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SERE .iti~i, WETSrSF3SY'.NI{ & EA'. <br />.croarcrz .r _t~ <br />2 u'Tfr iLOOR, REPO CLIG rLw2A <br />3T0 SEVE~ITEE.tiTN $TGEET <br />DENVER. COLORADO 00202-5626 <br />°f:ON: ~303'~-5-0900 <br />TELECO a:ER !3031 o29-TE10 <br />April 29, 1997 <br />;vfired Land Reclamaton Boazd <br />DivilDn of iVltnerals and GeoloCy <br />Department of Natural Resources <br />Stale of Colorado <br />13 ] 3 Sherman Street, Roor,~ 31 ~ <br />Denver, CO 80203 <br />Re: IRREVOCABLE LETTER OF CREDIT X97-OS <br />P. C . <br />Plesse aekno~t~led3e receipt of the Irrevocable Letter of Credit No. 97-05, dated Anri124, <br />1997, not esa-eding as ~~regau amount of 520,000.00, issuzd b;: the Bank cf ~e Southwest .s <br />Farsnmr'•on, oa cehalf of Strphen H. Kinney, which is 2 FL~:~IQCL~.i, ~%ARRAti?'Y for AppL'-cation <br />lvf-94I I S, the ORION PIT. <br />The tr de.~gt:ed hereby ackaowled;es receipt of the above referenced Irevocable Leer of <br />Credit No. 97-0~ dared Apri124, 1997. <br />Date: By: ~ <br />Tit!e• <br />R'ECEIVEC <br />APR 2 g',°~7 <br />p~A kl e~ ~ ~§_ <br />x wnuccvraa.atry rwrq <br />00133 <br />~.. <br />