Document:

Exhibit 10.12

                              SETTLEMENT AGREEMENT

         This Settlement Agreement ("Agreement") is made and entered into on
this 16th day of October, 2002, by and among DTE Enterprises, Inc. a Michigan
corporation and the successor by merger to MCN Energy Group, Inc. ("MCN"), MCNIC
Pipeline & Processing Company, a Michigan corporation ("MCNIC"), Howard L. Dow
III ("Dow"), and William E. Kraemer ("Kraemer") (collectively, the "MCN
Parties"), and Crown Energy Corporation, a Utah corporation ("CEC"), Crown
Asphalt Corporation, a Utah corporation ("CAC"), Crown Asphalt Products Company,
a Utah corporation ("CAPCO"), and Crown Asphalt Distribution, L.L.C., a Utah
limited liability company ("CAD") (collectively, the "Crown Parties" and Jay
Mealey ("Mealey") (the MCN Parties, the Crown Parties, and Mealey shall
sometimes be referred to collectively herein as the "Parties").

                                    RECITALS

         A. The Parties have entered into this Agreement to compromise and
settle all of their remaining disputes, including but not limited to the
following pending litigation matters: (a) the Order Confirming Arbitrator's
Award and Final Judgment, dated February 7, 2002 (the "Damages Judgment"),
issued by the third Judicial District Court of Salt Lake County, State of Utah
in Case No. 010910263 Misc. (the "Confirmation Proceeding"), which constitutes a
judgment in favor of MCNIC and against CAD in the amount of $20,011,683.35; (b)
the Arbitrator's Award of Fees, Costs and Expenses, dated February 5, 2002 (the
"Fee Award"), issued by the Honorable John G. Davies in JAMS Arbitration
Proceeding No. 1220024039 (the "Arbitration Proceeding"), which was issued in
favor of the MCN Parties and against the Crown Parties, jointly and severally,
in the amount of $2,609,518.69; (c) the cross-motions to confirm or vacate the
Fee Award that have been filed in the Confirmation Proceeding; (d) the action
pending in the Third Judicial District Court of Salt Lake County, State of Utah,
entitled MCNIC Pjpeline & Processing Company, a Michigan corporation, Plaintiff
v. Crown Asphalt Distribution, L.L.C. a Utah limited liability company,
Defendant, Civil No. 000904867 (the "State Action"); and (e) the action pending
in the United States District Court for the District of Utah, Central Division,
entitled Crown Energy Corporation, et al., Plaintiffs N, MCN Energy Group, Inc.,
et al., Defendants, Civil No. 2:00CV-0583ST (the "Federal Action").

         B. The Parties have previously attempted to reach a settlement, On
March 8, 2002, the Parties entered into a Settlement Agreement ("First
Settlement Agreement"), under which portions of the settlement were effective
upon the execution of the First Settlement Agreement and certain other portions
of the settlement were conditioned upon the timely exercise by the Crown Parties
of an option to purchase MCNIC's interest in CAD. Although the Crown Parties did
not satisfy that condition, the Parties now are entering into this Agreement to
compromise and settle their remaining dispute.

<PAGE>

         C. This Agreement does not amend or supersede in any way the First
Settlement Agreement. As stated in Paragraph 28 of the First Settlement
Agreement, Paragraphs 1 through 7 and 20 through 27 of the First Settlement
Agreement became effective and binding immediately upon the execution of the
First Settlement Agreement and are not affected by the Crown Parties' failure to
timely exercise their option to purchase MCNIC's interest in CAD or by the
Parties' execution of this Agreement.

                                    AGREEMENT

         For good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the Parties agree as follows:

         1. Purchase and Sale of MCNIC's Interests in CAD and the Damages
Judgment. CAPCO hereby purchases, and MCNIC hereby sells, assigns, and transfers
MCNIC's entire right, title, and interest (i) in or relating to CAD, and (ii) in
the Damages Judgment, as well as under any loan by MCNIC to CAD and under any
mortgages upon, liens against, and security interests in any asset of CAD,
including the assignment of all financing statements, trust deeds, notes, and
security agreements constituting, memorializing, and supporting such interests.
The consideration for this purchase and sale is the sum of $1,300,000.00 (the
"Purchase Price"). MCNIC's assignment of its right, title, and interest in CAD
is "as is, where is" and does not include any representations or warranties with
respect to CAD. This transaction shall be deemed to have closed simultaneously
with the execution of this Agreement at the offices of Parsons Behle & Latimer,
located at 201 South Main Street, Suite 1800, Salt Lake City, Utah. At the
closing, the Parties have executed this Agreement, CAPCO has paid the Purchase
Price in full by delivering immediately available funds to MCNIC, and MCNIC has
delivered to CAPCO fully executed assignments of MCNIC's above-described
interests in tile forms attached hereto as Exhibits A and B, respectively, and
an acknowledgement of assignment of the form attached hereto as Exhibit C

         2. Indemnification Concerning CAD. As additional consideration to MCNIC
for the sale described in Paragraph 1 above, CAPCO and CEC covenant and agree,
jointly and severally, to defend, indemnify, and hold harmless the MCN Parties
from any and all claims and liabilities arising out of or in any way relating to
CAD, CAPCO, or their operations, including but not limited to any claim
pertaining to the Notice of Attorneys' Liens filed by Berman, Gaufin, Tomsic &
Savage in the Arbitration Proceeding on or about November 12, 2001.

         3. Tax Matters. CEC and/or CAPCO shall not cause CAD, and CAD shall
not, carry back any credit or loss to a period ending on or prior to the closing
of the transaction described in Paragraph 1 above without the prior written

<PAGE>

consent of the MCN Parties. Also, CEC and/or CAPCO shall not cause CAD, and CAD
shall not, file an amended tax return for any period ending on or prior to the
closing without the prior written consent of the MCN Parties.

         4. Entry of Fee Judgment. Simultaneous with the execution of tills
Agreement, the Crown Parties and the MCN Parties stipulate to tile immediate
entry of all order in the Confirmation Proceeding that confirms the Fee Award
and also to the immediate entry of a conforming fee judgment, in the amount of
$2,409,518.69 (although the Fee Award is in the amount of $2,609,518.69, the
Crown Parties paid $200,000 toward the Fee Award on March 8, 2002 as part of the
First Settlement Agreement, thereby reducing the outstanding balance of the Fee
Award to $2,409,518.69), against the Crown Parties, jointly and severally (the
"Fee Judgment"), by the execution and filing of a stipulation in the form
attached hereto as Exhibit D and a proposed order and judgment in the form
attached hereto as Exhibit E. The Crown Parties waive any right to appeal from
or otherwise contest the Fee Judgment. The Fee Judgment is subject to the stay
and satisfaction provisions set forth in Paragraph 6 below.

         5. Purchase and Sale of Overriding Royalty Interest. MCNIC hereby
purchases on behalf of its wholly-owned limited liability company, Crown Asphalt
Ridge, L.L.C ("CAR"), and CAC hereby sells, assigns, and transfers, for tile sum
of $ 100,000 ("ORRI Purchase Price"), all of the overriding royalty interests
granted to CAC pursuant to Paragraph 6 of the First Settlement Agreement (the
"ORRI"). In exchange for CAC's assignment and transfer of the ORRI to CAR, the
MCN Parties have credited CAC with having made a $100,000 payment toward the
amount due on the Fee Judgment. This transaction shall be deemed to have closed
simultaneously with the execution of this Agreement at the offices of Parsons
Behle & Latimer, located at 201 South Main Street, Suite 1800, Salt Lake City,
Utah. At the closing, CAC has delivered to MCNIC or its designee a fully
executed assignment of the ORRI in the form attached hereto as Exhibit F and
MCNIC has delivered to CAC in full satisfaction of the ORRI Purchase Price a
release and a partial satisfaction of judgment in the forms attached hereto as
Exhibits G and H, stating that CAC (but not CEC, CAPCO, or CAD) has been
released from liability on the Fee Judgment.

         6. Satisfaction of Fee Judgment. Each of the Crown Parties represents
that it shall not become the subject of a bankruptcy petition, voluntary or
otherwise, under Title 11, United States Code, within 91 days of CAC's
assignment of the ORRI to MCNIC, pursuant to Paragraph 5 above. Once the 91 days
have elapsed without any of the Crown Parties becoming subject to such a
petition, the MCN Parties shall file a notice in the Confirmation Proceeding
that the Fee Judgment has been fully satisfied. During this 91-day period, the
MCN Parties agree that they will not execute upon the Fee Judgment, file an
abstract of the Fee Judgment in any other county in the State of Utah, enroll or
enter the Fee Judgment in federal court or in tile courts of any other state of
the United States, assign or sell the Fee Judgment, or otherwise attempt to
collect the Fee Judgment from CEC, CAPCO, or CAD. The MCN Parties further agree
that they will withdraw all supplemental orders, writs of garnishment. and writs
of execution issued prior to the date of this Agreement. If, however, one or
more of the Crown Parties becomes tile subject of a bankruptcy petition,

<PAGE>

voluntary or otherwise, during this 91-day period, the MCN Parties shall
immediately be entitled to recover, by proof of claim, execution, or otherwise,
the remainder of the Fee Judgment ($2,309,518.69) from CEC, CAPCO, and/or CAD,
unless such petition is an involuntary petition filed in violation of Paragraph
7 below.

         7. No Involuntary Bankruptcy Petition. During the 91-day period
following CAC's assignment of the ORRI to MCNIC, the MCN Parties, their
directors, officers, and employees shall not participate in, finance, encourage,
aid, or abet, directly or indirectly, the filing of any involuntary petition
under Title 11, United States Code against any of the Crown Parties.

         8. Mutual Releases. Effective immediately upon MCNIC's receipt of tile
Purchase Price and the ORRI, the Parties mutually release each other as follows:

                  (a) Release by the Crown Parties and Mealey. Except for the
right to enforce the terms of this Agreement, the Crown Parties and Mealey, on
behalf of themselves and their respective heirs, successors, and assigns,
completely release and discharge the MCN Parties, as well as their respective
heirs, successors, and assigns and all of their respective current and former
attorneys, directors, officers, shareholders, members, managers, employees, and
agents, from any and all then-existing claims and causes of action of any kind
and nature, whether or not presently known by the Parties, including but not
limited to all claims and causes of action asserted in the Arbitration
Proceeding, the State Action, and the Federal Action, all claims and causes of
action arising under the CAD Operating Agreement., the CAD Operating and
Management Agreement, and any loans made by MCNIC to CAD, and all claims and
causes of action arising from or in any way related to the ownership, operation,
and management of CAPCO, CAD, and the Rawlins terminal.

                  (b) Release by the MCN Parties. Except for the right to
enforce the terms of this Agreement, the MCN Parties, on behalf of themselves
and their respective heirs, successors, and assigns, completely release and
discharge the Crown Parties and Mealey, as well as their respective heirs,
successors, and assigns and all of their respective current and former
attorneys, directors, officers, shareholders, members, managers, employees, and
agents, from any and all then-existing claims and causes of action of any kind
and nature, whether or not presently known by the Parties, except for the
Damages Judgment (which is the subject of Paragraph 1 above) and the Fee
Judgment (which is the subject of Paragraphs 4 through 6 above).

         9. Dismissal of Pending Litigation. Simultaneous with the execution of
this Agreement, the Crown Parties and the MCN Parties stipulate to the immediate
dismissal with prejudice of the State Action and the Federal Action, by the
execution and filing of the stipulations and proposed orders in the forms
attached hereto as Exhibits I through L.

         10. Execution of Further Documents. The Parties agree to execute and
deliver to the other any and all documents, whether attached to this Agreement
and otherwise, that may be necessary to effectuate the terms of this Agreement.
By way of example, and not by limitation, MCNIC is transferring all of its
interests and rights in any security agreement, financing statement, lien, deed
of trust, or mortgage in or upon the CAD assets to CAPCO. The Parties may

<PAGE>

discover, and expect to discover, fixture filings, trust deeds, financing
statements and other recorded documents not known as of the date of execution of
this Agreement that constitute such interests and rights and acknowledge and
agree to execute any and all documents in the future necessary to effectuate the
terms of this Agreement. Specifically, MCNIC agrees to execute such specific
assignments promptly upon tender of documents in recordable form prepared by CAD
or CAPCO for such purpose.

         11. Remedies. The provisions of this Settlement Agreement are
specifically enforceable.

         12. Binding Agreement. This Agreement is binding upon and inures to the
benefit of the Parties and their respective heirs, successors, and assigns.

         13. Applicable Law. This Agreement shall be governed by and construed
in accordance with the internal laws of Utah.

         14. Effective Date. This Agreement is effective and binding upon the
Parties on the date hereof upon the execution and delivery of this Agreement by
all of tile Parties.

         15. Counterparts, Facsimile. This Agreement is and may be executed in a
number of counterparts and by facsimile, each of which has been executed by
fewer than all of the Parties. Each counterpart is enforceable against the
Parties actually executing such counterparts, and all of which together shall
constitute one instrument.

         16. Integration Clause. The Parties stipulate that this Agreement is
the final, complete, exclusive, and fully integrated expression of their
settlement. This Agreement supersedes all prior oral or written agreements among
the Parties with respect to the subject matters contained herein. There are no
representations, arrangements or understandings, either oral or written, among
the Parties which are not fully expressed herein. No alterations or other
modifications of this Agreement shall be effective unless made in writing and
signed by all Parties.

         17. Representations and Warranties. Each of the Parties hereby
represents and warrants that this Agreement has been duly authorized and validly
executed and delivered by said Party, by or through an individual with authority
to act oil behalf of and legally bind said Party. Each of the Parties also
hereby represents and warrants that said Party has not transferred, assigned, or
pledged, in whole or in part, any of the claims that are within the scope of the
releases set forth in Paragraph 6 above. The Parties further represent and
warrant that they have not relied upon any statement, communication,
representation, or opinion of any other Party or any representative of any other
Party in connection with this Agreement or the settlement of this matter.

<PAGE>

         IN WITNESS WHEREOF, the Parties have executed this Agreement on the
dates indicated below.

                                          DTE ENTERPRISES. INC

Dated:  October 16, 2002                  By:  /s/ N.A. Rhouri
                                             -----------------------------------
                                              Its:  Vice President and Treasurer

                                          MCNIC PIPELINE & PROCESSING
                                          COMPANY

Dated:  October 16, 2002                  By:  /s/ N.A. Rhouri
                                             -----------------------------------
                                             Its:  Vice President and Treasurer

Dated:  October 16, 2002                      /s/ Howard L. Dow III
                                             -----------------------------------
                                             HOWARD L. DOW III

Dated:  October 16, 2002                      /s/ W.E. Kraemer
                                             -----------------------------------
                                             WILLIAM E. KRAEMER

                                           CROWN ENERGY CORPORATION

Dated:  October 16, 2002                   By  /s/ Jay Mealey
                                             -----------------------------------
                                             Its:  President

                                           CROWN ASPHALT CORPORATION

Dated:  October 16, 2002                   By  /s/ Jay Mealey
                                             -----------------------------------
                                             Its:  President

                                           CROWN ASPHALT PRODUCTS COMPANY

Dated:  October 16, 2002                   By  /s/ Jay Mealey
                                             -----------------------------------
                                             Its:  President

                                           CROWN ASPHALT DISTRIBUTION, L.L.C

Dated:  October 16, 2002                  By  /s/ Jay Mealey
                                             -----------------------------------
                                             Its:  President

Dated:  October 16, 2002                     /s/ Jay Mealey
                                             -----------------------------------
                                             JAY MEALEYExhibit 10.13

April 19, 2002

FGI, LLC
6568 South Racine Circle
Suite 2000
Englewood, CO  80111

         Re:  Agreement to Operate Asphalt Modifying Equipment

Gentlemen:

This letter, when accepted in the space provided below, shall evidence the
agreement entered into this date between FGI, LLC ("FGI") and Crown Asphalt
Products Company ("Crown") for the placement and operation by Crown of certain
tanks and equipment at the FGI facility in Grand Island, Nebraska ("Grand Island
Terminal") under the terms and conditions set forth below.

1.       FGI has a lease with Hall County Airport Authority ("HCAA") for the
         Grand Island Terminal located at 4112 Academy Road, Grand Island,
         Nebraska 68801. HCAA has advised Crown that it may place and operate
         tanks and equipment for modified asphalt production at the Grand Island
         Terminal subject to Crown paying a user fee to HCAA. FGI hereby grants
         Crown the right to place tanks and equipment at the Grand Island
         Terminal. A description of the tanks and equipment is attached hereto
         as Exhibit A.

2.       The term of this agreement will commence as of the date hereof and
         terminate no later than October 31, 2002; provided, however the parties
         may agree subject to the terms of the user fee agreement with HCAA to
         extend the term on a month-to-month basis.

3.       Crown will enter into a user fee agreement with HCAA evidencing HCAA's
         approval of Crown's use of the property under terms and conditions
         acceptable to Crown, HCAA and FGI. Crown will provide FGI with a copy
         of the HCAA User Fee Agreement.

4.       Crown will conduct all operations at the Grand Island Terminal in
         accordance with the terms and conditions of the Facility Access
         Agreement attached hereto as Exhibit B, and the user fee agreement with
         HCAA.

5.       Frontier Oil & Refining Company ("Frontier") will sell and transfer
         asphalt from the FGI tanks at the Grand Island Terminal to Crown's
         tanks and equipment. Asphalt sales shall be in accordance with the
         Asphalt Sales Contract between Frontier and Crown attached hereto as
         Exhibit C. Crown will blend polymer and other additives with the
         asphalt through Crown's equipment into a finished asphalt product to
         fulfill contracts between Crown and certain third party contractors.
         FGI will allow Crown to use the scale for weigh-in and weigh-out of the
         tanker truck transporting the finished product from the Grand Island
         Terminal. The service fee for use of the truck scale shall be $7.00 per
         truckload.

<PAGE>

6.       During the term of this agreement Crown, and its agents or designees,
         will be granted access to the Grand Island Terminal during normal
         terminal hours of operation or as mutually agreed with FGI, for its
         operations subject to the terms and conditions of the Facility Access
         Agreement. At no time whatsoever, will Crown's operations be allowed to
         interfere with FGI's operations.

7.       Crown will indemnify and hold harmless FGI, Frontier, and Consolidated
         Oil & Transportation, Inc. ("Consolidated"), from and against any
         liability or damages and all costs and expenses associated with the
         location, installation and operation of the tanks and equipment as
         provided for in the Facility Access Agreement. FGI, Frontier, and
         Consolidated will not be responsible for the operations or products
         produced and sold by Crown. Crown will pay all costs associated with
         the installation and removal of the tanks and equipment referenced in
         Exhibit A. Crown will pay all costs associated with site reclamation
         required after removal of Crown's equipment.

8.       Crown will indemnify and hold harmless FGI, Frontier, and Consolidated
         from and against any costs resulting from any spill by Crown or
         violation of any environmental regulation by Crown as provided for in
         the Facility Access Agreement.

If the foregoing terms and conditions meet with your approval please so indicate
by executing in the space provided below and returning one fully executed copy
to the letterhead address.

Sincerely,

/s/ Jay Mealey
---------------
Jay Mealey
President

Agreed to and accepted this 19 day of April, 2002.

FGI, LLC                                       Frontier Oil and Refining Company

By /s/ unreadable                              By /s/ unreadable
--------------------------                     -------------------------------
Its President                                  Its Manager Asphalt Sales

<PAGE>

                                    Exhibit A
                  to the Letter Agreement dated April 10, 2002

                         Tanks and Equipment Description

Nine 500-barrel tanks with heat coils and tank side mixers

High shear polymer mill skid complete with pumps, electrical and polymer
introduction system

Piping manifold and all electrical starters and switch gear to operate equipment

2MM BTU hot oil heating system and heat trace

Truck loading rack (including pump and electrical)

Lab equipment necessary for product testing

Mobile trailer for office and lab testing

<PAGE>

                                    Exhibit B
                  to the Letter Agreement dated April 19, 2002

                            Facility Access Agreement

This facility Access Agreement ("Agreement") is entered into this 19 day of
April, 2002, by and between FGI, L.L.C., a Colorado limited liability company
("Company") and Crown Asphalt Products Company, a Utah corporation,
("Licensee").

                                    RECITALS

WHEREAS, the Company is the lessee of certain real property known as the Grand
Island Terminal located at 4112 Academy Road, Grand Island, Nebraska
68801("Property") and has agreed to grant a license to Licensee to enter upon
the Property during the term of this Agreement to: (i) place tanks and other
equipment on the property; (ii) operate the tanks and equipment to manufacture
modified asphalt products; and (iii) conduct certain other related activities,
upon the terms and conditions hereinafter set forth (the "License"),

WHEREAS, Licensee requests permission to enter upon the Property to conduct
certain activities,

NOW THEREFORE, in consideration of the foregoing, the mutual promises,
covenants, conditions and agreements hereinafter set forth and other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties agree as follows:

1. Grant of License. During the Term (as defined in Section 8 below) of this
Agreement, the Company agrees to allow Licensee, its agents, employees, officers
and other representatives to enter the property at Licensee's sole risk and
expense and solely for the purpose of the installation and operation of the
tanks and equipment to manufacture modified asphalt products.

2. Compliance with Laws, Lease Agreement and Permits. Licensee at its own cost
and expense, promptly and fully comply with laws, ordinances and requirements of
all governmental authorities having jurisdiction with respect to its activities
under this Agreement. Licensee shall comply with all provisions of that Lease
Agreement. ("Lease Agreement") by and between the Company and the Hall County
Airport Authority ("HCAA") which are applicable to the Company, including, by
way of example only and without limitation, those provisions in the Lease
Agreement relating to lessee compliance with laws and FAA regulations.
Additionally, Licensee shall, at no cost or expense to the Company, be
responsible for obtaining any and all governmental permits and approvals, which
may be necessary for it to conduct activities under this Agreement.

3. Liens and Claims. Licensee will not permit any mechanic's, materialman's or
other similar liens or claims to stand against the Property for labor materials
furnished in connection with any work caused to be performed by Licensee upon
the Property. Within Fifteen (15) days of delivery by the Company to Licensee of
written notice of any such lien or claim, Licensee shall have the lien or claim
released at its sole cost and expense.

4. Indemnification. Licensee shall release, protect, defend, indemnify, and hold
the Company, its members and affiliated companies and their respective officers,
directors, agents, members and employees (collectively the "Affiliates"), free
and harmless from any and all claims, liability, damages, demands, costs and
causes of action of all kinds, including but not limited to claims arising from
the death or injury of any person or persons, including employees of Licensee,
or from damage or destruction of any property, including environmental damage,
caused by or in connection with the exercise of the License granted hereunder or

<PAGE>

by the entry or use of the Property by Licensee of its affiliated companies, or
their officers, directors, agents, servants, employees, invitees or guests, or
by any contractor or subcontractor employed by Licensee, or by the agents,
servants employees, invitees or guests of any such contractor or subcontractor,
except to the extent such liabilities are caused by the sole negligence or
willful misconduct of the Company. In the event the indemnity hereunder exceeds
that permitted by applicable law, such indemnity shall be construed so as to
preserve the maximum indemnity permitted thereby. This indemnity shall survive
the termination of this Agreement.

5. Approval of HCAA. Licensee shall, at its sole cost and expense, obtain any
approval or consent required under the Lease Agreement or by the HCAA and shall
provide the Company with evidence thereof prior to the installation of the tanks
and equipment hereunder. Such consent shall include a waiver by HCAA of any
right to additional rent from the Company by reasons of the activities provided
under this Agreement or Licensee shall agree to indemnify the Company for any
such amounts demanded of the Company by HCAA.

6. Taxes and Fees. Licensee shall reimburse Company for, or shall pay, any ad
valorem, personal property, sales, use or other tax resulting from the use or
operation of the Company's Property hereunder or that may be levied on the
personal property of Licensee that is stored thereon, together with any license,
registration or similar fees.

7. Insurance. During the Term of this Agreement, Licensee, before entering the
Property and at its own expense, shall procure and maintain policies of
liability insurance, issued by insurance companies duly qualified or licensed to
issue policies of insurance reasonably acceptable to the Company, which are
primary as to any other existing, valid and collectible insurance insuring
Licensee against loss or liability caused by or in connection with the exercise
of the License by Licensee, its agents, servants, employees, invitees, guests,
contractors or subcontractors, in amounts not less than:

         a.       General Comprehensive Contractual Liability, with a combined
                  single limit of FIVE MILLION DOLLARS ($5,000,000) each
                  occurrence, FIVE MILLION DOLARS ($5,000,000) aggregate, for
                  Bodily Injury and Property Damage, including Personal injury.

         b.       Comprehensive Automobile Liability insurance or Business Auto
                  Policy covering all owned, hired or otherwise operated
                  non-owned vehicles, with a minimum combined single limit of
                  ONE MILLION DOLLARS ($1,000,000) each occurrence for Bodily
                  Injury and Property Damage.

Licensee shall deliver to the Company a certificate evidencing the policies and
that coverage will not be cancelled or materially changed prior to thirty (30)
days' advance written notice to the Company. Subrogation against the Company and
the Affiliates shall be waived as respects of all the insurance policies set
forth above (including without limitation policies of any subcontractor). The
insurance required hereunder in no way limits or restricts the Indemnification
under section 4, nor is the insurance to be carried limited by Section 4, nor by
any limitation placed on the indemnity as a matter of law. Any deductible amount
is the responsibility of Licensee.

In addition, Licensee assumes all risk of loss for any damage to or loss of the
tanks and equipment provided hereunder and the Company shall have no
responsibility or obligation relating to such property whatsoever.

<PAGE>

8. Termination. This License shall commence as of the date hereof and shall
terminate on October 31, 2002 (the "Term"), provided however the parties may
agree subject to the terms of the user fee agreement with HCAA agree to extend
the Term on a month to month basis. In addition to the foregoing, the Company
shall have the right to terminate this Agreement if Licensee fails to cure any
breach hereunder within fifteen (15) business days following receipt by Licensee
of written notice of such breach delivered by the Company. Immediately following
Licensee's receipt of written notice of such termination, Licensee shall, at its
sole risk, cost and expense: (i) remove any tanks or equipment which Licensee or
its agents may have caused to be placed upon the Property, and (ii) restore the
Property to its condition existing prior to the date of the commencement of this
License, to the extent which Licensee or its agents may have caused modification
to or changes upon the Property.

9. Notices. Any notices hereunder shall be in writing and shall be deemed given
when personally delivered, or three (3) days after sent by registered or
certified mail, return receipt requested, or by recognized overnight carrier,
postage or charges prepaid, or by facsimile machine, with transmission and
receipt acknowledged in writing, and addressed to the party for whom intended at
such party's address herein specified, or at such other address as such party
may have substituted therefore by proper notice to the other.

Notices to the Company shall be sent to:

FGI, LLC                                    Frontier Oil & Refining Company
6568 South Racine Circle, Suite 200         Attn: Tom Johnson
Englewood, CO 80111                         5340 South Quebec Street Suite #200N
(303) 790-2820                              Englewood, CO  80111
(303) 790-7027 Fax                          (303) 714-0110
                                            (303) 714-0163 Fax

And to Licensee at:

         Crown Asphalt Products Company
         215 South State Street, Suite 650
         Salt Lake City, UT 84111
         801-537-5610
         801-537-5609 Fax

10. Invalidity. The invalidity or enforceability of any one or more provisions
of this Agreement shall not affect the validity or enforceability of the
remaining portions of this Agreement.

11. Assignment. This Agreement shall be personal to Licensee and its affiliated
companies, and Licensee shall not assign its interests to third parties other
than affiliated companies hereunder without first obtaining written approval
from the Company, which approval may be withheld in the Company's sole
discretion. Subject to the foregoing provision, this Agreement shall inure to
the benefit of, and be binding upon, the parties and their successors and
assigns during the Term hereof.

12. Interpretation. This Agreement shall be construed pursuant to the laws of
the State of Nebraska. The captions and headings contained herein are for
convenience only and shall not affect the meaning or interpretation of this
Agreement.

<PAGE>

13. Integration. This Agreement, the letter agreement dated April 19, 2002 and
the Asphalt Sales Contract shall constitute the sole agreement between the
parties with respect to the matters described herein.

14. No Partnership of Agency. The parties hereto agree that nothing contained
herein shall be construed as creating the relationship of principal and agent,
of partnership, of joint venture and/or employer or employee.

15. Counterparts. This Agreement may be executed in several counterparts and all
counterparts so executed shall constitute one Agreement binding on the parties
hereto.

16. Waivers and Amendments. Any waiver of any term or condition of this
Agreement, or any amendment or supplementation of this Agreement, shall be
effective only if in writing. A waiver of any breach or failure to enforce any
of the terms or conditions of this Agreement shall not in any way affect, limit
or waive a party's rights hereunder at any time to enforce strict compliance
thereafter with every term or condition of this Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first set forth above.

FGI, LLC                                       Crown Asphalt Products Company

By /s/ unreadable                              By /s/ Jay Mealey
---------------------                          -----------------------------
Its President                                  Its President

Frontier Oil & Refining Company

By /s/ unreadable
-------------------------
Its Manager Asphalt Sales

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}]]