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coM, lrc. <br />91~s st~in.e canyon <br />Boulder, Co 80303 <br />(3031 X49-7748 <br />December 15, 199? <br />Mr. ?In: F.srtley <br />PO $os 19255 <br />.~.OU1Cl.er~ C~ $0308-~.~~"5:. <br />Dear tilt. I72IT.lE;'. <br />in regards to that cer^ain contract dated Nove_mi>e_~ 12, 1992, and that cera;r <br />Joini Vraiure Agr~:ma=t e?~.ered into on Dec~.;oe_r 9, 1991, I reg: et to inz"orm <br />ycu :tat These i:vo :vim--~.eni3 nave ~n wit.~.arwn ana are `a be coasidexd <br />nil and void. The Gne ~unared Thousand ($100,000) Dollars called for in para- <br />graph -,'a wiL' not be arthcomia;. <br />I caii your attention to paragraph 1.d whe_*° Dura: go shall canc-ibute its Mogul <br />i ^^el'.,zase free sad :.ear and in o od standing. <br />Oa a number o£occaainns, and sire particularly on the eveaiag of Dec°smtz_~ <br />11, I re^.aived commuaicifrons from Charles IRu o and his abmta tst wu <br />we_Te conducting yourself iz as illegal and fraudulent meaner. Ia respect thai <br />you wEre 8i ate' link are from d:e y1i~gu1 `Ili? as +veil as embEZ-,!i.ng money from <br />your car-,oration. ?was further advised That c^:minal r3nrges are bair_g filed <br />agsinsi you, per:onaliy, and That you and Durango Metals we_*e going to ce <br />ejected from the prore_*t~. <br />it is pat my place to judg_ the validity of such charges, but I cannot put COM, <br />In::. in suc::. = =ompT~++~~n; poeiton as weIl as r_sk Five Million (SS,000,000) <br />DollLrs of our capital is a venture twat may be lied up i3 coots for many years <br />to coa:e. <br />S~uld you have any questions re,Qaiding this decsion, please feel free to <br />contact me. <br />Sine-.re'_y, <br />~J.. WnynP Tatman <br />JW'I~al <br />EXHIBIT <br />D <br />