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i <br /> COTTONWOOD LAND COMPANY 1475 Pine Grave Road.Suite 207 <br /> Stiamboat Springs,Colorado 80 4 8 7-8801 <br /> (970)870.8733 <br /> 008 <br /> April 28, 1998 Fax(970)870.9 <br /> Michael Tway Smith <br /> P.O. Box 2911 <br /> Church Street Station <br /> New York, NY 1008-2911 <br /> RE: Payment To Extend Surface Use Agreement For 1998 <br /> Dear Mr. Smith:: <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 # 1528 in the <br /> amount of One Hundred Sixty One Dollars (S161.00). In the near future I will be mailing <br /> you an additional check to pay for the actual activities to be conducted on your property <br /> this summer (core drilling, seismic lines, water monitoring wells) in the amounts agreed <br /> 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) 870-8733. 1 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 of this payment. Thank you. <br /> Sincerely, <br /> Thomas B. Petroskv <br /> Manager-Land <br /> Enclosures <br /> Michael Tway Smith <br /> 82-25871021 1528 <br /> COTTONWOOD LAND COMPANY 4210034es3 <br /> 1475 PINE GROVE RD., STE. 207 <br /> STEAMBOAT SPRINGS, CO 80487 <br /> DATE <br /> e' PAY TO THE ORD /�/ C� $ /// OO 1, <br /> EROF �_.y� 6 <br /> com <br /> munity National <br /> 8&* First <br /> Jf5liimin Mc.•P.O.a T)58 <br /> Stec) SV^^N CV tlerT/ <br /> X'* " <br /> M EMO,98 a�VJ� KtiT�/y /LG���/ _ M <br /> 4 10 2 10 2 Sr. 31: 0L, 2 100 3 4 5 5 311' 1528 <br />