April 17, 2017 Page 1 ************************************************************************************************** M I N E R A L A C T I O N S ************************************************************************************************** RELINQUISHMENT OF POTASH LEASES Sennen Potash (US) Corporation, 501-837 West Hastings Street, Vancouver, British Columbia V6C 3N6, has requested relinquishment of the following leases: ML 52181 (SCH) T33S, R25E, SLB&M. San Juan SEC. 36: All 1451.96 acres T34S, R25E, SLB&M

SEC. 2: Lots 1(43.06), 2(43.01), 3(42.97), 4(42.92, S½N½, S½ [All] SEC. 13: NW¼

ML 52182 (NS: 840; SCH: 960) T34S, R25E, SLB&M San Juan SEC. 24: SW¼NE¼, E½SW¼, W½SE¼ 1800.00 acres SEC. 25: E½ SEC. 36: All T34S, R26E, SLB&M SEC. 19: W½ SEC. 30: W½ ML 52183 (SCH) T34S, R26E, SLB&M San Juan SEC. 16: All 1280.00 acres SEC. 21: All ML 52184 (SCH) T34S, R26E, SLB&M San Juan SEC. 32: All 640.00 acres Upon recommendation of Mr. Jerry Mansfield, the Director approved relinquishment of the above-listed leases. APPROVAL OF FIRST AMENDMENT – ML 53431-OBA – EXPLORATION AGREEMENT WITH POTASH LEASE OPTION (SCH) On March 16, 2017, upon request from Thena Corporation, 447 North 300 West, Suite #3, Kaysville, UT 84037, permittee of the above-numbered exploration agreement, the Board of Trustees of the School and Institutional Trust Lands Administration approved an amendment to include 2,825.49 acres of additional lands to the agreement. The lands are subject to the original agreement terms. The permittee is required to pay an additional bonus bid of $28,260 at the time the lease option is exercised, as well as an additional $11,304 in annual rental, as consideration for the amended lands.

April 17, 2017 Page 2 APPROVAL OF FIRST AMENDMENT – ML 53431-OBA – EXPLORATION AGREEMENT WITH POTASH LEASE OPTION (SCH)(CONTINUED) Original Lands: T31S, R23E, SLB&M San Juan SEC. 11: Lots 1(31.04), 2(31.74), 3(32.42), 3926.34 acres 4(33.12), W½E½, W½

SEC. 12: N½, SW¼, NW¼SE¼ SEC. 13: S½NE¼, W½, SE¼ SEC. 14: Lots 1(33.80), 2(34.47), 3(35.15), 4(35.82), W½E½, W½ [All] SEC. 22: S½NW¼, S½ SEC. 23: Lots 1(36.33), 2(36.66), 3(37.00), W½NE¼, W½, NW¼SE¼ SEC. 24: N½ T31S, R24E, SLB&M SEC. 18: Lots 3(54.30), 4(54.00), E½SW¼ SEC. 19: Lots 1(53.73), 2(53.49), 3(53.27) Additional Lands: T30S, R23E, SLB&M San Juan SEC. 36: E½E½ 2825.49 acres T30S, R24E, SLB&M SEC. 32: All T31S, R23E, SLB&M SEC. 1: S½SE¼ SEC. 2: Lots 1(30.73), 2(43.15), 3(43.09), 4(43.03), 5(29.12), 6(29.75),

7(30.38), SW¼NE¼, S½NW¼, SW¼, W½SE¼ [All] SEC. 3: SE¼SE¼ T31S, R24E, SLB&M SEC. 2: Lots 1(44.26), 2(44.12), 3(44.00), 4(43.86), S½N½, S½ [All] SEC. 16: All Amended Annual Rental: $27,012 Due: $11,304 Upon recommendation of Mr. Jerry Mansfield, the Director approved the amendment of ML 53431-OBA. APPROVAL – ML 53499-OBA – BITUMINOUS/ASPHALTIC SANDS LEASE (SCH) On March 16, 2017, the Board of Trustees of the School & Institutional Trust Lands Administration (“SITLA”) approved the issuance of the above-referenced Bituminous/Asphaltic Sands Minerals Lease, pursuant to Utah Code Ann. Section 53C-2-401(l)(d)(ii), which authorizes to enter into agreements and Other Business Arrangements (“OBA”) for disposal of trust mineral resources. The approved terms are:

April 17, 2017 Page 3 APPROVAL – ML 53499-OBA – BITUMINOUS/ASPHALTIC SANDS LEASE (SCH)(CONTINUED)

Annual rental rate of $679

Annual Advanced Minimum Royalty of $6,790

Bonus of $2,037

10-year term

Standard lease terms will apply with emphasis that all requirements of the Utah Division of Air Quality as well as all other environmental regulations will be followed.

The land status has been examined utilizing both the digital plats and the Business System and the lands were found to be open and available. The application has been checked for completeness, and found to be in proper order. The lease administrator has had this legal description reviewed by the GIS Group. The Business System and digital plats will be updated to show the leases as existing contracts on the lands described below: ML 53499-OBA T17S, R22E, SLB&M Uintah Qmast, LLC Sec. 2: Lots 1(49.68), 2(49.62), 3(49.58), 4(49.52), 678.40 acres 751 Horizon Court S½N½, S½ [All] Grand Junction, CO 81506

FUND: SCH Annual Rental: $679 Annual Minimum Royalty: $6790 Due: $9,506 Upon recommendation of Mr. Jerry Mansfield, and as approved by SITLA’s Board of Trustees, the Director approved the issuance of the Bituminous/Asphaltic Sands Minerals Lease, ML 53499-OBA, under the terms as presented above. APPROVAL – ML 53489 – METALLIFEROUS MINERALS LEASE The following-described Metalliferous Minerals Lease application has been received with a minimum annual rental rate of $500 per lease or $1 per acre, whichever is greater. The production royalty is 8% for fissionable minerals and 4% for non-fissionable minerals, based on the gross value of the ore. The land status has been examined utilizing both the digital plats and the Business System and the lands were found to be open and available. The application has been checked for completeness, and found to be in proper order. The lease administrator has had this legal description reviewed by the GIS Group. The Business System and digital plats will be updated to show the lease application as an existing contract on the lands described below: ML 53489 T30S, R2.5W, SLB&M Piute Precious Metals, LLC SEC. 2: Lots 1(47.61), 2(47.64), 3(47.66), 670.60 acres 17030 E. Carr Ave 4(47.69), S½N½, S½ [All] Parker, CO 80134 FUND: SCH Annual Rental: $671 Credit: $38 Upon recommendation of Mr. Jerry Mansfield, the Director approved the lease application as outlined above.

April 17, 2017 Page 4 CORRECTION OF DIRECTOR’S ACTIONS OF JUNE 21, 2010 AND AUGUST 11, 2014 – ML 46731 (SCH) On the Director’s Actions of June 21, 2010, page 3, an operating rights assignment was approved for 75% interest in and to the above-referenced lease to Foundation Energy Fund III-B Holding, LLC, 16000 North Dallas Parkway, Suite 875, Dallas, TX 75248, by Pioneer Natural Resources USA, Inc., with no override reserved. The top of this assignment form did not indicate that the assignment included record title; however, it is apparent from the body of the document that the intent of the parties was to convey record title, operating rights and overriding royalty interests. The companies attempted to correct the form by filing a second assignment that did indicate record title was to be transferred. This second assignment was approved on the Director’s Actions of August 11, 2014, page 13, but was not necessary and was a duplicate of the original. The School and Institutional Trust Lands Administration recognizes that the original assignment, approved on June 21, 2010, did effectively transfer record title, operating rights and overriding royalty. The Business System has been updated to reflect this correction. This correction was submitted by Ms. Aly Hale for record-keeping purposes. RECORD TITLE ASSIGNMENTS – ML 51899 – OIL, GAS, AND ASSOCIATED HYDROCARBONS A record title assignment has been submitted for a divided 100% interest in and to the above-numbered lease to assignees as listed below by Robert L. Bayless Producer, LLC. No override reserved. Preas Family, LLC, 4884 West Ranch Blvd., Mountain Green, UT 84040 50.20% Mahogony Resources, LLC, 2219 Avenida Platanar, San Clemente, CA 92672 37.35% Meagher Properties, LLC, P.O. Box 122 Vernal, UT 84078 12.45% Upon recommendation of Ms. LaVonne Garrison, the Director approved the above-listed record title assignment. A record title assignment has been submitted for 50.20% interest in and to the above-numbered lease to T-K Production Company, P.O. Box 2235, Billings, MT 59103 by Preas Family, LLC, who reserves 1.506% overriding royalty. Effective June 1, 2004, the School and Institutional Trust Lands Administration assumes no responsibility in reviewing, collecting, or distributing overriding royalty. Upon recommendation of Ms. LaVonne Garrison, the Director approved the above-listed record title assignment. A record title assignment has been submitted for 37.35% interest in and to the above-numbered lease to T-K Production Company, P.O. Box 2235, Billings, MT 59103 by Mahogony Resources, LLC, who reserves 1.1205% overriding royalty. Effective June 1, 2004, the School and Institutional Trust Lands Administration assumes no responsibility in reviewing, collecting, or distributing overriding royalty. Upon recommendation of Ms. LaVonne Garrison, the Director approved the above-listed record title assignment. A record title assignment has been submitted for 12.45% interest in and to the above-numbered lease to T-K Production Company, P.O. Box 2235, Billings, MT 59103 by Meagher Properties, LLC, who reserves .3735% overriding royalty. Effective June 1, 2004, the School and Institutional Trust Lands Administration assumes no responsibility in reviewing, collecting, or distributing overriding royalty. Upon recommendation of Ms. LaVonne Garrison, the Director approved the above-listed record title assignment.

April 17, 2017 Page 5 TERMINATION OF ML 46911 – OIL, GAS & HYDROCARBON (SCH) With the plugging and abandonment of Enduring Resources, LLC, East Bench 11-22-23-16 (API 4304733251) on October 6, 2016, ML 46911 terminated effective the same date. Upon recommendation of Mr. Tyson Todd, the Director approved the above-listed termination. TERMINATION OF ML 49317 – OIL, GAS & HYDROCARBON (SCH) With the plugging and abandonment of Enduring Resources, LLC, N Horseshoe 3-16-6-21 (API 4304737391) on August 8, 2016, ML 49317 terminated effective the same date. Upon recommendation of Mr. Tyson Todd, the Director approved the above-listed termination. TERMINATION OF ML 49762 – OIL, GAS & HYDROCARBON (SCH) With the plugging and abandonment of Enduring Resources, LLC, Archy Bench 11-24-24-32 (API 4304736819) on July 19, 2016, ML 49762 terminated effective the same date. Upon recommendation of Mr. Tyson Todd, the Director approved the above-listed termination. TERMINATION OF ML 47087 – OIL, GAS & HYDROCARBON (SCH) With the plugging and abandonment of Enduring Resources, LLC, Buck Camp 12-22-31-2 (API 4304736273) on August 8, 2016, ML 47087 terminated effective the same date. Upon recommendation of Mr. Tyson Todd, the Director approved the above-listed termination. TERMINATION OF ML 48933 – OIL, GAS & HYDROCARBON (SCH) With the plugging and abandonment of Hinto Energy, Inc., Sweetheart 7 (API 4301931420) on Febrary 19, 2017, ML 48933 terminated effective the same date. Upon recommendation of Mr. Tyson Todd, the Director approved the above-listed termination.

April 17, 2017 Page 6 **************************************************************************************************

S U R F A C E A C T I O N S ************************************************************************************************** GRAZING PERMITS GRAZING PERMIT NO. 22143-08 (PARTIAL NON-USE) To accommodate TA 829 and to allow for the herbaceous plant community to grow, the Agency is requiring Alfred Kearl & Sons Inc., c/o Stuart Wamsley, Box 67, Laketown, UT 84038, to take 19.5% non-use (100 AUMs) during 2017 and 2018. The permittee should be billed for 414 AUMs in 2017 and 2018. Cache and Rich Counties. School Fund. Upon recommendation of Mr. Scott Chamberlain, the Director approved the partial non-use for GP 22143-08. RIGHTS OF ENTRY RIGHT OF ENTRY NO. 6414 On March 29, 2017, Mr. Lou Brown, pursuant to R850-41-200, and in accordance with direction and delegation of authority, approved the request from David Kingham, Exploring Exposure LLC, 186 Rainbow Dr. #8692 Livingston, TX 77399, to occupy the following described trust land located within Iron County, for the temporary use of commercial filming.

Township 37 South, Range 12 West, SLB&M Section 36: (Within)

The usage assessment for this right of entry is $200.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $300.00. The permit begins on November 12, 2017, and expires November 12, 2017. School Fund. Iron County. Upon recommendation of Mr. Louis Brown, the Director approved the above described Right of Entry Permit No. 6414. RIGHT OF ENTRY NO. 6415 On May 30, 2017, Mr. Bryan Torgerson, Trust Lands Resource Specialist, pursuant to R850-41-200, and in accordance with direction and delegation of authority, approved the request of Rally on The Rocks, LLC, 2431 E. 3860 S., St. George, UT 84790, to occupy the following described trust land located within Grand and San Juan Counties to conduct a commercial UTV event, using existing Jeep Safari trails:

T21S, R16E, SLB&M Section 36: (Within) T22S, R16E, SLB&M Section 2: (Within) T22S, R17E, SLB&M Section 32: (Within) T22S, R19E, SLB&M Sections 15, 22, 23, 24: (Within)

April 17, 2017 Page 7

RIGHT OF ENTRY NO. 6415(CONTINUED) T22S, R20E, SLB&M Section 36: (Within) T22S, R21E, SLB&M Sections 32, 36: (Within) T22S, R22E, SLB&M Section 32: (Within) T23S, R17E, SLB&M Section 2: (Within) T23S, R19E, SLB&M Section 2: (Within) T23S, R20E, SLB&M Sections 33, 34: (Within) T23S, R21E, SLB&M Section 2: (Within) T23S, R22E, SLB&M Section 36: (Within) T23S, R23E, SLB&M Sections 2, 16, 32: (Within) T23S, R24E, SLB&M Sections 36: (Within) T23S, R26E, SLB&M Section 16: (Within) T24S, R18E, SLB&M Sections 32, 36: (Within) T24S, R19E, SLB&M Sections 16, 32: (Within) T24S, R20E, SLB&M Sections 2, 13, 14, 24, 25, 26, 35, 36: (Within) T24S, R22E, SLB&M Section 2: (Within) T24S, R24E, SLB&M Section 2: (Within) T25S, R18E, SLB&M Sections 2, 16, 36: (Within)

April 17, 2017 Page 8

RIGHT OF ENTRY NO. 6415(CONTINUED) T25S, R19E, SLB&M Sections 32, 36: (Within) T25S, R20E, SLB&M Sections 2, 16, 32, 36: (Within) T25S, R25E, SLB&M Section 35: (Within) T26S, R18E, SLB&M Section 2: (Within) T26S, R19E, SLB&M Section 2: (Within) T26S, R20E, SLB&M Sections 2, 16: (Within) T26S, R21E, SLB&M Sections 33: (Within) T26S, R22E, SLB&M Sections 6, 23, 24, 35: (Within) T26S, R25E, SLB&M Sections 2, 3, 4, 5: (Within) T27S, R20E, SLB&M Section 16: (Within) T27S, R21E, SLB&M Sections 3, 4, 5, 7, 8, 9: (Within) T27S, R22E, SLB&M Sections 1, 2, 12, 13, 16, 25, 26, 35: (Within) T27S, R23E, SLB&M Section 7, 8, 18: (Within) T28S, R20E, SLB&M Sections 2, 16, 36: (Within) T29S, R20E, SLB&M Section 36: (Within) T29.5S, R20E, SLB&M Section 36: (Within) T37S, R20E, SLB&M Section 16: (Within)

April 17, 2017 Page 9

RIGHT OF ENTRY NO. 6415(CONTINUED) T39S, R11E, SLB&M Section 36: (Within) T40S, R11E, SLB&M Section 2: (Within)

The usage assessment for this right of entry is $200.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $300.00. The permittee shall also pay to Trust Lands Administration the sum of 3% gross receipts, including, but not limited to: number of clients, number of client days, and percentage of time spent on trust land, or $4.00/per vehicle, whichever is greater, within 30 days of permit expiration date. Beginning date: May 16, 2017. Expiration date: May 20, 2017. Grand and San Juan Counties. School and USU Funds. This item was submitted by Mr. Bryan Torgerson for record-keeping purposes RIGHT OF ENTRY NO. 6425 On March 23, 2017, Mr. Bryan Torgerson, Trust Lands Resource Specialist, pursuant to R850-41-200, and in accordance with direction and delegation of authority, approved the request of the Red Rock 4-Wheelers, P.O. Box 1471, Moab, UT 84532, to occupy the following described trust land located within Grand and San Juan Counties to conduct the annual Jeep Safari and Labor Day events, using existing Jeep Safari trails:

T21S, R16E, SLB&M Section 36: (Within) T22S, R16E, SLB&M Section 2: (Within) T22S, R17E, SLB&M Section 32: (Within) T22S, R19E, SLB&M Sections 15, 22, 23, 24: (Within) T22S, R20E, SLB&M Section 36: (Within) T22S, R21E, SLB&M Sections 32, 36: (Within) T22S, R22E, SLB&M Section 32: (Within) T23S, R17E, SLB&M Section 2: (Within) T23S, R19E, SLB&M Section 2: (Within)

April 17, 2017 Page 10

RIGHT OF ENTRY NO. 6425(CONTINUED) T23S, R20E, SLB&M Sections 33, 34: (Within) T23S, R21E, SLB&M Section 2: (Within) T23S, R22E, SLB&M Section 36: (Within) T23S, R23E, SLB&M Sections 2, 16, 32: (Within) T23S, R24E, SLB&M Sections 36: (Within) T23S, R26E, SLB&M Section 16: (Within) T24S, R18E, SLB&M Sections 32, 36: (Within) T24S, R19E, SLB&M Sections 16, 32: (Within) T24S, R20E, SLB&M Sections 2, 13, 14, 24, 25, 26, 35, 36: (Within) T24S, R22E, SLB&M Section 2: (Within) T24S, R24E, SLB&M Section 2: (Within) T25S, R18E, SLB&M Sections 2, 16, 36: (Within) T25S, R19E, SLB&M Sections 32, 36: (Within) T25S, R20E, SLB&M Sections 2, 16, 32, 36: (Within) T25S, R25E, SLB&M Section 35: (Within) T26S, R18E, SLB&M Section 2: (Within) T26S, R19E, SLB&M Section 2: (Within)

April 17, 2017 Page 11

RIGHT OF ENTRY NO. 6425(CONTINUED) T26S, R20E, SLB&M Sections 2, 16: (Within) T26S, R21E, SLB&M Sections 33: (Within) T26S, R22E, SLB&M Sections 6, 23, 24, 35: (Within) T26S, R25E, SLB&M Sections 2, 3, 4, 5: (Within) T27S, R20E, SLB&M Section 16: (Within) T27S, R21E, SLB&M Sections 3, 4, 5, 7, 8, 9: (Within) T27S, R22E, SLB&M Sections 1, 2, 12, 13, 16, 25, 26, 35: (Within) T27S, R23E, SLB&M Section 7, 8, 18: (Within) T28S, R20E, SLB&M Sections 2, 16, 36: (Within) T29S, R20E, SLB&M Section 36: (Within) T29.5S, R20E, SLB&M Section 36: (Within) T37S, R20E, SLB&M Section 16: (Within) T39S, R11E, SLB&M Section 36: (Within) T40S, R11E, SLB&M Section 2: (Within)

The usage assessment for this right of entry is $200.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $300.00. The permittee shall also pay to the Trust Lands Administration the sum of 3% of gross receipts, based on number of clients, number of client days, and percentage of time spent on trust land, or $4.00/vehicle, whichever is greater, within 30 days of permit expiration date. Beginning date: April 8, 2017. Expiration date: September 15, 2017. Grand and San Juan Counties. School and USU Funds. This item was submitted by Mr. Bryan Torgerson for record-keeping purposes.

April 17, 2017 Page 12 RIGHT OF ENTRY NO. 6427 On March 27, 2017, Mr. Bryan Torgerson, Trust Lands Resource Specialist, pursuant to R850-41-200, and in accordance with direction and delegation of authority, approved the request of RW2 Productions, 1621 Locust St., Kansas City, MO 64108, to occupy the following described trust land located within San Juan County for commercial filming. T27S, R20E, SLB&M Sec. 16: (Within) The usage assessment for this right of entry is $300.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $400.00. San Juan County. School Fund. Beginning date: March 30, 2017. Expiration date: March 30, 2017. This item was submitted by Mr. Bryan Torgerson for record-keeping purposes. RIGHT OF ENTRY NO. 6428 On March 29, 2017, Mr. Lou Brown, pursuant to R850-41-200, and in accordance with direction and delegation of authority, approved the request from CW4 Andy Lovejoy, Utah National Guard, 7602 S. Airport Rd. West Jordon, UT 84084, to occupy the following described trust land located within Millard and Juab Counties for the temporary use of personnel training.

Township 14 South, Range 11 West, SLB&M Section 16: (Within) Township 19 South, Range 13 West, SLB&M Section 16: (Within) Township 19 South, Range 14 West, SLB&M Section 2: (Within) Township 21 South, Range 16 West, SLB &M Section 16: (Within) Township 20 South, Range 13 West, SLB&M Section 32: (Within) Township 21 South, Range 14 West, SLB&M Section 2: (Within)

The usage assessment for this right of entry is $600.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $700.00. The permit is for May 01, 2017 through May 09, 2017, a total of eight (9) days. School Fund. Millard and Juab Counties. This item was submitted by Mr. Lou Brown for record-keeping purposes.

April 17, 2017 Page 13 RIGHT OF ENTRY NO. 6429 On April 4, 2017, Mr. Gary Bagley, Resource Specialist, pursuant to R850-41-200 and in accordance with direction and delegation of authority, approved the request of the Sugarloafers Motorcycle Club, a Utah Nonprofit Corporation, c/o Mitch Underwood, President, 653 W 1850 S, Syracuse, UT 84075, to occupy the following described trust lands in Juab County, for the purpose of organized motorcycle races on a pre-determined course on existing roads and trails as reviewed and administered by the Bureau of Land Management. Only a small portion of the race course is on trust lands. The permit was issued for a one day period, April 22, 2017. The permittee is required to abide by the same rules and procedures established for the entire race course event and to the terms required in this permit. The permitted trust lands parcels involved in the motorcycle races include the following:

Township 11 South, Range 5 West, SLB&M

Section 26: Within the SE4SE4SE4 0.30 acres Section 32: Within the SW4 and S2NW4, 1.20 acres also Within the NE4NE4NE4

Township 11 South, Range 6 West, SLB&M Section 12: Within the NE4NE4 0.29 acres Section 36: Within the NE4NE4NE4 0.13 acres

Township 12 South, Range 6 West, SLB&M

Section 2: Within the NE4, and NE4NE4SE4 0.73 acres Section 16: Within the S2S2S2 1.22 acres Section 32: Within the N2 1.39 acres Township 12 South, Range 7 West, SLB&M Section 2: Within N2, SE4, SE4SE4SW4 2.61 acres Section 16: Within the W2W2 0.72 acres Consisting of 8.59 acres, more or less. Acreage is estimated based on a 10 foot width.

The route of the races is up to 10 feet in width and is depicted on a map in the permit file.

The majority of the route of the race is on federal lands, with only a small portion on trust lands. Any camping and staging areas are all on adjoining federal lands and shall not be included in this permit. The Bureau of Land Management ("BLM") has reviewed the entire race course and is approving its temporary permit, subject to approval of the permit on trust lands. The permittee has been notified of the provision of the right of entry permit, that the permittee shall have permission from the BLM, the lead agency for this project, for use of federal lands; otherwise this permit is not valid. The permittee has submitted proof of insurance with the State of Utah named as an additional insured. The fees and rental compensation include a $50.00 application fee, a $50.00 processing fee, plus a usage assessment of $350.00, totaling $450.00, which the applicant has submitted. The term of this permit: one day, April 22, 2017. Juab County. School Fund. This item was submitted by Mr. Gary Bagley for record-keeping purposes.

April 17, 2017 Page 14 RIGHT OF ENTRY NO. 6430 On April 5, 2017, Mr. Bryan Torgerson, Trust Lands Resource Specialist, pursuant to R850-41-200, and in accordance with direction and delegation of authority, approved the request of FCA US LLC, c/o Scott Brown, 4516 Yorkfield Court, Westlake Village, CA 91361, to occupy the following described trust land located within Grand & San Juan Counties for commercial filming: T26S, R21E, SLB&M Sections: 29, 30, 31 (Within) T27S, R21E, SLB&M Sections: 4, 5, 6, 7, 8, 9 (Within) The usage assessment for this right of entry is $550.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $650.00. Grand & San Juan Counties. School Fund. Beginning date: April 8, 2017. Expiration date: April 10, 2017. No filming will take place on April 9, 2017. This item was submitted by Mr. Bryan Torgerson for record-keeping purposes. RIGHT OF ENTRY NO. 6431 On March 29, 2017, Mr. Lou Brown, pursuant to R850-41-200, and in accordance with direction and delegation of authority, approved the request from Native Pictures, 1050 North Orange Drive, Los Angeles, CA 90038, to occupy the following described trust land located within Kane County for the temporary use of commercial filming.

Township 41 South, Range 7 West, SLB&M Section 32: (Within)

The usage assessment for this right of entry is $1,350.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $1,450.00. The permit begins on April 21, 2017, and expires April 23, 2017. School Fund. Kane County. This item was submitted by Mr. Lou Brown for record-keeping purposes. RIGHT OF ENTRY NO. 6432 On April 5, 2017, Mr. Lou Brown, pursuant to R850-41-200, and in accordance with direction and delegation of authority, approved the request from Brook Laland, 225 Liberty Street, New York City, NY 1021-1048, to occupy the following described trust land located within Kane County for the temporary use of commercial filming.

Township 43 South, Range 2 East, SLB&M Section 20: (Within)

The usage assessment for this right of entry is $200.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $300.00. The permit begins on April 14, 2017, and expires April 14, 2017. School Fund. Kane County. This item was submitted by Mr. Lou Brown for record-keeping purposes.

April 17, 2017 Page 15 RIGHT OF ENTRY NO. 6434 (APPROVAL) On April 10, 2017, the School and Institutional Trust Lands Administration received an application from ATW Tours, Inc., P.O. Box 12493, Denver, CO 80212, to occupy all trust land located within the State of Utah, except for those lands subject to existing leases or permits which grant access control, and those lands that have been withdrawn or may be withdrawn by order of the Director, to conduct commercial tours for a one-year term. The usage assessment for this right of entry is $200.00, plus a $50.00 application fee, and a $50.00 processing fee, totaling $300.00. Beginning date: January 1, 2017. Expiration date: December 31, 2017. Funding: School = 96.72%, USU = 0.83%, Deaf = 0.16%, USH = < 0.01%, Blind = 0.01%, MH = 0.17%, NS = 0.16%, PB = < 0.01%. SYDC = < 0.01%, RES = 1.25%, SM = 0.21%, UNIV = 0.48%. Upon recommendation of Ms. Tamra Colyar, the Director approved Right of Entry No. 6434 for a one-year term. **************************************************************************************************

D E V E L O P M E N T A C T I O N S ************************************************************************************************** RIGHT OF ENTRY 6420- WASHINGTON CITY – WORCS ROUND 7 SAND HOLLOW RACE THE FOLLOWING RIGHT OF ENTRY HAS BEEN EXECUTED: RIGHT OF ENTRY NO.: 6420 PROJECT: Sand Hollow Reservoir PROJECT CODE: SANDH 000 00 000 000 PROJECT MANAGER: Kent Page COUNTY: Washington FUND: School COMMENCEMENT DATE: April 10, 2017 TERM: 14 Days FEES: $350.00 GRANTEE: OFF ROAD SPORTS LLC 1227 West 4370 South Hurricane, UT 84737 DESCRIPTION OF TRANSACTION: The Grantee has paid $50.00 in application fees, and a $300.00 fee for the right to occupy the land described below for the purpose of conducting an ATV, motorcycle, SXS off-road racing event on existing trails only. Route arrows, cairn markers and survey stakes/tape maybe used to mark the route. Grantee agrees to be careful when installing and removing tape, etc. so to not damage any bushes or other landscaping or improvements. The Grantee agrees to ensure that all equipment stays on the existing trails within the Permitted Property. The Grantee will require all of the race participants to sign waivers releasing the Trust Lands Administration and the Grantee from accident liability. Furthermore, the Grantee agrees to keep the permitted property in pristine condition by ensuring that all participants in the race pack out anything that was packed in. The right of entry starts on April 10th, 2017 to set up trail markers, while the race takes place April 17th through the 24th. Grantee has until May 1st to remove any Trail Markers from the race area. At the expiration of this Agreement, Grantee agrees to pay Grantor additional funds based on revenue derived from the right of entry.

April 17, 2017 Page 16 RIGHT OF ENTRY 6420- WASHINGTON CITY – WORCS ROUND 7 SAND HOLLOW RACE(CONTINUED) LEGAL DESCRIPTION:

Township 42 South, Range 14 West, SLB&M Section 36: Within Contains 0.48 acres more or less Township 43 South, Range 14 West, SLB&M Section 2: Within Contains 3.16 acres more or less Contains 3.64 acres, more or less.

The legal descriptions above have been reviewed by the GIS Group. Upon recommendation of Mr. Kent Page, the Director approved Right of Entry No. 6420. DEVELOPMENT SALE-FORT PIERCE INDUSTRIAL (C-26718) THE FOLLOWING SALE HAS BEEN EXECUTED AND A PATENT ISSUED FOR FORT PIERCE BUSINESS PARK: CERTIFICATE OF SALE NO.: 26718 CERTIFICATE/DATE OF SALE: March 24, 2017 PATENT NO.: 20463 PATENT DATE: February 14, 2017 PROJECT: Fort Pierce Industrial PROJECT MANAGER: Kyle Pasley PROJECT CODE: FPIND 001 00 000 000 FUND: School SALE PRICE: $214,920.00 BUYER:

Stewart Bringhurst And Kelly A. B. Bringhurst 503 Pimlico Drive St. George, UT 84790

DESCRIPTION OF TRANSACTION: This sale has been made pursuant to the Operating Agreement for Ft. Pierce Business Park, L.C. of which LGJ,

L.C. and the Trust Lands Administration are the sole members (DEVL 21). According to this agreement LGJ, LC manages the venture and contributes 25% of the capital for the infrastructure improvements and the Trust Lands Administration contributes the land. At the closing of each sale, the Trust Lands Administration issues a patent and the proceeds of the sale are paid to Ft. Pierce Business Park, L.C., for distribution to its members. After deduction of approved operating costs and reserves, 70% of the proceeds are distributed to the Trust Lands Administration, while LGJ, LC receives 30%. LEGAL DESCRIPTION OF SALE PARCEL:

Township 43 South, Range 15 West, SLB&M Within Section 20

April 17, 2017 Page 17 DEVELOPMENT SALE-FORT PIERCE INDUSTRIAL (C-26718)(CONTINUED) Beginning at a point North 1°10’51” East 462.50 feet along the Section Line and North 90°00’00” East 40.24 feet from the West 1/4 Corner of Section 20, Township 43 South, Range 15 West, Salt Lake Base and Meridian and running thence North 51°51’55” East 392.70 feet; thence South 42°54’20” East 169.73 feet; thence South 47°05’40” West 338.03 feet on a radial bearing to a point on a 60.00 foot radius curve to the left, thence Northwesterly on a long chord bearing of N 67°59’11” W 50.87 feet and through a central angle of 50°09’42” and 52.53 feet along the arc of said curve to the point of a 50.00 foot radius reverse curve to the right; thence Northwesterly through a central angle of 41°00’52” and along the arc of said curve 35.79 feet to a point of tangency; thence North 52°03’10” West 50.75 feet to the point of a 500.00 foot radius curve to the right; thence Northwesterly through a central angle of 8°43’15” and along the arc of said curve 76.10 feet to the point of beginning. Containing 1.592 acres, more or less MINERAL RESERVATIONS:

Excepting and reserving to the State of Utah, for the benefit of the State and its successors in interest, assigns, permittees, licensees and lessees from time to time, all coal and other mineral deposits (and subject to any prior reservation of minerals, including oil and gas, to the United States), along with the right for the State or other authorized persons to prospect for, mine, and remove the deposits, provided that any such prospecting for, mining or removal of its portion of mineral deposits shall occur laterally and not from the surface of the Property and that subsurface support of the Property shall be retained; also,

SURFACE RESERVATIONS:

Excepting and reserving to the State of Utah and its assigns: a 15.00 foot wide utilities and drainage easement along the Southwesterly Boundary line fronting Mill Circle and 10.00 foot wide utilities and drainage easement along the Northeasterly, Southeasterly and Northwesterly Boundary lines also,

Subject to any valid, existing rights of way of any kind and any right, interest, reservation or exception appearing of record, and subject also to all rights of way for roads, ditches, canals, tunnels, telephone and transmission lines that have been or may be constructed by the United States as provided by statute; also, Subject to the Effect of the Covenants, Conditions and Restrictions recorded May 11, 1999, as Entry No. 646930, in Book 1333, at Pages 1234-1244, and Declaration of Annexation thereto recorded December 28, 1999, as Entry No. 671704, in Book 1355, at Pages 2295-2296, and Amendment thereto recorded April 5, 2002, as Entry No. 760033, in Book 1459, at Pages 2588-2593, and Second Amendment thereto recorded June 3, 2002, as Entry No. 767360, in Book 1468, at Pages 1358-1370, and Third Amendment thereto recorded June 10, 2005, as Entry No. 950528, in Book 1753, at Pages 1497-1518, and Fourth Amendment thereto recorded May 2, 2006, as Document No. 20060017587, Fifth Amendment thereto recorded May 19, 2015, as Document No. 20150016847, and Declaration of Annexation thereto recorded May 19, 2015, as Document No. 20150016846, Official Washington County Records (affects this and other property). This item was submitted by Alexa Wilson for record-keeping purposes.

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A C T I O N S C O N T A I N I N G F E E W A I V E R S ************************************************************************************************** ACTIONS CONTAINING FEE WAIVERS TIMBER SALE NO. 872 (FEE WAIVER) On March 30, 2017, Thompson Logging, P.O. Box 863, Kamas, Utah 84036, submitted a payment in the amount of $16,569.00, representing payment of their final installment for Timber Sale No. 872 (TA 872). Due to a miscommunication between the Agency and Thompson, there was some confusion over whether this final installment payment had been previously made or if it was in fact still due. After the matter was clarified, Thompson submitted the required payment and requested that the late fee in the amount of $1,656.90 which had been incurred be waived. Rich County. School Fund. Upon recommendation of Mr. Chris Fausett, the Director approved the fee waiver request. **************************************************************************************************

T R U S T A C C O U N T I N G A C T I O N S ************************************************************************************************** REFUND OF PAYMENTS SITLA entered a contract with Davis, Graham & Stubbs to handle litigation in the case of Rocky Mtn Wild v Walsh. The costs associated with this contract were to be split equally between SITLA, Uintah County and the Public Lands Policy Coordination Office (PLPCO). An initial invoice in the amount of $34,000.00 was paid December 1, 2016 with Uintah County and PLPCO each being billed $11,333.33 for their share. Check number 344345 from Uintah County was received on January 5, 2017. A second payment in the amount of $10,768.56 was made to Davis, Graham & Stubbs on March 14, 2017. Uintah County and PLPCO were subsequently invoiced for their share of that cost in the amount of $3,589.52 each. Uintah County remitted check number 346182 in the amount of $14,922.85 which included payment for the first invoice and the second. Upon recommendation of Ms. Schneider a refund in the amount of $11,333.33 should be made to Uintah County. INTEREST RATES Following are the current and past year prime rates: CURRENT YEAR: 4.00% ONE YEAR AGO: 3.50% Separately, a late penalty of 6% or $30, whichever is greater, shall be charged after failure to pay any financial obligation, excluding royalties as provided in R850-5-300(2), within the time limit under which such payment is due. Interest on delinquent royalties shall be based on the prime rate of interest at the beginning of each month, plus 4%.