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OFFICE OF GENERAL COUNSEL <br /> MID-CONTINENT RESOURCES, INC. <br /> P.O.DRAWER 790 <br /> 818 COLORADO AVENUE <br /> TELEPHONE GLENWOOD SPRINGS,COLORADO 81602 FAX <br /> AREA CODE 303 AREA CODE 303 <br /> 945.6546 945.2303 <br /> February 22, 1993 <br /> 90 Mr. Steve Renner <br /> Mined Land Reclamation Division <br /> State of Colorado <br /> 1313 Sherman Street, Suite 215 <br /> Denver, CO 80203 <br /> Dear Mr. Renner: <br /> With reference to the Contract of Sale from Mid-Continent <br /> Resources, Inc. to Redstone Development Company (LLC) I enclose <br /> herewith copy of a proposed MLRD Bond attached to which is attached <br /> a "Surety Bond" of International Casualty Underwriters, Inc. The <br /> Surety Bond is obviously defective for purposes of MLRD bonding as <br /> written. Assuming it could be amended, the greater question arises <br /> as to who is International Casualty Underwriters, Inc. We know <br /> nothing about them. <br /> If you think it appropriate, would you mind calling the <br /> Insurance Commissioner' s office to see if this company is <br /> authorized to do business in Colorado. Also, if they have a Best <br /> or other directory of insurance carriers, possibly they could give <br /> you a report on the company. <br /> As one branch of the State of Colorado doing business <br /> with another, I think you would have better luck on this than I <br /> would. <br /> Sincerely, <br /> MID-CONTINENT RESOURCES, INC. <br /> By --- <br /> Robert Delaney <br /> Exec. Vice Presi t and <br /> General Counsel <br /> RD/lta <br /> Enclosure <br />