Notice of Extension of Lease Agreement between ICG Beckley, LLC and The Crab Orchard Coal and Land Company

Contract Categories: Real Estate › Lease Agreements
Summary

ICG Beckley, LLC notifies The Crab Orchard Coal and Land Company that it is exercising its option to extend the term of their existing lease agreement, originally dated January 1, 1965, for an additional 15 years starting January 1, 2011. This extension is made according to the terms set out in the lease and its amendments. The letter confirms the ongoing business relationship and formalizes the lease extension for property in Raleigh County, West Virginia.

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EX-10.2 3 ex10-2.htm LETTER AGREEMENT ex10-2.htm
Exhibit 10.2
 
ICG Beckley, LLC
P. O. Box 49
Eccles, West Virginia 25836 – 304 ###-###-####

November 5, 2009

Via Certified Mail
Return Receipt Requested

The Crab Orchard Coal and Land Company
Attn: Mr. Donald C. Pauley
President
P. O. Box 443
Charleston, WV 25322

Subject:
Notice of Extension of Agreement and Deed of Lease (“Lease”) dated January 1, 1965, between The Crab Orchard Coal and Land Company and lCG Beckley, LLC (as assignee of Winding Gulf Coals, Inc.), as such lease has been assigned and amended from time to time, covering property located in Raleigh County, West Virginia (WVL-750)
 
Dear Mr. Pauley:

Pursuant to Article Six-A of the Lease, as such article was amended by that certain Amendment of Lease dated January 1, 1991, lCG Beckley, LLC hereby exercises its option to extend the term of the Lease for an additional period of fifteen (15) years from and after January 1, 2011. We look forward to a continuing beneficial working relationship with Crab Orchard during the upcoming extended lease period.

If you should have any questions, please feel free to call.

Sincerely,

/s/ Gary Patterson

Gary Patterson
President & General Manager
 
 
cc:  O. Eugene Kitts (via e-mail)
       Samuel R. Kitts (via e-mail)
       James V. Lawson (via e-mail)
Charles G. Snavely (via e-mail)
James W. Woods (via e-mail)