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ROBERT DEL9NEY TEL No .303-945-2303 Mar . 61 , y6 12 : 2r r- . u� <br /> A G R E E M E N T <br /> THIS AGREEMENT made this day of April, 1993 <br /> between MID-CONTINENT RESOURCES, INC. (MCR) , P. O. Box 500, <br /> Carbondale, Colorado 81623, REDSTONE DEVELOPMENT COMPANY (LLC) <br /> (REDSTONE) 1150 Augusta Way, Salt Lake City, Utah 84048 and MINED <br /> LAND RECLAMATION DIVISION OF THE STATE OF COLORADO (MLRD) whose <br /> address is 1313 Sharman Street, Room 215, Denver, Colorado 80203, <br /> WITNESSETH: <br /> WHEREAS, MCR has contracted to sell the Coal Basin mine <br /> properties in the cDunties of Pitkin and Gunnison, Colorado to <br /> REDSTONE including Fi11 the properties within the permit area of <br /> MLRD Permit C-81-01i with closing to occur following Bankruptcy <br /> Court approval, <br /> WHEREAS, REDSTONE is purchasing the property on the basis <br /> of becoming a Successor Operator to MCR recognizing that Permit C- <br /> 81-017, has been revoked, <br /> WHEREAS, REDSTONE contemplates providing acceptable <br /> corporate surety, or cash, or permitted government bonds or like <br /> securities, for Reclamation Bond in the sum of Three Million <br /> Dollars, <br />