Document:

EX-10.41

 Exhibit 10.41 
 ADMINISTRATIVE SERVICES AGREEMENT 
 This
ADMINISTRATIVE SERVICES AGREEMENT (the “Agreement”) entered into this 11th day of October, 2011, but effective as of the 1st day of January, 2011 (the “Effective Date”) by and among ARMSTRONG ENERGY,
INC. (“Armstrong Energy”), a Delaware corporation formerly known as Armstrong Land Company, LLC with an address of 7733 Forsyth Boulevard, Suite 1625, St. Louis, Missouri 63105, ARMSTRONG
RESOURCE PARTNERS, L.P. (“ARP”), a Delaware limited partnership formerly known as Elk Creek, L.P., having an address of 7733 Forsyth Boulevard, Suite 1625, St. Louis, Missouri 63105, and
ELK CREEK GP, LLC (“Elk Creek GP”), a Delaware limited liability company and the managing general partner of ARP having an address of 7733 Forsyth Boulevard, Suite 1625, St. Louis, Missouri 63105.

 WHEREAS, The Parties hereto desire, by their execution of this Agreement, to evidence the terms and
conditions upon which Armstrong Energy will provide certain services to the ARP Entities. 
 Now,
THEREFORE, in consideration of the premises and the covenants, conditions, and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties
hereto hereby agree as follows: 
 ARTICLE 1: DEFINITIONS AND CONSTRUCTION 

1.1 Definitions. The definitions set forth below shall be for all purposes, unless otherwise clearly indicated to the contrary,
applied to the terms used in this Agreement. 
 “Adjusted Administrative Services Fee” shall have the meaning set
forth in Section 2.5. 
 “Administrative Services Fee” shall have the meaning set forth in Section 2.3(a).

 “Affiliate” shall mean, with respect to any Person, any other Person that directly or indirectly through one or
more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the
management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. Notwithstanding the foregoing, a Person shall only be considered an “Affiliate” of the general partner of ARP, as applicable, if
such Person owns, directly or indirectly, 50% or more of the voting securities of such general partner or otherwise possesses the sole power to direct or cause the direction of the management and policies of such general partner; further provided,
however, that for purposes of this Agreement, Armstrong Energy nor any of its Affiliates shall be deemed to be Affiliates of the ARP Entities and vice versa. 
 “Agreement” shall mean this Administrative Services Agreement, as it may be amended, modified, or supplemented from time to time. 

“Armstrong Energy” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“ARP” shall have the meaning set forth in the introductory paragraph of this Agreement. 

 “ARP Entities” shall mean ARP, Elk Creek GP, and any Affiliate controlled (and
only so long as such Affiliates are controlled) by ARP or Elk Creek GP (as the term “control” is used in the definition of “Affiliate”) but excluding Armstrong Energy or any of its Affiliates. 

“Confidential Information” shall mean information not generally known or publicly available about the operations of a Entity
relating to sales, marketing, or other services provided to customers; operation of or proposed changes to, such Entity’s assets; the plans and strategies dealing with the business of the Entity; or other competitively sensitive information of
any Entity. Confidential Information includes non-public information regarding prices, costs, margins, volumes and contractual terms for any particular customer; any method, tool or computer program used to determine prices for any asset; all plans
or strategies used or adopted to negotiate, target or identify a particular customer for any asset; all information regarding plans and prospective budgets to expand or build a new facility or mineral reserve; all information regarding a proposal to
buy an existing facility or mineral reserve; and capacity, production or utilization of any facility or mineral reserve. 

“Effective Date” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“Elk Creek GP” shall have the meaning set forth in the introductory paragraph of this Agreement. 

“Entities” shall mean Armstrong Energy or any of its Affiliates and the ARP Entities and any of their Affiliates. 

“Fixed Charges Fee” shall have the meaning set forth in Section 2.3(b). 

“Independent Director” shall mean an individual director who meets the independence, qualification and experience requirements
established by the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission thereunder and by the Nasdaq National Market. 

“Party” shall mean any one of the Persons that executes this Agreement. 

“Payment Default” shall mean the failure of an Entity or Party as applicable to pay the invoices described
in Section 2.4 on or before the 30th day following
the end of each fiscal quarter. 
 “Person” means an individual or a corporation, limited liability company,
partnership, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity. 
 “Proposed Fee” shall have the meaning set forth in Section 2.5. 

“Screening Officer” shall mean the chief legal officer or general counsel for each of Armstrong Energy and ARP Entities, or in
the absence of such a Person, outside legal counsel selected by the President of any of the foregoing Entities. 

  
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 “Services Standard” shall mean, with respect to the performance of the Services,
the good faith undertaking, on a commercially reasonable basis, to perform the Services in all material respects in compliance with applicable laws and prudent industry practices. 

“Services” shall have the meaning set forth in Section 2.1. 

“Shared Employees” shall mean employees of Armstrong Energy or its Affiliates providing Shared Services. 

“Shared Services” shall mean services provided by employees of Armstrong Energy or its Affiliates to both Armstrong Energy
Entities and the ARP Entities, and such services shall include, but not be limited to, management, human resources, information technology, financial and accounting services, legal services and such other services. 

1.2 Construction. Unless the context requires otherwise: (a) any pronoun used in this Agreement shall include the
corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (b) references to Articles and Sections refer to Articles and Sections of this Agreement;
(c) the terms “include”, “includes”, “including” or words of like import shall be deemed to be followed by the words “without limitation”; and (d) the terms “hereof, “herein” or
“hereunder” refer to this Agreement as a whole and not to any particular provision of this Agreement. The table of contents and headings contained in this Agreement are for reference purposes only, and shall not affect in any way the
meaning or interpretation of this Agreement. 
 ARTICLE 2: SERVICES 

2.1 Services. Beginning on the Effective Date, subject to the terms of this Article 2 and in exchange for the payment
described in Section 2.3, Armstrong Energy hereby agrees to provide each of the ARP Entities with such general administrative and management services, including but not limited to human resources, information technology, financial and
accounting services, legal services and other services (the “Services”) as may be necessary to manage the business of the ARP Entities, as applicable, in accordance with the Services Standard; it being understood and agreed by the Parties
that in connection with the provision of such Services, Armstrong Energy shall employ or otherwise retain such personnel as may be necessary to provide the Services. 
 2.2 Provision of Insurance. Armstrong Energy hereby agrees to cause each of the ARP Entities to be named as additional insureds in Armstrong Energy’s insurance program, as in effect from time
to time. Each of the ARP Entities shall be allocated, and pay for, such insurance coverage in an amount equal to Armstrong Energy’s cost of insuring the assets and operations of such partnership entities. 

2.3 Payment for Services.  
 (a) As remuneration for the provision to the ARP Entities of the Services, Armstrong Energy shall be entitled to receive, and the ARP Entities agree to pay to Armstrong Energy, an amount equal to the
percentage of each Armstrong Energy employee’s compensation allocable to the ARP Entities, which shall be equal to $60,000.00 per month until December 31, 2011. In addition the ARP Entities shall pay all sales, use,

  
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excise, value added or similar taxes, if any, that may be applicable from time to time in respect of the Services provided to such entities by Armstrong Energy. The aggregate amount payable by
the ARP Entities to Armstrong Energy pursuant to this Section 2.3(a) with respect to a given period of time shall be referred to herein as the “Administrative Services Fee.” It is the intention of the Parties that the Administrative
Services Fee represents fair and reasonable compensation to Armstrong Energy for the ARP Entities’ allocable share of the base salaries, employer costs for employee benefits, bonuses paid and provided to such personnel by Armstrong Energy or
any of its Affiliates. The amount of the Administrative Services Fee shall not be adjusted except in accordance with Section 2.5, notwithstanding any change in personnel or the Services provided to any of the ARP Entities. 

(b) In addition, the ARP Entities shall pay Armstrong Energy an aggregate annual amount of $279,996.00 ($69,999.00 per
quarter) for certain shared fixed costs including, but not limited to, overhead expenses, office leases, telephone and office equipment leases, and other similar items (the “Fixed Charges Fee”). It is the intention of the Parties that the
Fixed Charges Fee represents fair and reasonable remuneration to Armstrong Energy for the ARP Entities’ use of the facilities and equipment of Armstrong Energy and its Affiliates. The amount of the Fixed Charges Fee shall not be adjusted except
in accordance with Section 2.5. 
 2.4 Invoices. Armstrong Energy shall invoice the ARP
Entities on or before ten days following the end of each fiscal quarter for the Administrative Services Fee and the Fixed Charges Fee for such quarter. All invoices shall be due and payable on the 30th day following the end of each fiscal quarter. 

2.5 Annual Reallocation. On or about December 1 of each year, Armstrong Energy shall submit for approval a new estimate of
the Administrative Service Fee and the Fixed Charges Fee (together, the “Proposed Fee”) to the Conflicts Committee of the Board of Directors of Armstrong Energy. The Proposed Fee will reflect any changes in personnel of Armstrong Energy or
its Affiliates who are performing the Services, changes in each such employee’s compensation and Armstrong Energy’s good faith estimate of the time each such employee will spend performing Services on behalf of each of the ARP Entities
taking into account prior performance and future expectations. The Proposed Fee shall also reflect Armstrong Energy’s good faith estimate of the amount of fixed costs allocable to the ARP Entities. Once approved by the Conflicts Committee of
the Board of Directors of Armstrong Energy, or pursuant to the provisions of Section 2.6, the Proposed Fee shall become part of this Agreement and replace the existing Administrative Service Fee and the Fixed Charges Fee until such time as a
new Proposed Fee is approved in accordance with the provisions of this Section 2.5 or Section 2.6. 
 In addition,
Armstrong Energy shall prepare a schedule detailing the variance between the estimated allocation of time spent by its personnel on behalf of each of the ARP Entities in the past fiscal year (the “Adjusted Administrative Services Fee”) and
submit such schedule for approval to the Conflicts Committee of the Board of Directors of Armstrong Energy. Upon approval by the Conflicts Committee of the Board of Directors of Armstrong Energy, or pursuant to the provisions of Section 2.6,
the difference between the Administrative Services Fee paid and the Adjusted Administrative Services Fee shall be paid by or reimbursed (as applicable by the context) within 60 days of the fiscal year end. 

  
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 2.6 Disputes. Should there be a dispute over the nature or quality of the Services,
the calculation and allocation of the Administrative Services Fee in connection with a Proposed Fee, the allocation of fixed charge in connection with the Fixed Charges Fee or the Adjusted Administrative Services Fee, or a request for reimbursement
of expenses pursuant to Section 2.11, Armstrong Energy and the ARP Entities shall first attempt to resolve such dispute, acting diligently and in good faith, using the past practices of such Parties and documentary evidence of costs as
guidelines for such resolution. If, following good faith negotiation, the Parties cannot resolve any dispute after thirty (30) days, the dispute shall be resolved by binding arbitration in St. Louis, Missouri or another location mutually
agreeable to the parties. The arbitration shall be conducted on a confidential basis pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Any decision or award as a result of any such arbitration proceeding shall be
in writing and shall provide an explanation for all conclusions of law and fact and shall include the assessment of costs, expenses, and reasonable attorneys’ fees. Any such arbitration shall be conducted by an arbitrator experienced in the
coal mining industry and shall include a written record of the arbitration hearing. The parties reserve the right to object to any individual who shall be employed by or affiliated with either of the Parties. An award of arbitration may be confirmed
in a court of competent jurisdiction. 
 2.7 Representations Regarding Use of Services. The ARP Entities and represent
and agree that it will use the Services only in accordance with all applicable federal, state and local laws and regulations, and in accordance with the reasonable conditions, rules, regulations, and specifications that may be set forth in any
manuals, materials, documents, or instructions furnished from time to time by Armstrong Energy to such entities. Armstrong Energy reserves the right to take all actions, including, without limitation, termination of any portion of the Services, that
it reasonably believes is required to assure compliance with applicable laws and regulations. 
 2.8 Warranties; Limitation
of Liability. The Services shall be provided in accordance with the Services Standard. EXCEPT AS SET FORTH IN THE PRECEDING SENTENCE, ARMSTRONG ENERGY MAKES NO (AND HEREBY DISCLAIMS AND NEGATES ANY AND ALL) WARRANTIES OR REPRESENTATIONS
WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICES. IN NO EVENT SHALL ARMSTRONG ENERGY OR ANY OF ITS AFFILIATES BE LIABLE TO ANY OF THE PERSONS RECEIVING ANY SERVICES OR TO ANY OTHER PERSON FOR ANY EXEMPLARY, PUNITIVE, INDIRECT,
INCIDENTAL, CONSEQUENTIAL, OR SPECIAL DAMAGES RESULTING FROM ANY ERROR IN THE PERFORMANCE OF SUCH SERVICE, REGARDLESS OF WHETHER THE PERSON PROVIDING SUCH SERVICE, ITS AFFILIATES, OR OTHERS MAY BE WHOLLY, CONCURRENTLY, PARTIALLY, OR SOLELY NEGLIGENT
OR OTHERWISE AT FAULT, EXCEPT TO THE EXTENT SUCH EXEMPLARY, PUNITIVE, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES ARE PAID BY THE PARTY INCURRING SUCH DAMAGES TO A THIRD PARTY. 

2.9 Force Majeure. Armstrong Energy shall have no obligation to perform the Services if its failure to do so is caused by or
results from any act of God, governmental action, natural disaster, strike, failure of essential equipment, or any other cause or circumstance, whether similar or dissimilar to the foregoing causes or circumstances, beyond the reasonable control of
Armstrong Energy. 

  
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 2.10 Affiliates. At its election, Armstrong Energy may cause one or more of its
Affiliates or third party contractors reasonably acceptable to the Party receiving any Services to provide such Services; provided, however, Armstrong Energy shall remain responsible for the provision of such Services in accordance with this
Agreement. 
 2.11 Expenses. Notwithstanding anything to the contrary, the ARP Entities agree to reimburse Armstrong
Energy for any services provided by third parties (including, without limitation, legal services, accounting and audit services, engineering services or other professional services) performed on or for the benefit of the ARP Entities, within thirty
(30) days of a request for such reimbursement by Armstrong Energy. 
 ARTICLE 3: CONFLICTS OF INTEREST; CONFIDENTIALITY

 3.1 Shared Services. Employees of Armstrong Energy or its Affiliates may be assigned to perform Shared Services
for all or any of the ARP Entities and Armstrong Energy. Employees of Armstrong Energy or its Affiliates performing Shared Services may be appointed to officer positions (including executive officer positions) at the ARP Entities or their respective
controlled Affiliates. As a result of their performance of Shared Services, Shared Employees may obtain Confidential Information that relates to the ARP Entities and Armstrong Energy. To the extent any Shared Employee becomes privy to Confidential
Information of any Parties or their respective Entities for which such employee does not perform Services, such Shared Employee must report that fact and the nature of the Confidential Information to the Screening Officers who will maintain a record
of the name of the person, the date of the report, and the nature of the Confidential Information obtained by the Shared Employee. 
 3.2. Confidential Information. Except as expressly permitted by the Screening Officers and to the extent required to effectively perform the Shared Services, (i) Shared Employees shall not
disclose Confidential Information of Armstrong Energy or its Affiliates to any director, officer or employee associated solely with the ARP Entities, including Independent Directors of any of the ARP Entities; and (ii) Shared Employees shall
not disclose Confidential Information of the ARP Entities or their Affiliates to any director, officer or employee associated solely with Armstrong Energy, including Independent Directors of Armstrong Energy. Shared Employees should seek guidance on
the foregoing restrictions from the Screening Officers to the extent that they are uncertain as to an appropriate course of action. 
 ARTICLE 4: MISCELLANEOUS 
 4.1 Choice of Law. This Agreement shall
be subject to and governed by the laws of the State of Delaware. 
 4.2 Termination. Any party hereto may terminate this
Agreement by providing written notice to the other Parties of its intention to terminate this Agreement, which notice must be provided at least 90 days prior to such termination. Armstrong Energy may terminate this Agreement by providing
30 days’ prior written notice to any of the ARP Entities at any time during which a Payment Default has occurred and is continuing for a period of more than 30 days. 

  
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 4.3 Notices. All notices or requests or consents provided for or permitted to be
given pursuant to this Agreement must be in writing and must be given by depositing same in the United States mail, addressed to the Party to be notified, postpaid, and registered or certified with return receipt requested or by delivering such
notice in person, by facsimile or electronic mail to such Party. Notice given by personal delivery or mail shall be effective upon actual receipt. Notice given by facsimile or by electronic mail shall be effective upon actual receipt if received
during the recipient’s normal business hours, or at the beginning of the recipient’s next business day after receipt if not received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to this
Agreement shall be sent to or made at the address set forth above, or at such other address as such Party may stipulate to the other Parties in the manner provided in this Section 4.3. 

4.4 Entire Agreement. This Agreement constitutes the entire agreement of the Parties relating to the matters contained herein,
superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein. 
 4.5
Waiver. No Party’s express or implied waiver of, or consent to, any breach or default by any Party in the performance by such Party of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other
breach or default in the performance by such Party of the same or any other obligations of such Party hereunder. Failure on the part of a Party to complain of any act of any Party or to declare any Party in default, irrespective of how long such
failure continues, shall not constitute a waiver by such Party of its rights hereunder until the applicable statute of limitations period has run. 
 4.6 Amendment or Modification. This Agreement may be amended or modified from time to time only by the agreement of all the Parties affected by any such amendment. 

4.7 Assignment. No Party shall have the right to assign its rights or obligations under this Agreement without the consent of the
other Parties. 
 4.8 Counterparts. This Agreement may be executed in any number of counterparts with the same effect as
if all Parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. 
 4.9 Severability. If any provision of this Agreement or the application thereof to any Party or circumstance shall be held invalid or unenforceable to any extent, the remainder of this Agreement
and the application of such provision to other Parties or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 
 4.10 Further Assurances. In connection with this Agreement and all transactions contemplated by this Agreement, each Party hereto agrees to execute and deliver such additional documents and
instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this Agreement and all such transactions. 

4.11 Withholding or Granting of Consent. Unless the consent or approval of a Party is expressly required not to be unreasonably
withheld (or words to similar effect), each Party may, with respect to any consent or approval that it is entitled to grant pursuant to this Agreement, grant or withhold such consent or approval in its sole and uncontrolled discretion, with or
without cause, and subject to such conditions as it shall deem appropriate. 

  
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 4.12 Laws and Regulations. Notwithstanding any provision of this Agreement to the
contrary, no Party hereto shall be required to take any act, or fail to take any act, under this Agreement if the effect thereof would be to cause such Party to be in violation of any applicable law, statute, rule or regulation. 

4.13 Rights of Third Parties. The provisions of this Agreement are enforceable solely by the Parties, and no Limited Partner or
other Person shall have the right to enforce any provision of this Agreement or to compel any Party to comply with the terms of this Agreement. 
 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by their respective authorized officers as of the date first set forth
above. 
  

	
	ARMSTRONG RESOURCE PARTNERS, L.P.
	
	 By: Elk Creek GP, LLC, its general partner

	
	 /s/ Martin D. Wilson

	 By: Martin D. Wilson, Manager

	
	 ELK CREEK GP, LLC

	
	 /s/ Martin D. Wilson

	 By: Martin D. Wilson, Manager

	
	ARMSTRONG ENERGY, INC.
	
	 /s/ Martin D. Wilson

	 By: Martin D. Wilson, President

  
 8EX-10.42

 Exhibit 10.42 

Elk Creek 
 Ohio
County 
  
 COAL MINING LEASE AND SUBLEASE 

This COAL MINING LEASE AND SUBLEASE (this
“Lease”) is made and entered into as of February 9, 2011 (the “Effective Date”), by and between: (i) CERALVO HOLDINGS, LLC, a Delaware limited liability company (the
“Lessor”), and (ii) ARMSTRONG COAL COMPANY, INC., a Delaware corporation (the “Lessee”). 

WITNESSETH: 
 WHEREAS, Lessor owns the fee interests as indicated on Schedule A, attached hereto, in the real property indicated on Schedule A (the “Owned
Property”) and/or the leasehold interests as indicated on Schedule B, attached hereto, in the real property indicated on Schedule B (the “Leased Property”), demised pursuant to the agreements identified in Schedule B
(as such agreements may be supplemented, amended, restated, replaced, or modified from time to time, each such agreement an “Underlying Lease”), together with any greater estate therein as may now exist or hereafter may be acquired by
Lessor (the Owned Property and the Leased Property are, collectively, the “Premises”); and 

WHEREAS, Lessor desires to lease the Premises to Lessee, and Lessee desires to lease the same from
Lessor, upon such terms and conditions as are set forth herein. 
 NOW
THEREFORE, in consideration of One Dollar and the mutual covenants hereinafter contained, the parties hereto agree as follows: 
 Subject to the terms hereof, Lessor does hereby lease unto Lessee the Premises and grant unto Lessee an exclusive license to enter upon the Surface Lands (as hereafter defined) for the purpose of mining
all veins of coal on the Premises. It is agreed that Lessor hereby grants to Lessee, with respect to the Premises, to the extent the Lessor has the right to do so, all mining rights, privileges and immunities, of every nature and kind (including
deep mining, strip mining, highwall mining and auger mining rights), coal-bed methane rights and the rights to extract all other minerals not covered by pre-existing rights currently held by Lessor or third parties, which are necessary, convenient
or customary in connection with or in relation to the conduct of mining operations or the development, equipment or improvement of mines, or for the mining, extraction, removal or recovery of coal, including the right to disturb, cast, and pile all
strata without regard to mineral content and for preparing and marketing coal; such rights, including, without limitation, to the extent permitted by applicable statutes and regulations and to the extent the Lessor has the right to grant the same,
the right to install and maintain railroad, truck and river dock loading facilities, storage areas, railroad tracks and switches, pumping stations, pole lines and wires; to create gob piles (provided gob piles are maintained, stabilized, and removed
or covered as governed by all existing and future laws); to dig ditches for the drainage of water; to lay pipe lines; to erect towers; to provide for the storage of materials and supplies; to construct and use roadways; to erect and use

 
buildings, plants and structures of every kind; and, in general, and without limitation, to do any and all things incident to Lessee’s mining, processing, and marketing of coal produced from
the Premises; and Lessee is empowered and authorized to exercise all of the aforesaid rights, privileges and immunities. 

Subject, however, to the following rights existing as of the Effective Date: oil and gas lease rights, public roads, public drainage
ditches, easements for power lines, pipelines, railroads and rights-of-way, telephone lines, buried cables and all other easements and reservations. 
 TO HAVE AND TO HOLD the same unto the Lessee, its successors and assigns, for and during the term herein
set forth and upon the following terms and conditions: 
 ARTICLE 1 

TERM OF LEASE  

Section 1.1-Term. The term of this Lease (“Term”) shall commence on the Effective Date, and
terminate on the tenth (10th) anniversary of the
Effective Date; provided, that the Term shall automatically be extended for ten (10) one-year extension periods, and thereafter until such time as all of the minable and merchantable coal has been mined, unless Lessee delivers notice of
non-renewal to Lessor prior to the end of the then-existing Term. Lessee shall be entitled to terminate this Lease upon ninety (90) days’ written notice to Lessor, in which case Lessee’s obligations, including any royalty payments,
shall be limited to those incurred as of the date of such termination. 
 ARTICLE 2 

MINING OPERATIONS AND SURFACE LANDS  

Section 2.1-Mining Operations. Lessee will conduct mining operations on the Premises and the Surface Lands in a reasonable
and professional manner in accordance with standard practices employed in western Kentucky coalfields. Lessee shall conduct its mining operations in accordance with, and shall comply with, all state and local laws and the lawful rules, regulations
and orders of any governmental authority in respect of such mining operations. Lessor grants to Lessee the right, at the cost and expense of Lessee, to do and perform, with respect to the Premises, whatever may be required to be performed by Lessee,
or may be deemed by Lessee to be required or to be advisable, in order to comply with federal, state or local law or the lawful rules, regulations or orders or any governmental authority. Lessor further agrees to execute and deliver upon the request
of Lessee any additional forms or documentation required by any governmental agency or bureau with regard to the prosecution of the mining operation. 
 Section 2.2-Use of Surface Lands. Lessor shall retain in its possession the instruments of every nature and kind evidencing Lessor’s interest in and to the Premises and the Surface Lands
and every part thereof; provided, however, that upon request by Lessee, Lessor shall make such records available to Lessee for use thereof by Lessee. Except as otherwise provided herein, Lessor shall retain possession of the surface rights related
to the Premises (the “Surface Lands”), until the same shall be required by Lessee in connection with its mining operations hereunder, it being recognized by Lessee that the 

  
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Surface Lands are now or may hereafter be used by Lessor for farming or other purposes. When and as often as Lessee shall first require any of the Surface Lands in connection with its mining
operation, Lessee shall, not more than one hundred twenty (120) or less than ninety (90) days prior to January 1 of the year when such Surface Lands will be required by Lessee, give written notice to Lessor specifying such lands. At such
time within said year as shall be mutually determined, but not before the expiration of one hundred twenty (120) days after the receipt by Lessor of such notice, Lessor shall deliver exclusive possession of said Surface Lands to Lessee.
Notwithstanding the above, if circumstances warrant, Lessee shall have the right, upon giving Lessor forty (40) days’ written notice, to take possession of such Surface Lands in connection with its mining operations by paying Lessor or crop
tenant for crop damage or soil preparation costs, as the case may be. Lessee may, upon taking possession thereof, remove and disturb such Surface Lands or any part thereof, except that Lessee shall, in its operations, prevent and avoid damage to
existing oil wells and/or pipelines. Forthwith upon termination of the need by Lessee for any particular part of the said Surface Lands in connection with its mining operations hereunder, as determined by Lessee’s mining plans, Lessee shall
surrender possession thereof to Lessor, subject to the provisions of Article 8, Lessee shall, prior to such surrender of possession, comply with all applicable statutes and regulations then in effect with respect to restoration of such Surface
Lands. At Lessor’s request, and upon Lessee’s consent, such consent not to be unreasonably withheld, Lessee may surrender additional Surface Lands to Lessor that are not in Lessee’s mining plan or have been reclaimed by Lessee and
reclamation bonds released. Thereafter, Lessee shall have no further obligations or rights with respect to such lands surrendered and the same shall be deemed to be no longer a part of the Surface Lands; provided, however, that nothing contained in
this sentence shall derogate from or be construed to deny to Lessee, with respect to lands so surrendered, the rights granted herein. Lessor shall have the right to convey title to any part of lands so surrendered, subject, however, to the consent
of Lessee, such consent not to be unreasonably withheld, in which case Lessee shall have no further rights to such lands and such lands shall no longer be part of this Lease. It is understood that Lessor shall make no use of any lands so surrendered
which may adversely affect Lessee’s and/or any assignees’ or sublessees’ rights hereunder in meeting their obligations with regard to reclamation of such lands under applicable law. 

Section 2.3-Underlying Leases. Lessee hereby agrees to comply with the applicable terms and conditions of any Underlying
Lease, which terms are hereby incorporated herein by reference. 
 ARTICLE 3 

ROYALTIES  
 Section 3.1-Production Royalty Payments.  
 (a) Payment for Coal
Mined. For all coal mined and sold by Lessee from the Premises, Lessee shall pay to Lessor a Production Royalty Payment in an amount equal to seven percent (7%) of the Sales Price (as hereinafter defined) received by Lessee. In addition to
the foregoing, Lessee shall pay any royalties due for coal leased (not owned in fee) by Lessor. The aforementioned payments shall be defined herein as 

  
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the “Production Royalty Payments” for all purposes of this Lease. The parties agree that Lessor has received credit for an advance royalty equal to $12,000,000 (“Advance
Payment”), and the amount of the Advance Payment shall be applied against and be recoupable against all future Production Royalty Payments otherwise coming due. 
 (b) Definition of Sales Price. The term Sales Price as used herein shall mean the per ton consideration actually charged Lessee for each 2,000 pounds of coal sold F.O.B. the mine after final
preparation and loading without any deduction of preparation and loading costs, transportation costs, sales commissions or selling expenses, discounts, rebates, preparation charges or any other costs or charges whatsoever. In the case of any coal
not sold at arm’s length, sold to an affiliate of Lessee, consumed by Lessee or sold for a consideration other than money, the per ton consideration for computing the Sales Price shall be the average sale price for coal of comparable quality
under similar contracts, F.O.B. the mine at the time of shipment or consumption without any deduction of preparation and loading costs, transportation costs, sales commissions or selling expenses, discounts, rebates, preparation charges or any other
costs or charges whatsoever. 
 (c) Lessee to Keep Records. Lessee shall keep records of truck scale weights, or river
barge dead weight surveys, or railroad car weights, whichever is applicable, together with accurate surveys and progress maps used in conjunction with accepted and recognized engineering methods which shall be taken as the basis for payment of
Production Royalty Payments. Lessee shall keep a true and correct record of all coal mined, removed and sold from the Premises and shall permit Lessor or its agents, at all reasonable times, to inspect the records, and perform other practical and
reasonable investigations to check the accuracy of the records of Lessee. Lessor, through its agents, may enter upon the Premises at any time for the purpose of verifying the quantity of coal removed therefrom. 

(d) Time, Place and Allocation of Payment of Production Royalty Payments. All Production Royalty Payments
shall be paid by Lessee to Lessor on or before the 25th
day of each calendar month on all coal mined and produced by Lessee from the Premises which was sold during the preceding calendar month and for which Lessee has received payment. All Production Royalty Payments shall be paid by check or by wire
transfer if Lessor so instructs. Each payment of Production Royalty Payments hereunder shall be accompanied by a statement from Lessee showing the number of tons of coal mined and sold during the preceding calendar month (showing separately coal
produced by the strip, surface, auger or open-pit method of mining and coal produced by any other method of mining), the weighted average of the Sales Price and the computation of royalties payable on such coal so mined and sold during such calendar
month. All payments due hereunder shall be mailed to Lessor at the address listed in this Lease, or as otherwise directed by Lessor. 
 ARTICLE 4 
 DEFAULT  

Section 4.1-Events of Default.  

  
 4 

 (a) Defaults Under this Lease. Should Lessee fail to pay any installment of any
royalty payment herein provided for when due, or should Lessee fail to observe or perform any other covenant on its part to be observed or performed under the terms of this Lease, Lessor shall have the right to give Lessee written notice specifying
the particular default or defaults of which complaint is made and of its intention to declare a forfeiture of this Lease by reason of such default or defaults unless the same are rectified. If the default is the failure to pay to Lessor an
installment of a royalty payment at the time provided for herein, Lessee shall have five (5) days from the date of receipt of such notice to correct such default. If the default is the failure of Lessee to observe or perform some other covenant of
this Lease other than to pay royalty payments to Lessor, Lessee shall have thirty (30) days (if such default cannot be cured within thirty (30) days, Lessee shall have such additional reasonable time to cure such default, provided Lessee
diligently takes action to cure such default within such thirty (30) day period) from the date of receipt of such notice to cure such default. In case of a dispute as to whether or not any such default exists, the time Lessee may cure such
default, as aforesaid, shall not commence to run until after the dispute is resolved by arbitration. 
 (b) Remedies Upon
Default. If Lessee fails to remedy any such default or defaults within the time or times herein specified, then at the option of Lessor, all of Lessee’s rights under this Lease shall terminate, except as otherwise provided in
Section 4.1(e), and Lessor shall have the right to re-enter and take possession of the Premises and the Surface Lands without obligation to assume any debt of Lessee; provided, however, that the termination of this Lease in any manner or for
any cause whatever shall not relieve Lessee of its obligation for any royalty payment which may have accrued hereunder at the date of such termination; provided, further, that the remedy of termination in the event of default by Lessee as above
authorized shall not be deemed or interpreted as the exclusive remedy available to Lessor, and Lessor may require and enforce performance by Lessee of each and every term and provision of this Lease incumbent upon the Lessee to be kept and
performed, utilizing any available remedy therefor. 
 (c) Arbitration. Any disagreement between Lessor and Lessee arising
hereunder shall be submitted to binding arbitration in accordance with the rules of the American Arbitration Association then in effect. A panel of three arbitrators, knowledgeable with the coal industry in the western Kentucky area, shall be named,
one to be selected by Lessee, one to be selected by Lessor, and one to be selected by the other two arbitrators. If the two arbitrators appointed by Lessor and Lessee cannot agree on the selection of the third neutral arbitrator selection of such
arbitrator shall be made by the American Arbitration Association. The non-prevailing party shall be responsible for the reasonable expenses, fees and costs (including, without limitation, reasonable attorney’s fees) incurred by both Lessor and
Lessee in such arbitration. If royalty payments are disputed, then those payments shall be placed by Lessee in an interest-bearing escrow account to be distributed in accordance with the decision of the arbitrators. With regard to any monetary sum
or quantum measurement such as coal tonnages or reserves, the figures determined by each of the arbitrators shall be averaged and the determination which differs most from said average shall be excluded; the remaining two determinations shall then
be averaged and such average shall be final and conclusive. 

  
 5 

 (d) Rights of Lessee Upon Termination of Lease. Upon the termination of this Lease
for any cause or in any manner, and upon completion of all reclamation as required by governing authorities and upon payment by Lessee to Lessor of all royalties due hereunder, Lessee shall have the right and obligation within a period of twelve
(12) months from the date of such termination to remove all buildings, structures, machinery, equipment, tools, tracks, power lines and other property owned by Lessee from any portion of the Surface Lands then owned by Lessor; provided,
however, that if the propriety of such termination shall be a matter of disagreement or dispute between Lessor and Lessee, then such twelve (12) months’ period shall not commence to run until, after the dispute is resolved. Provided,
further, that if Lessee, notwithstanding the exercise of reasonable diligence, is prevented by causes beyond the control, and without the fault or negligence, of Lessee from removing said property of Lessee within such twelve (12) months’
period, Lessee shall have, in addition to said twelve (12) months, a period of time equal to the period of time during which Lessee was so prevented from removing such property. 

ARTICLE 5 

REPRESENTATIONS AND WARRANTIES  

Section 5.1-Due Authority of Lessor and Quiet Enjoyment. Lessor covenants and warrants that it has full power and authority
to grant, lease, and let the Premises and the license to the Surface Lands as hereinabove and hereinafter set forth. Lessor, for itself and its successors and assigns, covenants that Lessee shall, against all and every person or persons lawfully
claiming the whole or any part of the Premises or the Surface Lands by, through, or under Lessor, have and quietly possess and enjoy the Premises and the Surface Lands throughout the term of this Lease, so long as Lessee shall not be in default in
the performance of any covenant of this Lease incumbent upon it to be kept and performed. In the event of any such asserted claim which may affect or impair the quiet possession of any part of the Premises or the Surface Lands by Lessee, notice in
writing thereof shall be promptly delivered to Lessor, and Lessor shall be privileged to contest any such claim at its expense; and in such event Lessee shall cooperate with Lessor to remedy the situation, with respect to the part of the Premises or
the Surface Lands as to which such claim has been asserted until such claim is settled, which Lessor agrees shall be done promptly if same can be done on a reasonable basis. Lessor shall not enter into any agreement(s) with third parties that may
interfere with the mining operation or create any obligation or responsibility on Lessee’s part unless agreed to in writing by Lessee. 
 Section 5.2-Eminent Domain or Condemnation Proceedings. Lessor covenants that there are no eminent domain, zoning or condemnation proceedings pending or threatened against or related to the
Surface Lands or any portion thereof. 
 Section 5.3-Litigation. Lessor represents and warrants that there is no
claim, legal action, suit, proceeding, arbitration, dispute, governmental investigation or administrative proceeding, nor any order, decree, or judgment, pending or in effect, or, to Lessor’s knowledge, threatened, against or affecting
(i) the Premises and/or the Surface Lands, (ii) the ability of Lessor to execute this Lease, or (iii) the accuracy and completeness of any representation and warranty of Lessor made herein. 

  
 6 

 Section 5.4-Third Party Claims. Lessor represents and warrants that neither
Lessor nor the Premises and/or the Surface Lands are bound by any contract, agreement, lease, license or subject to any encumbrance of any kind or nature, to which Lessor or its predecessors were a party thereto, and that would in any manner
restrict, limit or affect Lessee’s ability to mine and operate the Premises and/or the Surface Lands as Lessee would choose, free of any obligation to or claim of any person or organization associated with, arising out of or in connection with
any such contract, agreement, lease, license or encumbrance of Lessor or of any affiliate thereof, or of any predecessor in title in interest to the Premises and/or the Surface Lands, including any agreement applicable to any of its employees.

 ARTICLE 6 
 INDEMNIFICATION  

Section 6.1-Indemnification of Lessor. Lessee shall, at its own cost and expense, pay all wages, workmen’s compensation
claims, claims for material, equipment and supplies contracted for by the Lessee in connection with the conduct of its operations hereunder, and shall indemnify and hold, Lessor and its assigns harmless of, from and against, any and all claims
damages, demands, expenses, fines, liabilities and taxes (of any character or nature whatsoever, regardless of by whom imposed), and losses of every conceivable kind, character and nature whatsoever (including, but not limited to, claims for losses
or damages to any property or injury to or death of any person) asserted by or on behalf of any person arising out of, resulting from or in any way connected with Lessee’s presence on or mining of the coal on the Premises or the Surface Lands.
Lessee also covenants and agrees, at its expense, to pay, and to indemnify and save Lessor and its assigns harmless of, from and against, all costs, reasonable attorneys’ fees, expenses and liabilities incurred in any action or proceeding
brought by reason of any such claim or demand. 
 ARTICLE 7 

TAXES  
 Section 7.1-Payment of Taxes. Lessee shall pay or cause to be paid the real estate taxes levied on the Premises and the Surface Lands and shall pay all severance taxes or other taxes based
upon production of coal mined from the Premises. 
 ARTICLE 8 

RECLAMATION OF SURFACE LANDS  

Section 8.1-Reclamation of Surface Lands by Lessee. Once mining commences on the Surface Lands, Lessee will reclaim the
Surface Lands in accordance with all existing applicable federal, state and local laws. In this connection, it will, among other things, fill in or cover all cuts, pits and adits or establish water impoundments, restore the mined out areas to an
acceptable contour, replant such areas and dispose of all toxic and acid-bearing substances in accordance with all applicable laws and regulations in order to ensure that the Surface Lands will not constitute an unreasonable hazard. Lessor shall
have the right, but not the obligation, to inspect all land restoration and revegitation of the Surface Lands and the disposal of toxic substances on the Surface Lands to see that Lessee has complied with all existing applicable federal, state and
local laws before Lessee requests releases from any federal, state or county bonding requirements in connection with the above. Lessee shall have no obligation to dispose of foreign or toxic substances of Lessor or others without the written
agreement of Lessee. Lessee shall have the right to make re-entry onto the Surface Lands with machinery and equipment from time to time after the formal termination of the term hereof for the purpose of compliance with any federal, state or local
government requirements. 

  
 7 

 ARTICLE 9 
 GENERAL  
 Section 9.1-Remedies, Etc.,
Cumulative. Each right, power and remedy of Lessor or Lessee provided for in this Lease shall be cumulative and concurrent and shall be in addition to every other right, power or remedy provided for in this Lease or now or hereafter existing at
law or in equity or by statute or otherwise, and the exercise or beginning of the exercise or the failure to exercise by Lessor or Lessee of any one or more of the rights, powers or remedies provided for in this Lease or now or hereafter existing at
law or in equity or by statute or otherwise shall not preclude the simultaneous or later exercise by Lessor or Lessee of any or all rights, powers or remedies. 
 Section 9.2-Notices. All notices and other communications with respect to this Lease shall be in writing and shall be deemed effectively given when delivered personally or seventy-two
(72) hours after mailing by certified mail, postage prepaid, to the following addresses of the parties: 

If to Lessor: 
 Ceralvo Holdings, LLC 
 7733 Forsyth Blvd., Suite 1625

 St. Louis, MO 63105 

Attn: J. Hord Armstrong, III 
 Facsimile: (314) 721-8211 
 If to Lessee: 

Armstrong Coal Company, Inc. 
 7733 Forsyth Blvd., Suite 1625 
 St. Louis, MO 63105

 Attn: J. Hord Armstrong, III 

Facsimile: (314) 721-8211 
 Each party may change its address by giving written notice of such change to the other party. 
 Section 9.3-Binding Effect of Lease, Subleasing. This Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided, however,
that no assignment of this Lease or sublease of the Premises 
 may be made by Lessee other than to an affiliate of Lessee, without the prior
written consent of Lessor, which consent shall not be unreasonably withheld, delayed or conditioned. 

  
 8 

 Section 9.4-Entire Agreement. This Lease constitutes the entire agreement
between the parties hereto with respect to the subject matter hereof, and no alteration, modification or interpretation hereof shall be binding upon the parties hereto unless in writing and signed by Lessor and Lessee. 

Section 9.5-Governing Law and Section Headings. This Lease shall be interpreted and construed in accordance with the
laws of the Commonwealth of Kentucky. The titles of the Articles and Sections in this Lease have been inserted as a matter of convenience of reference only and shall not control or affect the meaning or construction of any of the terms and
provisions hereof. 
 Section 9.6-Force Majeure. If because of Force Majeure either party hereto is unable to carry
out any of its obligations under this Lease (other than obligations of either party to pay money due), and if such party promptly gives to the other party hereto written notice of such Force Majeure, then the obligations of the party giving such
notice shall be suspended to the extent made necessary by such Force Majeure and during its continuance, provided the effect of such Force Majeure is eliminated in so far as possible with all reasonable dispatch. The term “Force Majeure”
as used herein shall mean any unforeseeable causes beyond the control and without fault or negligence of the party affected thereby, such as acts of God, acts of the public enemy, insurrections, riots, labor disputes, labor or material shortages,
fires, explosions, floods, breakdowns of or damage to plants, equipment or facilities, interruptions to transportation, river freeze-ups, embargoes, legislation causing loss of markets, orders or acts of civil or military authority, or other like or
unlike causes which wholly or partly prevent the mining, loading or delivering of the coal by Lessee. 

Section 9.7-Recording of Short Form. Lessor and Lessee agree to record a short form of this Lease in the Office of the Ohio
County Clerk. 
 Section 9.8-Oil and Gas. In connection with the mining of any coal on properties where Lessor owns
the coal rights and on which there exist any abandoned and/or active oil and gas wells, if Lessor and Lessee mutually agree that it is economically beneficial to mine through any such wells, then Lessor and Lessee agree that each will pay
(i) one half of the costs of plugging any abandoned oil or gas wells, and (ii) one half of the costs of plugging, re-drilling and restoring production (including piping relocation) in the case of any active oil and gas wells. 

IN WITNESS WHEREOF, the parties hereto have each caused this Lease to
be executed by one of its duly authorized officers as of the date first above written. 
  

			
	CERALVO HOLDINGS, LLC
		
	By:	 	/s/ Martin D. Wilson
		 	Martin D. Wilson, Manager
	
	ARMSTRONG COAL COMPANY, INC.
		
	By:	 	/s/ Martin D. Wilson
		 	Martin D. Wilson, President

  
 9 

 Elk Creek 
 Ohio County 
 SCHEDULE A  

Owned Property 
 All of
Lessor’s right, title and interest in and to the following surface and/or coal tracts situated in Ohio County, Kentucky: 
 (a) The
Ohio County Underground #9 Coal Area of the owned Kentucky #9 seam of coal only comprised of approximately 18,153.5 entire interest acres and 673.5 partial interest acres, for a total of approximately 18, 827 owned #9 coal acres, and all of the #9
coal mining rights and privileges appurtenant thereto, in, on, and underlying the owned entire interest and partial interest #9 coal only tracts, more particularly described on the attached Exhibit A-1 and depicted on the map attached hereto as
Exhibit A-2; and 
 (b) The Elk Creek Surface Area comprised of approximately 415 acres of owned surface, and the surface and coal
mining rights and privileges appurtenant thereto, more particularly described on the attached Exhibit B-1 and depicted on the map attached hereto as B-2; 
 all of the aforesaid Exhibits are incorporated herein by reference and made a part hereof, together with all appurtenants thereunto belonging or in anywise appertaining, and being subject to the known
exceptions and prior conveyances more particularly set forth herein. 
 BEING the same property acquired by Ceralvo Holdings, LLC from Cyprus
Creek Land Resources, LLC and Cyprus Creek Land Company by Deed dated March 31, 2008, of record in Deed Book 373, Page 262, in the office of the Clerk of Ohio County, Kentucky. 

 EXHIBIT A-1 
 No. 9 Vein of Coal and No. 9 Coal Mining Rights Only 
  

					
	 Item
	  	 Orig. L.C. No.
	  	 Acreage

	1.	  	028—296	  	220.09 acres

 AND BEING the same property conveyed to Peabody Coal Company by Big Rivers Electric Corporation by deed dated
May 13, 1988, recorded in Deed Book 265, page 418, in the Ohio County Clerk’s office. 
  

					
	2.	  	028—033, T.23	  	258 acres
		  		  	(except portion conveyed at Deed Book 237, page 80)

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by Deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	3.	  	028—122	  	168 acres
		  		  	(except portion conveyed at Deed Book 237, page 80)

 AND BEING a portion of the property conveyed to Sentry Royalty Company and Beaver Dam Coal Company by Raymond T. Nall,
widower, by deed dated February 14, 1961, recorded in Deed Book 178, page 18; and also being the same property in which Peabody Coal Company conveyed its undivided 1/2 interest to Beaver Dam Coal Company, expressly reserving all underlying
coal, by deed dated December 27, 1974, recorded in Deed Book 210, page 657, both, in the Ohio County Clerk’s office. 
  

					
	4.	  	028—252	  	0.55 acres

 AND BEING the same property conveyed to Peabody Coal Company by Edwin Brown, et ux, by deed dated June 8, 1977,
recorded in Deed Book 224, page 227, in the Ohio County Clerk’s office. 
  

					
	5.	  	028—251	  	1.25 acres

 AND BEING the same property conveyed to Peabody Coal Company by Earl Powers, et ux, by deed dated June 8, 1977,
recorded in Deed Book 224, page 229, in the Ohio County Clerk’s office. 

  
 8 

					
	6.	  	028—033, T.12, P.1	  	135.25 acres
		  		  	(except portion conveyed at Deed Book 237, page 80)
	7.	  	028—033, T.6, P.2	  	84.875 acres
	8.	  	028—033, T.2, P.2	  	72.5 acres
	9.	  	028—033, T.45	  	22 acres
	10.	  	028—033, T.1, P.2	  	58.5 acres
	11.	  	028—033, T.25	  	41.50 acres 50% Interest
	12.	  	028—033, T.15	  	42 acres
	13.	  	028—033, T.47	  	75 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by Deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	14.	  	028—C—107	  	67 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	15.	  	028—194	  	5 acres

 AND BEING the same property conveyed to Peabody Coal Company and Beaver Dam Coal Company by J. William Bassett, Trustee,
by deed dated March 2, 1971, recorded in Deed Book 192, page 387, in the Ohio County Clerk’s office. 
  

					
	16.	  	028—C—41	  	25 Less 5 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	17.	  	028—234	  	3 Less 0.25 acres

 AND BEING the same property conveyed to Peabody Coal Company by M. J. Boling, et ux., by deed dated December 2,
1974, recorded in Deed Book 210, page 311, in the Ohio County Clerk’s office. 
  

					
	18.	  	028—O—7	  	10 acres

 AND BEING the same property conveyed to The Ohio
County Land & Mining Company, a Kentucky corporation, by J. P. Tichenor, et ux., by deed dated February 24, 1910, recorded in Deed Book 38, page 416, in the Ohio County Clerk’s office. Beaver Dam Coal Company became the owner of
all of the stock, mineral tracts, and property of the Ohio County Land & Mining Company, which was composed of the same shareholders as the Beaver Dam Coal Company. 

  
 9 

					
	19.	  	028—C—75	  	100 acres Less 3 acres, and Less 10 acres

 AND BEING a
portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 

 

					
	20.	  	028—033, T.14, P.1	  	34.80 acres
		  	028—033, T.14, P.2	  	66.15 acres
	21.	  	028—033, T.1, P.1	  	95 acres
	22.	  	028—033, T.7, P.1	  	100 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 Interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	23.	  	028—C—68	  	26.5 acres
	24.	  	028—C—69	  	100 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	25.	  	028—033, T.2, P.3	  	82.5 acres
	26.	  	028—033, T.9	  	83.88 acres
	27.	  	028—033, T.5, P.1	  	125 acres
	28.	  	028—033, T.27	  	6.25 acres
	 29.
	  	028—033, T.5, P.1	  	25 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by eed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	30.	  	028—C—133	  	35 acres
	31.	  	028—C—134	  	15 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	32.	  	028—033, T.29, P.4	  	262 acres except cemetery
	33.	  	028—033, T.29, P.5	  	101.25 acres

  
 10 

					
		  		  	(except portion conveyed at Deed Book 237, page 80)
	34.	  	028—033, T.32, P.3	  	25 acres Undivided 1/2 Interest
		  		  	(except portion conveyed at Deed Book 237, page 80)
	35.	  	028—033, T.18, P.1	  	240 acres
		  		  	(except portion conveyed at Deed Book 237, page 80)
	36.	  	028—033, T.16	  	100 acres
		  		  	(except portion conveyed at Deed Book 237, page 80)
	37.	  	028—033, T.17	  	55 acres
		  		  	(except portion conveyed at Deed Book 237, page 80)
	38.	  	028—033, T.28, P.1	  	41 acres
		  		  	(except portion conveyed at Deed Book 237, page 80)

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	39.	  	028—C—35	  	679 acres

 AND BEING a portion of the property conveyed to
Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	40.	  	028—033, T.29, P.6	  	9.58 acres

 AND BEING a portion of the property conveyed to
Beaver Dam Coal Company and Rough River Coal Company by Deed from W. G. Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2
interest in Tracts No. 028—033 to The Alston Coal Company by deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry
Royalty Company by deed dated December 1, 1956, recorded in Deed Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	41.	  	028—C—144	  	123.75 acres
	42.	  	028—C—72	  	109 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	43.	  	028—033, T.61	  	53 acres

 AND BEING a portion of the property conveyed to
Beaver Dam Coal Company and Rough River Coal Company by deed from W. G. Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2
interest in Tracts No. 028—033 to The Alston Coal Company by deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal 

  
 11 

 Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by
deed dated December 1, 1956, recorded in Deed Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	44.	  	028—C—36	  	133 acres
	45.	  	028—C—74	  	16 acres
	46.	  	028—C—45	  	36 acres
	47.	  	028—C—65	  	80 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	48.	  	028—033, T.32, P.2	  	5 acres

 AND BEING a portion of the property conveyed to
Beaver Dam Coal Company and Rough River Coal Company by deed from W. G. Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2
interest in Tracts No. 028—033 to The Alston Coal Company by deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry
Royalty Company by deed dated December 1, 1956, recorded in Deed Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	49.	  	028—C—73	  	50 acres

 AND BEING a portion of the property conveyed to
Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	50.	  	028—033, T.32, P.1	  	60 acres
	51.	  	028—033, T.31, P.2	  	124.50 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	52.	  	028—C—127	  	30 acres
	53.	  	028—C—128	  	29 acres
	54.	  	028—C—126	  	60 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	55.	  	028—033, T.42	  	71.5 acres

  
 12 

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by deed
from W. G. Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal
Company by deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956,
recorded in Deed Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	56.	  	028—C—34	  	22.5 acres
	57.	  	028—C—113	  	230 acres Less 1 acre Cemetery
	58.	  	028—C—63	  	62.5 acres
	59.	  	028—C—64	  	25 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	60.	  	028—033, T.54	  	110.5 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	61.	  	028—C—60	  	80 Less 20 acres, and Less 15 acres
	62.	  	028—C—61	  	40.25 acres
	63.	  	028—C—70	  	36 acres
	64.	  	028—C—66	  	90.5 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	65.	  	028—033, T.13	  	102.45 acres
	66.	  	028—033, T.49, P.1	  	81 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	67.	  	028—C—67	  	31 acres

  
 13 

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed
dated March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	68.	  	028—033, T.43	  	25 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947. recorded in Deed Book 105, page 621; and The Alston. Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	69.	  	028—C—71	  	20 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
 Also being a portion of the property in
which Beaver Dam Coal Company conveyed all coal above the # 9 seam of coal to Blue Diamond Mining Company by deed dated November 15, 1921, recorded in Deed Book 62, page 381, in the Office of the Ohio County Clerk. 

 

					
	70.	  	028—E—81	  	13.5 Less 0.07 Acres

 AND BEING the same property conveyed to Beaver Dam Coal Company by Robert Snodgrass, et ux., by deed dated
December 18, 1974, recorded in Deed Book 210, page 654, in the Ohio County Clerk’s office. 
  

					
	71.	  	028—C—123	  	69.5 acres
	72.	  	028—C—122	  	50 acres
	73.	  	028—C—111	  	42 acres and 74 poles.

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. Also being a portion of the property in which Beaver Dam Coal Company conveyed all coal above the # 9 seam of coal to Blue Diamond Mining Company by
deed dated November 15, 1921, recorded in Deed Book 62, page 381, in the Ohio County Clerk’s Office. 
  

					
	74.	  	028—195	  	42 acres and 74 poles

 AND BEING the same property conveyed to Peabody Coal Company and Beaver Dam Coal Company by J. William Bassett, Trustee,
by deed dated March 12, 1971, recorded in Deed Book 192, page 385, in the Ohio County Clerk’s office. 
  

					
	75.	  	038—121	  	42 acres and 74 poles

 AND BEING the same property conveyed to Peabody Coal Company by Robert Snodgrass, et ux., by deed dated February 26,
1979, recorded in Deed Book 231, page 661, in the Ohio County Clerk’s office. 

  
 14 

					
	76.	  	028—C—112	  	42 acres and 74 poles
	77.	  	028—C—108	  	15 acres
	78.	  	028—C—110	  	43 acres and 77 poles, except 2.5 acres
	79.	  	028—C—109	  	42 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	80.	  	028—D—87	  	156.875 acres Except 1 acre cemetery
	81.	  	028—D—82	  	138.50 acres
	82.	  	028—D—84	  	55 acres
		  		  	38/40 Interest; and 2/40 Interest Adversely Possessed
	83.	  	028—D—19	  	33.33 acres
	84.	  	028—D—81	  	61.50 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	85.	  	028—250(2), P.2	  	LEASEHOLD RESERVED HEREIN
			
	86.	  	028—D—50	  	31 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

							
	87.	  	028—202	  	17 acres	  	Undivided 2/7 Interest
		  	028—220	  	17 acres	  	Undivided 5/7 Interest

 AND BEING the same property from which Katie Ball, widow, et al., conveyed an undivided 2/7 interest to Peabody Coal
Company by deed dated January 28, 1972, recorded in Deed Book 197, page 345; and from which Ernest Duncan, et ux., conveyed an undivided 5/7 interest to Peabody Coal Company by deed dated December 7, 1972, recorded in Deed Book 216, page
604; both in the Ohio County Clerk’s office. 
  

					
	88.	  	028—D—56	  	50 acres
	89.	  	028—D—80	  	38 acres
	90.	  	028—D—49	  	38 acres
	91.	  	028—D—48	  	77 acres and 23 poles

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	92.	  	028—C—1	  	92 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 

  
 15 

					
	93.	  	028—250(2), P.1, T.2 and T.3	  	LEASEHOLD RESERVED HEREIN
	94.	  	028—250(2), P.1, T.1	  	LEASEHOLD RESERVED HEREIN
	95.	  	028—250(2), P.1, T.4	  	LEASEHOLD RESERVED HEREIN
	96.	  	028—250(2), P .1, T.5 and T.6	  	LEASEHOLD RESERVED HEREIN

  

					
	97.	  	028—C—62	  	139 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company by Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	98.	  	028—185, P.5	  	279 acres

 AND BEING the same property conveyed to Peabody Coal Company by BB Mining Company by deed dated August 24, 1970,
recorded in Deed Book 191, page 280, in the Ohio County Clerk’s office. 
  

					
	99.	  	028—137, T.1	  	75 acres
		  	028—137, T.2	  	56 acres
		  	028—137, T.3, P.1	  	64.75 acres
		  	028—137, T.3, P.2	  	76 acres
		  	028—137, T.4, P.1	  	29.25 acres
		  	028—137, T.4, P.2	  	27.20 acres
		  	028—137, T.5	  	75 acres
		  	028—137, T.6	  	64 acres

 AND BEING the same property conveyed to Beaver Dam Coal Company and Sentry Royalty Company by Deed from Grace Addington,
et al., dated November 7, 1964, recorded in Deed Book 163, page 241, in the Ohio County Clerk’s office. 
  

					
	100.	  	028—C—129	  	20 acres and 62 poles
	101.	  	028—C—16	  	56 acres
	102.	  	028—C—43	  	25 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	103.	  	028—O—6	  	15 acres

 AND BEING the same property conveyed to The Ohio County Land & Mining Company, a Kentucky corporation, by Louis
Brown, et ux., by deed dated September 21, 1907, recorded in Deed Book 85, page 314, in the Ohio County Clerk’s office. Beaver Dam Coal Company became the owner of all of the stock, mineral tracts, and property of the Ohio County
Land & Mining Company, which was composed of the same shareholders as the Beaver Dam Coal Company. 
  

					
	104.	  	028—033, T.41	  	25 acres also known as 028—092, T.4
		  	028—092, T.4	  	25 acres also known as 028—033, T.41

  
 16 

 AND BEING a portion of Tracts No. 028—033 conveyed to Beaver Dam Coal Company and Rough River Coal
Company by Deed from W. G. Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to
The Alston Coal Company by deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated
December 1, 1956, recorded in Deed Book 154, page 573; of record in the Ohio County Clerk’s office. 
 FURTHER BEING a portion of
Tracts No. 028—092 conveyed to Beaver Dam Coal Company and Sentry Royalty Company from Gertrude Igleheart, widow, et al., by deed dated December 24, 1957, recorded in Deed Book 135, page 400; and by deed of correction dated
January 3, 1959, recorded in Deed Book 139, page 338, in the Ohio County Clerk’s office. 
  

					
	105.	  	028—C—38	  	23 acres
	106.	  	028—C—22	  	28.375 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	107.	  	028—033, T.31, P.1	  	39.5 acres
	108.	  	028—033, T.30	  	2.2 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Rough River Coal Company by Deed from W. G.
Parrott, et ux., dated December 17, 1946, recorded in Deed Book 103, page 394, in the Ohio County Clerk’s office. Rough River Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to The Alston Coal Company by
deed dated November 21, 1947, recorded in Deed Book 105, page 621; and The Alston Coal Company conveyed its undivided 1/2 interest in Tracts No. 028—033 to Sentry Royalty Company by deed dated December 1, 1956, recorded in Deed
Book 154, page 573; of record in the Ohio County Clerk’s office. 
  

					
	109.	  	028—C—40	  	18 acres
	110.	  	028—C—37	  	63 Less 6 acres
	111.	  	028—C—29	  	100.25 acres
	112.	  	028—C—31	  	27 acres
	113.	  	028—C—30	  	130 acres
	114.	  	028—C—28	  	60 acres
	115.	  	028—C—33	  	2.5 acres
	116.	  	028—C—32	  	40 acres
	117.	  	028—C—21	  	68.75 acres
	118.	  	028—C—20	  	133 Less 68.75 acres
	119.	  	028—C—18	  	50 acres Except 0.75 acre school lot
	120.	  	028—C—19	  	26.80 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	121.	  	028—111, P.1, T.1	  	1 acre

  
 17 

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Ray Ward, et
ux., by deed dated July 25, 1960, recorded in Deed Book 145, page 479, in the Ohio County Clerk’s office. 
  

					
	122.	  	028—092, T.1	  	15.75 acres
		  	028—092, T.2	  	53 acres
		  	028—092, T.3	  	68 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Sentry Royalty Company from Gertrude
Igleheart, widow, et al., by deed dated December 24, 1957, recorded in Deed Book 135, page 400; and by deed of correction dated January 3, 1959, recorded in Deed Book 139, page 338, in the Ohio County Clerk’s office. 

 

					
	123.	  	028—C—39	  	65 acres
	124.	  	028—C—17	  	80 acres
	125.	  	028—C—50	  	80 acres
	126.	  	028—C—10	  	64.75 acres
	127.	  	028—C—27	  	59 acres
	128.	  	028—C—26	  	40 acres
	129.	  	028—C—114	  	51 acres
	130.	  	028—C—115	  	182 Less 51 acres
	131.	  	028—C—11	  	156 Less 7 acres
	132.	  	028—C—23	  	7 acres
	133.	  	028—C—24	  	1 acre
	134.	  	028—C—125	  	156.25 acres
	135.	  	028—C—44	  	10 acres
	136.	  	028—C—42	  	70 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	137.	  	028—095	  	26.875 acres

 AND BEING the same property conveyed to Beaver Dam Coal Company and Sentry Royalty Company from John W. Fulkerson,
single, by deed dated December 30, 1957, recorded in Deed Book 135, page 445, in the Ohio County Clerk’s office. 
  

					
	138.	  	028—091	  	67.1 acres

 AND BEING the same property conveyed to Beaver Dam Coal Company and Sentry Royalty Company from Elmer L. Fulkerson, et
ux., by deed dated December 23, 1957, recorded in Deed Book 135, page 391, in the Ohio County Clerk’s office. 
  

					
	139.	  	028—094	  	67.1 acres

 AND BEING the same property conveyed to Beaver Dam Coal Company and Sentry Royalty Company from O. D. Fulkerson, et ux.,
by deed dated December 24, 1957, recorded in Deed Book 135, page 406, in the Ohio County Clerk’s office. 
  

					
	140.	  	028—093, T.1	  	129.25 acres

  
 18 

 AND BEING the same property conveyed to Beaver Dam Coal Company and Sentry Royalty Company in the following
deeds of record in the Ohio County Clerk’s office: 
  

	(a)	Gertrude Igleheart, widow, by deed dated December 24, 1957, recorded in Deed Book 135, page 397; 

 

	(b)	Leslie K. Grimes, et ux., by deed dated January 2, 1958, recorded in Deed Book 135, page 504; 

 

	(c)	Charles M. Grimes, et ux., by deed dated January 13, 1958, recorded in Deed Book 135, page 523; ‘ 

 

	(d)	Mayme Jane Grimes Holland, et vir., by deed dated January 15, 1958, recorded in Deed Book 135, page 572; 

 

	(e)	David E. Grimes, et ux., by deed dated January 21, 1958, recorded in Deed Book 135, page 587. 

 

					
	141.	  	028—185, P.4	  	151.875 acres

 AND BEING the same property conveyed to Peabody Coal Company from BB Mining Company by deed dated August 24, 1970,
recorded in Deed Book 191, page 280, in the Ohio County Clerk’s office. 
  

					
	142.	  	028—126, tT.1	  	35 acres
		  	028—126, T.2	  	3 acres
		  	028—126, T.3	  	148 acres
		  	028—126, T.4	  	71.5 acres

 AND BEING the same tracts conveyed to Beaver Dam Coal Company and Sentry Royalty Company from Ross Morton, et ux., by
deed dated January 20, 1962, recorded in Deed Book 151, page 180, in the Ohio County Clerk’s office. 
  

					
	143.	  	028—D—38	  	73 acres
	144.	  	028—D—63	  	54 Less 2 acres and 100% Interest
		  		  	2-acre portion of 54 acres 80% Interest
	145.	  	028—D—22	  	53.33 acres
	146.	  	028—D—39	  	52.50 acres
		  	028—D—40	  	52 acres
	147.	  	028—D—40A	  	3.50 acres
	148.	  	028—D—53	  	40 acres
	149.	  	028—D—47	  	83 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	150.	  	028—C—151	  	106 acres and 69.25 poles

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	151.	  	1928—300	  	1.5 acres and 10.75 poles 50% Interest
		  	1928—300—01	  	1.5 acres and 10.75 poles 40% Interest

  
 19 

 AND BEING the same property from which an undivided 1/2 interest was conveyed from Morgan Duncan, et ux., to
Peabody Development Company, LLC, by deed dated February 1, 2005, recorded in Deed Book 353, page 38; and from which an undivided 2/5 interest was conveyed from Joseph S. Allen, et ux., to Peabody Development Company, LLC, by deed dated
February 10, 2005, recorded in Deed Book 353, page 42; both In the Ohio County Clerk’s office. 
  

							
	152.	  	1928—302	  	7 acres	  	60% Interest

 AND BEING the same property conveyed to Peabody Development Company, LLC, in the Ohio County Clerk’s office, as
follows: 
  

	(a)	Fanny M. Curtis by deed dated March 17, 2005, recorded in Deed Book 354, page 341; 

 

	(b)	Lillian Finley Bassett by deed dated April 25, 2005, recorded in Deed Book 354, page 350; 

 

	(c)	Hubert Ashby by deed dated April 18, 2005, recorded in Deed Book 354, page 358. 

 

					
	153.	  	028—D—78	  	141.50 acres Except 15 acres
	154.	  	028—D—1	  	52.75 acres
	155.	  	028—D—23	  	243.33 acres
	156.	  	028—D—77	  	40 acres
	157.	  	028—D—76	  	160 acres Except 6 acres and 20 poles

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	158.	  	028—C—77	  	50 acres
	159.	  	028—C—76	  	78 acres
	160.	  	028—C—52	  	50 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	161.	  	028—D—42	  	60 Less 5 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	162.	  	028—C—53	  	5 acres
	163.	  	028—C—54	  	137 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	164.	  	028—D—46	  	25 acres

  
 20 

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed
dated March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	165.	  	028—C—154	  	71 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	166.	  	028—D—37	  	23 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	167.	  	028—C—55	  	60 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	168.	  	028—D—79	  	102.50 acres and 22 poles

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	169.	  	028—083, T.5	  	80 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Sentry Royalty Company from Ross Morton, et
ux., et al., by deed dated February 18, 1957, recorded in Deed Book 131, page 492, in the Ohio County Clerk’s office. 
  

					
	170.	  	028—C—105	  	40 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	171.	  	028—D—65	  	57 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

					
	172.	  	028—146	  	30 acres

 AND BEING the same tract conveyed to Beaver Dam Coal Company and Sentry Royalty Company from Elzoria Stearman Bishop, et
al., by Master Commissioner Deed dated April 14, 1966, recorded in Commissioner’s Deed Book M, page 201, in the Ohio County Clerk’s office. 

  
 21 

					
	173.	  	028—081, T.1	  	130 acres
		  	028—081, T.2	  	100 acres

 AND BEING the same tracts conveyed to Beaver Dam Coal Company and Sentry Royalty Company from R. H. Morris, et ux., by
deed dated February 13, 1957, recorded in Deed Book 131, page 351; in the Ohio County Clerk’s office. 
  

					
	174.	  	028—C—5	  	38 acres
	175.	  	028—C—8	  	105 acres except 1 acre school lot

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	176.	  	028—096	  	35 acres

 AND BEING the same property conveyed to Beaver Dam Coal Company and Sentry Royalty Company from Ethel Morton, et al., by
Master Commissioner Deed dated April 19, 1958, recorded in Commissioner’s Deed Book L, page 391, in the Ohio County Clerk’s office. 
  

					
	177.	  	028—C—6	  	40 acres
	178.	  	028—C—7	  	10 acres
	179.	  	028—C—155	  	90 acres
	180.	  	028—C—58	  	55 acres
	181.	  	028—C—118	  	80 acres
	182.	  	028—C—13	  	86 acres
	183.	  	028—C—15	  	85.75 acres
	184	  	028—C—14	  	2 acres
	185.	  	028—C—12	  	100 Less 2 acres except cemetery
	186.	  	028—C—131	  	100 acres
	187.	  	028—C—132	  	69.5 Less 31.25 acres
	188.	  	028—C—130	  	31.25 acres
	189.	  	028—C—47	  	50.5 acres except 0.5 acre cemetery
	190.	  	028—C—48	  	55 acres
	191.	  	028—C—157	  	87.35 less 5 acres
	192.	  	028—C—9	  	166 acres
	193.	  	028—C—149	  	47.25 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	194.	  	1123—005, T.1, P.1	  	100 acres except portion of 47.5 acres
		  	1123—005, T.1, P.2	  	9 acres, 2 roods & 38 poles except portion of 47.5 acres
		  	1123—005, T.1, P.3	  	9 acres, 1 rood & 23 poles except portion of 47.5 acres
		  	1123—005, T.1, P.4	  	30 acres, 3 roods & 19 poles except portion of 47.5 acres
		  	1123—005, T.2	  	19 acres

  
 22 

 AND BEING the same property conveyed to Peabody Development Company, LLC, from Wallace L. Loyd, et ux., et
al. (heirs of O. J. Loyd) by deed dated October 14, 2004, recorded in Deed Book 351, page 240, in the Ohio County Clerk’s office. 
  

							
	195.	  	028—C—159	  	45.40 acres	  	
	196.	  	028—C—158	  	65 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

							
	197.	  	028—125, T.1	  	10.66 acres	  	100% Interest
		  	028—125, T.2	  	31.80 acres	  	Approx. 93.3% Interest
		  	028—125, T.3	  	44.20 acres	  	Approx. 93.3% Interest

 AND BEING the same property conveyed to Beaver Dam Coal Company and Sentry Royalty Company by the following deeds of
record in the Ohio County Clerk’s office: 
  

	(a)	Altha Addington Morton, widow, et al., by deed dated January 20, 1962, recorded in Deed Book 151, page 184; 

 

	(b)	Orhal Smith, single, by deed dated March 9, 1965, recorded in Deed Book 164, page 415; 

 

	(c)	Alice Addington, widow, et al., by deed dated March 24, 1965, recorded in Deed Book 164, page 591; 

 

	(d)	Esther Addington, widow, et al., by deed dated March 13, 1965, recorded in Deed Book 165, page 641; and 

 

	(e)	Esther Addington, widow, et al., by deed dated April 7, 1966, recorded in Deed Book 168, page 609. 

 

							
	198.	  	028—C—56	  	91 less 2 acres	  	
	199.	  	028—C—49	  	140 less 30 acres	  	
	200.	  	028—C—51	  	68 acres	  	
	201.	  	028—C—25	  	30 acres	  	
	202.	  	028—C—135	  	70 acres	  	
	203.	  	028—C—46	  	62.5 less 12 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

							
	204.	  	028—083, T.1	  	62.5 acres	  	80% Interest
		  	028—083, T.2	  	75 acres	  	100% Interest
		  	028—083, T.3	  	102 acres	  	100% Interest
		  	028—083, T.4	  	12 acres	  	100% Interest

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company and Sentry Royalty Company from Ross Morton, et
ux., et al., by deed dated February 18, 1957, recorded in Deed Book 131, page 492, in the Ohio County Clerk’s office. 
  

							
	205.	  	028—C—136	  	15.25 less 2.50 acres	  	
	206.	  	028—C—137	  	1.75 acres	  	
	207.	  	028—C—138	  	16.50 acres	  	
	208.	  	028—C—119	  	4.40 acres	  	
	209.	  	028—C—140	  	17 acres	  	
	210.	  	028—C—139	  	0.75 acres	  	

  
 23 

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by
deed dated March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

							
	211.	  	028—138	  	135.5 acres	  	Approx. 58.432% Interest

 AND BEING the same property conveyed to Beaver Dam Coal Company and Sentry Royalty Company by the following deeds of
record in the Ohio County Clerk’s office: 
  

	(a)	Ida Hicks, et vir., by deed dated December 14, 1964, recorded in Deed Book 163, page 535; 

 

	(b)	O. D. Fulkerson by deed dated December 18, 1964, recorded in Deed Book 163, page 577; 

 

	(c)	Athel Danks, et vir., et al., by deed dated December 15, 1964, recorded in Deed Book 163, page 582; 

 

	(d)	C. O. Hunter, et ux., by deed dated December 24, 1964, recorded in Deed Book 163, page 585; 

 

	(e)	Willie E. Henry, et vir., by deed dated August 17, 1967, recorded in Deed Book 175, page 560; 

 

	(f)	Austin C. Hunter, et ux., by deed dated September 19, 1967, recorded in Deed Book 176, page 235; 

 

	(g)	Roy Hunter Trunnell, et ux., by deed dated March 25, 1968, recorded in Deed Book 178, page 527; 

 

	(h)	Martha Barnard Hess, et vir., by deed dated April 10, 1968, recorded in Deed Book 179, page 37; and 

 

	(i)	Ernest B. Trunnell, et ux., by deed dated February 3, 1976, recorded in Deed Book 217, page 313. 

 

							
	212.	  	028—C—120	  	57.50 acres	  	100% Interest
	213.	  	028—C—121	  	40 acres	  	100% Interest
	214.	  	028—C—59	  	88 acres	  	50% Interest

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

							
	215.	  	028—147, T.1	  	40 acres	  	

 AND BEING the same property conveyed to Peabody Coal Company and Beaver Dam Coal Company from Pauline Johnson, et ux., by
deed dated April 28, 1966, recorded in Deed Book 169, page 130; from Fannie White, et ux., by deed dated September 20, 1968, recorded in Deed Book 181, page 63; and from Ellen Bellew by deed dated October 1, 1968, recorded in Deed
Book 181, page 155; all in the Ohio County Clerk’s office. 
  

							
	216.	  	028—C—57	  	115 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 

  
 24 

					
	217.	  	028—100, T.2	  	59 acres

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Icelean Bennett Young by
deed dated May 12, 1959, recorded in Deed Book 141, page 115, in the Ohio County Clerk’s office. 
  

					
	218.	  	028—070	  	86.5 acres

 AND BEING the same property conveyed to Homestead Coal Company and Beaver Dam Coal Company from Herbert Martin, et ux.,
by deed dated September 22, 1955, recorded in Deed Book 126, page 245, in the Ohio County Clerk’s office. 
  

					
	219.	  	028—053	  	175 Less 7 acres

 AND BEING the same property conveyed to Homestead Coal Company and Beaver Dam Coal Company from O. E. Allen, et ux., by
deed dated March 30, 1955, recorded in Deed Book 124, page 73; and from Margaret Gill, et vir., et al., by deed dated May 23, 1955, recorded in Deed Book 124, page 443; both in the Ohio County Clerk’s office. 

 

					
	220.	  	028—069	  	145 acres

 AND BEING the same property conveyed to Homestead Coal Company and Beaver Dam Coal Company from Mary Lee Drake, et vir.,
by deed dated September 22, 1955, recorded in Deed Book 126, page 213, in the Ohio County Clerk’s office. 
  

					
	221.	  	028—100, T.1	  	30.75 acres

 AND BEING the same property conveyed from Icelean Bennett Young to Sentry Royalty Company and Beaver Dam Coal Company by
deed dated May 12, 1959, recorded in Deed Book 141, page 115, in the Ohio County Clerk’s office. 
  

					
	222.	  	028—102, T.1	  	12 acres
		  	028—102, T.2	  	37.5 acres

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company in the following deeds, all in
the Ohio County Clerk’s office: 
  

	a)	Ed Bennett, et ux., dated September 15, 1959, recorded in Deed Book 142, page 512; 

 

	b)	Stella Russell dated September 19, 1959, recorded in Deed Book 142, page 516; 

 

	c)	Minnie Perry, et al., dated September 25, 1959, recorded in Deed Book 142, page 514; 

 

	d)	Augusta Miller, et al., dated October 14, 1959, recorded in Deed Book 142, page 635; 

 

	e)	Seward Bennett, et al., dated September 21, 1959, recorded in Deed Book 143, page 26; 

 

	f)	Pauline Hampton, et al., dated October 14, 1959, recorded in Deed Book 143, page 28; 

 

	g)	Ariee Bennett Taylor, et al., dated October 22, 1959, recorded in Deed Book 143, page 80; 

 

	h)	Wilbert Bennett dated November 16, 1959, recorded in Deed Book 143, page 207; 

 

	i)	Louise Anderson dated November 16, 1959, recorded in Deed Book 143, page 205. 

 

					
	223.	  	028—101	  	76.1 acres

  
 25 

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Ed Bennett,
et ux., by deed dated July 15, 1959, recorded in Deed Book 142, page 83, in the Ohio County Clerk’s office. 
  

					
	224.	  	1123—004, T.1	  	58.5 acres
		  	123—004, T.2	  	88.6 acres

 AND BEING the same property conveyed to Peabody Development Company from Virginia Sue Campbell, et al. (heirs of Charles
E. Wolcott), by deed dated January 30, 1998, recorded’ in Deed Book 311, page 79, in the Ohio County Clerk’s office. 
  

					
	225.	  	028—099, T.1	  	150 acres

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Render Bradshaw, et al.,
by deed dated April 6, 1959, recorded in Deed Book 140, page 279, in the Ohio County Clerk’s office. 
  

					
	226.	  	028—080	  	186 acres

 AND BEING the same property conveyed to Homestead Coal Company and Beaver Dam Coal Company from Roxie P. Gish, et al., by
deed dated September 8, 1956, recorded in Deed Book 130, page 189, in the Ohio County Clerk’s office. 
  

					
	227.	  	028—C—148	  	131.5 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	228.	  	028—056, T.1	  	115 less 2 acres
		  	028—056, T.2	  	Approx. 103 acres

 AND BEING the same property conveyed to Homestead Coal Company and Beaver Dam Coal Company from Lucy Taylor, et vir., by
deed dated April 7, 1955, recorded in Deed Book 124, page 179, in the Ohio County Clerk’s office. 
  

					
	229.	  	028—C—141	  	392.3 acres
	230.	  	028—C—147	  	51 less 2 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	231.	  	028—099, T.2	  	2 acres

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Render Bradshaw, et al.,
by deed dated April 6, 1959, recorded in Deed Book 140, page 279, in the Ohio County Clerk’s office. 
  

					
	232.	  	028—169, T.7	  	“100 to 120 acres” (per deed)
		  	028—169, T.8	  	115 1/4 acres Less 40 1/4 acres

  
 26 

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Farm
Enterprises, Inc., by deed dated November 22, 1967, recorded in Deed Book 177, page 105, in the Ohio County Clerk’s office. 
  

					
	233.	  	028—C—146	  	70 acres
	234.	  	028—C—143	  	40 acres and 1 acre
	235.	  	028—C—145	  	95 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	236.	  	1123—002—0A	  	Undivided 1/2 Interest 152.1 acres

 AND BEING the same property from which an undivided 1/2 interest was conveyed to Peabody Development Company by Master
Commissioner’s Deed dated February 10, 1999, recorded in Deed Book 316, page 697, of the Ohio County Clerk’s office. 
  

					
	237.	  	028—C—142	  	135 acres

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from Hattie B. Speed, et al., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

					
	238.	  	028—068, T.1	  	93.5 acres
		  	028—068, T.2	  	76.8 acres
		  	028—068, T.3	  	0.5 acres
		  	028—068, T.4	  	20 acres
		  	028—068, T.5	  	17.48 acres
		  	028—068, T.6	  	21.25 acres
		  	028—068, T.7	  	94.5 acres

 AND BEING the same property conveyed to Homestead Coal Company and Beaver Dam Coal Company by deed from Wallace Roe, et
ux., et al., dated September 15, 1955, recorded in Deed Book 126, page 152; and by deed from Gussie C. Roe, et vir., dated September 22, 1955, recorded in Deed Book 126, page 215; both in the Ohio County Clerk’s office. 

 

					
	239.	  	028—086	  	50 acres

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Walter Withrow, et ux.,
by deed dated July 9, 1957, recorded in Deed Book 133, page 315, in the Ohio County Clerk’s office. 
  

					
	240.	  	028—090	  	178 acres

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Bertie Eudaley, et al.,
by the following deeds of record in the Ohio County Clerk’s office: 
  

	a)	Opia Coin, et vir., dated December 14, 1957, recorded in Deed Book 135, page 351; 

 

	b)	George Erwin dated December 16, 1957, recorded in Deed Book 135, page 353; 

 

	c)	Sudie Boone dated December 13, 1957, recorded in Deed Book 135, page 355; 

  
 27 

	d)	William Eudaley dated November 7, 1957, recorded in Deed Book 135, page 357; 

 

	e)	Bertie Eudaley, et al., dated December 13, 1957, recorded in Deed Book 135, page 359; 

 

	f)	Ruth Brennick, et ux., dated December 30, 1957, recorded in Deed Book 135, page 443; 

 

	g)	Mary Elizabeth Craft dated January 8, 1958, recorded in Deed Book 135, page 487; 

 

	h)	Luvina Reid dated January 18, 1958, recorded in Deed Book 135, page 555; and 

 

	i)	Rodney Chinn, Guardian for E. Robert and Erma Lee, dated December 28, 1957, recorded in Deed Book 136, page 350. 

 

							
	241.	  	028—082	  	189 acres	  	

 AND BEING the same property conveyed to Sentry Royalty Company and Beaver Dam Coal Company by the following deeds of
record in the Ohio County Clerk’s office: 
  

	a)	Eva Morton Vance, et vir., dated February 15, 1957, recorded in Deed Book 131, page 363; 

 

	b)	Jean Morton Sherrill, et vir., dated February 22, 1957, recorded in Deed Book 131, page 425; 

 

	c)	Ethyl Morton dated February 22, 1957, recorded in Deed Book 131, page 436. 

 

							
	242.	  	028—215	  	LEASEHOLD RESERVED HEREIN	  	
				
	243.	  	028—D—64	  	56 acres and 40 poles	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

							
	244.	  	028—210	  	45 Less 3 acres	  	

 AND BEING the same property conveyed to Peabody Coal Company and Beaver Dam Coal Company from Martha M. Marsh, et vir.,
by deed dated April 10, 1972, recorded in Deed Book 198, page 241, in the Ohio County Clerk’s office. 
  

							
	245.	  	028—C—150	  	50 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

							
	246.	  	028—D—70	  	40 acres	  	
	247.	  	028—D—69	  	47.60 acres	  	
	248.	  	028—D—71	  	60 acres 3 rods and 4 poles except 6 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

							
	249.	  	028—D—74	  	45 acres	  	25% Interest
		  	028-211	  	45 acres	  	75% Interest

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101; and the same 45-acre tract conveyed to Beaver Dam Coal Company and Peabody Coal Company from 

  
 28 

 Ben Kimmel, et ux., by deed dated May 2, 1972, recorded in Deed Book 198, page 383; both in the Ohio
County Clerk’s office. 
  

							
	250.	  	028-204	  	63.50 less 19.75 acres	  	66% Interest

 AND BEING the same property conveyed to Beaver Dam Coal Company and Peabody Coal Company from heirs of Druzilla Barnard
in the following deeds of record in the Ohio County Clerk’s office: 
  

	a)	Margret Everly, et al., by deed dated August 11, 1971, recorded in Deed Book 195, page 18; 

 

	b)	Margaret D. Barnard, et al., by deed dated April 1, 1972, recorded in Deed Book 198, page 130; 

 

	c)	Jessie B. Woodward, et vir., by deed dated August 20, 1971, recorded in Deed Book 195, page 145. 

 

							
	251.	  	028—D—75	  	19.75 acres	  	25% Interest
	252.	  	028—D—74	  	202 acres and 10 acres	  	
		  		  	except 60 acres	  	25% Interest
	253.	  	028—D—41	  	66 less 30 acres	  	
	254.	  	028—D—68	  	30 acres	  	
	255.	  	028—D—67	  	64 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

							
	256.	  	028—C—153	  	18.375 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

							
	257.	  	028—D—51	  	133.60 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 101, in the Ohio County Clerk’s office. 
  

							
	258.	  	028—C—152	  	40 acres	  	

 AND BEING a portion of the property conveyed to Beaver Dam Coal Company from I. P. Barnard, et ux., by deed dated
March 15, 1916, recorded in Deed Book 51, page 135, in the Ohio County Clerk’s office. 
  

							
	259.	  	028—185, P.3, T.1	  	120 acres	  	
		  	028—185, P.3, T.2	  	74 acres	  	

 AND BEING a portion of the property conveyed to Peabody Coal Company from BB Mining Company by deed dated August 24,
1970, recorded in Deed Book 191, page 280, in the Ohio County Clerk’s office. 
  

							
	260.	  	Part of 2699-000006-00 — formerly: K-128-018, G. 6, T. 2	  	50 acres
		  	                           
                  formerly: K-128-018, G. 6, T. 3	  	0.50 acres

  
 29 

 AND BEING a portion of the property conveyed to Cyprus Creek Land Resources, LLC, from CNX Gas Company, LLC,
by deed dated October 9, 2007, of record in Deed Book 370, page 657, in the Ohio County Clerk’s office. 
  

					
	261.	  	Part of 2699-000006-00 — formerly: K-128-018, G. 4	  	                55 acres

 AND BEING a portion of the property conveyed to Cyprus Creek Land Resources, LLC, from CNX Gas Company, LLC, by deed
dated October 9, 2007, of record in Deed Book 370, page 657, in the Ohio County Clerk’s office. 
 Common Sources of
Title 
 1. By Quitclaim Deed dated September 30, 1957, recorded in Deed Book 134, page 219, Homestead Coal Company, a Kentucky
corporation, conveyed all of the land it owned in Ohio County to Sentry Royalty Company, a Nevada corporation. (Also see the Quitclaim Deed dated December 1, 1967, recorded in Deed Book 177, page 236; both in the Ohio County Clerk’s
office.) 
 2. By Merger approved by the Illinois Secretary of State on February 5, 1968, recorded July 28, 1972, in Miscellaneous
Book 6, page 375, in the Ohio County Clerk’s office, Sentry Royalty Company merged with Peabody Coal Company. The merger occurred pursuant to Illinois law, and the instrument recites that Peabody Coal Company, an Illinois corporation, owned all
of the stock of the non-surviving corporation. 
 3. By Deed dated March 29, 1968, recorded in Deed Book 178, page 395, in the Ohio County
Clerk’s office, Peabody Coal Company, an Illinois corporation, conveyed all of the property it owned in Ohio County, Kentucky, to Peabody Coal Company, a Delaware corporation. 
 4. By Deed dated September 12, 1989, recorded in Deed Book 271, page 109, in the Ohio County Clerk’s office, Peabody Coal Company, a Delaware corporation, conveyed all of the property it owned
in Ohio County, Kentucky, to Peabody Development Company, a Delaware corporation. 
 5. Pursuant to Section 266 of the Delaware General
Corporation Law, Peabody Development Company, a Delaware corporation, converted and changed its name to Peabody Development Company, LLC, a Delaware limited liability company, effective December 16, 2003, recorded April 27, 2004, in
Miscellaneous Book 52, pages 627—630, in the Ohio County Clerk’s office. 
 6. Pursuant to Section 266 of the Delaware General
Corporation Law, Peabody Coal Company, a Delaware corporation, converted and changed its name to Peabody Coal Company, LLC, a Delaware limited liability company, effective July 11, 2005, of record August 25, 2005, in Miscellaneous Book 55,
pages 147 -152, in the Ohio County Clerk’s office. 
 7. By instrument effective September 12, 1989, dated December 20, 2005, and
recorded in Deed Book 358, page 226, in the Ohio County Clerk’s office, Peabody Coal Company, LLC, and Peabody Development Company, LLC, confirmed the reserves transfer of September 12, 1989, at Deed Book 271, page 109. 

  
 30 

 8. By Corporate Special Warranty Deed dated and recorded on December 20, 2005, in Deed Book 358, page
301, in the Ohio County Clerk’s office, Peabody Coal Company, LLC, conveyed all of the property it owned in Ohio County, Kentucky, to Peabody Development Company, LLC. 
 9. By Corporate Special Warranty Deed dated and recorded December 20, 2005, in Deed Book 358, page 308, in the Ohio County Clerk’s office, Peabody Development Company, LLC, conveyed all of the
property it owned in Ohio County, Kentucky, to Central States Coal Reserves of Kentucky, LLC, a Delaware limited liability company. 
 10. By
Deed of Confirmation effective December 20, 2005, dated December 27, 2005, and recorded January 17, 2006, in Deed Book 358, page 583, in the Ohio County Clerk’s office, Peabody Development Company, LLC, confirmed the conveyance
of the surface only of certain property previously conveyed at Deed Book 358, page 308, to Central States Coal Reserves of Kentucky, LLC. 
 11.
By Instrument effective December 20, 2005, dated August 23, 2006, recorded August 24, 2006, in Deed Book 362, page 558, in the Ohio County Clerk’s office, Peabody Coal Company, LLC, confirmed that it had conveyed certain tracts
to Peabody Development Company, LLC. 
 12. By instrument effective December 20, 2005, dated August 23, 2006, recorded August 24,
2006, in Deed Book 362, page 563, in the Ohio County Clerk’s office, Peabody Development Company, LLC, confirmed that it had conveyed certain tracts to Central States Coal Reserves of Kentucky, LLC. 

13. Pursuant to Section 266 of the Delaware General Corporation Law, Beaver Dam Coal Company, a Delaware corporation, converted and changed its name
to Beaver Dam Coal Company, LLC, a Delaware limited liability company, effective May 16, 2007, recorded May 21, 2007, in Miscellaneous Book 58, pages 499—503, in the Ohio County Clerk’s office. 

14. All of the foregoing is a portion of the same property conveyed by Beaver Dam Coal Company, LLC, and Central States Coal Reserves of Kentucky, LLC,
to Cyprus Creek Land Resources, LLC, by deed dated September 13, 2007, of record in Deed Book 370, page 144, in the office of the Ohio County Clerk. 
 15. All of the foregoing is a portion of the same property conveyed by Beaver Dam Coal Company, LLC and Central States Coal Reserves of Kentucky, LLC to Cyprus Creek Land Resources, LLC by Correction
Special Warranty Deed effective September 13, 2007, recorded March 18, 2008, in Deed Book 373, page 43, in the Office of the Ohio County Clerk. 
 Schedule of Known  
 Exceptions and Prior Conveyances 

 1. Subject to the conveyance to A. J. Early of “all the gases, and all rights thereto” underlying all property owned by Beaver
Dam Coal Company within a boundary containing 33,925.37 acres, by deed dated March 22, 1928, recorded in Deed Book 74, page 103, in the Office of the Ohio County Clerk. 

  
 31 

 2. Subject to the Notice of Royalty Interest in favor of William G. Parrott, et al., dated December 19,
1983, recorded in Miscellaneous Book 16, pages 452—459, in the Ohio County Clerk’s office, concerning the First, Third, and Fourth Boundaries described therein. 
 3. Subject to the overriding royalty Agreement dated June 1, 1967, recorded in Deed Book 179, page 259, in the Ohio County Clerk’s office, between Sentry Royalty Company and W. B. Dozier, Hellen
Dozier and Lula Hickman, concerning the Third Boundary described therein; additionally, all Tracts designated “028—033” herein. 

4. Subject to the Easement Agreement among Peabody Development Company, Beaver Dam Coal Company, and Big Rivers Electric Corporation dated April 12,
1996, recorded in Deed Book 302, page 142, in the Office of the Ohio County Clerk. 
 5. Subject to the Easement Agreement between Peabody Coal
Company and Big Rivers Electric Corporation dated March 13, 1996, recorded in Deed Book 302, page 150, in the Office of the Ohio County Clerk. 
 6. Subject to the Transmission Line Easements from Peabody Coal Company, Peabody Development Company, and Beaver Dam Coal Company to Kentucky Utilities Company, dated September 18, 1996, recorded in
Deed Book 304, pages 39—89, in the Office of the Ohio County Clerk. 
 7. Subject to the Utility Easement from Central States Coal Reserves
of Kentucky, LLC, to Cyprus Creek Land Company by instrument dated November 5, 2006, recorded in Deed Book 364, page 352, in the Office of the Ohio County Clerk. 
 8. Item 3: Subject to the Easement from Beaver Dam Coal Company to Big Rivers Electric Corporation dated August 17, 1982, recorded in Deed Book 245, page 600, in the Ohio County
Clerk’s office. 
 9. Item 74: Subject to the Unrecorded 1957 Trust Agreement in which certain beneficiaries designated J.
William Bassett as trustee on their behalf, to purchase the real estate of Chandler Brothers, Inc. The Agreement empowered Bassett to sell, convey, lease, or dispose of the trust estate on behalf of the beneficiaries without their personal execution
of instruments; and further empowered Bassett to pay all necessary and actual expenses incident to the acquisition, ownership, and disposal of the subject real estate on behalf of the beneficiaries. 

10. Item 78: Subject to the exception of a church and cemetery described in the Commissioner’s deed to John S. Dexter dated
March 24, 1894, recorded in Commissioner’s Deed Book E, page 434, in the Office of the Ohio County Clerk. 
 11. Item 140:
Subject to the highway right-of-way from Beaver Dam Coal Company and Sentry Royalty Company to Ohio County, Kentucky, dated July 17, 1961, recorded in Deed Book 156, page 45, in the Office of the Ohio County Clerk. 

12. Item 142: Subject to the pipeline easement from Ross Morton, et ux., to Ashland Oil Transportation Company, by instrument dated
October 13, 1955, recorded in Deed Book 127, page 33, in the Office of the Ohio County Clerk; 

  
 32 

 13. Item 144: A two (2) acre portion of the 54-acre tract is subject to an undivided 1/5
interest outstanding in the unknown heirs, unknown successors and/or assigns of Samuel K. Bishop and Catherine Ellis Bishop, husband and wife, who last appear of record in Ohio County in 1886 (Deed Book 5, page 356, in the Ohio County Clerk’s
Office) as residents of Muhlenberg County, Kentucky. 
 14. Item 145: Subject to an undivided 1/5 interest outstanding in the
unknown heirs, unknown successors and/or assigns of Samuel K. Bishop and Catherine Ellis Bishop, his wife, who last appear of record in Ohio County in 1886 (Deed Book 5, page 356, in the Ohio County Clerk’s Office) as residents of Muhlenberg
County, Kentucky. 
 15. Item 151: Subject to an undivided interest in all coal owned by Gladys Marie Burgess 5%, Sherry Ann Maddox
1.666%, Jim V. Maddox 1.666%, and Geneva Maddox Fulkerson 1.666%. 
 16. Item 155: Subject to the deed from John Maddox, et al., to
the United Baptist Church of West Providence dated May 7, 1855, recorded in Deed Book O, page 537, in the Ohio County Clerk’s office. 

17. Items 172 and 173: Subject to the pipeline easement from Ross Morton, et ux., to Ashland Oil Transportation Company by instrument dated
October 13, 1955, recorded in Deed Book 127, page 33, in the Ohio County Clerk’s office. 
 18. Item 150: Subject to the
conveyance by J. W. Chancellor, et ux., to the Trustees of Lone Star Church by deed dated February 3, 1904, recorded in Deed Book 26, page 89, which tract description cited the existence of a graveyard in 1904. 

19. Item 175: Subject to the exception of a one (1) acre school tract as stated in the tract description. The parent tract chain of
title reveals no recorded conveyance of one (1) acre for a school; however, the Beaver Dam Coal Company map indicates some type of exception within the bounds of Coal Tract No. 028—C—8. 

20. Item 185: Subject to (a) the cemetery conveyance from William L. Barnard, et ux., to trustees of Equality Church, by deed dated
March 7, 1889, recorded in Deed Book 8, page 305; and (b) the exception of two (2) acres conveyed from C. M. Igleheart, et ux., to Andrew Addington, by deed dated December 12, 1899, recorded in Deed Book 24, page 452; both
conveyances recorded in the Office of the Ohio County Clerk. The two (2) acre tract is designated Item 184 herein. 
 21. Items 193
and 194: Tract 1, and Parcels 1 through 4, are subject to an undivided 1/8 fee simple interest outstanding in the unknown heirs of Martha Tichenor Bennett and Timothy Bennett, husband and wife in 1850 (Ohio County Marriage Book F, page 90).

 22. Item 196: Subject to the Transmission Line Easement from Beaver Dam Coal Company to Kentucky Utilities Company dated
March 1, 1977, recorded in Deed Book 226, page 174, in the Ohio County Clerk’s office. 
 23. Item 197: Grantors possess
no information to substantiate the ownership interest purportedly conveyed from these three tracts. 
 24. Item 197: Subject to
outstanding partial interests in 028-125, T2 and T3. 

  
 33 

 25. Item 204: 
 (a) Tract 1 (62 1/2 acres) is subject to the life estate in an undivided 1/30 interest in coal of Fannie E. Bullock, widow of W. C. Bullock who died in 1940. (See Deed Book 89, page 354.) No
Affidavit of Death of Fannie E. Bullock appears of record in Ohio County. 
 (b) Tract 1 (62 1/2 acres) is subject to an
outstanding undivided 20% interest in all coal arising under the Will of Samuel Morton, recorded July 7, 1913, in Will Book E, page 28, in the Office of the Ohio County Clerk. In 2003, the outstanding 20% interest in all coal was owned by Hulan
L. Bullock (13.33 percent), William M. Overhults (3.333 percent), and the Effie D. Everly heirs (3.333 percent). 
 26.
Item 205: Subject to a 2 1/2-acre fee simple exception, severed from J. R. Hunter, et ux., to Sam Morton by deed dated January 20, 1902, recorded in Deed Book 24, page 343, in the Office of the Ohio County Clerk. The 2 1/2-acre
tract is a southwest portion of PVA Tract No. 126-19. 
 27. Item 211: Subject to the following, according to instruments of
record in the Ohio County Clerk’s office: 
 (a) Execution and recording of an Affidavit of Death in order to extinguish the dower
interest of Virgie Hunter Vincent (wife of Ben. T. Vincent) in all coal underlying the 135 1/2-acre tract. 
 (b) Approximately an
undivided 41.568% interest in all coal underlying the 135 1/2-acre tract was owned in 2003 by William M. Overhults, W. C. Overhuls, O. W. Overhuls, Susie Yeiser, Robert D. Hunter, William M. Hunter, Margaret Ethel Hunter, and the unknown heirs,
successors and/or assigns of Howard H. Hunter, deceased. 
 (c) Pipeline right-of-way easement from Kenneth Geary, et ux., to Ashland
Oil & Transportation Company by instrument dated October 21, 1955, recorded in Deed Book 127, page 28, in the Office of the Ohio County Clerk. 
 28. Items 215, 217, 218, 220, 225 and 226: Subject to the Easement Agreement dated April 12, 1996, from Peabody Development Company and Beaver Dam Coal Company to Big Rivers Electric
Corporation recorded in Deed Book 302, page 142, in the Ohio County Clerk’s office. 
 29. Item 215: Subject to the Easement
granted to Kentucky Utilities Company by Carl Addington, et ux., dated October 4, 1977, recorded in Deed Book 226, page 168, in the Ohio County Clerk’s office. 
 30. Items 217 and 219: Subject to the Easement granted to Kentucky Utilities Company by Peabody Coal Company and Beaver Dam Coal Company dated March 1, 1977, recorded in Deed Book 226, page
162, in the Ohio County Clerk’s office. 
 31. Item 216: Subject to the following instruments of record in the Ohio County
Clerk’s office: 
  

	a)	Highway right-of-way granted to the Commonwealth of Kentucky by Nancy E. Spicer, by instrument dated April 12, 1934, recorded in Deed Book 89, page 102;

  
 34 

	b)	Easement granted to Kentucky Utilities Company by Elwood Cundiff, et ux., dated April 12, 1934, recorded in Deed Book 111, page 247; 

 

	c)	Pipeline Easement granted to Ashland Oil & Transportation Company by Elwood Cundiff, et ux., in the undated instrument recorded in Deed Book 127, page 81;

  

	d)	Easement granted to Kentucky Utilities Company by Delphine Addington dated October 11, 1977, recorded in Deed Book 226, page 166. 

32. Items 218 and 220: Subject to the following instruments of record in the Ohio County Clerk’s office: 

(a) Easement granted to Kentucky Utilities Company by Herbert Martin, et ux., dated January 9, 1948, recorded in Deed Book 106, page 379;

 (b) Easement granted to Kentucky Utilities Company by Fosteen Burden dated October 5, 1977, recorded in Deed Book 226, page 160; and

 (c) Pipeline Easement granted to Ashland Oil & Transportation Company by Herbert Martin, et ux., in an undated instrument
recorded in Deed Book 127, page 81. 
 33. Item 219: Subject to the following instruments of record in the Ohio County Clerk’s
office: 
 (a) Highway right-of-way granted to the Commonwealth of Kentucky by R. H. Bennett, et ux., in the instrument dated April 11,
1934, recorded in Deed Book 89, page 112; 
 (b) Easement granted to Kentucky Utilities Company by Icelean B. Young dated January 8,
1948, recorded in Deed Book 106, page 405; and 
 (c) Pipeline Easement granted to Ashland Oil & Transportation Company by Ernest
Burden, et ux., in the instrument dated October 4, 1955, recorded in Deed Book 127, page 80, in the Ohio County Clerk’s office. 
 34.
Item 223: Subject to the 15 foot private road Easement granted to H. P. Addington by Robert Bennett, et ux., in the deed dated September 18, 1906, recorded in Deed Book 29, page 607, in the Ohio County Clerk’s office, now
possessed by owners of PVA Tract No. 148—4B. 
 35. Item 225: Subject to the Easement granted to Kentucky Utilities
Company by Peabody Coal Company and Beaver Dam Coal Company dated March 1, 1977, recorded in Deed Book 226, page 158, in the Ohio County Clerk’s office. 
 36. Item 230: Subject to the Pipeline Easement granted to Ashland Oil & Transportation Company by Herman Jones, et ux., in the instrument dated September 12, 1955, recorded in
Deed Book 127, page 9, in the Ohio County Clerk’s office. 
 37. Items 224 and 226: Subject to the Pipeline Easement granted to
Ashland Oil & Transportation Company by J. J. Wolcott, et ux., and P. M. Wolcott, et ux., in the instrument dated September 29, 1955, recorded in Deed Book 127, page 1, in the Ohio County Clerk’s office. 

38. Item 238: (a) Tract No. 028—068, T.2, is subject to the Oil and Gas Lease dated March 27, 1992, recorded in Lease
Book 180, page 385, in the Ohio County Clerk’s office, from 

  
 35 

 Warren C. Roe (trustee for Richard Wallace Hughes, II, and Jonathan Todd Hughes) to Refuge Exploration
Company, Inc. of 734 Carlton Drive, Owensboro, Kentucky, 42303, for a primary term of three (3) years, or so long thereafter as production occurred on the premises; and (b) Tract No. 028—068, T.2 and T.4 are subject to the Oil
and Gas Lease dated March 27, 1992, recorded in Lease Book 180, page 387, in the Office of the Ohio County Clerk, from Warren C. Roe, et ux., to Refuge Exploration Company, Inc. of 734 Carlton Drive, Owensboro, Kentucky, 42303, for a primary
term of three (3) years, or so long thereafter as production occurred from the premises. 
 39. Items 229 and 230: Subject to the
highway right-of-way granted to the Commonwealth of Kentucky by C. A. Liter in the deed dated April 10, 1934, recorded in Deed Book 89, page 97, in the Office of the Ohio County Clerk; and (b) C. D. Kessinger executed a similar conveyance
in 1939 which cannot be reviewed due to erroneous recording information in the indices of the Ohio County Clerk. 
 40. Items 235 and 236:
Subject to the highway right-of-way granted to the Commonwealth of Kentucky by H. G. Barnard, et ux., in the deed dated April 10, 1934, recorded in Deed Book 89, page 100, in the Ohio County Clerk’s office. 

41. Items 234, 235, 236 and 237: Subject to the Pipeline Easement granted to Ashland Oil & Transportation Company by the H. G. Barnard
heirs by instrument dated September 12, 1955, recorded in Deed Book 127, page 5, in the Ohio County Clerk’s office. 
 42. Items
214, 215, 216, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 227, 228, 229, 230, 231, 232, 233, 234, 235, 236, 237, 238 and 239: Subject to the Reciprocal Mining Agreement dated May 31, 2007, between Beaver Dam Coal Company, LLC and
Central States Coal Reserves of Kentucky, LLC and Western Land Company, LLC, recorded in Deed Book 368, page 1, in the Office of the Ohio County Clerk. 
 43. Items 216, 219, 221, 222 and 232: Subject to the Utility Easement from Western Land Company, LLC, to Central States Coal Reserves of Kentucky, LLC, dated December 12, 2006, recorded in
Deed Book 365, page 66, in the Office of the Ohio County Clerk. 
 44. Items 113, 115, 116, 126, 127 and 128: Subject to the Transmission
Line Easement from Western Land Company, LLC, to Central States Coal Reserves of Kentucky, LLC, dated December 27, 2006, recorded in Deed Book 365, page 397, in the Office of the Ohio County Clerk. 

45. Items 249 and 252: Subject to Correction Deed by Central States Coal Reserves of Kentucky, LLC and Beaver Dam Coal Company, LLC, both Delaware
limited liability companies, to Western Diamond, LLC, a Nevada limited liability company, dated September 11, 2007, of record in Deed Book 369, page 759, in the Office of the Ohio County Clerk. 

46. Items 260 and 261: Subject to the limitation on grant of deeded assets, Grantor’s reservation of rights, and Grantee’s assumed
liabilities contained in the Special Warranty Deed, Assignment, Assumption and Bill of Sale from CNX Gas Company, LLC, as Grantor, to Cyprus Creek Land Resources, LLC, as Grantee, dated October 9, 2007, of record in Deed Book 370, page 657, in
the Office of the Ohio County Clerk. 
 END OF EXHIBIT A-1 

  
 36 

  
 

 

 EXHIBIT B-1 
 Surface and Surface Coal Mining Rights Only 
  

					
	 Item
	  	 Orig. L.C. No.
	  	 Acreage

	1.	  	028-181(2)	  	103 acres

 AND BEING a portion of the property conveyed to Peabody Coal Company and Beaver Dam Coal Company from William I. Brown,
et ux., by deed dated March 13, 1970, recorded in Deed Book 201, page 381, in the Ohio County Clerk’s office. 
  

					
	2.	  	028-242	  	32 acres

 AND BEING the same property conveyed to Peabody Coal Company and Beaver Dam Coal Company from Ella B. Bell, unmarried
widow, by deed dated February 24, 1976, recorded in Deed Book 217, page 447, in the Ohio County Clerk’s office. 
  

					
	3.	  	028-296	  	220.09 acres

 AND BEING the same property conveyed to Peabody Coal Company from Big Rivers Electric Corporation by deed dated
May 13, 1988, recorded in Deed Book 265, page 418, in the Ohio County Clerk’s office. 
  

					
	4.	  	028-161, T.1	  	60.25 acres
		  		  	(except portion conveyed at Deed Book 237, page 90)
			
		  	028-161, T.2	  	75.00 acres
		  		  	(except portion conveyed at Deed Book 237, page 90)

 AND BEING a portion of the property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Foster James, et
ux., by deed dated December 15, 1966, recorded in Deed Book 177, page 317, in the Ohio County Clerk’s office. 
  

					
	5.	  	028 -108, T.2	  	258 acres
		  		  	(except portion conveyed at Deed Book 237, page 90)

 AND BEING a portion of the property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from John Lindley, et
ux., by deed dated May 17, 1960, recorded in Deed Book 155, page 151, in the Ohio County Clerk’s office. 
  

					
	6.	  	028-122	  	168 acres
		  		  	(except portion conveyed at Deed Book 237, page 90)

 AND BEING a portion of the property conveyed to Sentry Royalty Company and Beaver Dam Coal Company from Raymond T. Nall,
widower, by deed dated February 14, 1961, recorded in Deed Book 178, page 18; and also being the same property in which Peabody Coal Company conveyed its undivided 1/2 interest to Beaver Dam Coal Company, expressly reserving all underlying
coal, by deed dated December 27, 1974, recorded in Deed Book 210, page 657; both in the Ohio County Clerk’s office. 

  
 38 

					
	7.	  	028-252	  	0.55 acres

 AND BEING the same property conveyed to Peabody Coal Company from Edwin Brown, et ux., by deed dated June 8, 1977,
recorded in Deed Book 224, page 227, in the Ohio County Clerk’s office. 
  

					
	8.	  	028-251	  	1.25 acres

 AND BEING the same property conveyed to Peabody Coal Company from Earl Powers, et ux., by deed dated June 8, 1977,
recorded in Deed Book 224, page 229, in the Ohio County Clerk’s office. 
 Common Sources of Title 

(All recorded references are to the Ohio County, Kentucky, Clerk’s Office) 
 1. By Quitclaim Deed dated September 30, 1957, recorded in Deed Book 134, page 219, Homestead Coal Company, a Kentucky corporation, conveyed all of the land it owned in Ohio County to Sentry Royalty
Company, a Nevada corporation. Also see the Quitclaim Deed dated December 1, 1967, recorded in Deed Book 177, page 236. 
 2. By Merger
approved by the Illinois Secretary of State on February 5, 1968, recorded July 28, 1972, in Miscellaneous Book 6, page 375, Sentry Royalty Company merged with Peabody Coal Company. The merger occurred pursuant to Illinois law, and the
instrument recites that Peabody Coal Company, an Illinois corporation, owned all of the stock of the non-surviving corporation. 
 3. By Deed
dated March 29, 1968, recorded in Deed Book 178, page 395, Peabody Coal Company, an Illinois corporation, conveyed all of the property it owned in Ohio County, Kentucky, to Peabody Coal Company, a Delaware corporation. 

4. By Deed dated September 12, 1989, recorded in Deed Book 271, page 109, Peabody Coal Company, a Delaware corporation, conveyed all of the property
it owned in Ohio County, Kentucky, to Peabody Development Company, a Delaware corporation. 
 5. Pursuant to Section 266 of the Delaware
General Corporation Law, Peabody Development Company, a Delaware corporation, converted and changed its name to Peabody Development Company, LLC, a Delaware limited liability company, effective December 16, 2003, recorded April 27, 2004,
in Miscellaneous Book 52, pages 627—630. 
 6. Pursuant to Section 226 of the Delaware General Corporation Law, Peabody Coal Company,
a Delaware corporation, converted and changed its name to Peabody Coal Company, LLC, a Delaware limited liability company, effective July 11, 2005, of record August 25, 2005, in Miscellaneous Book 55, pages 147—152. 

7. By instrument effective September 12, 1989, dated December 20, 2005, and recorded in Deed Book 358, page 226, Peabody Coal Company, LLC, and
Peabody Development Company, LLC, confirmed the reserves transfer of September 12, 1989, at Deed Book 271, page 109. 

  
 39 

 8. By Corporate Special Warranty Deed dated and recorded December 20, 2005, in Deed Book 358, page 301,
Peabody Coal Company, LLC, conveyed all of the property it owned in Ohio County, Kentucky, to Peabody Development Company, LLC. 
 9. By
Corporate Special Warranty Deed dated and recorded December 20, 2005, in Deed Book 358, page 308, Peabody Development Company, LLC, conveyed all of the property it owned in Ohio County, Kentucky, to Central States Coal Reserves of Kentucky,
LLC, a Delaware limited liability company. 
 10. By Deed of Confirmation effective December 20, 2005, dated December 27, 2005, and
recorded January 17, 2006, in Deed Book 358, page 583, Peabody Development Company, LLC, confirmed the conveyance of the surface only of certain property previously conveyed at Deed Book 358, page 308, to Central States Coal Reserves of
Kentucky, LLC. 
 11. By instrument effective December 20, 2005, dated August 23, 2006, recorded August 24, 2006, in Deed Book
362, page 558, Peabody Coal Company, LLC, confirmed that it had conveyed certain tracts to Peabody Development Company, LLC. 
 12. By
instrument effective December 20, 2005, dated August 23, 2006, recorded August 24, 2006, in Deed Book 362, page 563, Peabody Development Company, LLC, confirmed that it had conveyed certain tracts to Central States Coal Reserves of
Kentucky, LLC. 
 13. Pursuant to Section 266 of the Delaware General Corporation Law, Beaver Dam Coal Company, a Delaware corporation,
converted and changed its name to Beaver Dam Coal Company, LLC, a Delaware limited liability company, effective May 16, 2007, recorded May 21, 2007, in Miscellaneous Book 58, pages 499—503. 

14. And being a portion of the same property conveyed by Beaver Dam Coal Company, LLC and Central States Coal Reserves of Kentucky, LLC, to Cyprus Creek
Land Resources, LLC, by deed dated September 13, 2007, of record in Deed Book 370, page 144. 
 15. And being a portion of the same
property conveyed by Cyprus Creek Land Resources, LLC to Cyprus Creek Land Company by deed dated September 13, 2007, recorded in Deed Book 370, page 199. 
 16. And being a portion of the same property conveyed by Beaver Dam Coal Company, LLC and Central States Coal Reserves of Kentucky, LLC to Cyprus Creek Land Resources, LLC, by Correction Special Warranty
Deed of Conveyance effective September 13, 2007, recorded March 28, 2008, in Deed Book 373, page 43. 
 Schedule of
Known 
 Exceptions and Prior Conveyances 
 1. Subject to the Notice of Royalty Interest in favor of William G. Parrott, et al., dated December 19, 1983, recorded in Miscellaneous Book 16, page 452, concerning the Third Boundary described
therein. 
 2. Subject to the Overriding Royalty Agreement dated June 1, 1967, recorded in Deed Book 179, page 259, between Sentry Royalty
Company and W. B. Dozier, Helen Dozier, and Lula Hickman, concerning the Third Boundary described therein. 

  
 40 

 3. Subject to the conveyance to A. J. Early of “all the gases, and all rights thereto” underlying
all property owned by Beaver Dam Coal Company within a boundary containing 33,925.37 acres, by deed dated March 22, 1928, recorded in Deed Book 74, page 103. 
 4. Item 4: Subject to the following instruments of record: 

(a) The 1/4-acre cemetery excepted by heirs of John Howell in the deed dated and recorded April 8, 1833, in Deed Book F, page
393; 
 (b) Highway right-of-way to Ohio County, Kentucky, dated February 13, 1931, recorded in Deed Book 78, page 194;

 (c) Highway right-of-way to the Commonwealth of Kentucky dated September 9, 1933, recorded in Deed Book 81, page
595; 
 (d) Highway right-of-way to the Commonwealth of Kentucky dated September 19, 1933, recorded in Deed Book 81,
page 596; 
 (e) Conveyance of Raymond Nall Road by Big Rivers Electric Corporation, et al., to Ohio County, Kentucky, dated
January 10, 1984, recorded in Deed Book 249, page 599; and 
 (f) Pole Line Agreement from Bernie Tichenor, et ux., to
Kentucky Utilities Company dated March 17, 1947, recorded in Deed Book 104, page 331. The cited utility easement has been relocated but no instrument appears of record to this effect. See the plat of record in Deed Book 237, page 102, which
depicts the power line easement as located in 1980. 
 5. Item 5: Subject to the following instruments of record: 

(a) The undivided 1/8 interest in the Alney Tichenor estate (179 acres) outstanding in the heirs of Maria Tichenor and Squire W.
Tichenor, wife and husband. Maria Tichenor last appears of record in 1903 (Deed Book 30, page 453). The Affidavit of Descent dated April 17, 1950, recorded April 22, 1950, in Deed Book 111, page 120, states that S. W. Tichenor died
intestate circa 1945, an unmarried resident of Ohio County, survived by the following persons who constitute his sole heirs: 
  

									
	Clyde Tichenor	  	Son	  	64	  	Centertown, Ky.	  	1/4
	Gerda M. Tichenor	  	Daughter	  	72	  	Centertown, Ky.	  	1/4
	Melissa A. James	  	Daughter	  	64	  	Centertown, Ky.	  	1/4
	Willie L. Myers	  	Daughter	  	68	  	Alcoa, Tn.	  	1/4

 (b) Road reservation described in the deed dated September 19, 1919, recorded in Deed Book 57,
page 639, in which C. A. Lindley, et ux., and John Lindley, et ux., conveyed the 258 acre parent tract to Homer Nation and Bert Nation. The road is located within Surface Tract No. 028—197, T.1, as the same was conveyed to Theodore Hill,
et ux., in 1919 (Deed Book 61, page 525). 
 (c) Agreement of Right of Way dated November 2, 1936, recorded in Deed
Book 85, page 97, in which Bert Nation, et ux., et al., granted a right-of-way across the subject tract to Kentucky Natural Gas Corporation of Owensboro, Kentucky. 
 6. Item 6: Subject to the following instruments of record: 

(a) The 168 acre tract is erroneously described in all instruments of record from 1875 to the present, which description fails to
account for an 18 3/4 acre parcel described in 1830 at Deed Book F, page 242, comprising a northeastern portion of the 168 acre parent tract. 

  
 41 

 (b) The highway right-of-way deed dated September 6, 1933, recorded in Deed Book
81, page 593, by James N. Nall, et ux., to the Commonwealth of Kentucky, State Highway Commission. 
 (c) Pole Line
Agreement dated May 13, 1947, recorded in Deed Book 104, page 392, by Raymond T. Nall to Kentucky Utilities Company. 
 7. Item 8:
Subject to the following highway rights-of-way of record: 
 (a) Deed dated February 3, 1931, recorded in Deed Book
78, page 191, by J. N. Nall, et ux., to Ohio County, Kentucky; 
 (b) Deed dated August 22, 1931, recorded in Deed Book
78, page 216, by J. N. Nall, et ux., to Ohio County, Kentucky; and 
 (c) Deed dated September 6, 1933, recorded in
Deed Book 81, page 593, by J. N. Nall, et ux., to the Commonwealth of Kentucky, State Highway Commission. 
 END OF EXHIBIT
B-1 

  
 42 

  
 

 

 SCHEDULE B 

Leased Property 
 All of
Lessor’s right, title and interest in and to the following surface and/or coal tracts situated in Ohio County, Kentucky: all of the #9 vein or seam of coal and the coal mining rights and privileges appurtenant thereto, in, on and underlying the
real property more particularly described on Exhibit A attached hereto and depicted on the map attached as Exhibit B, both of the aforesaid Exhibits are incorporated herein by reference and made a part hereof, together with all
appurtenants thereunto belonging or in anywise appertaining, and being subject to the known exceptions and prior conveyances more particularly set forth herein. 
 BEING the same property acquired by Ceralvo Holdings, LLC from Cyprus Creek Land Resources, LLC by Assignment and Assumption of Mineral Leasehold Estate (Danks and Ray #9 Coal Only), dated March 31,
2008, a Memorandum of which being of record in Deed Book 373, Page 199, in the office of the Clerk of Ohio County, Kentucky. 
 Underlying
lease: Agreement between Athel W. Danks and Richard A. Danks and Amy Ray and Ed Ray in favor of Peabody Coal Company dated August 25, 1972, a short form of which is of record in Deed Book 200, Page 215, in the office of the Clerk of Ohio
County, Kentucky. 

  
 2 

 EXHIBIT A 
 Tract No. 028—215, Parcels 1—6 
 Parcel 1: Beginning at two beeches
on the bank of Green River thence N. 12-1/2 E. 167 poles and 13 links to a stone; thence S. 68-1/4 E. 143 poles to a stone, thence S. 28 W. 76 poles and 23 links to a stone; thence S. 57-1/2 E. 30 poles and 8 links to a stone; thence S. 20-1/2 W. 66
poles to a hickory bush and stone on the bank of Green River; thence down the river to the beginning, containing 131 acres. 
 Parcel 2:
Beginning at a stone; thence N. 12-1/2 E. 58 poles and 12 links to a small ash and stone; thence S. 68-1/4 E. 141 poles to a stone, thence South 2 West 38 poles and 5 links to a stone; thence South 28 West 21 poles and 12 links to a stone; thence
North 68-1/4 West 143 poles to the beginning, containing 52 acres. 
 Parcel 3: Beginning at a stone; thence South 57-1/2 E. 30 poles and
8 links to a stone; thence South 66 East 49 poles and 5 links to a stone; thence North 48-1/2 E. 20 poles and 7 links to a stone in the Hartford and Ceralvo Road; thence North 65-1/2 East 43 poles and 16 links to a stone in said road; thence North
50-3/4 E. 24 poles and 20 links to a stone; thence South 69 East 20 poles to two black oaks and a stone; thence North 36-3/4 East 8 poles and 17 links to a black oak and stone; thence North 11 W. 33 poles and 5 links to a down poplar, black gum and
stone; thence North 9-1/2 East 38 poles and 20 links to a poplar and hickory; thence North 72-1/2 W. 32 poles to a black oak stump, hickory and stone; thence North 68-1/4 W. 113 poles and 20 links to a stone; thence South 2 West 38 poles and 5 links
to a stone; thence S. 28 W. 98 poles and 10 links to the beginning, containing 115-1/2 acres. 
 Parcel 4: Beginning at a stone in the
original line between Presley L. Wood and D. W. Kimmel on the West side of the Hartford and Ceralvo road; thence with said road N. 36 1/4 E. 31 rods and 8 links to a stone, thence with said road N. 26 E. 11 rods and 20 links to a stone, thence with
the road that connects the Hartford and Ceralvo road with the Hartford and South Carrollton road, N. 42 1/4 W. 35 rods and 16 links to a stone; thence S. 9 1/2 W. 34 rods to a black gum down poplar and stone; thence S. 11 E. 30 rods to the
beginning, containing Six acres more or less. 
 Parcel 5: Beginning at a black gum, the South west corner of J. O. Kimbley’s land,
thence North 104-8/11 poles to a stone in the original line thence North 70 West 91 poles to a stone in a branch, thence North 3 East 57 1/2 poles to a stone on bank of branch in M. F. Kimbley’s line, thence with his line North 87 1/2 West 27
poles to a poplar tree and stone, E. W. Smith’s corner in M. F. Kimbley’s line, thence with E. W. Smith’s line South 152 8/11 poles to a gum tree and stone in V. B. Morton’s line, thence South 70 East 121 poles to the beginning
and containing 81 acres more or less. 
 Parcel 6: Beginning at a stone in Hartford and Ceralvo Road; thence South 63-1/2 East 30 rods
and 23 links to a stone; thence South 17-3/4 West 12 rods and 15 links to a stone in the back line of the Town Plat of Ceralvo; thence South 64-1/2 East 23 rods and 17 links to a stone in Mrs. Druzilla Barnard’s line; thence North [28 E]
76-1/2 rods to a stone and two black oaks, P. 

  
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 L. Wood’s corner; thence N. 69 W. 20 rods to a stone; thence South 50-3/4 West 24 rods and 20 links to
a stone in the Hartford and Ceralvo road; thence S. 65-1/2 W. with said road 50 rods and 10 links to the beginning, containing 16 acres more or less. 
 AND BEING the same property in which the No. 9 seam of coal was leased to Peabody Coal Company by Athel W. Danks, et vir., and Ama W. Ray, et vir., by Agreement dated August 25, 1972, recorded
in Deed Book 200, page 215, in the Ohio County Clerk’s office. 
 Common Sources of Title 

All recording references are to the Office of the Ohio County Clerk: 
 1. By Deed dated September 12, 1989, recorded in Deed Book 271, page 109, Peabody Coal Company, a Delaware corporation, conveyed all of the property it owned in Ohio County, Kentucky, to Peabody
Development Company, a Delaware corporation. 
 2. Pursuant to Section 266 of the Delaware General Corporation Law, Peabody Development
Company, a Delaware corporation, converted and changed its name to Peabody Development Company, LLC, a Delaware limited liability company, effective December 16, 2003, recorded April 27, 2004, in Miscellaneous Book 52, pages 627—630.

 3. Pursuant to Section 226 of the Delaware General Corporation Law, Peabody Coal Company, a Delaware corporation, converted and changed
its name to Peabody Coal Company, LLC, a Delaware limited liability company, effective July 11, 2005, of record August 25, 2005, in Miscellaneous Book 55, pages 147—152. 
 4. By instrument effective September 12, 1989, dated December 20, 2005, and recorded in Deed Book 358, page 226, Peabody Coal Company, LLC, and Peabody Development Company, LLC, confirmed the
reserves transfer of September 12, 1989, at Deed Book 271, page 109. 
 5. By Corporate Special Warranty Deed dated and recorded
December 20, 2005, in Deed Book 358, page 301, Peabody Coal Company, LLC, conveyed all of the property it owned in Ohio County, Kentucky, to Peabody Development Company, LLC. 
 6. By Corporate Special Warranty Deed dated and recorded December 20, 2005, in Deed Book 358, page 308, Peabody Development Company, LLC, conveyed all of the property it owned in Ohio County,
Kentucky, to Central States Coal Reserves of Kentucky, LLC, a Delaware limited liability company. 
 7. By Deed of Confirmation effective
December 20, 2005, dated December 27, 2005, and recorded January 17, 2006, in Deed Book 358, page 583, Peabody Development Company, LLC, confirmed the conveyance of the surface only of certain property previously conveyed at Deed Book
358, page 308, to Central States Coal Reserves of Kentucky, LLC. 
 8. By instrument effective December 20, 2005, dated August 23,
2006, recorded August 24, 2006, in Deed Book 362, page 558, Peabody Coal Company, LLC, confirmed that it had conveyed certain tracts to Peabody Development Company, LLC. 

  
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 9. By Instrument effective December 20, 2005, dated August 23, 2006, recorded August 24,
2006, in Deed Book 362, page 563, Peabody Development Company, LLC, confirmed that it had conveyed certain tracts to Central States Coal Reserves of Kentucky, LLC. 
 10. By Assignment and Assumption of Mineral Leasehold Estate dated September 10, 2007, of record in Deed Book 370, page 368, Central States Coal Reserves of Kentucky, LLC assigned to Cyprus Creek
Land Resources, LLC, a Delaware limited liability company, all of its right, title and interest in and to the Dank/Ray Agreement. 
 Schedule of Known 
 Exceptions and Prior Conveyances 

 1. Subject to an overriding royalty interest referred to in the Notice of Royalty Interest in favor of William G. Parrott, et al, dated
December 19, 1983, recorded in Miscellaneous Book 16, page 452, in the Office of the Ohio County Clerk, concerning the Fourth Boundary described therein. 
 2. Parcels 2, 5 and 6 are subject to the unrecorded Affidavit of Descent of E. B. Wood executed by Athel W. Danks in 1972, which is in the possession of the grantors herein. 

3. Parcels 3 and 4 are subject to the coal reservation by Athel Wood Danks, et vir., et al., by deed dated August 15, 1946, recorded in Deed Book
102, page 304. 
 4. Parcel 5 is subject to the coal reservation by E. B. Wood by deed dated May 22, 1917, recorded in Deed Book 53, page
249. 

  
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