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MIDCON REALTY LLC <br />P.O. Box 2115 <br />1001 Grand Avenue, Suite 106 <br />(970) 9045 7145 Glenwood Springs, Colorado 81602 (970) 945-2303 <br />March 6, 2002 <br />Mike Long <br />Director <br />Division of Minerals & Geology <br />1313 Sherman St. <br />Suite 215 <br />Denver. CO 80203 <br />Steve Renner <br />Division of Minerals & Geology <br />101 S. 3'd St. <br />Suite 301 <br />Grand Junction. CO 81501 <br />RE: Completion of Reclamation. Coal Basin and Carbondale Load-out Site. <br />Gentlemen: <br />In the Settlement Agreement dated June 18, 1999, and entered as Stipulated <br />Order of Court , it was agreed at ¶12 that <br />"As part of this Settlement Agreement, DMG specifically agrees to complete <br />reclamation on the real estate within Coal Basin currently owned by MidCon ... so <br />that no additional reclamation obligation will remain with respect to that <br />property....DMG agrees that upon completion of the reclamation on the MidCon <br />property within Coal Basin, it shall execute a document releasing the property <br />from any further reclamation obligation due to past mining activities in Coal <br />Basin. Such document shall be record able in the real property records of Pitkin <br />County, Colorado. Should DMG complete reclamation in Coal Basin for less <br />than the amounts specified in paragraph 4, above, any remaining funds shall be <br />paid to the Trustee." Settlement Agreement, Page 7. <br />