0000101594-06-000021 Sample Contracts

AMENDED LETTER AGREEMENT #2
Crested Corp • January 17th, 2006 • Bituminous coal & lignite mining

Uranium Power Corp. (“UPC”) entered into a Purchase and Sales Agreement on December 8, 2004 (“Agreement”) with U.S. Energy Corp. (“USE”), Crested Corp. (“Crested”) and a joint venture between USE and Crested (referred to as “USECC”), hereinafter collectively referred to as the “USE Parties”. Paragraph 4 requires UPC to make purchase price payments for the properties on specific dates as specified in the Agreement. UPC and the USE Parties have agreed to make the following changes in Paragraph 4 of the Agreement:

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