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oP c <br />„`% :$ <br />COLORADO DIVISION OF 112iNERAI,S AND GEOLOGY <br />~''a,a' ~ ] 313 Sherman Street, Room 215, Denver, Colorado 80203, (303) 866-3567 <br />SETTLEMENT AGREEMENT <br />NOV/CO?r'O.: CV-2002-008 <br />MINE: Golden Eaole Mine <br />PERMITA'O.: C-1981-013 <br />OPERATOR/PERMITTEE: <br />DATE ISSUED: June 17, 2002 <br />TYPE OF ML\~E: Underground/Federai <br />COL:R'TY: Las :4xtimas <br />Basiri Resources, Inc. <br />ATTENTION: Ron Thompson <br />ADDRESS: C/o Peak Project Management <br />3800 County Road 63.9 <br />Trinidad, CO 81091 <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 October 1, 2002, the Division and the operator <br />hereby agree as follows: <br />The amount of the penalty shall be $1,000.00; <br />Z. The penalty shall be paid to the Division by the operator not later than 30 days from <br />the 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 da}'s, 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 />DNISION OF MINERALS AND GEOLOGY: <br />r <br />By ~ <br />erence ffi <br />By ~ <br />Division Director <br />DATE: ~0- 3 -p.Z <br />Penalty Adjustment Reviewed <br />[Rule 5.04.3(4)(c)] <br />CRS 34-33-]23(8)(c) and (d) <br />C-NV-04_C198101) KAG 20J31003 11058 PM <br />