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<br />payments and, if oil, gas or other minerals are developed by Durango shall include the <br />net profit from such development. <br />2.2 Additional Advance Payments shall be payable by Durango as follows: <br />a. $32,000.00 upon execution of this sublease and $200,000.00 by August <br />25, 1984. <br />b. The following listed debt shall be paid by Durango as cash flow permits <br />Durango to pay: <br />1. Nelson, Hawkins, Groves & Painter $54,704.00 <br />2. Parcel do Meyers $34,066.00 <br />3. Sherman 6c Rhodes $ 1,800.00 <br />4. Holstrom 6c O'Conner $12,400.00 <br />5. Cate Law Firm $ 6,000.00 <br />6. L 8c P Partnership $140,000.00 <br />7. David L. Moonie $ 8,000.00 <br />8. Expenses (credit cards, travel, <br />office costs) $19,000.00 <br />2.3 Arness assigns to Durango its prepaid royalty accounts receivable of <br />approximately $570,000.00 for assuming the debts of Arness. <br />2.4 1n the event Durango assigns, sells, transfers or conveys all or any portion <br />of the Sublease it must first have the written approval of Arness, except to a Partnership, <br />or Corporation which shall Joint Venture development of the properties. <br />2.5 "Gross Proceeds of Mining" shall be the actual amount received at the mine <br />site from the sale of coal mined less severance, sale and use taxes paid by Durango, <br />3 <br />