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Banks and Gesso, LLC <br />TABLE L-1 -RECLAMATION COST ESTIMATE <br /> Volume Price per Unit Total <br />Pit Edges and Topsoil Area <br />North Mining Area <br />Topsoil replacement (14.5 acres, 1 ft <br />dee 23,400 yd $0.40/yd $9,360 <br />Final grading/contouring 14.5 acres $200/acre $2,900 <br />Grass seeding/fertilizing 14.5 acres $400/acre $5,800 <br />South Borrow Area <br />Topsoil replacement (30 ac., 1 ft. deep) 48,400 cy $0.40/cy $19,360 <br />Final Grading/Contouring 30 acres $200/acre $6,000 <br />Grass Seeding/Fertilizing 30 acres $400/acre $12,000 <br />Direct Cost $55,420 <br />Insurance, Performance Bond and Profit (15%) $8,313 <br />Total Estimated Cost $63,733 <br />EXHIBIT M -OTHER PERMITS AND LICENSES <br />Other Permits and Licenses <br />Additional permits/approvals required for the Adams Property are listed below. <br />Otero County Use by Special Review Permit <br />An application for a Use By Special Review Permit which allows for sand and gravel <br />mining from the property has been approved by Otero County, Colorado. <br />CDPS State Discharae Permit/Stormwater Permit <br />The Applicant has applied for a received a CDPS State Discharge Permit. <br />Air Permits <br />The Applicant has applied for and received all necessary air permits for the mining <br />operation. <br />North River Pit Amendment <br />All-Rite Paving and Ready Mix, Inc. <br />December 2002 <br />4 <br />