AMENDMENT TO SETTLEMENT AGREEMENT
THIS DOCUMENT AMENDS THE SETTLEMENT AGREEMENT ("Settlement Agreement")
concerning disputes arising from an April 17, 1999 Asset Purchase Agreement,
which Settlement Agreement was executed by and between:
a. Crown Asphalt Products Company, a Utah corporation,
Crown Energy Corporation, a Utah corporation;
(collectively "Crown")
b. Asphalt Supply and Service, Inc., a Montana
corporation ("ASSI");
c. Inoco, Inc., a Montana corporation ("Inoco");
d. Interstate Asphalt Company, a North Dakota
corporation ("Interstate");
e. Xxxxxx X. Xxxxxxxxx, Xxxxxx X. Xxxxxxxxx, and R. Xxxx
Xxxxxxxxx (collectively "Zimmermans")
Crown, ASSI, Inoco, Interstate, and Zimmermans are sometimes
collectively referred to as "Parties," or individually as "Party."
Solely Paragraph 3 of the Settlement Agreement is amended to read as follows:
3. RELEASES FROM MONTANA RAIL LINK AND EXXON CORPORATION
a. MONTANA RAIL LINK LEASE NO. 500,875-01
The Parties hereby agree that WITHIN A REASONABLE TIME of the execution
of this Settlement Agreement, ASSI, Inoco, Interstate, and the Zimmermans will
provide to Crown a written release from Montana Rail Link releasing Crown from
any demands, claims, interests, rights, liabilities, remedies, and/or causes of
action arising from the Montana Rail Link Lease No. 500,875-01, Laurel, Montana,
dated May 16, 1999.
b. ASSIGNMENT AND ASSUMPTION AGREEMENT (OFFSITE
SERVICES AGREEMENT)
The Parties hereby agree that WITHIN A REASONABLE TIME of the execution
of this Settlement Agreement, ASSI, Inoco, Interstate, and the Zimmermans will
provide to Crown a written release from Exxon Corporation releasing Crown from
any demands, claims, interests, rights, liabilities, remedies, and/or causes of
action arising from the Assignment and Assumption Agreement (Offsite Services
Agreement) among Exxon Company, U.S.A., ASSI, and Crown dated April 17, 1999,
and which relates to the Offsite Services Agreement dated April, 1998 between
ASSI and Exxon Company, U.S.A.
c. INDEMNIFICATION
In addition to the written releases specified above, the Parties agree
that ASSI, Inoco, Interstate, and the Zimmermans will indemnify Crown and hold
it harmless for any and all demands, claims, interests, rights, liabilities,
remedies, and/or causes of action arising from the May 16, 1999 Montana Rail
Link Lease No. 500,875-01 and/or the April 17, 1999 Assignment and Assumption
Agreement (Offsite Services Agreement).
IN WITNESS WHEREOF, the Parties have executed this Settlement Agreement
effective the date first written above:
DATED this ______ day of March, 2000.
CROWN ASPHALT PRODUCTS COMPANY XXXXX LAW FIRM
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By By Xxxxx X. Xxxxx
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Its Attorneys for Asphalt Supply and
--------------------------------- Service, Inc., Inoco, Inc., Interstate
Asphalt Co., Xxxxxx X. Xxxxxxxxx,
Xxxxxx X. Xxxxxxxxx, R. Xxxx
Xxxxxxxxx
CROWN ENERGY CORPORATION
By
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Its
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