Appreciation Agreement Sample Contracts

THE DOE RUN RESOURCES CORPORATION 1801 PARK 270 DRIVE ST. LOUIS, MISSOURI 63146
Appreciation Agreement • June 2nd, 2004 • Doe Run Resources Corp • Metal mining

This letter, dated as of November 1 (the “Base Date”), 2002 sets forth the agreement between you and The Doe Run Resources Corporation, (the “Company”) with respect to your Net Worth Appreciation Benefit, intended to constitute additional incentive compensation to you as an employee of the Company. Upon your execution of this letter, any prior Net Worth Appreciation Agreement or amendments thereto between you and DR Acquisition Corp or the Company shall terminate and all obligations pursuant to such agreement as amended shall cease.

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