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COLORADO <br />Division of Reclamation, <br />AVL- Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, Co 80283 <br />February 9, 2017 <br />Kevin M. Cassidy <br />Seaglass Holding Corp. <br />d/b/a US Rare Earths <br />5600 Tennyson Parkway, Suite 240 <br />Plano, TX 75024 <br />RE: Findings of Fact, Conclusions of Law and Order <br />File No's. P-2011-024, PV -2016-001 <br />On February 9, 2017, the Mined Land Reclamation Board signed the enclosed Board Order for the <br />above captioned operation. We strongly advise that you read this document carefully. The Board <br />orders that the financial warranty for Notice of intent Number P-2011-024is FORFEITED. <br />The Board orders affected financial warrantors to immediately deliver to the Board all amounts <br />warranties. <br />Certified Mail <br />7016 2140 0000 2345 9930 <br />Cc's <br />Michelle Ramirez <br />Dustin Czapla <br />Russ Means <br />John Roberts <br />1313 Sherman Street, Roan 215, Denver, Co 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br />John W. Hukenlooper, Governor Robert W. Randall, Executive Director I Virginia Brannon, Director <br />