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AGO NAT. RES. SECTION Fax:3038663558 Feb 19 '98 12:57 P. 11 <br /> 11 r - <br /> YPH-19-9Q 16=20 FROMsDELANI~Y & MALCOM 10-970B490802 PAGE 4/B <br /> (MCR Answ, r ±dbit-21,cited in paragraph 29 of the U*d-party complaint,which PLAIN <br /> was confirmed and approved by the Bankruptcy Court in its Conirmmg Order that became <br /> final July 13,1994 and effective 30 days later. <br /> 5_ As also• alleged in the thtrd-party comp3,aint (1111 1216), reclamation <br /> /remediatkm work m Coal Basin has been accomplished by the PLmv liquidator,a joint <br /> venture of Ukd n ery & Fquipment Co., Inc. ("M&E") a-ad A. M. Mpg htdustws, Inc. <br /> ("King"), pursuant to contract (the "M&F./YuNG CoIv"TRACTp, MCR Answer Fxlitibit-1), <br /> approved by the Bar&mpky Coin's"Order'Authorizing Debtor[MCRI to Employ Equ4n unt - <br /> Liquktators and to Obtain Credit Swured by Senior Lien,on August 13,1992 and spedfumlly <br /> approved m the hgmdat um Pt.A.ty approved by the Bankxuptcy Court. <br /> 6. As bi rther alleged in the third-pax Yy complaint (If 255), MCR performed <br /> reclamation work in Coal Basin from 1992 until 1994. <br /> 7. The hquf dat ion PLAN spedficakiy addresses DMGrs Class 5 banlauptey claim <br /> in Pl.44v art.Its§4.3, <br /> 43 Class 5. <br /> 4-3.1 Q1RQ9Wn of P1edggd&s&set. The NUM,on behalf of the DMG and <br /> the O&'-,L shall receive the following with respect to assets pledged by the <br /> Debtor to secure recLuntion of the ATme Site,the Mid-Continent Quarry,and <br /> the Marblehead Quarry. <br /> (i)the Net Proceeds f mn the Rockdust Plant,which shall be sold by the <br /> Credibo&Trustee. Altez=dvely,,at the election of the clause nts,the <br /> ciaiumnts may foreclose on the Rockdust Plant; <br /> (u)$7,000 in cash on the Eff*cdve Date,which shall cause the release of <br /> the deed of Rust on the Cad3ondale Industrial Park secudng <br /> reda=U=of the Mid-Continent Quany;arA <br /> Ciii)the proceeds of the certificates of deposit securing reclamation of <br /> the Mu'blehead Quarry. <br /> Such property,or the Net Proceeds tiroereaf,shall oascststute forfeited bonds <br /> within the meaning of C.R.S.§34-33-V4(4),shall be held by the MLRB,and <br /> shall be eacpended purl ant to Section 43.4 of the Plan. <br /> 4.3-2- Aug on of HedMation Bond. The assets pledged to the Ivgm <br /> and the USM to secure the RecU=tion Bond shall be augmented by cash <br /> payment's from the Creditors"Trust to the ML.RB,in ate amount of$3AW,000, <br /> less: <br /> MCR FaPty To DMG Rnsrm To MC7uw <br /> - -- -- '�' - n ....-. ........,....fir..,,.,.,•,.Q."-Win►n .,.r.,.T <br />