Laserfiche WebLink
• forth herein, the parties hereby agree as follocrs: <br />1. Lillylands consents to the designation of Spottswood <br />as the successor in interest to Canyon under the <br />Agreement. <br />2. Lillylands hereby transfers, conveys, sets over and <br />assigns to Spottswood all of its right, title, and <br />interest into and under each of the Coal Leases <br />e;:cept as specifically addressed in paragraph 3 of <br />this assignment. Spottswood hereby accepts such <br />transfer and assignment and hereby assumes and agrees <br />to perform all of the duties and obligations of the <br />Lessee under each of the Coal Leases from and after <br />the date hereof. <br />3. Lillylands and Spottswood agree that paragraph (3) <br />of the Agreement shall be and hereby is modified so <br />as to establish the earned royalty rate at the greater <br />• <br />4. Spottswood agrees to pay <br />5. Spottswood agrees to honor the Addendum A-1 dated <br />October _~_ 1991, contained in the Roy M. and <br />Betsy Davis Lease dated February 22, 1988, and the <br />Addendum A dated October /~1 1991 contained in <br />the William Bray'Lease dated March 3, 1989. <br />6. Spottswood agrees to assume responsibility in all agree- <br />ments that have been made by Lillylands to comply <br />with permit requirements and access options. <br />• <br />2 <br />