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<br />hir, ken Churches <br />Ravenwood Coal Company' <br />Page 2 of 2 <br />October 9, 1979 <br />As a fee for the use of this water, Ravenwood shall pay $1,000.00 upon <br />acceptance of this letter agreement, and a like $1,000.00 on each succeeding <br />anniversary date. <br />The term of this agreement shall be for Five years from the date of exe- <br />cution and may be extended for an additional five-year term, upon Ravenwood's <br />written notice of intent to extend given to CF&I not later than 30 days prior <br />to the expiration of the basic term, <br />If the above terms and conditions are acceptable, please sign the ac- <br />ceptance sentence below and return the original copy to me, retaining the <br />duplicate copy for your record. <br />Very truly yours, <br />~Ra ph W. Adkins <br />Director, Water Operations <br /> <br />ACCEPTID this l1%' day/of O~~ober, 1979. <br />'i~ •^• - <br />Ken Churches, President " <br />Ravenwood Coal Company <br />~~ 38 <br /> <br />