AMENDMENT TO EMPLOYMENT AGREEMENT
BETWEEN
COLORADO WYOMING RESERVE COMPANY
AND
XXX X. XXXXXX
This AMENDMENT to the Employment Agreement, dated October 1, 1996 (the
"Agreement"), between Colorado Wyoming Reserve Company (the "Company") and Xxx
X. Xxxxxx ("Employee"), is made as of May 17, 1999 by and between the parties
hereto.
For good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties agree as follows:
Capitalized terms used herein and not otherwise defined, have the meaning
ascribed to such terms in the Agreement. Section 2.1 of the Agreement is amended
and replaced in its entirety with the following provision:
SECTION 2.1 BASIC SALARY. Except as otherwise provided herein, the
Company shall pay to the Employee a monthly base salary during the term of this
Agreement in the amount of $5,000.00 per month.
Accepted and Agreed to this 17th day of May, 1999.
COMPANY:
COLORADO WYOMING RESERVE COMPANY
By: /s/ XXX X. XXXXXX
-------------------------------------
Xxx X. Xxxxxx
President and Chief Executive Officer
EMPLOYEE:
/s/ XXX X. XXXXXX
------------------------------------------
Xxx X. Xxxxxx
