agreement of trust dated july 18, 1961 as amended october

Schedule 1 Composite Copy of Peters Lease

This Indenture, Made this 1st day of October, A. D. 1917, as of April 30th, 1915, by and between East Mesaba Iron Company, andDunka River Iron Company, both corporations of the State ofMinnesota, herinafter cal led the Lessors, parties of the first part,and Claude W. Peters, of Forest Hills, State of New York, herin-after called the Lessee, party of the second part, WITNESSETH:

WHEREAS, the Lessor, East Mesaba Iron Company, is the ownerin fee of the following described lands, situated in the County ofSt. Louis and State of Minnesota, to-wit:

The South Half (S½) of Section Twenty-two (22) ;

The South Half of the Southwest Quarter (S½ of SW¼), the Northeast Quarter of the Southeast Quarter (NE¼ of SE¼) and the South Half of the Southeast Quarter (S½ of of SE¼) of Section Twenty-three (23) ;

The Southeast Quarter of the Northwest Quarter (SE¼ of NW¼) and the Southwest Quarter (SW¼) of Section Twenty- four (24) ;

The West Half (W½) of Section Twenty-five (25);

All of Section Twenty-six (26);

All of Section Twenty-seven (27);

The South Half of the Northwest Quarter (S½ of NW¼), the South Half of the Northeast Quarter (S½ of NE¼) and the South Half (S½) of Section Twenty-eight (28) ;

The South Half of the Southeast Quarter (S½ of SE¼) and the South Half of the Southwest Quarter (S½ of SW¼) of Section Twenty-nine (29) ;

The Northeast Quarter of the Northwest Quarter (NE¼ of NW¼), the South Half of the Northwest Quarter (S½ of NW¼), the North Half of the Southwest Quarter (N½ of SW¼) and the East Half (E½) of Section Thirty-one (31) ;

All of Section Thirty-two (32) ; Schedule 1 page 1