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<br />DURANGO COAL COt4PAtlY <br />- PEERLESS RESOURCES, ICIC. <br />5528 Indian Rock Road <br />Salt Lake City, Utah 84117 <br />February 21, 1985 <br />Joseph E. Meyer III, Esq. <br />Parcel, Meyer, Schwartz, Ruttum ~ Mauro <br />Professional Corporation <br />1801 California Street <br />Denver, Colorado 80202 <br />Richard L. Emmett; Esq. <br />900 Main Avenue <br />P.O. Box 458 <br />Durango, Colorado 81301 <br />Re: Settlement Agreement between Ken tlcGriffin <br />and Sam Arness and Arness-MCGriffin Coal <br />• Company <br />Dear Mr. tteyer and t9r. Emmett: <br />I have reviewed a copy of the settlement agreement <br />executed by Messrs. McGriffin and Arness on February 20, 1985. <br />On behalf of Durango Coal Company and Peerless Resources, Inc., <br />I hereby consent to execution and delivery by Arness-McGriffin <br />Coal Company of the assignment and deed of trust described in <br />that settlement agreement. <br />Very truly yours, <br />DURANGO COAL COMPANY <br />By: <br />L.'DAle Larsen, President <br />PEERLESS R//ESOURCES, INC. <br />By: ~- ~/ <br />L. Dale Larsen, President <br />