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BLC DEVELOPMENT, LLC <br />P.O. Box 72 <br />Lucerne, CO 80646 <br />(970)353-7055 <br />Greg E. Walther <br />Executive Director <br />Division of Minerals and Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Robert W. Cattany <br />Division Director <br />Division of Minerals and Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />June 12, 2003 <br />RECEIVED <br />~ JUN 1 3 2003 <br />9iYision ~f Minerals and Geology <br />~}wl-ol <br />/ 1TgJ~Q^~~Ir.. ~rP. <br />,/ / <br />Re: Shores, Amendment to Permit No. M-1998-013, and all Subsequent Revisions <br />Gentlemen: <br />It is our understanding that on March 11, 2003 the Division of Minerals and Geology <br />approved an amendment application for the above permit, subject to conditions. <br />Please be advised: <br />1. BLC Development, LLC is the owner of all of the real property affected by the <br />above Original Permit granted in 1998 and the property affected by the Amended Permit. (See <br />attached deed). <br />2. Booth Land and Livestock Company entered into a Development and Option <br />Agreement with the George Hall Family LLC, (a copy of which is attached as Exhibit N to the <br />original application and by reference incorporated herein). Section 1.01 of the Development and <br />Option Agreement, hereto attached, provides as follows: <br />"1.01 Mining Plan and Permits. The Buyer, at Buyer's cost, shall propose a <br />mining plan for the property to be mined in the partial shown on Exhibit B (the <br />"mining plan"). The size and shape of the partials shown on Exhibit B may be <br />