AMENDMENT #3 OF
JOINT EXPLORATION, DEVELOPMENT AND OPERATING AGREEMENT
This Amendment #3 of the Joint Exploration, Development and Operating
Agreement between RAG Wyoming Land Company ("RAG") and Hi-Pro Production, LLC
("Hi-Pro") is entered into this ____ day of _______________, 2002.
WITNESSETH, that:
WHEREAS, RAG and Hi-Pro have entered into a Joint Exploration, Development
and Operating Agreement for the Development and Production of Coalbed Methane
Gas effective June 15, 2000, (the "Agreement"); and
WHEREAS, Exhibit "C" to the Agreement sets forth the legal description of
the lands covered by the Agreement and the parties have previously amended the
Agreement by Amendments #1 and #2; and
WHEREAS, the parties desire to amend and replace Exhibit "C" to the
Agreement.
NOW, THEREFORE, in consideration of the premises, and of the mutual
promises and covenants contained herein, and for good and valuable
consideration, the receipt and sufficiency of which is hereby mutually
acknowledged, the parties agree as follows:
1. That Exhibit "C" to the Joint Exploration, Development and Operating
Agreement between the parties dated June 15, 2000, is hereby amended and
replaced with the amended Exhibit "C", attached hereto.
2. The parties further agree that all other terms, provisions and
covenants of the Agreement, as amended, shall remain unchanged.
IN WITNESS WHEREOF, the parties have caused this Amendment #3 to be
executed by their respective representatives as of the date first above written.
HI-PRO PRODUCTION, LLC
BY: _____________________________
AUTHORIZED MEMBER
RAG WYOMING LAND COMPANY
BY: _____________________________
AUTHORIZED OFFICER
