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W. R. GRACE & CO. <br />MINING DIVISION <br />STAPLETON PLAZA <br />3333 OUEBEC STREET, SUITE 8800 <br />• DENVER. COLORADO e0207 <br />13031 3DD-077D <br />December 18, 1984 <br />CERTIFIED MAIL <br />RETURN RECEIPT <br />Mr. Robert I3. Gleason <br />Mt. Aarris Coal Co. <br />P.O. Box 2857 <br />Steamboat Springs, Colorado 80477 <br />RE: Our File AF 1-600-19, Lease Agreement Dated May 15, 1979, Between <br />W. R. Grace S Co. and Mt. Aarris Coal Company, as Amended By Letter <br />Agreement Dated June 29, 1983 <br />Dear Mr. Gleason: <br />• In regard to your letter dated December 4, 1984, W. R. Grace S Co. <br />is sympathetic to the difficulties of coal producers under the present <br />mazket conditions. Therefore, as Lessor under the above captioned Lease <br />Agreement, W. R. Grace & Co. would be willing to amend paragraph 3 of the <br />Lease Agreement dated May 15, 1979, as amended by Letter Agreement dated <br />June 29, 1983, to read as follows: <br />3. Rent. Concurrent with execution of this letter, Lessee agrees <br />to pay Lessor a rental payment of $10,000 as the semi-annual rental <br />payment which was due November 15, 1984. Lessee further agrees to <br />pay Lessor a rental of $20,000 for the final lease year, one-half <br />($10,000) to be paid on or before May 15, 1985 and one-half ($10,000) <br />to be paid on or before November 15, 1985. All payments shall be <br />made at the address set out in paragraph 11 or at such other address <br />as Lessor may by notice designate to Lessee. <br />All other terms and conditions of the Lease Agreement, as amended, <br />shall remain the same. <br />J <br />• <br />