ARTICLE I. LEASE OF SURFACE PROPERTYSurface Rights Lease • December 29th, 2016 • Ramaco Resources, Inc. • Bituminous coal & lignite mining • Delaware
Assume that Operating Company desires to lease an Acquired Area from Land Company that contains 4.0 million clean tons of coal. The mining plan that is ultimately approved by Land Company indicates that Operating Company shall mine those 4.0 million clean tons of coal over a period of 15 years and shall sell those tons of coal for $88.50 per ton. All tons will be mined utilizing the underground mining method.
AMENDMENT NO. 2 TO SURFACE RIGHTS LEASESurface Rights Lease • December 29th, 2016 • Ramaco Resources, Inc. • Bituminous coal & lignite mining
THIS AMENDMENT NO. 2 TO SURFACE RIGHTS LEASE (the “Amendment”), effective March 31, 2016, is by and between RAMACO CENTRAL APPALACHIA, LLC, a Delaware limited liability company (“Lessor”), and RAMACO RESOURCES, LLC, a Delaware limited liability company (the “Lessee”).
AMENDMENT NO. 3 TO SURFACE RIGHTS LEASE [Elk Creek Plant and Impoundment]Surface Rights Lease • December 29th, 2016 • Ramaco Resources, Inc. • Bituminous coal & lignite mining
THIS AMENDMENT NO. 3 TO SURFACE RIGHTS LEASE (the “Amendment”), effective August 31st, 2016, is by and between RAMACO CENTRAL APPALACHIA, LLC, a Delaware limited liability company (“Lessor”), and RAMACO RESOURCES, LLC, a Delaware limited liability company (“Lessee”).
AMENDMENT NO. 1 TO SURFACE RIGHTS LEASESurface Rights Lease • December 29th, 2016 • Ramaco Resources, Inc. • Bituminous coal & lignite mining
THIS AMENDMENT NO. 1 TO SURFACE RIGHTS LEASE (the “Amendment”), effective December 31, 2015, is by and between RAMACO CENTRAL APPALACHIA, LLC, a Delaware limited liability company (“Lessor”), and RAMACO RESOURCES, LLC, a Delaware limited liability company (the “Lessee”).
