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Wednesday, August 18, 2008 4:49 AM Daryl Webster 719-486-0427 <br />Webster Sand & Gravel j/ <br />145 5. Toledo <br />Leadville, CO 80461 <br />(719)486-0427 <br />(phone & fax) <br />Attention: Erica Crosby and the Colorado Mined Land Reclamation $oard <br />Division Of Minerals And Geology <br />Department of Natural Resources <br />1313 Sherman St., Room215 <br />Denver, Colorado 80203 <br />August 15, 2006 / <br />Re: Status ofFinanciel Warranty CD V <br />Dear Erica and members of the Colorado Mined Reclamation Board, <br />p.02 <br />/M-~q~l-Z~s <br />~~~~~ac~ <br />Last month I requested and was granted an extension from appearing before the boaai and I <br />said in my letter that "barring any unforeseen problems" I would have the matter completed well <br />before the August meeting. At this time, I believe that I have done everything that I can do to <br />complete the setting ttp of the financial warranty CD. I did run into a few unforeseen problems. <br />I was pla:rniag oa listing rho owner of the CD se one of my dad's three trusts. I thought that I <br />could get two things done at the same time by doing this. I could not get in touch with our <br />accounta~ to discuss this as she was in Alaska out of cell phone range, etc.. After finally talldng <br />to her about this a couple of weeks later, she did not think that would work and that the CD <br />should be owned by the LLC of which the trusts will be the member owners. Therefore, I had to <br />redo the information on the CD to reflect the original owner of the CD es the Charles J. Estate <br />and once the trusts are fully funded and we are then operating as Webster Sand dt Crravel, LLC, <br />will need to change the ownership of the CD to the LLC. If this sounds complicated, it is. <br />I am working with Erica Pollack of American National Bank in Eagle (970-328-7333), She had <br />told me last week that she would be sending to the division via overnight mail, the signature card <br />for the Director to sign and send back. We had also scheduled last Friday marmng for me to wire <br />the $132,500.00 to American National Bank from our bank account at Wells Fargo Bank here in <br />Texas. I did this. This last Monday, I learned that Wells Fargo had taken the money out of our <br />account but Brien Pollack said the transfer had not gone thru yet. After several Dells to Walls <br />Fargo I learned that Aa a wire transfer of that size required two mwn aerial approvals. This was <br />not done and has delayed the transfer. Also, Erica Pollack did not send the signature card as she <br />had questions on setting up the warrtuty and she said she was working with Suai Erickson and <br />Elizabeth Shelton on this. Erica had never done one of these and she wanted to make sure it was <br />done correctly. As I said, I feel that I have done everything needed to set it up and I tun just <br />waiting on the actual CD to be sent to me so I can sign and have it notarized. A$erwards I will <br />send it to my stepmother, Lydia Webster, in Leadville to sign and she will send it back to <br />American National Bank which I assume will send to the division. At this point, I decline m <br />speculate a timetable for completing this, especially after all that has happened up to this point. <br />Both Erica Pollack and I have le8 several messages for you, Erica, and Suzi and Elizabeth to <br />inform you all of what the status is oa the matter over the pest several days. Ms. Pollack also had <br />some questions about the CD. Nobody returned our calls that I know of. I understand you all are <br />