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DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866 -3567 <br />FAX: (303) 832 -8106 <br />August 1, 2012 <br />Mr. Trenton Stafford <br />Seifert Construction <br />PO Box 210 <br />Westcliffe, CO 81252 <br />Re: Seifert Construction, Boyer Pit, Permit No. M- 2002 -122, Acceptance of Replacement Financial Warranty <br />Corporate Surety <br />Dear Mr. Stafford: <br />On July 24, 2012, the Division of Reclamation, Mining and Safety received your replacement Financial Warranty <br />Corporate Surety Bond No.2155223, issued by North American Specialty Insurance Company, for Permit No. <br />M- 2002 -122, in the amount of $35,600.00. <br />This Financial Warranty Corporate Surety issued by North American Specialty Insurance Company, Bond No. <br /> in the amount of $35,600.00 is accepted as replacement for your Irrevocable Letter of Credit issued by <br />Century Bank No. This Irrevocable Letter of Credit is being returned to Century Bank for release. A copy <br />is provided for your records. Enclosed is the following bond you originally provided. <br />Bond Type Bond Number Bond Amount <br />Financial Warranty Letter of Credit Third Party $36,100.00 <br />This bond has been released as of June 28, 2012 with your replacement Financial Warranty. You should contact your <br />Bank for confirmation of this release by copy of this letter. <br />If you have any questions, please contact me at 303 866 -3567 ext 8148. <br />Sincerely, <br />1)//d <br />Barbara J. Coria <br />Financial Assurance Specialist <br />Enclosures <br />CERTIFIED MAIL NO. 7010 1060 0001 0936 9737 <br />Return Receipt Requested <br />cc: Tim Cazier, Division Reclamation, Mining & Safety <br />Mr. Paul Sowards Certified Mail receipt No. 7009 2820 0003 5700 6052, return receipt requested <br />Century Bank <br />8220 San Pedro Drive NE Ste 200 <br />Albuquerque, NM 87113 <br />Office of Office of <br />Mined Land Reclamation <br />STATE OF COLORADO <br />COLORADO <br />D I V I S I O N O F <br />RECLAMATION <br />MINING <br />— &— <br />SAFETY <br />John W Hickenlooper <br />Govemor <br />Mike King <br />Executive Director <br />Loretta E Pineda <br />Director <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />