0
XXXXXXX 00.00
Xxxxxx Xxxxxx Exploration, Inc.
0000 Xxxxxxxx, Xxxxx 0000
Xxxxxx, Xxxxxxxx 00000
Xxxxxx Mineral Group, Inc.
0000 Xxxxxxxx, Xxxxx 0000
Xxxxxx, Xxxxxxxx 00000
Re: Cost and Expense Sharing Agreement
Gentlemen:
On May 18, 2000, we entered into an agreement extending the
term of our Executive Employment Agreement with Xxxxx X. Xxxxxx (the "Xxxxxx
Employment Agreement") through August 6, 2001. We note that the term of the Cost
and Expense Sharing Agreement dated August 7, 0000 (xxx "XXXX") xxxxxxx Xxxxxx
Xxxxxx Exploration and Xxxxxx Mineral Group, Inc. has a term that is coextensive
with the term of the Xxxxxx Employment Agreement. Please execute a copy of this
letter in the space provided below to acknowledge our agreement that the CESA
will continue in effect through the extended term of the Xxxxxx Employment
Agreement.
Yours truly,
United States Exploration, Inc.
By: /s/ Xxxxx X. Xxxxxx
--------------------------------
Date: 12/21/00
-------------------------------
Acknowledged and agreed:
Xxxxxx Mineral Group, Inc.
By: /s/ F. Xxxxxxx Xxxxxx
--------------------------------
Date: 12/21/00
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