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<br />oF. <br />~_ <br />~`~ COLORADO DIVISION OF A'IINERALS AND GEOLOGY <br />•~ ~ 1313 Sherman Street, Room 2I5, Denver, Colorado 80203, (303} 866-3567 <br />SETTLEMENT AGREEMENT <br />NOV/CO NO.: CV-2002-016 <br />MINE: Deserado Mine <br />PERMPT NO.: C-1981-018 <br />OPERATOR/PERMITTEE: <br />Blue Mountain Energy, Inc <br />ATTENTION: Scott Wandstedt <br />ADDRESS: 3607 County Road 65 <br />Rangely, CO 81648 <br />DATE ISSUED: July 11, 2002 <br />TYPE OF MINE: Underground/Federal <br />COUNTY: Rio Blanco <br />The Division of Minerals and Geology ("the Division") issued a certain Notice of Proposed Amount of Civil <br />Penalty, and the operator requested a conference thereon, as authorized by C.R.S. 1973 34-33-123(8). The <br />requested conference having been held as required by law, on September 24, 2002, the Division and the operator <br />hereby agree as follows: <br />1. The amount of the penalty shall be $500.00; <br />2. The penalty shall be paid to the Division by the operator not later than 30 days from <br />[he date this Agreement is signed by all parties; <br />3. Payment of such penalty by the operator shall constitute a waiver of all further rights <br />to review of such penalty or of the violation on which it is based. <br />This agreement shall not be effective unless signed by the operator within ten days after the closing date of such <br />conference, which date is set forth below opposite the signature of the Conference Officer. <br />If not signed within ten days, the Division will fix the penalty at whatever amount it deems appropriate. The <br />fixed penalty amount will likely be the original penalty assessment, based on the factors referred to in C.R.S. 1973, <br />34-33-123(8)(a). <br />OPERATOR: <br />DATE: <br />By <br />DIVISION OF MINERALS AND GEOLOGY: <br />By <br />o renc ffi//cer6 ~ ~ t <br />Division Director <br />DATE: /s -, - <br />Penalty Adjustment Reviewed <br />[Rule 5.04.3(4xc)] <br />CRS 34-33-123(8)(c) and (d) <br />C-NV-0a C1981018 IRS?0020926 CI)12 PM <br />