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a <br />f. H-G .COAT. COMPANY <br />Stapleton Plaza <br />i • 3333 Quebec Street <br />Suite 8800 <br />Denver, Colorado 80207 <br />(303) 399-0779 <br />April S, 1978 <br />~_ JOO_Oi/. 00 <br />Mr. and Mrs. Robert W. Reubendale <br />17512 Southwest Lake Haven Drive <br />Lake Oswego, Oregon 97034 <br />SUBJECT: Our File 1-300-011.00, Coal Mining Lease <br />Dear Mr. and Mrs. Reubendale: <br />You ("Reubendale") as lessor and we ("H-G") as assignee <br />of W.R. Grace & Co., the original lessee, are parties to <br />that certain Coal Mining Lease entered into as of December 31, <br />1977, and recorded on February 3, 1978 in Book 446 at <br />page 612~and rerecorded on February 13, 1978 in Book 447 at <br />page 180 of the real property records of Routt County, <br />Colorado (the "Lease"). Under the terms of paragraph 3 of <br />the Lease, we are obligated to pay a minimum monthly royalty <br />of $200 during the term of the Lease, payable on or before <br />the 5th day of each month. The purpose of this Lease is to <br />formalize the Agreement between us to amend the minimum <br />royalty provisions of the Lease for the convenience of both <br />of us, so as to provide for minimum royalty payments on an <br />annual, rather than monthly, basis. Therefore, upon your <br />acceptance and execution of this Lease in the space provided <br />below, the Lease shall be amended to provide that commencing <br />with the minimum royalty payment due on or before August 5, <br />1978, and on or before each succeeding August 5th during the <br />term of the Lease, H-G shall pay a minimum annual royalty of <br />52,400. Further, the reference in the second sentence of <br />paragraph 3 of the Lease to "the 5200 minimum monthly <br />royalty payments" shall be amended to read "the S~,anO <br />minimum annual royalty payments", and the reference in <br />paragraphs 4 and 6 (f) of the Lease to "minimum monthly <br />royalties" shall be amended to read "minimum annual royalties". <br />Under paragraph 13 of the Lease, you will continue to <br />be entitled to your 1/2 interest of all payments of minimum <br />annual royalty. Your fractional interest of the minimum <br />annual royalty will be mailed annually to your attention at <br />the address set out in paragraph 13 of the Lease. <br /> <br />