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Summary of Classification and Treatment of Claims and <br />Interests Under the Plan <br />Class <br />Estimated <br />Description <br />Amount of <br />Claims <br />Impaired <br />Treatment <br />Administrative claims, <br />$115,000 <br />No <br />Paid in full on the Effective <br />including professionals, <br />Date or as soon thereafter as <br />United States Trustee fees <br />the <br />and other post -petition <br />Administrative Expense is <br />claims. <br />allowed by an Order. <br />Class 1 - Priority Claims. <br />$L000 <br />No <br />Paid in full on the Effective <br />Date. <br />Class 2 - secured claim of <br />$2.261.903 <br />Yes <br />The Class 2 claim shall retain <br />Todd C. Hennis, Pride of <br />its liens on the Permit and <br />the West, LLC, San Juan <br />Financial Warranty but shall <br />Corp. and Salem <br />be required to forebear from <br />Minerals, Inc. <br />any and all enforcement of <br />such liens for a period of three <br />years from the Effective Date, <br />unless default. San Juan shall <br />waive and release any and all <br />rights, including any security <br />interest in the interest <br />proceeds from the Financial <br />Warranty held by the Estate. <br />Class 3(a)- general <br />$2,300,000 <br />Yes <br />Paid pro-rata from the <br />unsecured claims held by <br />proceeds obtained from the <br />non -insiders of the <br />Loan Obligation. <br />Debtor. <br />Class 3(b) - general <br />$571,823.57 <br />Yes <br />Paid pro-rata from the <br />unsecured claims held by <br />proceeds obtained from the <br />insiders of the Debtor. <br />Loan Obligation. <br />Class 4- Debtor' s equity. <br />NIA <br />Yes <br />Receives nothing. <br />