement.

     “Production Royalty” has the meaning set forth in Section 4.1(a).

     “Operating Companies” has the meaning set forth in the preamble of this Agreement.

     “Surface Lands” has the meaning set forth in the preamble of this Agreement.

     “TBCC” has the meaning set forth in the preamble of this Agreement.

     “Thundercloud Reserves” means all mineable and merchantable coal subject to the Coal Leases
described in Part 1 of Schedule A.

     “Triton Coal” has the meaning set forth in the preamble of this Agreement.

     “Triton Reserves” means all mineable and merchantable coal subject to the Coal Leases
described in Part 3 of Schedule A.

ARTICLE II

Grant

     2.1 Demise of Coal Reserves. Subject to the reservations and restrictions contained
herein and to the extent, and only to the extent, of Land Companies’ interest in the Coal Leases,
Land Companies do hereby sublease and demise unto Operating Companies all of Land Companies’ right, title and interest
in and to all of the minable and merchantable coal (“Leased

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Coal”) in and underlying the
Lease Lands insofar as such right, title and interest are derived from the Coal Leases, together
with the exclusive right to mine, store, save, waste, remove, transport, own, sell and market,
treat, process, and stockpile the Leased Coal in compliance with the terms of the Coal Leases, as
expressly granted in Subsections 2.1(a) and (b) as follows:

          (a) Ark subleases to TBCC all Leased Coal constituting the Thundercloud Reserves subject to
the Coal Leases described in Part 1 of Schedule A;

          (b) Ark LT subleases to TBCC all Leased Coal constituting the Little Thunder Creek Reserves
subject to the Coal Leases described in Part 2 of Schedule A; and

          (c) Ark subleases to Triton Coal all Leased Coal constituting the Triton Reserves subject to
the Coal Leases described in Part 3 of Schedule A.

     2.2 Grant of Surface Rights. Ark hereby leases and demises unto TBCC so much of the
Surface Lands as TBCC may require for the execution of the Mining Rights granted pursuant to
Section 2.3.

     2.3 Mining Rights. Subject to the reservations and restrictions contained herein and
to the extent Land Companies have the power to grant such rights, Land Companies grant unto
Operating Companies all rights conveyed by the Coal Leases to Land Companies as are necessary to
enable Operating Companies to mine and remove the Leased Coal covered by the rights granted under
Section 2.1, including, without limitation, the following (“Mining Rights”):

          (a) The right to mine the Leased Coal by strip, open pit, underground, auger, borehole,
drilling, and in-situ solution method, together with all rights-of-way, easements and servitudes as
may be necessary, useful or convenient for such purposes, and the right of ingress and egress
therefore; and

          (b) The right to construct, use, maintain, repair, replace and relocate any and all facilities
and structures on and in the Surface Lands as may be necessary, useful or convenient in connection
with such operations on the Surface Lands, including but not limited to buildings, roads,
railroads, pits, tailing ponds, piles or waste earth, waste dumps, ditches, drains, pumping
stations, boreholes, drill holes, tanks, dams, wells, reservoirs, ponds or other alterations, coal
stock piles, pipelines, telephone lines, utility lines, power lines, processing facilities, and
plants, shops, and transportation facilities and other utilities, and the maintenance thereof, and
all rights-of-way, easements and servitudes as may be necessary, useful or convenient for such
purposes, and the right to ingress and egress therefore; and

          (c) The right to use and destroy so much of the surface and subsurface of the Surface Lands as
may be found necessary, useful, convenient or incidental for carrying out the purposes of this
Master Agreement, without being required to leave or provide subjacent or lateral support for the
overlying strata or surface or anything thereon, therein or thereunder.

     2.4 Acceptance. Operating Companies accept this Master Agreement with the
understanding that the rights and privileges granted hereunder are and shall be construed as
limited to only such rights and privileges as Land Companies possess and have the lawful right to
lease, sublease or otherwise grant to Operating Companies. Operating Companies

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acknowledge that
they have inspected, are satisfied with and accept the Lease Lands and the Surface Lands in their
existing condition, which includes any limitations of the area involved. It shall be the sole
responsibility of Operating Companies to ascertain the accurate boundary lines of the Lease Lands
and the Surface Lands before conducting any mining operations therein.

     2.5 No Warranty.

          (a) LAND COMPANIES MAKE NO IMPLIED OR EXPRESS WARRANTY OR REPRESENTATION CONCERNING THE
EXISTENCE, QUANTITY, QUALITY, MINABILITY OR MERCHANTABILITY OF THE LEASED COAL UNDERLYING THE LEASE
LANDS OR TITLE THERETO, AND OPERATING COMPANIES ACKNOWLEDGE AND AGREE THAT NO REPRESENTATIONS,
STATEMENTS OR WARRANTIES, EXPRESS OR IMPLIED, HAVE BEEN MADE BY OR ON BEHALF OF LAND COMPANIES
REGARDING THE LEASE LANDS OR THE SURFACE LANDS, THEIR CONDITION, THE USE OR OCCUPATION THAT MAY BE
MADE THEREOF OR THE INCOME THEREFROM.

          (b) Land Companies do not make, and shall not be deemed to have made, any representations or
covenants, express or implied, as to the title of the Leased Coal, the Lease Lands, the Surface
Lands or Land Companies’ right to sublease the Leased Coal.

     2.6 Incorporation by Reference. All of the provisions of the Coal Leases are
incorporated by reference as if fully set forth herein. In addition, all Laws applicable to the
Coal Leases and to this Master Agreement or to the operations on the Lease Lands and the Surface
Lands, in force from and after the Effective Date, and as and when changed and to the extent
applicable to the Coal Leases and this Master Agreement, are incorporated by reference herein.
Changes in laws which affect a change in the Coal Leases shall be deemed to constitute a
corresponding change in this Master Agreement.

     2.7 Limitations. This Master Agreement is made subject to the Coal Leases and to all
limitations, reservations and exceptions specified therein and to all other deeds, easements and
conveyances of public record and to such easements as are apparent by visible inspection of the
Lease Lands and the Surface Lands. The rights herein granted to Operating Companies are subject to
the limitation of Land Companies’ power to grant same and to such rights as Land Companies possess
by virtue of the Coal Leases. Land Companies make no representation or warranty that (i) Land
Companies or the lessors of the Coal Leases (“Base Lessors”) have good and marketable title
to the Leased Coal, or that (ii) the rights herein granted to Operating Companies are sufficient to
enable Operating Companies to conduct the mining operations contemplated by Operating Companies.

     2.8 Obligations under the Coal Leases.

          (a) From and after the Effective Date, TBCC, for and on behalf of Triton Coal as to the Triton
Reserves and for and on behalf of itself with respect to the Thundercloud Reserves and the Little
Thunder Creek Reserves, assumes all the obligations of Land Companies under the Coal Leases
(excluding any bonus bid obligations payable under the Coal Lease covering and relating to the
Little Thunder Creek Reserves), including without limitation

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production obligations, provided,
however, that the obligation to pay rentals, and minimum and production royalties shall be rendered
directly to Land Companies. Land Companies recognize TBCC as the principal Party obligated for all
covenants hereunder and, notwithstanding terms referencing Operating Companies, shall look to TBCC
for performance of all such obligations.

          (b) Payments due the Base Lessors pursuant to the Coal Leases shall be made by Operating
Companies directly to the Land Companies, and upon such payment by Operating Companies to Land
Companies, Land Companies shall have full liability therefore, provided, that upon failure by
Operating Companies to make such payment Land Companies shall have the right, but not the
obligation, to make the required payments to maintain the Coal Leases in good standing.

          (c) Operating Companies covenant and agree to comply with all terms and conditions of the Coal
Leases.

          (d) Except as otherwise required of Operating Companies by this Master Agreement, Land
Companies shall maintain the Coal Leases in full force and effect, and shall not amend, modify,
supplement or terminate the Coal Leases, or waive the terms thereof, or further convey, transfer,
assign or sublease any portion of the Lease Lands or the Surface Lands without the prior written
consent of Operating Companies. Land Companies shall give to Operating Companies, as their
respective rights may pertain to the Coal Leases, a copy of each notice of default or other
material notices given to Land Companies by the Base Lessors relating to the Coal Leases.
Operating Companies shall have the right to cure any defaults under the Coal Leases.

     2.9 Compliance with Terms of Coal Leases. Notwithstanding anything therein to the
contrary, in mining and removing the Leased Coal and in exercising the Mining Rights hereunder,
Operating Companies shall be limited to the exercise of the rights and privileges specifically
authorized by the Coal Leases and any other instruments by which Land Companies acquired their
title or interest. Operating Companies shall comply with all terms and conditions thereof as if
such terms had been specifically set forth in this Master Agreement.

     2.10 Reservations.

          (a) Land Companies except and reserve the entire ownership and control of the Lease Lands and
the Surface Lands not herein specifically granted to Operating Companies. Without limiting the
generality of the foregoing, Ark shall have the following rights: (i) the exclusive use of the
Surface Lands not required by TBCC for its mining operations, including the right to grant farm
leases, commercial, residential or mineral leases to third parties; (ii) the right
to the non-exclusive use of existing roads, roads hereafter constructed by TBCC and the right
to construct and maintain new roads; (iii) the non-exclusive right to construct, operate and
maintain any and all types of pipe, power, transportation and communication lines, or the
equivalent thereof, on and through the Lease Lands; and (iv) the right to conduct or cause to be
conducted coalbed methane development operations on the Lease Lands and the Surface Lands.

          (b) Land Companies shall exercise the reserved rights in such way as not unreasonably to
interfere with and in such a way as to minimize the inconvenience to the mining

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operations of the
Operating Companies hereunder. In the exercise of all reserved rights Land Companies shall comply
with (i) the terms and provisions of all laws, rules and regulations of any government or agency
having jurisdiction of the Lease Lands, the Surface Lands and any operations of Land Companies and
(ii) any and all permit and bonding requirements of Land Companies governing the operations of Land
Companies on the Lease Lands or the Surface Lands.

     2.11 No Cross Conveyance.

          (a) Notwithstanding anything herein to the contrary, nothing in this Master Agreement shall
result in, nor shall it be construed to represent, a conveyance or grant by or among the Parties
constituting the Land Companies of any rights in or to the Coal Leases or Lease Lands and all such
rights shall be maintained separate and distinct as such rights are held prior to the Effective
Date.

          (b) Except as expressly provided herein, nothing in this Master Agreement shall result in, nor
shall it be construed to represent, a conveyance or grant to the Parties constituting the Operating
Companies of undivided interests in and to the Coal Leases or Lease Lands and all such rights under
this Master Agreement shall be maintained separate and distinct as such rights are specifically
granted hereunder.

ARTICLE III

Term

     3.1 Term. The term of this Master Agreement shall begin on the Effective Date, and
(i) with respect to the Leased Coal shall run for a period concurrently with the terms of the Coal
Leases insofar as such leases cover and relate to their respective portions of the Lease Lands, and
(ii) with respect to the Surface Lands shall run for a period until all reclamation activities
(including release of all applicable reclamation bonds) are completed for the Surface Lands,
provided that unless agreed to in writing among the Parties the term of this Master Agreement shall
not extend beyond a period of fifty (50) years from the Effective Date. This Master Agreement
shall be subject to the right of the Base Lessors to readjust the terms and conditions of the Coal
Leases as otherwise provided in the Coal Leases agreements and by applicable laws, rules and
regulations. The Parties acknowledge and agree that this Master Agreement may terminate with
respect to portions of the Lease Lands without termination of the entire Master Agreement.

ARTICLE IV

Royalties

     4.1 Land Companies’ Production Royalty.

          (a) From and after the Effective Date, Operating Companies shall pay to Land Companies an
overriding production royalty (“Production Royalty”) equal to seven percent (7%) of the
value of Leased Coal mined and removed from the Lease Lands and calculated pursuant to the Federal
Coal Regulations.

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          (b) Payment of the Production Royalty shall be made within thirty (30) days after each
calendar month during which Leased Coal was mined and shipped from the Lease Lands and shall be
made by payment to Land Companies at the address shown herein.

          (c) Unless otherwise provided in any of the Coal Leases, in which case the provisions of such
Coal Leases shall govern, weights of Leased Coal shall be determined by the most modern and
equitable means available, as determined by Operating Companies but subject to the prior approval
of Land Companies.

          (d) With each month payment of Production Royalty, Operating Companies shall furnish to Land
Companies’ engineer written reports for all Leased Coal mined and removed from the Lease Lands.
Operating Companies shall provide Land Companies with copies of all mining and production reports
required by the Coal Leases or Base Lessors.

          (e) All credit balances and outstanding advances existing under the Prior Lease Agreements as
of the Effective Date relating to the Leased Coal shall survive termination under Section 11.7 and
are hereby expressly assumed and ratified by the Parties. Any such credit balances or outstanding
advances may be offset against Production Royalty obligations under this Master Agreement between
the Parties.

     4.2 Royalties Payable under Coal Leases. In addition to Production Royalty, Operating
Companies shall pay to Land Companies all rentals, minimum and production royalties and overriding
royalties (excluding any bonus bid obligations payable under the Coal Lease covering and relating
to the Little Thunder Creek Reserves) due and payable under and required by the terms and
conditions of the Coal Leases and applicable laws, rules and regulations governing the Coal Leases.

ARTICLE V

Operations

     5.1 Diligent Operations. Operating Companies shall conduct their operations on the
Lease Lands in compliance with all applicable terms of the Coal Leases and, unless a higher
standard is set forth in any such Coal Lease, in a diligent and workmanlike manner, so as to mine
and produce coal from the Lease Lands in a logical sequence according to a reasonable system and
plan of mining, consistent with the safety and preservation of the Lease Lands as a coal mining
operation, with
due regard for future mining operations upon the Lease Lands, and so as to permit the eventual
recovery of all coal which is recoverable with good mining practices and techniques in use on the
date mining operations are conducted pursuant to this Master Agreement.

     5.2 Compliance with Laws. Operating Companies shall comply with all federal, state
and local laws, ordinances, rules and regulations pertaining to its operations under this Master
Agreement or applicable to the Lease Lands by virtue of said operations.

     5.3 Permits and Bonds. Operating Companies, at Operating Companies’ cost and expense,
shall obtain any and all required and necessary licenses, permits and bonds and shall be bound by
the terms thereof and shall perform work in accordance therewith. Operating Companies shall
provide copies of permits and bonds to Land Companies at Land Companies’

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written request.
Operating Companies shall have full responsibility therefore, including all requisite reclamation
work and mine site reclamation work, and Operating Companies shall pay all fees, fines and
assessments related thereto. Upon completion of mining operations upon the Lease Lands and Surface
Lands pursuant to this Master Agreement, Operating Companies shall complete all required
reclamation upon the Lease Lands and Surface Lands in full compliance with all then applicable
lease terms, permit requirements and applicable law. Unless otherwise provided in any applicable
Coal Lease, Operating Companies shall have the right to reenter the Lease Lands and Surface Lands
after termination of this Master Agreement for the purpose of performing or completing such
reclamation.

ARTICLE VI

Maps And Records

     6.1 Compliance with Terms of Applicable Coal Leases. Operating Companies acknowledge
that each of the Coal Leases contains certain provisions requiring the Land Companies to furnish to
the Base Lessors mine plans, progress maps, surveys and other maps of mining operations. No later
than twenty (20) days prior to the date on which Land Companies are required to furnish any such
mine plan, progress map, survey or other map to a Base Lessors under any Coal Lease, Operating
Companies shall furnish to Land Companies the required mine plan, progress map, survey or other map
in the form specified under the terms and provisions of such Coal Lease.

     6.2 Annual Mine Plan. Operating Companies shall furnish to Land Companies on or
before January 1 of each calendar year, a detailed plan for all mining operations to be conducted
upon the Lease Lands which shall show, inter alia, the mines to be opened and developed, the mine
openings, entries, loading points, surface uses and surface areas to be disturbed, buildings and
other structures or facilities to be erected, plans for reclamation of areas to be disturbed, and
other relevant plans for mining the Leased Coal and developing the Lease Lands. Operating
Companies shall use their commercially reasonable efforts to conduct operations in accordance with
such mine plan.

     6.3 Progress Maps. In addition to the mine plans, progress maps, surveys and other
maps required to be furnished by Operating Companies, Operating Companies shall furnish to Land
Companies on April 15, July 15, October 15, and January 15 of each calendar year mine progress maps
on a scale of not more than four hundred feet (400’) to the inch showing for each month in the
preceding calendar quarter the progress of Operating Companies’ operations on the Lease Lands
sufficient to compute volumes of coal removed in the preceding quarter. Such map shall be made by
a competent mining engineer as the work progresses and shall conform in all respects with the
requirements of applicable mining law. Such progress maps shall clearly show all Lease Lands
lines, lease lines, surface improvements and such natural topography as may require protection.

     6.4 Permit Maps. At the request of the Land Companies, Operating Companies shall
furnish to Land Companies true, complete and correct copies of each of the maps required by all
governmental agencies within thirty (30) days from the date the maps are finally approved by any
such governmental agency.

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     6.5 Books and Records. Operating Companies shall keep and cause to be kept complete
and accurate records showing the amount and quality of Leased Coal mined from the Lease Lands, the
method of recovery and shipment, the amount of Leased Coal consumed on or off the Lease Lands
without sale, and the sales price of all Leased Coal mined and sold or consumed from the Lease
Lands.

     6.6 Designated Office of Land Companies. Mine plans, progress maps, surveys and other
information to be furnished to Land Companies pursuant to this Article VI shall be delivered to
offices at Ark Land Company, One CityPlace Drive, Suite 300, St. Louis, Missouri 63141, Attention:
Engineer, or such other place as Land Companies may from time to time designate in writing.

     6.7 Inspections. Land Companies, their agents, engineers or other persons in their
behalf shall have the right, but not the obligation, to enter the Lease Lands at all reasonable
times during standard business hours to inspect and examine the Lease Lands or any part thereof,
select samples of coal, survey or measure the seam or any part thereof, for any lawful purpose.
Without limiting the generality of the foregoing, Land Companies may make volumetric measurements
of the Lease Lands for the purpose of determining the actual amount of coal mined and removed
therefrom.

     6.8 Audit. Land Companies, their agents, engineers, accountants, lawyers or other
persons on its behalf, may, at all reasonable times during standard business hours, perform audits
to verify
information and data of Operating Companies concerning the Lease Lands and the Leased Coal
removed therefrom.

ARTICLE VII

Taxes and Assessments

     7.1 Ad Valorem Lease Lands Taxes. Operating Companies shall pay all real Lease Lands
taxes, ad valorem taxes, unmined mineral taxes, and all other similar taxes, levies, assessments,
fees and other charges imposed by any government having authority to impose same upon the Lease
Lands, the Leased Coal in place and all fixtures, improvements, buildings, structures, machinery,
equipment and other personal property located on the Lease Lands.

     7.2 Reclamation, Black Lung and Severance Fees. Operating Companies shall pay all
taxes and assessments relating to reclamation, black lung, and severance taxes imposed by any
government having authority to impose same.

     7.3 Black Lung Benefits. Operating Companies guarantees the payment of all benefits
required to be paid pursuant to the Black Lung Benefits Act, Title IV of the Federal Mine Safety
and Health Act of 1977, 30 U.S.C. 901 et. seq., and the Internal Revenue Code, 26
U.S.C. 1 et. seq., Black Lung Benefits Reform Act of 1977 (P.L. 95-239), Black Lung
Benefits Revenue Act of 1981, and the Black Lung Benefits Amendments of 1981 (P.L. 97-110), 95
Stat. 1635, as now or hereafter amended, and all rules and regulations adopted pursuant thereto
(collectively the “Acts” and the benefits payable pursuant thereto the “Benefits”).

     7.4 Other Assessments. Operating Companies shall pay all contributions, levies,
taxes, or other sums, by whatever name called, for which Land Companies might otherwise be or

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become liable with reference to all wages or other sums paid employees of Operating Companies whose
labor enters into the production, shipment, or sale of coal or any goods, wares, merchandise, or
materials of any kind whatsoever produced under this Master Agreement in all cases where such
contributions, levies, taxes, or other sums are or shall be required to be paid under any federal
or state Unemployment or Social Security Act, by whatever name called, and to hold Land Companies
harmless against any federal or state claims whatsoever fixed or levied with reference to the wages
of employees of Operating Companies.

     7.5 Proof of Compliance. Upon request, Operating Companies shall furnish immediately
copies of all statements, receipts, or other information pertaining to any taxes, benefits,
assessments or other fees required to be paid by Operating Companies pursuant to this Article VII
showing the type of tax, benefit, assessment or fee, the amount thereof, to whom paid, and the
basis for same. If any such tax, benefit, assessment or other fee is assessed in the name of the
Land Companies or is paid by
Land Companies, Operating Companies shall promptly repay Land Companies the amount thereof
upon receipt of a statement therefore.

ARTICLE VIII

Insurance and Indemnification

     8.1 Insurance. Operating Companies shall, at all times during the term of this Master
Agreement, or any extension hereof, maintain, or cause to be maintained, in effect general
liability insurance for personal injury and damage to the Lease Lands or the Surface Lands, as well
as insurance covering Operating Companies’s contractual obligations of indemnification hereunder,
with companies and in amounts satisfactory to Land Companies.

     8.2 Indemnification. Operating Companies shall indemnify and hold Land Companies
harmless against any and all liabilities, demands, losses, claims and damages of any kind, whether
on account of injuries to or the death of any person or persons, damage to or loss of Lease Lands
or the Surface Lands, violation of law or regulation, or otherwise arising out of or attributed,
directly or indirectly, to Operating Companies’s operations hereunder or Operating Companies’s use
or enjoyment of the Lease Lands or the Surface Lands, together with any and all costs and expenses
including attorneys’ fees that may be incurred by Land Companies in connection therewith.
Operating Companies shall further be liable to and shall indemnify and hold Land Companies harmless
from and against any and all liabilities, demands, losses, claims and damages of any kind arising
from or in any way connected with a breach of any covenant, representation, warranty or other term
of this Master Agreement.

ARTICLE IX

Default

     9.1 Default under Coal Leases. If (i) Operating Companies fail to comply with any
obligation for the payment of money under the Coal Leases, or (ii) Operating Companies fail to
comply with any material non-monetary obligation under the Coal Leases which failure would be a
cause for termination or cancellation of the Coal Leases by the Base Lessors; or (iii) Land
Companies or Operating Companies receive a notice of default from the Base Lessors or a notice
specifying facts or circumstances which with the giving of notice, the passage of time, or both may
become a default attributable to Operating Companies under the Coal Leases, Land

10

 

Companies shall
have the immediate right, but not the obligation, to take whatever action is needed to cure, or to
commence to cure such non-compliance, or threatened default. Operating Companies shall indemnify
Land Companies for all costs incurred by Land Companies in curing or attempting to cure such
non-compliance or default. Land Companies shall have no obligation to Operating Companies of any
sort whatsoever for failure to cure any default Land Companies may attempt to cure, for failure or
refusal to attempt to cure a default, for an incomplete cure of a default, or for abandonment of an
attempt to cure a default.

     9.2 Events of Default. The following shall constitute events of default:

          (a) Operating Companies shall fail to make any payment of Production Royalty when the same
shall become due and such failure shall continue unremedied for a period of ten (10) days after
notice by Land Companies.

          (b) Operating Companies shall fail to perform or observe any other material covenant,
condition or agreement to be performed or observed by it hereunder and such failure shall continue
unremedied for a period of thirty (30) days after notice thereof by Land Companies, unless such
failure is of such nature that it is susceptible of cure but with due diligence cannot be cured
with such 30-day period in which event Operating Companies shall have such additional time as may
be required to cure the same with such diligence and continuity as shall be reasonably satisfactory
to Land Companies.

          (c) Any appointment shall be made, with or without the consent of Operating Companies, or a
receiver, trustee, or liquidator of Operating Companies for a substantial part of its properties or
any proceedings shall be commenced by or against Operating Companies for any relief under any
bankruptcy or insolvency law, or any law relating to the relief of debtors, readjustments of
indebtedness or reorganizations, unless such appointment or proceedings shall have been dismissed
or nullified within sixty (60) days after such appointment or sixty (60) days after such
proceedings shall have been commenced, whichever shall be earlier.

     9.3 Remedies. Upon the occurrence of any event of default and at any time thereafter
so long as the same shall be continuing, Land Companies may, at their option, (a) declare a
forfeiture of all right, title and interest of Operating Companies to all or a portion of the Lease
Lands or the Surface Lands, regardless of the adequacy of any remedy at law for monetary damages,
or (b) seek any other remedy, including injunctive relief, available at law or in equity. The
Parties acknowledge and agree that this Master Agreement may be partially forfeited or terminated
as to a portion of the Lease Lands or the Surface Lands without forfeiture or termination of the
entire Master Agreement.

     9.4 No Waiver. No failure or failures to exercise any right by either Party under
this Master Agreement shall be deemed to be a waiver or bar to the subsequent exercise or
enforcement by such Party of any provision of this Master Agreement or any right of such Party
hereunder.

11

 

ARTICLE X

Assignment

     10.1 No Further Transfer. Operating Companies shall not assign in whole or in part,
this Master Agreement or the estate created hereby or any interest therein, or relinquish
possession of the Lease Lands, the Surface Lands or any part thereof or interests therein without first obtaining the consent in
writing of Land Companies thereto. No such assignment, and no consent to any assignment by Land
Companies in writing or otherwise, shall operate to release Operating Companies or their assignees
(or other transferees) from securing the prior written consent of Land Companies as herein required
to any other or further assignment.

ARTICLE XI

Miscellaneous

     11.1 Notice. The giving of any notice to, or the making of any demand under the
provisions hereof, by either Party to the other, shall be sufficient, if such notice or demand by
either delivering the same in person or in writing and mailed to the Parties at:

          If to Land Companies:

Ark Land Company

One CityPlace Drive, Suite 300

St. Louis, MO 63141

Attention: President

          If to Operating Companies:

Thunder Basin Coal Company, L.L.C.

One CityPlace Drive, Suite 300

St. Louis, MO 63141

Attention: President

Either Party may by such notice designate a different addressee to whom or address to which any
such notice shall be sent.

     11.2 Relationship of Parties. This Master Agreement does not empower Land Companies
to make any decisions and Land Companies hereby expressly waive and disclaim any right to exercise
any supervision, operation or control with respect to the terms and conditions under which the
Leased Coal is extracted or prepared, such as, but not limited to, the manner of extraction or
preparation or the amount of such coal to be produced. The Parties hereto do acknowledge, however,
that Land Companies have reserved certain rights and have imposed certain requirements under the
terms of this Master Agreement solely for the purpose of preventing waste and protecting the
reserved rights of the Land Companies. Notwithstanding anything in this Master Agreement to the
contrary, it is expressly understood, stipulated, and agreed that the relationship between Land
Companies and Operating Companies shall be that of landlord and tenant. Nothing herein shall be
construed or interpreted to establish between Land Companies and Operating Companies a relationship
of partners, joint venturers, principal and agent, vendor and purchaser, or any other relationship
except that of landlord and tenant.

12

 

     11.3 Agency.

          (a) Ark LT hereby unconditionally appoints, designates and grants full authority to Ark as its
sole and exclusive agent to act for and on behalf of Ark LT for all purposes under this Master
Agreement. Operating Companies are authorized to rely upon written instructions, notices and
decisions by Ark for and on behalf of Land Companies hereunder unless otherwise properly notified
in writing by Land Companies that Ark has been replaced or that the agency has been revoked or
modified. All payments required under this Master Agreement shall be made to Ark and Land
Companies shall be responsible for making all allocations, contributions or payments among Land
Companies as Land Companies deem appropriate and necessary to reflect their individual rights and
interests in and to the Coal Leases, the Lease Lands and the Surface Lands. Land Companies, at
their sole discretion, may enter into separate agreements to effectuate the terms of this Master
Agreement.

          (b) Triton Coal hereby unconditionally appoints, designates and grants full authority to TBCC
as its sole and exclusive agent to act for and on behalf of Triton Coal for all purposes under this
Master Agreement. Land Companies are authorized to rely upon written instructions, notices and
decisions by TBCC for and on behalf of the Operating Companies hereunder unless otherwise properly
notified in writing by the Operating Companies that TBCC has been replaced or that the agency has
been revoked or modified. Operating Companies, at their sole discretion, may enter into separate
agreements to effectuate the terms of this Master Agreement.

          (c) Except as expressly provided in Section 11.7, nothing in this Section 11.3 shall, nor
shall it be interpreted to, amend, modify or waive any provision of existing permits, agreements,
licenses or authorizations relating to the operation, ownership or use of the Lease Lands or
Surface Lands.

     11.4 Headings. The titles preceding the text of the provisions of this Master
Agreement are inserted solely for convenience of reference and shall not constitute a part of this
Master Agreement or affect its meaning, construction or effect.

     11.5 Applicable Law. This Master Agreement shall be construed and governed under the
internal laws of the State of Wyoming.

     11.6 Severability. In the event any provision of this Master Agreement conflicts with
the law under which it is to be construed or if any such provision is held invalid by a court with
jurisdiction over the Parties to this Master Agreement, such provision shall be deleted from the
Master Agreement, and the Master Agreement shall be construed to give effect to the remaining
provisions hereof.

     11.7 Prior Lease Agreements.
Effective as of the Effective Date and subject to Section 4.1(e), the Parties hereby
terminate the Prior Lease Agreements and replace the business arrangements created by the Prior
Lease Agreements by and among the Parties with the transactions contemplated by this Master
Agreement, it being the intent that with respect to the Coal Leases, the Lease Lands and the
Surface Lands, the Parties shall be governed by the terms and conditions of this Master Agreement
as of the Effective Date and that the business

13

 

relationships between and among the Parties remain
seamless so that there shall be no gap between the termination of the Prior Lease Agreements and
this Master Agreement.

     11.8 Entire Agreement. This Master Agreement sets forth the entire agreement and
understanding of the Parties in respect to the transactions contemplated hereby. All prior leases
and subleases, licenses arrangements and understandings of the Parties relating to the Leased Coal
and Lease Lands, including without limitation the Prior Lease Agreements, are hereby superseded,
and except as otherwise provided herein this Master Agreement may not be modified or changed in
whole or in part other than by Land Companies and Operating Companies in writing signed by the
Parties hereto or their respective successor or assigns.

     11.9 Counterparts. This Master Agreement may be executed in one or more counterparts,
each of which shall be deemed an original and all of which together shall constitute one and the
same agreement.

[Remainder of Page Intentionally Left Blank]

14

 

     IN WITNESS WHEREOF, the Parties hereto have executed this Master Agreement to be effective for
all purposes as of the Effective Date.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	LAND COMPANIES	 	 
	 
	 	 	 	 	 	 
	 	 	Ark Land Company	 	 
	 
	 	 	 	/s/
Douglas M. Downing	 	 
	 

	 	 	 	 	 	 
	 

	 	By:	 	Douglas M. Downing	 	 
	 

	 	 	 	 	 	 
	 

	 	Its:	 	Vice President	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Ark Land LT, Inc.	 	 
	 
	 	 	 	/s/
Douglas M. Downing	 	 
	 

	 	 	 	 	 	 
	 

	 	By:	 	Douglas M. Downing	 	 
	 

	 	 	 	 	 	 
	 

	 	Its:	 	Vice President	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	OPERATING COMPANIES	 	 
	 
	 	 	 	 	 	 
	 	 	Thunder Basin Coal Company, L.L.C.	 	 
	 
	 	 	 	/s/ Paul A. Lang	 	 
	 

	 	 	 	 	 	 
	 

	 	By:	 	Paul A. Lang	 	 
	 

	 	 	 	 	 	 
	 

	 	Its:	 	President	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Triton Coal Company, LLC	 	 
	 
	 	 	 	/s/ Paul A. Lang	 	 
	 

	 	 	 	 	 	 
	 

	 	By:	 	Paul A. Lang	 	 
	 

	 	 	 	 	 	 
	 

	 	Its:	 	President	 	 
	 

	 	 	 	 	 	 

 

SCHEDULE A

TO

MASTER AGREEMENT

Coal Leases

Part 1: Thundercloud Reserves

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lease	 	Property

 Control No.	 	Date	 	Base Lessor	 	Original Lessee	 	Current Lessee	 	Lease Lands	 	Base

Lessor Royalty
	 
	Federal Coal Lease

WYW-136458	 	BT-120	 	1/1/99	 	United States 

of
America	 	Ark Land Company	 	Ark Land Company	 	T43N, R70W, 6th PM	 	 	12.5	%
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 4:
	 	W/2 of Lots 8, 9,

16 and 17;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 5:
	 	Lots 5-20;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 6:
	 	Lots 8-23;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 7:
	 	Lots 5-7, N/2 of

Lot 8, Lots 9-12,
 N/2 and
SE/4 of
 Lot 13, NE/4 of

Lot 19;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 8:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 9:
	 	W/2 of Lots 4, 5

and 12, Lots 13-14.

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	T43N, R71W, 6th PM

	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 1:
	 	Lots 5-15, N/2

of Lot 16, Lots
 17-19,
SE/4NE/4;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 12:
	 	Lots 1, NE/4 of
Lot 2.	 	 	 	 

A-1

 

Part 1: Thundercloud Reserves

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lease	 	Property

Control No.	 	Date	 	Base Lessor	 	Original Lessee	 	Current Lessee	 	Lease Lands	 	Base

Lessor Royalty
	 
	Federal Coal Lease

WYW-149516

	 	BT-133
	 	 	 	Jacobs Land &

Livestock Company

(Sublessor)
	 	 	 	Ark Land Company

   (Sublessee)
	 	T43N, R70W,
6th PM

That part of the east half
of lots 8, 9, 16 and 17 of
Section 4, which is west of
a line running north-south
along Wyoming State Plane
(East Zone, NAD 1927)
coordinate E470, 536.83,
with an area of 15.07 acres
more or less, and;
	 	 	12.5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Federal Coal Lease

WYW-148123

	 	BT-133
	 	 	 	Jacobs Ranch Coal

Company (Sublessor)
	 	 	 	Ark Land Company

   (Sublessee)
	 	

That part of the east half
of lots 4, 5 & 12 of Section
9, which is west of a line
running north-south along
Wyoming State Plane (East
Zone, NAD 1927) coordinate
E470, 536.83, with an area
of 14.14 acres more or less.
	 	 	12.5	%

A-2

 

Part 2: Little Thunder Creek Reserves

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lease	 	Property

 Control No.	 	Date	 	Base Lessor	 	Original Lessee	 	Current Lessee	 	Lease Lands	 	Base

Lessor Royalty
	 
	Federal Coal Lease

WYW-150318	 	BT-270	 	3/1/05	 	United States
 of
America	 	Ark Land LT, Inc.	 	Ark Land LT, Inc.	 	T44N, R71W, 6th PM	 	 	12.5	%
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 35:
	 	Lots 1-16

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	T43N, R71W,
6th PM

	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 1:
	 	S/2 of Lot 16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 2:
	 	Lots 5-20;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 11:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 12:
	 	W/2 and SE/4 of

Lot 2, Lots 3-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 13:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 14:
	 	NW/4NW/4, Lots

1-15;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 24:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 25:
	 	Lots 1-16.	 	 	 	 

A-3

 

Part 3: Triton Reserves

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lease	 	Property

 Control No.	 	Date	 	Base Lessor	 	Original Lessee	 	Current Lessee	 	Lease Lands	 	Base

Lessor Royalty
	 
	Federal Coal

Lease W-71692	 	BT-248	 	12/1/66	 	United States of
America	 	 	 	Ark Land Company	 	T42N, R70W, 6th PM	 	 	12.5	%
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 2:
	 	Lots 17, 18;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 3:
	 	Lots 17-20;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 9:
	 	Lots 9, 10, 15,
16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 10:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 11:
	 	Lots 1-4, 8, 9,
SW/4 of Lot 10;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 14:
	 	Lots 1-8;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 15:
	 	Lots 1-8.	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Federal
Coal
 Lease
 WYW-127221

	 	BT-249
	 	1/1/98
	 	United States 
of America
	 	Triton Coal Company,

 LLC	 	Ark Land Company	 	T42N, R70W, 6th PM	 	 	12.5	%
		 	 	 	 	 	 	 		 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 4:
	 	Lots 5-16, 19
and 20;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 5:
	 	Lots 5-16.

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	T43N, R70W, 6th PM

	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 32:
	 	Lots 9-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 33:
	 	Lots 11-14.	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Fee Coal Leases

	 	BT-250-1, 2, 3, 4
	 	Counterpart Leases
(William –12/20/79)
(Dorthy, Burton and
Nancy – 12/27/79)
	 	William E. Reno et
ux; Dorothy M.
Reno, Burton K.
Reno, Jr. et ux,
and Nancy Marie
Reno
	 	Peabody Coal Company
	 	 Ark Land Company
	 	T42N, R70W, 6th PM

 Section 11: W/2NE/4.
	 	 
	 	 	 	 

A-4

 

SCHEDULE B

TO

MASTER AGREEMENT

Surface Lands

	 	 	 	 	 	 	 
	Owner	 	Property Control No.	 	Lands	 	 
	Ark Land Company	 	BT-160	 	T43N, R71W, 6th PM
	 
	 	 	 	 	 	 
	 

	 	 	 	Section 2:
	 	E/2, LESS and EXCEPTING THEREFROM the
railroad right of way (See Deed recorded in Book
370/Page 381, Campbell County, Wyoming):
	 

	 	 	 	Section 14:
	 	W/2, LESS and EXCEPTING THEREFROM the
railroad right of way (See Deed recorded in Book
435/Page 434, Campbell County, Wyoming);
	 

	 	 	 	Section 15:
	 	E/2.
	 
	 	 	 	 	 	 
	 	 	 	 	T44N, R71W, 6th PM
	 
	 	 	 	 	 	 
	 

	 	 	 	Section 25:
	 	SW/4.
	 

	 	 	 	Section 35:
	 	All, LESS and EXCEPTING THEREFROM the
railroad right of way (See Deed recorded in Book
370/Page 381, Campbell County, Wyoming).
	 
	 	 	 	 	 	 
	Ark Land Company	 	BT-187	 	T43N, R71W, 6th PM
	 
	 

	 	 	 	Section 11:
	 	Lots 1, 2, 7, 8, 9, 10, 15 & 16 (fka
E/2).
	 
	 	 	 	 	 	 
	Ark Land Company	 	BT-143	 	T43N, R71W, 6th PM
	 
	 	 	 	 	 	 
	 

	 	 	 	Section 1:
	 	Lots 5, 6, 7, 8, 9, 10, 11, SE/4NE/4,
Lots 14, 15, 16, 17 (fka N/2, SW/4), LESS and
EXCEPTING THEREFROM the railroad right of way (See
Deed recorded in Book 366/Page 299, Campbell County,
Wyoming);
	 

	 	 	 	Section 12:
	 	Lots 3, 4, 5, 6 (fka NW/4), LESS and
EXCEPTING THEREFROM the railroad right of way (See
Deed recorded in Book 370/Page 396, Campbell County,
Wyoming).

B-1

 

SCHEDULE C

TO

MASTER AGREEMENT

Prior Lease Agreements

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	 	 	 	 	 	 	 
	Agreement	 	Control No.	 	Date	 	Lessor	 	Lessee	 	Lands	 	 
	Amended and
Restated Lease and
Sublease 
(Federal
Leases)	 	BT-121	 	1/18/02	 	Ark Land Company	 	Thunder Basin Coal
Company, L.L.C.	 	WYW-136458

T43N,
R70W, 6th
PM
 
	 

	 	 	 	 	 	 	 	 	 	Section 4:
	 	W/2 of Lots 8, 9,
16 and 17;
	 

	 	 	 	 	 	 	 	 	 	Section 5:
	 	Lots 5-20;
	 

	 	 	 	 	 	 	 	 	 	Section 6:
	 	Lots 8-23;
	 

	 	 	 	 	 	 	 	 	 	Section 7:
	 	Lots 5-7, N/2 of
Lot 8, Lots
9-12, N/2 and SE/4
of Lot 13, NE/4 of Lot 19;
	 

	 	 	 	 	 	 	 	 	 	Section 8:
	 	Lots 1-16;
	 

	 	 	 	 	 	 	 	 	 	Section 9:
	 	W/2 of Lots 4, 5
and 12, Lots 13-14.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T43N, R71W, 6th PM
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Section 1:
	 	Lots 5-15, N/2 of
Lot 16, Lots 17-19, SE/4NE/4;
	 

	 	 	 	 	 	 	 	 	 	Section 12:
	 	Lots 1, NE/4 of
Lot 2.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	WYW-149516
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T43N, R70W, 6th PM
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	That part of the east half of
lots 8, 9, 16 and 17 of
Section 4, which is west of a
line running north-south along
Wyoming State Plane
(East
Zone, NAD 1927) coordinate
E470, 536.83,

C-1

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	 	 	 	 	 	 	 
	Agreement	 	Control No.	 	Date	 	Lessor	 	Lessee	 	Lands	 	 
	 	 	 	 	 	 	 	 	 	 	with an area of
15.07 acres more or less, and;
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	WYW-148123
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	That part of the east half of
lots 4, 5 & 12 of Section 9,
which is west of a line
running north-south along
Wyoming State Plane (East
Zone, NAD 1927) coordinate
E470, 536.83, with an area of
14.14 acres more or less.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Sublease	 	BT-268	 	8/20/04, as amended	 	Ark Land Company	 	Thunder Basin Coal
Company, L.L.C. and
Triton Coal
Company, 	 	W-71692

T42N, R70W, 6th PM
	 

	 	 	 	 	 	 	 	LLC	 	Section 2:
	 	Lots 17, 18;
	 

	 	 	 	 	 	 	 	 	 	Section 3:
	 	Lots 17-20;
	 

	 	 	 	 	 	 	 	 	 	Section 9:
	 	Lots 9, 10, 15, 16;
	 

	 	 	 	 	 	 	 	 	 	Section 10:
	 	Lots 1-16;
	 

	 	 	 	 	 	 	 	 	 	Section 11:
	 	Lots 1-4, 8, 9,
	 

	 	 	 	 	 	 	 	 	 	 	 	SW/4 of Lot 10;
	 

	 	 	 	 	 	 	 	 	 	Section 14:
	 	Lots 1-8;
	 

	 	 	 	 	 	 	 	 	 	Section 15:
	 	Lots 1-8.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	WYW-127221
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T42N, R70W, 6th PM
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Section 4:
	 	Lots 5-16, 19 and
20;
	 

	 	 	 	 	 	 	 	 	 	Section 5:
	 	Lots 5-16.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T43N, R70W, 6th PM
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Section 32:	 	Lots 9-16;
	 

	 	 	 	 	 	 	 	 	 	Section 33:
	 	Lots 11-14.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Reno
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T42N, R70W, 6th PM
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Section 11:
	 	W/2NE/4

C-2exv10w13

 

Exhibit 10.13

Amendment No. 1 to Master Lease and Sublease Agreement

     This Amendment No. 1 to Master Lease and Sublease Agreement (this “Amendment”),
effective as of December 30, 2005, is by and between Ark Land Company, a Delaware corporation
(“Ark Land”), Ark Land LT, Inc., a Delaware corporation (together with Ark, the “Land
Companies”), Thunder Basin Coal Company, L.L.C., a Delaware limited liability company
(“TBCC”), and Triton Coal Company, LLC, a Delaware limited liability company
(“Triton” and, together with TBCC, the “Operating Companies”).

Recitals

     A. The Land Companies and the Operating Companies are party to that certain Master Lease and
Sublease Agreement, dated effective as of April 1, 2005 (the “Master Lease”).

     B. Pursuant to a School Creek Master Agreement, dated as of December 30, 2005, between West
Roundup Resources, Inc., a Delaware corporation (“WRRI”), TBCC, Ark Land, Triton and
Western Energy Resources, Inc., a Delaware corporation, WRRI and Ark Land agreed to exchange
certain coal reserves specified therein.

     C. The Land Companies and the Operating Companies desire to amend the Master Lease to reflect
the reserve exchange referenced above.

Agreements

     NOW, THEREFORE, for and in consideration of the mutual covenants contained herein, and other
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the
parties agree as follows:

     1. Schedule A and Exhibit A to the Master Lease are hereby deleted in their entirety and
replaced with Schedule A and Exhibit A hereto, respectively.

     2. The parties hereby ratify, adopt and confirm the Master Lease as amended hereby and
acknowledge that the Master Lease is valid and in full force and effect.

     3. Except as expressly provided herein, this Amendment shall not, nor shall it be construed
to, amend, modify or waive any provision of the Master Lease.

     4. This Amendment may be executed in one or more counterparts, each of which shall be deemed
an original and all of which together shall constitute one amendment.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed effective as
of the date first set forth above.

	 	 	 	 	 	 	 	 	 
	Land Companies:	 	 	 	Ark Land Company	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Douglas M. Downing	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Douglas M. Downing	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Ark Land LT, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Douglas M. Downing	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Douglas M. Downing	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	Operating Companies:	 	 	 	Thunder Basin Coal Company, L.L.C	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Kenneth Cochran	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Kenneth Cochran	 	 
	 

	 	 	 	 	 	President and General Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Triton Coal Company, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Paul A. Lang	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Paul A. Lang	 	 
	 

	 	 	 	 	 	President	 	 

 

 

SCHEDULE A

TO

1ST AMENDMENT TO MASTER AGREEMENT

Coal Leases

Part 1: Thundercloud Reserves

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	 	 	 	 	 	 	 	 	 	 	Base
	 	 	Control	 	 	 	 	 	 	 	 	 	 	 	 	 	Lessor
	Lease	 	No.	 	Date	 	Base Lessor	 	Original Lessee	 	Current Lessee	 	Lease Lands	 	 	 	Royalty
	 
	Federal Coal Lease

	 	BT-120
	 	1/1/99
	 	United States
	 	Ark Land Company
	 	Ark Land
	 	T43N, R70W, 6th PM
	 	 	12.5	%
	WYW-136458

	 	 	 	 	 	of America	 	 	 	Company	 	Section 4:
	 	W/2 of Lots 8, 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	9, 16 and 17;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 5:
	 	Lots 5-20;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 6:
	 	Lots 8-23;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 7:
	 	Lots 5-7, N/2 of
Lot 8, Lots 9-12,
N/2 and SE/4 of
Lot 13, NE/4 of
Lot 19;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 8:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 9:
	 	W/2 of Lots 4, 5
and 12, Lots 13-14.	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	T43N, R71W, 6th PM
	 	 	 	 
	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 1:
	 	Lots 5-15, N/2
of Lot 16, Lots
17-19,
SE/4NE/4;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 12:
	 	Lots 1, NE/4 of
Lot 2.	 	 	 	 

A-1

 

Part 1: Thundercloud Reserves

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	 	 	 	 	 	 	 	 	Base
	 	 	Control	 	 	 	 	 	 	 	 	 	 	 	Lessor
	Lease	 	No.	 	Date	 	Base Lessor	 	Original Lessee	 	Current Lessee	 	Lease Lands	 	Royalty
	 
	Federal Coal

Lease

WYW-149156

	 	BT-133
	 	 	 	Jacobs Land &

Livestock Company

(Sublessor)
	 	 	 	Ark Land Company

(Sublessee)
	 	T43N, R70W,
6th PM

That part of the east half of
lots 8, 9, 16 and 17 of
Section 4, which is west of a
line running north-south
along Wyoming State Plane
(East Zone, NAD 1927)
coordinate E470, 536.83,
with an area of 15.07 acres
more or less, and;
	 	 	12.5	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Federal Coal

Lease

WYW-148123

	 	BT-133
	 	 	 	Jacobs Ranch Coal

Company (Sublessor)
	 	 	 	Ark Land Company

(Sublessee)
	 	That part of the east half of
lots 4, 5 & 12 of Section 9,
which is west of a line
running north-south along
Wyoming State Plane (East
Zone, NAD 1927)
coordinate E470, 536. 83,
with an area of 14.14 acres
more or less.
	 	 	12.5	%

A-2

 

Part 2: Little Thunder Creek Reserves

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	 	 	 	 	 	 	 	 	 	 	Base
	 	 	Control	 	 	 	 	 	 	 	 	 	 	 	 	 	Lessor
	Lease	 	No.	 	Date	 	Base Lessor	 	Original Lessee	 	Current Lessee	 	Lease Lands	 	Royalty
	 
	Federal Coal

	 	BT-270
	 	3/1/05
	 	United States
	 	Ark Land LT,
	 	Ark Land LT,
	 	T44N, R71W, 6
th PM
	
	 	12.5	%
	Lease
	 	 	 	 	 	of America	 	Inc.	 	Inc.	 	Section 35:	 	Lots 1-16
	 	 
	WYW-

	 	 	 	 	 	 	 	 	 	 	 	T43N, R71W,
6th PM	 	 	 	 
	150318

	 	 	 	 	 	 	 	 	 	 	 	Section 1:
	 	S/2 of Lot 16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 2:
	 	Lots 5-20;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 11:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 12:
	 	W/2 and SE/4	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	of Lot 2, Lots 3-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 13:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 14:
	 	NW/4NW/4,	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	Lots 1-15;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 24:
	 	Lots 1-16;	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	Section 25:
	 	Lots 1-16.	 	 	 	 

A-3

 

Part 3: Triton Reserves

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	 	 	 	 	 	 	 	 	 	 	Base
	 	 	Control	 	 	 	 	 	 	 	 	 	 	 	 	 	Lessor
	Lease	 	No.	 	Date	 	Base Lessor	 	Original Lessee	 	Current Lessee	 	Lease Lands	 	Royalty
	 
	Federal Coal
	 	BT-248	 	12/1/66	 	United States of 	 	 	 	Ark Land 	 	T42N, R70W,6th PM
	 	12.5%
	Lease W-71692
	 	 	 	 	 	America	 	 	 	Company	 	Section 2:	 	Lots 17, 18;	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Section 3:	 	Lots 17-20;	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Section 10:	 	Lots 1-4; 6-9;	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Section 11:	 	Lots 1-4, and 8;	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Section 14:	 	Lots 1,2,6,7,	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	and 8,	 	 
	 
	Federal Coal 
	 	BT-249	 	1/1/98	 	United States of 	 	Triton Coal 	 	  Ark Land 	 	T42N, R70W, 6th PM
	 	12.5%
	Lease WYW-127221
	 	 	 	 	 	America	 	Company, LLC	 	Company	 	Section 4:	 	Lots 5-16, 19 and 20;	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Section 5:	 	Lots 5-16.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Section 32:	 	Lots 9-16;	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	Section 33:	 	Lots 11-14	 	 
	 
	Fee Coal Leases
	 	BT-250-1,	 	Counterpart	 	   William E. Reno et	 	     Peabody Coal 	 	Ark Land 	 	 T42N, R70W, 6thPM
	 	 
	 
	 	2,3,4	 	Leases	 	ux; Dorothy M.	 	Company 	 	Company	 	Section 11:	 	W/2NE/4.	 	 
	 
	 	 	 	(William -	 	Reno, Burton K.	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	12/20/79)	 	Reno, Jr. et ux, and	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	

(Dorthy,
Burton and
Nancy
12/27/79)	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

A-4

 

SCHEDULE B

TO

1ST AMENDMENT TO MASTER AGREEMENT

Surface Lands

	 	 	 	 	 	 	 
	Owner	 	Property Control No.	 	Lands	 	 
	 
	Ark Land

	 	BT-160
	 	T43N, R71W, 6th PM

	 	 
	Company

	 	 	 	Section 2:
	 	E/2, LESS and EXCEPTING THEREFROM the railroad right of
	 

	 	 	 	 
	 	way (See Deed recorded in Book 370/Page 381, Campbell
	 

	 	 	 	 	 	County, Wyoming):
	 

	 	 	 	Section 14:
	 	W/2, LESS and EXCEPTING THEREFROM the
railroad right of way (See Deed recorded in Book
435/Page 434, Campbell County, Wyoming);
	 

	 	 	 	Section 15:
	 	E/2.
	 
	 	 	 	 	 	 
	 

	 	 	 	T44N, R71W, 6th PM
	 	 
	 

	 	 	 	Section 25:
	 	SW/4.
	 

	 	 	 	Section 35:
	 	All, LESS and EXCEPTING THEREFROM the railroad
	 

	 	 	 	 	 	right of way (See Deed recorded in Book 370/Page 381,
	 

	 	 	 	 	 	Campbell County, Wyoming).
	 
	Ark Land

	 	BT-187
	 	T43N, R71W, 6th PM
	 	 
	Company

	 	 	 	Section 11:
	 	Lots 1, 2, 7, 8, 9, 10, 15 & 16 (fka E/2).
	 
	Ark Land

	 	BT-143
	 	T43N, R71W, 6th PM
	 	 
	Company

	 	 	 	Section 1:
	 	Lots 5, 6, 7, 8, 9, 10, 11, SE/4NE/4, Lots 14, 15, 16,
	 

	 	 	 	 	 	17 (fka N/2, SW/4), LESS and EXCEPTING THEREFROM the
	 

	 	 	 	 	 	railroad right of way (See Deed recorded in Book
	 

	 	 	 	 	 	366/Page 299, Campbell County, Wyoming);
	 

	 	 	 	Section 12:
	 	Lots 3, 4, 5, 6
(fka NW/4), LESS and EXCEPTING THEREFROM the railroad
right of way (See Deed recorded in Book 370/Page 396,
Campbell County, Wyoming).
	 
	Ark Land

	 	BT-271
	 	T43N, R71W, 6th PM
	 	 
	Company
	 	 	 	Section 3:	 	ALL;
	 
	 	 	 	 	 	 
	 

	 	 	 	Section 10:
	 	W/2;
	 
	Ark Land

	 	BT-271
	 	T44N, R71W, 6th
PM

	Company

	 	 	 	Section 34: 	 	Lot 9, 10, 15 and 16 (fka SE/4) 

 

B-1

 

SCHEDULE C

TO

1ST AMENDMENT TO MASTER AGREEMENT

Prior Lease Agreements

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	 	 	 	 	 	 	 
	Agreement	 	Control No.	 	Date	 	Lessor	 	Lessee	 	Lands	 	 
	Amended and Restated
	 	BT-121-1	 	1/18/02	 	Arch Western 	 	Thunder Basin Coal 	 	T44N, R71W, 6th PM
	 Lease and Sublease

	 	 	 	 	 	Resources, LLC	 	Company,
L.L.C.	 	Section 36:  All.
	(State Lease)

	 	 	 	 	 	 	 	 	 	 

	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Amended and Restated
Lease and Sublease
	 	BT-121	 	1/18/02
	 	Ark Land Company	 	Thunder Basin Coal Company,
L.L.C.	 	WYW-136458
	(Federal Leases)	 		 		 		 		 	
	 	 	 	 	 	 	 	 	 	 	T43N, R70W, 6th PM
	 

	 	 	 	 	 	 	 	 	 	Section 4:
	 	W/2 of Lots 8, 9, 16 and
17;
	 

	 	 	 	 	 	 	 	 	 	Section 5:
	 	Lots 5-20;
	 

	 	 	 	 	 	 	 	 	 	Section 6:
	 	Lots 8-23;
	 

	 	 	 	 	 	 	 	 	 	Section 7:
	 	Lots 5-7, N/2 of Lot 8,
Lots 9-12, N/2 and SE/4 of Lot 13, NE/4 of
Lot 19;
	 

	 	 	 	 	 	 	 	 	 	Section 8:
	 	Lots 1-16;
	 

	 	 	 	 	 	 	 	 	 	Section 9:
	 	W/2 of Lots 4, 5 and 12, Lots 13-14.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T43N, R71W,
6th
PM
 
	 

	 	 	 	 	 	 	 	 	 	Section 1:
	 	Lots 5-15, N/2 of Lot 16,
Lots 17-19, SE/4NE/4;
	 

	 	 	 	 	 	 	 	 	 	Section 12:
	 	Lots 1,
NE/4 of Lot 2.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	WYW-148123
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T43N, R70W,
6th
PM
 
	 	 	 	 	 	 	 	 	 	 	That part of the east half of lots

C-1

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	 	 	 	 	 	 	 
	Agreement	 	Control
No.	 	Date	 	Lessor	 	Lessee
	 	Lands	 	 
	 	 	 	 	 	 	 	 	 	 	8, 9, 16 and 17 of Section 4, which
is west of a line running
north-south along Wyoming
State Plane (East Zone, NAD
1927) coordinate E470, 536.83,
with an area of 15.07 acres
more or less, and;
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	That part of the east half of lots
4, 5 & 12 of Section 9, which is
west of a line running north-
south along Wyoming State
Plane (East Zone, NAD 1927)
coordinate E470, 536.83, with
an area of 14.14 acres more or
less.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Sublease	 	BT-268	 	8/20/03, as

amended	 	Ark Land Company	 	Thunder Basin Coal
Company, L.L.C. and Triton Coal Company, LLC	 	W-71692

	 	 	 	 	 	 	 	 		 	T42N, R70W, 6th PM
	 

	 	 	 	 	 	 	 	 	 	Section 2:
	 	Lots 17, 18;
	 

	 	 	 	 	 	 	 	 	 	Section 3:
	 	Lots 17-20;
	 

	 	 	 	 	 	 	 	 	 	Section 9:
	 	Lots 9, 10, 15, 16;
	 

	 	 	 	 	 	 	 	 	 	Section 10:
	 	Lots 1-16;
	 

	 	 	 	 	 	 	 	 	 	Section 11:
	 	Lots 1-4, 8, 9,
SW/4 of Lot 10;
	 

	 	 	 	 	 	 	 	 	 	Section 14:
	 	Lots 1-8;
	 

	 	 	 	 	 	 	 	 	 	Section 15:
	 	Lots 1-8.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	WYW-127221
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T42N, R70W, 6th PM
	 

	 	 	 	 	 	 	 	 	 	Section4:
	 	Lots 5-16, 19 and
20;
	 

	 	 	 	 	 	 	 	 	 	Section 5:
	 	Lots 5-16.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T43N, R70W,
6th
PM
 
	 

	 	 	 	 	 	 	 	 	 	Section 32:
	 	Lots 9-16;
	 

	 	 	 	 	 	 	 	 	 	Section 33:
	 	Lots 11-14.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Reno	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	T42N, R70W, 6th PM
	 

	 	 	 	 	 	 	 	 	 	Section 11:
	 	W/2NE/4

C-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]