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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 />December 29, 2011 <br />Mr. Ken Coulson <br />Coulson Excavating Company, Inc. <br />3609 North County Road 13 <br />Loveland, CO 80538 <br />Dear Mr. Coulson: <br />Stipulation No. Description <br />1. <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 />Governor <br />Mike King <br />Executive Director <br />Loretta E Pineda <br />Director <br />Re: Stroh Pit, Permit No. M- 2002 -078, Financial Warranty Reduction Approval, Revision No. SR -1 <br />On November 29, 2011 the Division of Reclamation, Mining and Safety approved your request for a Financial <br />Warranty Reduction to $1,000.00. This is a reduction of $144,500.00. This decision reduces the amount of the <br />financial warranty, and does not approve any release of reclamation responsibility for the tasks associated with <br />this request. The following conditions to the approval are noted below: <br />Coulson Excavating Company, Inc. shall request in writing to the DRMS that the <br />financial warranty be increased prior to commencing mining. An increase of the financial <br />warranty shall be requested, and provided with the letter to the DRMS, by Coulson <br />Excavating Company, Inc. to its bonding /surety provider prior to commencing mining. <br />The increased financial warranty and updated bond forms shall also be provided to the <br />DRMS from Coulson Excavating Company, Inc. bonding /surety provider. <br />Please provide a rider to the current Financial Warranty, or submit a new Financial Warranty reflecting this <br />reduction. If you wish to submit a different type of Financial Warranty, please contact our office for the <br />applicable form. <br />If you have any questions, please contact me at (303)866 -3567 x8116. <br />Sincerely, <br />Office of <br />Mined Land Reclamation <br />Michael A. Cunningham <br />Environmental Protection Specialist <br />CC: Barbara Coria, DRMS <br />Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />