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PARCEL & MAURO <br />.TT OPrvfvS .T ~~w <br />SViiE ]e00 <br />~e0i Uvro apq SiaEEi <br />o zrvv Ea,co~oa.oo eoxoz <br />+e~zerv orvc um~ zun e•oo <br />iuecoP„aac.*ioe5 uav zne~nn <br />RICHARD F. MAURO re~cc Oa~Ea ~]o]I ZOS~]o•o <br />April 16, 1986 <br />Mr. Harlen R. Ainscouqh <br />Panorama Resource Services, Inc. <br />909 - 19th Street <br />Suite 515 <br />Denver, Colorado 80202 <br />Dear Harlen: <br />This letter is written to confirm our understanding that <br />our client, Sundance Coal Company, will engage Panorama's services <br />to act as its consultant concerning Sundance Coal Company <br />matters. It is understood that Panorama will perform all services <br />necessary to administer the maintenance of the Sundance Coal <br />Company mine and properties, including dealing with the Mine Land <br />Reclamation Department. Your flat fee for these services will be <br />$1,500.00 per month. <br />It is further agreed that the consulting arrangement <br />between Panorama and Sundance Coal Company will continue on a <br />month-to-month basis until either party gives notice of its intent <br />to terminate such arrangement. In addition to the payment of <br />$1,500.00 per month to Panorama for consulting services, Sundance <br />Coal Company will reimbucse you for your reasonable out-of-pocket <br />expenses, not to exceed $300.00 in any one month without prior <br />written approval of an authorized representative of Sundance Coal <br />Company. <br />