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RECEIVED IIIRIAI�I�� <br />DEC 24 LLI m,erow <br />BOND AGREEMEN��� oN <br />THIS BOND AGREEMENT ( "Agreement)" is made and entered into this lj� day of <br />2001 by and between NCIG Financial, Inc., hereinafter referred to as "NCIG ", <br />whose address is P.O. Box 5460, Playa del Rey, CA 90296, and C.B. Minerals Company, LLC, <br />hereinafter referred to as "CB ", whose address is 8717 Delgany Avenue #215, Playa del Rey, <br />CA 90293. <br />RECITALS <br />A. NCIG Is the prior permittee of the Coal ridge No. 1 Mine, permit C -84 -065. NCIG <br />has secured a bond in the amount of $43,200 and has pledged the bond to the <br />Division of Minerals and Geology to be held as Surety for the faithful <br />performance of its reclamation obligations under the permit. <br />B. CB is the successor permittee of the Coal Ridge No. 1 Mine, permit number C- <br />84-065. CB has not secured a bond for Its reclamation obligations under permit <br />C-84 -065. <br />NOW, THEREFORE, for and in consideration of their respective rights and obligations <br />under this Agreement the sufficiency of which is hereby acknowledged, the parties agree as <br />follows: <br />1. NCIG hereby agrees that the bond posted shall continue in force on all areas <br />affected under the permit until such time the bond is replaced by CB, its <br />successors and assigns. <br />IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date <br />first above Written. <br />"NCIG" <br />NCIG Financial, Inc. <br />Rushton O. Backer, President <br />TATE OF <br />OF <br />SS. <br />CO TY _ <br />The fo ing instrument wad <br />2001,1 y shton O. Backer, <br />The foregoing in rument was <br />2001, by Rushton . Backer, <br />Witness my har'tq and official <br />"CB" <br />C.B. Minerals Company, LLC <br />©• 13 <br />Rushton O. Backer, Managing Director <br />ad befork me this _ <br />NCIG Finbricial, Inc. <br />before me <br />for of C.B. <br />day of November <br />day of November <br />c)mpany, LLC. <br />