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COTTONWOOD LAND COMPANY 1475 Pine Grove Road,Swle 207 <br /> Steamboat Springs,Colorado 80487 8 801 <br /> (970)870 8733 <br /> April 28, 1998 Fax(970)870 900fi <br /> Frankie T. Hudson <br /> P.O. Box 56 <br /> Bostic,NC 28108 <br /> RE: Payment To Extend Surface Use Agreement For 1998 <br /> Dear Ms. Hudson: <br /> In order to extend our Surface Use Agreement to continue our coal exploration <br /> work for an additional year, enclosed is Cottonwood Land Company check R 1531 in the <br /> amount of One Hundred Twenty Dollars (S120.00), representing your 1/2 interest in the <br /> property. I have mailed another check to your sister for her 1/2 interest in the property. In <br /> the near future I will be mailing you both additional checks to pay for the activities to be <br /> conducted on the property this summer (core drilling. seismic lines, water monitoring <br /> wells) in the amounts agreed upon in your Surface Use Agreement. <br /> If you have any questions regarding this payment or our proposed exploration <br /> work please call me at (970) 870-873.) I have sent you duplicate copies of this letter for <br /> you to sign one, below. and return it to me in the enclosed self-addressed envelope as our <br /> receipt <br /> Sincerely. <br /> Thomas B. Petrosky <br /> Manager-Land <br /> Enclosures <br /> Frankie T. Hudson <br /> ir <br /> 82-258/102t 1531 <br /> COTTONWOOD LAND COMPANY 4210034553 <br /> 1475 PINE GROVE RD.. STE. 207 <br /> �r STEAMB E 99 r <br /> ORDER OF E d�JV L+ /�4 L $ 1'e0. OO <br /> ,w -DOLLARS 8=—=I-._ <br /> COrnmumty First t <br /> A National Bank 9 <br /> /l/L- 111 Lemin w..•aQ au TP.9N 9J <br /> VV Siumbwr$yMM1 C9 tliMT t' 6a e�191u1 an�w0 �/y%w T• �//// i' <br /> MEMO /"f/I /�4-0.ZB <br /> C%/ .�IIi 6•I`f !<?• y__ a• '� <br /> I: 102102S631: 112L. 2L0034S53V LS3L / <br />