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i =` <br />~: <br />J ADDENDUM TO MINING LEASE <br />DOUGLAS R. KERRIGAN, d/b/a "Lessor" <br />KERRIGAN BROTHERS <br />Penrose, Colorado <br />R.E. MONKS CONSTRUCTION CO. "Lessee" <br />P.O. Box 25579 <br />Colorado Springs, CO 80936 <br /> <br />THIS ADDENDUM TO MINING LEASE made and entered into this <br />12th day of Aueust , 1985 by and between the <br />Lessor and the Lessee. The parties hereby agree as follows: <br />1. The following shall be added as Paragraph 2.5 to the <br />existing Mining Lease dated June e, 1984, a copy of which is <br />attached hereto, as follows: <br />2.5. Due to reasons of expediency, it is agreed between <br />__ the. parties that reports concerning royalty oavments will <br />be conveyed by the Lessor to the Lessee on a quarterly <br />basis as follows: <br />1st Quarter (January - March) April 20th <br />2nd Quarter (April - June) July 20th <br />3rd Quarter tJuly - September) October 20th <br />4th Quarter (October - December) January 20th <br />2. In all other respects, the Mining Lease dated June 8, <br />1985 by and between the parties hereto is reincorporated and <br />readopted as if fully set forth herein. <br />LESSOR: <br />.., <br />BROTHERS <br />' LESSEE: <br />~'- R.E. MONKS CONSTRUCTION CO. <br />a n //~ <br />RaBERT E. MONKS, President <br />ATTEST: <br />`r <br />MI AEL A. HOEFLER <br />As istant Secreta <br />~' <br />i~ <br />EXHIBIT <br />R 3 <br />' ~u.ar~n wrrwa~en <br />