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STATE OF COLORADO <br /> DIVISION OF MINERALS AND GEOLOGY <br /> of <br /> Department of Natural Resources <br /> 1313 Sherman A.,Room 215 <br /> Denver,Colorado 80203 SIGHT DRAFT <br /> Phone:(303)866-3567 <br /> FAX:(303)832-8106 <br /> DEPARTMENT OF <br /> NATURAL <br /> RESOURCES <br /> Roy Romer <br /> To: First Security Bank of Utah Governor <br /> Ann: Letter of Credit Department lames S.Lochhead <br /> 4 North Main Executive Director <br /> P.O. Box 99 <br /> Michael B.Long <br /> Division Director <br /> Moab, UT 84532 <br /> Pay to the order of the State of Colorado/Mined Land Reclamation Board the amount of $ ,225.00 cash <br /> warranted under Letter of Credit issued July 10, 1996 in our favor for the account of Penn Mountain Joint <br /> Venture. The amount drawn will be held as a cash deposit in lieu of financial warranty, s provided in <br /> applicable Colorado statutes governing mined land reclamation. <br /> Signed, <br /> Michael B. Long, ' ector <br /> Division of Minerals anZ logy <br /> Office of Mined Land Reclaman <br /> State of Colorado <br /> State of Colorado ) <br /> County of Denver ) <br /> The foreP� in/strument was acknowledged before me is _day <br /> of /7//r ZY by <br /> as d,/2C��r�/ of the Division of Mineral d Geology/Office of fined Ianj Reclamation. <br /> N ry Public <br /> My Commission Expires: <br /> M:\OSSavm\COOk.dlm <br />