Laserfiche WebLink
ASSIGNMENT OF AND AMENDMENT TO EXPLORATION AND PROSPECT <br />DRILLING AGREEMENT <br />Made as of this /O//Iday of December, 2008 ("Effective Date") <br />This ASSIGNMENT OF AND AMENDMENT TO EXPLORATION AND <br />PROSPECT DRILLING AGREEMENT ("Assignment and Amendment"), is made <br />by, between, and among WILTON EARLE & SONS, with an address of 531 4th <br />Ave., Craig, CO 81625-3303 ("LICENSOR") and COLORADO COAL <br />RESOURCES, LLC with an address of 701 Market Street, Ste. 832, St. Louis, <br />MO 63101 ("LICENSEE") and SAGE CREEK HOLDINGS, LLC with an address <br />of 701 Market Street, Ste. 801, St. Louis, MO 63101 ("ASSIGNEE"). LICENSOR, <br />LICENSEE, and ASSIGNEE may be referred to individually as "Party" or together <br />as "Parties". In consideration of the sum of $10.00, the receipt of which <br />LICENSOR hereby acknowledges, and in further consideration of the mutual <br />covenants set forth below, LICENSOR and LICENSEE agree as follows: <br />1. LICENSOR and LICENSEE entered into an Exploration and Prospect <br />Drilling Agreement dated July 16, 2008 ("Agreement") covering the drilling <br />of exploration holes at five (5) sites on LICENSOR'S Property in T5N, <br />R87W, Sections 4, 5, 8 and 9, the term of which agreement expires on <br />December 31, 2009. <br />2. LICENSOR ANS LICESEE entered into an Amendment to Exploration and <br />Prospect Drilling Agreement dated effective October 10, 2008 <br />("Amendment") covering the same property as set forth in paragraph 1 <br />above. <br />3. LICENSEE hereby assigns its interests in the Agreement, as amended by <br />Amendment, to SAGE CREEK HOLDINGS, LLC and by signing below, <br />SAGE CREEK HOLDINGS, LLC agrees to accept all of such interests and <br />assume the obligations of LICENSEE in all respects under the Agreement, <br />as amended by Amendment, and LICENSOR consents to such <br />assignment. By signing below, SAGE CREEK HOLDINGS, LLC shall be <br />LICENSEE for all purposes under the Agreement, as amended by <br />Amendment effective as of the dated first written above. <br />4. LICENSEE and LICENSOR desire to further amend the Agreement to <br />provide that any future and/or additional drill holes may be drilled at any <br />location on the property subject to the Agreement as amended by <br />Amendment and subject further to LICENSEE and LICENSOR agreeing to <br />the location of such drill holes and access to such drill hole sites. Specific <br />drill holes are referenced as ccu044, ccu048, and ccu038 on the map <br />attached hereto. <br />Except as herein assigned and amended by this Assignment and <br />Amendment, all other terms and provisions of the Agreement, as amended by <br />Amendment and as amended herein shall remain in full force and effect.