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KAISER COAL CORPORATION <br />KA/SER 102 SOUTH TEJON STREET. SURE 800 ~ P.O BO% 2679 D~ \ ^~ ^ <br />COA L COLORADO SPRINGS, COLORADO 60901-2679 <br />(303) 475-7005 ~ TELEX 289 909 <br />February 5, 1988 <br />VIA FSDSRAL S%PRESS <br />Mr. Fred R. Banta <br />Supervisor, Coal Program <br />Mined Land Reclamation Division <br />State of Colorado <br />1313 Sherman Street <br />Room 423 <br />Denver, Colorado 80203 <br />RE: Letter Agreement - Colorado Coal Mine No. 1 <br />Dear Mr. Banta: <br />This letter agreement ("Agreement") sets forth terms <br />and conditions between Kaiser Steel Corporation ("Company") and <br />Colorado Mined Land Reclamation Division ("CMLRD") for the <br />reclamation of the Company's Colorado Coal Mine No. 1 near <br />Walsenburg, Colorado. The intent of the parties is to adequately <br />reclaim the property in accordance with the approved mine permit, <br />Colorado Surface Coal Mining Act, Article 33, Title 34 as amended <br />and the conditions set forth in this Agreement. The Company has <br />developed this reclamation plan within the constraints of its <br />limited resources and Chapter 11 status under the Federal <br />Bankruptcy Code. <br />The terms and conditions of this Agreement are as <br />follows: <br />1. Location. The Colorado Coal Mine Property is <br />located approximately four miles northwest of <br />Walsenburg, Colorado, just west of State Highway <br />