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<br /> <br /> <br /> <br /> <br />NOW, THEREFORE, for and in consideration of the sum of ten <br />,. She ~_''y~ s,~-' ~ Mir.' ~.~ %~i! ~w /i:..: +l <br />1 , .: <br /> <br />,... ~~ .. <br /> <br />dollars and other good and valuable considerations, the parties <br />hereto hereby agree as follows: <br />1. That the period of said COAL MINING LEASE, as set forth <br />therein and as previously extended 6y said COAL MINE LEASE EXTENSION, <br />shall be and is hereby extended to cover an additional 5 years, <br />and unless otherwise terminated under the provisions of said COAL <br />MINING LEASE and said COAL MINE LEASE EXTENSION, the lease period <br />shall terminate July 1, 1990; <br />2. That lessee shall pay lessors, as royalty for all coal <br />extracted from the leased premises, a sum equal to 48 of the gross <br />sales of such coal. Said royalty payments shall be made by lessee <br />to lessors on or before the 15th day of each and every calendar <br />month during the period of this lease, as extended by said COAL <br />MINE LEASE EXTENSION and this Agreement, for all sales of such <br />coal extracted during the preceeding calendar month; provided, how- <br />, ever, that the minimum annual royalty to be paid during any calen- <br />dar year of tho le ace pcrio3, and extensions thereof, ehall be <br />~ S ['/ <br />. not less than the sum of $-2~; 500:-0O.~R JAll said monthly royalty pay- <br />ments shall be credited toward said minimum annual royalty, and <br /> <br /> <br /> , <br /> ~ <br /> <br /> <br /> <br />`~+ew.^kJifYF-li~yursw:~•:* zn.G r:: <br />:`'• <br />~s. <br />any amount owed on the minimum annual royalty shall be paid to <br />lessors on or before January, 15th of the calendar year first suc- <br />ceeding the calendar year during which such minimum annual royalty <br />accrued. <br />3. That, except as amended or extended hereby, all other <br />terms and conditions as set forth in said COAL MINING LEASE and <br />COAL MINE LEASE EXTENSION are hereby ratified and confirmed by <br />the parties hereto; <br />4. That the terms and conditions of this Agreement shall be <br />binding upon and inure to the benefit of the parties hereto and <br />their heirs, devisees, personal representatives, successors in <br />interest and assigns. <br />IN WITNESS WHEREOF, the parties hereto have hereunto set their <br />- 10 - <br />