Document:

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Exhibit 4.1

                               OMNIBUS AMENDMENT

THIS OMNIBUS AMENDMENT (this "Amendment"), dated as of March 28, 2008 (the
"Amendment Date"), is made

BY AND BETWEEN:

         PALA INVESTMENTS HOLDINGS LIMITED, of 12 Castle Street, St Helier,
         Jersey,JE2 3RT (the "Lender");

AND:

         RECLAMATION CONSULTING AND APPLICATIONS, INC., a company organized
         under the laws of the State of Colorado, of 940 Calle Amanecer, Suite
         E, San Clemente, CA 92673 (the "Borrower").

WHEREAS, the Lender and the Borrower are parties to a Secured Convertible
Debenture, dated as of December 12, 2007 (the "Debenture"), pursuant to which
the Lender loaned the Borrower Three Million Dollars ($3,000,000) and, under the
terms and subject to the conditions set forth therein, provided for the
potential further loan of Two Million Dollars ($2,000,000);

WHEREAS, in connection with the Debenture, the Lender and the Borrower entered
into a Voting and Right of First Refusal Agreement, dated as of December 12,
2007 (the "Voting Agreement"), a Registration Rights Agreement, dated as of
December 12, 2007 (the "Registration Rights Agreement"), and a Patent and
Trademark Security Agreement, dated as of December 12, 2007 (the "Security
Agreement"; the Debenture, the Voting Agreement, the Registration Rights
Agreement and the Security Agreement are referred to collectively as the
"Debenture Agreements"); and

WHEREAS, the Lender is willing to lend to the Borrower an additional Two and
One-half Million Dollars ($2,500,000) (the "Third Tranche") which shall be
extended to the Borrower on the Amendment Date following the mutual execution of
this Amendment and pursuant to the terms of the Debenture Agreements, in each
case as amended by this Amendment.

NOW, THEREFORE, THIS AGREEMENT WITNESSES that in consideration of the premises
and the mutual covenants and agreements hereinafter set forth, the parties
hereto agree as follows:

1.       DEFINITIONS

Unless a definition is provided for a capitalized term in this Amendment, each
such term shall have the meaning provided to it in the Debenture.

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2.       INTERPRETATION

The provisions of Section 2 of the Debenture shall apply to this Amendment as if
set forth herein, in each case with references to "this Agreement" being
replaced with "this Amendment."

3.       THE AMENDMENTS

         3.1      AMENDMENTS TO THE DEBENTURE

The follow amendments are hereby made to the Debenture:

                  3.1.1    For the avoidance of doubt, the term "Principal" in
                           the Debenture shall include the principal amount of
                           the Third Tranche, the indebtedness comprising the
                           Third Tranche shall be included in the term "Loan" in
                           the Debenture, the Amendment Note (as defined below)
                           shall constitute a "Note" under the Debenture and the
                           Amendment Warrant (as defined below) shall constitute
                           a "Warrant" under the Debenture.

                  3.1.2    The term "Conversion Price" is amended in its
                           entirety to provide as follows:

                           ""Conversion Price" means, with respect to the
                           Principal amount of the First Tranche, Fourteen Cents
                           ($0.14) per share, and, with respect to the Principal
                           amount of each of the Second Tranche and Third
                           Tranche, Seven Cents ($0.07) per share, provided that
                           if Borrower, at any time while the Principal is
                           outstanding, (i) pays a stock dividend on its common
                           stock, (ii) subdivides outstanding shares of common
                           stock into a larger number of shares, or (iii)
                           combines outstanding shares of common stock into a
                           smaller number of shares, then in each such case the
                           applicable Conversion Price shall be adjusted by
                           multiplying (a) such Conversion Price in effect
                           immediately prior to such event, by (b) a fraction of
                           which the numerator shall be the number of shares of
                           common stock outstanding immediately before such
                           event and of which the denominator shall be the
                           number of shares of common stock outstanding
                           immediately after such event;"

                  3.1.3    Each reference to "Conversion Price" shall refer to
                           the Conversion Price applicable to the relevant
                           Principal amount of the First Tranche, Second Tranche
                           or Third Tranche, as the case may be.

                  3.1.4    Section 5.2.8 and Section 5.2.9 of the Debenture are
                           deleted in their entirety.

                                                               OMNIBUS AMENDMENT
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                                                                    Page 2 of 22
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                  3.1.5    Section 6.1.17 of the Debenture is amended in its
                           entirety to provide as follows:

                           "Complete a share reorganization such that the
                           capital structure of the Borrower is substantially as
                           detailed in Schedule K (the "Share Reorganization")
                           by no later than May 25, 2008;"

                  3.1.6    Section 6.2.1 (iii) is amended by replacing the text
                           "Additional advances on Borrower's existing line of
                           credit from Canvasback Company Limited (the "Existing
                           Line of Credit"), provided that the aggregate amount
                           of indebtedness outstanding under the Existing Line
                           of Credit at any time shall not exceed $500,000" with
                           the text "Additional advances on Borrower's existing
                           line of credit from Canvasback Company Limited (the
                           "Existing Line of Credit"), provided that the
                           aggregate amount of indebtedness outstanding under
                           the Existing Line of Credit at any time shall not
                           exceed $230,000".

                  3.1.7    Sections 9.1.1 through 9.1.3 of thee Debenture are
                           deleted in their entirety and replaced with the
                           following Sections 9.1.1 and 9.1.2:

                           "9.1.1   The Borrower has generated positive net cash
                                    provided from operating activities (as
                                    defined under U.S. Generally Accepted
                                    Accounting Principals) for the second
                                    quarter of its 2009 fiscal year (which
                                    quarter commences October 1, 2008 and ends
                                    December 31, 2008); and

                           9.1.2    The Borrower has signed orders or contracts
                                    for the sale of at least one million
                                    (1,000,000) gallons of Alderox during
                                    calendar year 2009."

                  3.1.8    Section 10.8 is amended by replacing the text "which
                           shall fall within sixty (60) days of the Effective
                           Date" with the text "which shall be no later than May
                           25, 2008".

         3.2      AMENDMENTS TO THE REGISTRATION RIGHTS AGREEMENT

The follow amendments are hereby made to the Registration Rights Agreement:

                  3.2.1    For the avoidance of doubt, the term "Registrable
                           Securities" in the Registration Rights Agreement
                           shall include the shares of Common Stock issuable
                           upon conversion of the Amendment Note and upon
                           exercise of the Amendment Warrant.

         3.3      AMENDMENTS TO THE SECURITY AGREEMENT

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                    Page 3 of 22
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The follow amendments are hereby made to the Security Agreement:

                  3.3.1    For the avoidance of doubt, the term "Indebtedness"
                           in the Security Agreement shall include indebtedness
                           comprising the Third Tranche.

         3.4      AMENDMENTS TO THE WARRANT

The follow additional section is added to the certificate representing the
Warrants and shall be included in the certificate representing any Additional
Warrants:

"SECTION 13. CASHLESS EXERCISE. Notwithstanding the foregoing, in lieu of paying
the Exercise Price in connection with the exercise of this Warrant, the Holder
shall have the right to exercise this Warrant or any portion of this Warrant
into Warrant Shares by a cashless exercise by executing and delivering to the
Company at its principal office a written Notice of Exercise in the form
attached to this Warrant marked "CASHLESS EXERCISE". The number of Warrant
Shares to be issued to Holder upon such conversion shall be computed using the
following formula:

                  X  =  ((P)(Y)(A-B))/A

                  where

                  X = the number of Warrant Shares to be issued to the
                      Holder for the portion of the Warrant being converted.

                  P = the portion of the Warrant being converted expressed as a
                      decimal fraction.

                  Y = the total number of Warrant Shares issuable upon exercise
                      of the Warrant in full.

                  A = the market price of a share of Common Stock for the
                      date of exercise (the market price determined, for any
                      date, as the average of the closing prices of the
                      Common Stock on the principal securities exchange or
                      automated quotation system upon which the Common Stock
                      may then be listed for public trading for the five
                      immediately preceding trading days on such exchange).

                  B = the then current Exercise Price (as adjusted to the date
                      of such calculation)."

         3.5      LIMITED AMENDMENT

Any future reference to any Debenture Agreement (including any reference to any
particular Debenture Agreement in any other Debenture Agreement) and any
document or instrument delivered in connection therewith shall, from and after
the date of this Amendment, be deemed to be a reference to such Debenture
Agreement as modified by this Amendment. Except as expressly modified by this
Amendment, each of the Debenture Agreements shall continue to be and remain in
full force and effect in accordance with their respective terms and the Borrower
hereby reaffirms its obligations under each such agreement.

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                    Page 4 of 22
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4.       REPRESENTATIONS AND WARRANTIES

         4.1      REPRESENTATIONS OF THE BORROWER

The Borrower hereby represents and warrants to the Lender that, except as
provided on Annex A hereto, each of the representations and warranties set forth
in Section 5.1 of the Debenture are true and correct as of the Amendment Date,
in each case with references to "this Agreement" referring to the Debenture as
amended by this Amendment.

         4.2      REPRESENTATIONS OF THE LENDER

The Lender hereby represents and warrants to the Borrower that each of the
representations and warranties set forth in Section 5.2 of the Debenture (as
amended by this Amendment) are true and correct as of the Amendment Date, in
each case with references to "this Agreement" referring to the Debenture as
amended by this Amendment.

5.       CONDITIONS PRECEDENT

The Lender's obligation to advance the Third Tranche and the amendments
contemplated hereby shall be subject to the following conditions precedent:

         5.1      DOCUMENTS

The Lender shall have received each of the following, each properly executed by
the Borrower and in form and substance satisfactory to the Lender:

                  5.1.1    This Amendment;

                  5.1.2    A Note substantially in the form of Schedule O (the
                           "Amendment Note");

                  5.1.3    A Warrant certificate, substantially in the form of
                           Schedule P (the "Amendment Warrant"), evidencing two
                           and one-half million (2,500,000) warrants for the
                           purchase of an aggregate of Two and One-half Million
                           (2,500,000) shares of Borrower's common stock,
                           representing one (1) warrant for every One Dollar
                           ($1.00) of Principal provided to Borrower pursuant to
                           this Agreement. The Amendment Warrants shall be
                           exercisable until 5:00 PM Pacific Time three (3)
                           years from the Amendment Date. The Amendment Warrants
                           shall have an exercise price of Twenty One Cents
                           ($0.21) per share.

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                                                                    Page 5 of 22
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         5.2      SECRETARY'S CERTIFICATE

The Lender shall have received a certificate of the Secretary of the Borrower,
dated as of the Amendment Date, (a) attesting to the corporate action taken by
the Borrower with respect to this Amendment, including resolutions of the Board
of Directors authorizing (i) the execution of this Amendment, (ii) the issuance
of the Amendment Note and Amendment Warrant, (iii) the execution of, delivery,
and performance by the Borrower of all other agreements or matters contemplated
hereby or executed in connection herewith, (b) certifying the names and true
signatories of the officers of the Borrower authorized to sign this Agreement,
the Amendment Note, the Amendment Warrant and other documents, instruments or
certificates to be delivered pursuant hereto and thereto, together with the true
signatures of such officers and (c) verifying that the Articles of Incorporation
and the By-Laws of the Borrower attached thereto are true, correct and complete
as of the Amendment Date.

         5.3      OFFICER'S CERTIFICATE

The Lender shall have received a certificate of the President of the Borrower,
dated as of the Amendment Date, which shall certify that the representations and
warranties contained in Section of this Amendment are true and correct as of the
Amendment Date and that all conditions required to be performed prior to the
Amendment Date have been so performed.

         5.4      GOOD STANDING CERTIFICATES

The Lender shall have received a certificate of the appropriate public official
in the jurisdiction of incorporation of the Borrower and each Subsidiary
certifying the due incorporation and good standing of the Borrower and such
Subsidiary together with, in the case of the Borrower, a certified copy of the
Articles of Incorporation of the Borrower.

         5.5      NO PROCEEDINGS OF LITIGATION

No action, suit or proceeding before any arbitrator or any governmental
authority shall have been commenced, and no investigation by any governmental
authority shall have been threatened, against the Borrower or any Subsidiary, or
any of the officers or directors of the Borrower or any Subsidiary seeking to
restrain, prevent or change the transactions contemplated by the Debenture, as
amended by this Amendment Agreement, or seeking damages in connection with such
transactions.

         5.6      NO EVENT OF DEFAULT

No event has occurred and is continuing, or would result from the advance of the
Third Tranche, as the case may be, which constitutes an Event of Default.

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008

                                                                    Page 6 of 22
<PAGE>

6.       GENERAL

         6.1      COUNTERPART AND FAX EXECUTION

This Amendment may be executed in two or more counterparts and by fax
transmission, each of which will be deemed to be an original and all of which
will constitute one agreement, effective as of the date given above.

         6.2      ADDITIONAL AGREEMENT

As soon as reasonably practicable following the execution of this Amendment, the
Borrower agrees to enter into a consulting agreement with Melior AG, an indirect
wholly-owned subsidiary of the Lender, having the terms substantially as set
forth on Annex B hereto. For the avoidance of doubt, a breach of the covenant
contained in this section shall constitute an Event of Default under the
Debenture.

                             SIGNATURES ON NEXT PAGE

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008

                                                                    Page 7 of 22
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
Amendment Date.

LENDER

PALA INVESTMENTS HOLDINGS LIMITED

   /s/Susan Garrod
----------------------------------

BORROWER

RECLAMATION CONSULTING AND APPLICATIONS, INC.,
a Colorado corporation

   /s/ Michael Davies
-------------------------------------
By:      Michael C. Davies
Its:     Chief Executive Officer

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                    Page 8 of 22
<PAGE>

                                   SCHEDULE O

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THESE
SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO
THE ISSUER, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER
THE ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS
UNDER THE ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT
REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE LAWS, AND THE HOLDER
HAS, PRIOR TO SUCH SALE, FURNISHED TO THE ISSUER AN OPINION OF COUNSEL OR OTHER
EVIDENCE OF EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER. THE
HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY HEDGING
TRANSACTION WITH REGARD TO THIS SECURITY, EXCEPT AS PERMITTED BY THE ACT.

                                 PROMISSORY NOTE

$2,500,000                                                       March 28, 2008

This Promissory Note is being issued pursuant to a Secured Convertible Debenture
dated for reference as of December 12, 2007 between Pala Investments Holdings
Limited and Reclamation Consulting and Applications, Inc., as amended to date
(the "Convertible Debenture"). Capitalized terms used in this Promissory Note
are defined in the Convertible Debenture shall have the same meanings as defined
therein, unless otherwise defined herein.

FOR VALUE RECEIVED, Reclamation Consulting and Applications, Inc. (the
"Borrower"), of 940 Calle Amanecer, Suite E, San Clemente, CA 92673, PROMISES TO
PAY on December 11, 2010 or on demand in accordance with the terms of the
Convertible Debenture, to the order of Pala Investments Holdings Limited (the
"Lender"), at 12 Castle Street, St. Helier, Jersey, JE2 3RT, Channel Islands,
the sum of Two and One-half Million Dollars ($2,500,000), together with any
accrued unpaid interest and costs and expenses outstanding as of such date (the
"Indebtedness"). Interest on the Indebtedness at the rate of Twelve Percent
(12%) per annum (or the highest interest rate permissible by applicable law,
whichever is lower) (the "Interest Rate"), compounded on the last day of each
fiscal quarter of the Borrower, will accrue until the earlier of (i) the
Maturity Date, (ii) the date the Loan is repaid in full, or (iii) the date that
the Indebtedness is converted to Borrower's common stock pursuant to the terms
of the Convertible

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                    Page 9 of 22

<PAGE>

Debenture. Notwithstanding the foregoing, following the occurrence of an Event
of Default and pursuant to Subsection 7.2.3. of the Convertible Debenture, the
Interest Rate shall be Sixteen Percent (16%) per annum (or the highest interest
rate permissible by applicable law, whichever is lower), until the earlier of
(i) the date such Event of Default is cured, (ii) the date the Indebtedness is
repaid in full, or (iii) the date that the Indebtedness is converted to
Borrower's common stock pursuant to the terms of the Convertible Debenture.

The obligations of the Borrower to pay the Indebtedness to the Lender will
terminate if and to the extent that the Indebtedness is converted in accordance
with Section 4 of the Convertible Debenture.

The Borrower waives presentment or other demand for payment, notice of dishonor,
protest and non-payment.

The Borrower may prepay all or any portion of the Indebtedness at any time or
from time to time without penalty, bonus or charges.

The Borrower shall pay all costs of collection, including reasonable attorneys'
fees and legal expenses if this Promissory Note is not paid when due, whether or
not legal proceedings are commenced.

                                  Reclamation Consulting and Applications, Inc.,
                                  a Colorado corporation

                                  ---------------------------------------
                                  By:  Michael C. Davies
                                  Its:  Chief Executive Officer

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 10 of 22
<PAGE>

                                   SCHEDULE P

                               WARRANT CERTIFICATE

No. _____________                                             2,500,000 Warrants

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THESE
SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO
THE ISSUER, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER
THE ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS
UNDER THE ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT
REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE LAWS, AND THE HOLDER
HAS, PRIOR TO SUCH SALE, FURNISHED TO THE ISSUER AN OPINION OF COUNSEL OR OTHER
EVIDENCE OF EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER. THE
HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY HEDGING
TRANSACTION WITH REGARD TO THIS SECURITY, EXCEPT AS PERMITTED BY THE ACT.

                                WARRANTS FOR THE
                            PURCHASE OF COMMON STOCK

THIS CERTIFIES THAT, FOR VALUE RECEIVED, PALA INVESTMENTS HOLDINGS LIMITED, (the
"Holder"), is the owner of warrants (the "Warrants") for the purchase of up to
an aggregate of 2,500,000 shares of validly-issued, fully-paid and
non-assessable Common Stock (as defined below) of RECLAMATION CONSULTING AND
APPLICATIONS, INC., a corporation organized and existing under the laws of the
State of Colorado (the "Corporation"). Such purchase may be made at any time,
and from time to time, prior to the Expiration Date (as defined below) upon the
presentation and surrender of this Warrant Certificate with a written notice in
the form of Attachment 1, attached hereto, signed by the Holder stating the
number of shares of Common Stock with respect to which such exercise is being
made, at the principal corporate address of the Corporation, accompanied by
payment of the Exercise Price (as defined below) for each Warrant exercised in
lawful money of the United States of America in cash or by official bank or
certified check made payable to RECLAMATION CONSULTING AND APPLICATIONS, INC.
The Exercise Price is subject to modification or adjustment as set forth herein.
The Warrants represented by this Warrant Certificate have been issued by the
Corporation in connection with the Secured Convertible Debenture, dated as of
December 12, 2007, by and between the Corporation and the Holder, as amended to
date.

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                                                                   Page 11 of 22
<PAGE>

SECTION 1. DEFINITIONS. As used herein, the following terms shall have the
following meanings, unless the context shall otherwise require:

         (a) "Common Stock" shall mean the common stock of the Corporation,
         which has the right to participate in the distribution of earnings and
         assets of the Corporation without limit as to amount or percentage.

         (b) "Corporate Office" shall mean the office of the Corporation at
         which, at any particular time, its principal business shall be
         administered, which office is currently located at 940 Calle Amanecer,
         Suite E, San Clemente, CA 92673.

         (c) "Exercise Date" shall mean, as to any Warrant, the date on which
         the Corporation shall have received both (i) this Warrant Certificate,
         together with a written notice of exercise in accordance herewith, duly
         executed by the Holder hereof, or his attorney duly authorized in
         writing, and indicating that the Holder is thereby exercising such
         Warrant(s), and (ii) payment by wire transfer, or by official bank or
         certified check made payable to the Corporation, of an amount in lawful
         money of the United States of America equal to the applicable Exercise
         Price for such Warrant(s).

         (d) "Exercise Period" shall mean the period commencing as of December
         12, 2007 and expiring on the Expiration Date.

         (e) "Exercise Price" shall mean, as to any Warrant, the price at which
         a Warrant may be exercised for the purchase of Warrant Shares, which
         shall be $0.21, subject to adjustment from time to time pursuant to the
         provisions of Section 5 hereof.

         (f) "Expiration Date" shall mean 5:00 P.M. (Pacific Time) on March 27,
         2011. If such date shall be a holiday or a day on which banks are
         authorized to be closed in the State of California, then the Expiration
         Date shall mean 5:00 P.M. (Pacific Time) of the next consecutive day
         which does not fall on a holiday or a day on which banks are authorized
         to be closed in the State of California.

         (g) "Securities Act" shall mean the Securities Act of 1933, and any
         amendments or modifications, or successor legislation, thereto adopted,
         and all regulations, rules or other laws enacted or adopted pursuant
         thereto.

         (h) "Warrant Certificate" shall mean this certificate.

         (i) "Warrant Registry" means the official record maintained by the
         Corporation in which are recorded, with respect to the Warrant
         Certificate and any other certificate representing the Warrants issued
         by the Corporation, the date of issuance, the name and address of the
         Holder, the name and address of each subsequent transferee of the
         Holder, and the identifying number, of such certificate.

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                                                                  March 28, 2008
                                                                   Page 12 of 22
<PAGE>

         (j) "Warrant Shares" shall have the meaning given to it in Section 2 of
         this Warrant Certificate.

SECTION 2.  EXERCISE OF WARRANTS.

         (a) Each Warrant evidenced hereby may be exercised by the Holder upon
         the terms and subject to the conditions set forth herein prior the
         Expiration Date. A Warrant shall be deemed to have been exercised
         immediately prior to the close of business on the Exercise Date and the
         person entitled to receive shares of Common Stock deliverable upon such
         exercise ("Warrant Shares") shall be treated for all purposes as the
         holder of a Warrant Share upon the exercise of the applicable Warrant
         as of the close of business on the Exercise Date. Promptly following,
         and in any event within ten (10) business days after, the date on which
         the Corporation first receives clearance of all funds received in
         payment of the Exercise Price pursuant to this Warrant Certificate, the
         Corporation shall cause to be issued and delivered to the person or
         persons entitled to receive the same, a certificate or certificates
         evidencing the issuance to the Holder of the applicable number of
         Warrant Shares (plus a Warrant Certificate for any remaining issued but
         unexercised Warrants of the Holder). Notwithstanding the foregoing
         sentence, in the event that any registration or qualification (or
         filing for exemption from any such requirements) is required prior to
         the issuance of such Warrant Shares by the Corporation in accordance
         with Section 3(b) below, then the obligation to deliver any such
         certificates shall arise only upon completion of such requirements and
         at such time as the Corporation may lawfully do so.

         (b) Upon the exercise of the Warrants represented hereby, if the
         Corporation so requests, the Holder shall certify to the Corporation
         that it is not exercising such Warrants with a view to distribute the
         Warrant Shares in violation of the Securities Act, and shall provide
         such other investor representations as the Corporation may require to
         confirm the ability of the Corporation to rely upon the exemption from
         registration under the Securities Act which applies to the distribution
         of Warrant Shares at the time of such distribution.

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                                                                  March 28, 2008
                                                                   Page 13 of 22
<PAGE>

SECTION 3.  RESERVATION OF SHARES; TAXES; ETC.

         (a) The Corporation covenants that it will at all times reserve and
         keep available out of its authorized Common Stock, solely for the
         purpose of issue upon the valid exercise of Warrants, such number of
         Warrant Shares as shall then be issuable upon the exercise of all
         Warrants then outstanding. The Corporation covenants that all shares of
         Common Stock which shall be issuable upon exercise of the Warrants
         shall, at the time of delivery, be duly and validly issued, fully-paid,
         non-assessable and free from all taxes, liens and charges with respect
         to the issuance thereof (other than those which the Corporation shall
         promptly pay or discharge, or any liens created thereon by the Holder
         and/or any predecessor of the Holder).

         (b) The Corporation shall not be obligated to deliver any Warrant
         Shares pursuant to the exercise of the Warrants represented hereby
         unless and until a registration statement under the Securities Act
         and/or under any applicable state securities laws and regulations, with
         respect to such securities is effective, or an exemption from such
         registration is available to the Corporation at the time of such
         exercise. The Corporation covenants that if any Warrant Shares reserved
         for the purpose of exercise of Warrants hereunder require registration
         with, or approval of, any governmental authority under any federal or
         state securities law before such securities may be validly issued or
         delivered upon such exercise, then the Corporation will in good faith
         and as expeditiously as reasonably possible, endeavor to secure such
         registration or approval. However, in the event that this Warrant
         Certificate represents Warrants which have been transferred by the
         Holder, the Warrants represented hereby may not be exercised by, nor
         shares of Common Stock issued to, the holder hereof in any state in
         which such exercise and issuance would be unlawful.

         (c) The Corporation shall pay all documentary, stamp or similar taxes
         and other governmental charges that may be imposed with respect to the
         issuance of the Warrants, or the issuance or delivery of any shares of
         Common Stock upon exercise of the Warrants; provided, however, that if
         the shares of Common Stock are to be delivered in a name other than the
         name of the Holder, then no such delivery shall be made unless the
         person requesting the same has paid to the Corporation the amount of
         transfer taxes or charges incident thereto, if any.

SECTION 4. LOSS OR MUTILATION. Upon receipt by the Corporation of evidence
satisfactory to it of the ownership of, and loss, theft, destruction or
mutilation of, this Warrant Certificate and (in case of loss, theft or
destruction) of indemnity satisfactory to the Corporation, and (in the case of
mutilation) upon surrender and cancellation thereof, the Corporation shall
execute and deliver to the Holder in lieu thereof a new Warrant Certificate of
like tenor representing an equal aggregate number of Warrants as was indicated
to be outstanding on the prior lost or mutilated Warrant Certificate; provided,
however, that to the extent that any discrepancy may exist between the number of
Warrants purported to be outstanding in respect of the Holder as evidenced by a
Warrant Certificate that has been lost or mutilated and the number attributable
to the Holder in the Warrant Registry, then the Warrant Registry shall control
for all purposes, absent a showing of manifest error. If the Holder requests a
substitute Warrant Certificate due to loss, theft or destruction shall, prior to
receiving such substitute certificate, the Holder shall provide an affidavit to
the Corporation in the form prescribed thereby and signed by (and notarized on
behalf of) the Holder. Applicants for a substitute Warrant Certificate shall
comply with such other reasonable regulations and pay such other reasonable
charges as the Corporation may prescribe.

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 14 of 22
<PAGE>

SECTION 5. ADJUSTMENT OF EXERCISE PRICE. Subject to the provisions of this
Warrant Certificate and applicable law, in the event the Corporation, at any
time or from time to time after the date hereof while the Warrants are
outstanding, (i) pays a stock dividend on its common stock, (ii) subdivides
outstanding shares of common stock into a larger number of shares, or (iii)
combines outstanding shares of common stock into a smaller number of shares,
then in each such case the Exercise Price shall be adjusted to be equal to $0.21
multiplied by a fraction of which the numerator shall be the number of shares of
common stock outstanding immediately before such event and of which the
denominator shall be the number of shares of common stock outstanding
immediately after such event.

SECTION 6.        RESTRICTIVE LEGEND.

         (a) Except as otherwise provided in this Section 6, each Warrant
         Certificate and each certificate evidencing the issuance of Warrant
         Shares (whether issued in the name of the Holder of this Warrant
         Certificate or of any subsequent transferee thereof), shall be stamped
         or otherwise imprinted with a legend in substantially the following
         form:

                  "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT
                  BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
                  AS AMENDED (THE "ACT"). THESE SECURITIES MAY BE OFFERED, SOLD,
                  PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO THE ISSUER, (B)
                  OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S
                  UNDER THE ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM THE
                  REGISTRATION REQUIREMENTS UNDER THE ACT PROVIDED BY RULE 144
                  THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE WITH APPLICABLE
                  STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT
                  REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE
                  LAWS, AND THE HOLDER HAS, PRIOR TO SUCH SALE, FURNISHED TO THE
                  ISSUER AN OPINION OF COUNSEL OR OTHER EVIDENCE OF EXEMPTION,
                  IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER. THE
                  HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY
                  HEDGING TRANSACTION WITH REGARD TO THIS SECURITY, EXCEPT AS
                  PERMITTED BY THE ACT."

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 15 of 22
<PAGE>

         (b) Each certificate evidencing the issuance of Warrant Shares and each
         Warrant Certificate may also bear such other restrictive legends as may
         be necessary to comply with applicable law in the Corporation's
         reasonable discretion. The legend requirements of Section 6(a) above
         shall terminate as to any particular Warrant or Warrant Share: (i) if
         and so long as such security shall have been effectively registered
         under the Securities Act and is disposed of pursuant thereto; or (ii)
         when the Corporation shall have received an opinion of counsel
         reasonably satisfactory to it that such shares may be sold to the
         public without registration thereof under the Securities Act. Whenever
         the legend requirements imposed by this Section 6 shall terminate as to
         any Warrant Share, as hereinabove provided, the Holder hereof shall be
         entitled to receive from the Corporation, at the Corporation's expense,
         a new certificate representing such Warrant Shares and not bearing the
         restrictive legend set forth in Section 6(a).

SECTION 7. RIGHTS OF ACTION. All rights of action with respect to the Warrants
are vested in the Holder of the Warrants, and the Holder of the Warrant, without
consent of the holder of any other warrants of the Corporation, may, in the
Holder's own behalf and for his own benefit, enforce against the Corporation the
Holder's right to exercise the Holder's Warrants for the purchase of Warrant
Shares in the manner provided in this Warrant Certificate.

SECTION 8. AGREEMENT OF WARRANT HOLDERS. Every holder of a Warrant, by his or
her acceptance thereof, consents and agrees with the Corporation and every other
holder of a Warrant that:

         (a) the Warrant Registry shall be maintained by the Corporation's
         Secretary, and shall be the official register of all Warrants issued to
         any person in connection with the Convertible Debenture. The Warrant
         Registry shall be dispositive as to the issuance, ownership, transfer
         and other aspects of each Warrant issued by the Corporation which are
         recorded therein and, absent manifest error, such records shall control
         for all purposes;

         (b) the Warrants are transferable only on the Warrant Registry by the
         Holder thereof in person or by his attorney duly authorized in writing
         and only if the Warrant Certificates representing such Warrants are
         surrendered at the Corporate Office of the Corporation, duly endorsed
         or accompanied by a proper instrument of transfer satisfactory to the
         Corporation in its sole discretion, together with payment of the amount
         of any applicable transfer taxes; and

         (c) the Corporation may deem and treat the person in whose name the
         Warrant Certificate is registered on the Warrant Registry as the Holder
         and as the absolute, true and lawful owner of the Warrants represented
         thereby for all purposes, and the Corporation shall not be affected by
         any notice or knowledge to the contrary, except as otherwise expressly
         provided in this Warrant Certificate.

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 16 of 22
<PAGE>

SECTION 9. MODIFICATION OF WARRANTS. Other than with respect to any adjustment
made by the Corporation in accordance with the provisions of Section 5 hereof,
this Warrant Certificate may only be modified, supplemented or altered by the
Corporation, and only with the consent in writing of the Holder.

SECTION 10. NOTICES. All notices, requests, consents and other communications
hereunder shall be in writing and shall be deemed to have been made when
delivered or mailed first class registered or certified mail, postage prepaid as
follows: if to the Holder of a Warrant Certificate, at the address of such
Holder as shown on the Warrant Registry maintained by the Corporation; and if to
the Corporation, addressed as set forth below, or at such other address as may
be designated by the Corporation from time to time in accordance with this
Section 10:

If to the Corporation:                  Reclamation Consulting and
                                        Applications, Inc.
                                        940 Calle Amanecer, Suite E
                                        San Clemente, CA  92673
                                        Attn:    Mr. Gordon W. Davies
                                                 President

With a copy (which shall
not constitute notice)                  to: August Law Group, P.C.
                                        19200 Von Karman, Suite 900
                                        Irvine, California  92614
                                        Attn:    Kenneth S. August, Esquire
                                                 President

SECTION 11. GOVERNING LAW; VENUE. This Warrant Certificate shall be governed by
and construed in accordance with the internal laws of the State of California
applicable to the performance and enforcement of contracts made within such
State, without giving effect to the law of conflicts of laws applied thereby. In
the event that any dispute shall occur between the parties arising out of or
resulting from the construction, interpretation, enforcement or any other aspect
of this Warrant Certificate, the parties hereby agree to accept the exclusive
jurisdiction of the Courts of the State of California sitting in and for the
County of Orange.

SECTION 12. ENTIRE UNDERSTANDING. This Warrant Certificate contains the entire
understanding among the Corporation and the Holder relating to the subject
matter covered herein, and merges all prior discussions, negotiations and
agreements, if any between them. Neither of the Holder nor the Corporation shall
be bound by any representations, warranties, covenants, or other understandings
relating to such subject matter, other than as expressly provided for or
referred to herein.

SECTION 13. CASHLESS EXERCISE. Notwithstanding the foregoing, in lieu of paying
the Exercise Price in connection with the exercise of this Warrant, the Holder
shall have the right to exercise this Warrant or any portion of this Warrant
into Warrant Shares by a cashless exercise by executing and delivering to the
Company at its principal office a written Notice of Exercise in the form
attached to this Warrant marked "CASHLESS EXERCISE". The number of Warrant
Shares to be issued to Holder upon such conversion shall be computed using the
following formula:

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 17 of 22
<PAGE>

                  X  =  ((P)(Y)(A-B))/A

                  where

                  X   =  the number of Warrant Shares of Common Stock to be
                         issued to the Holder for the portion of the Warrant
                         being converted.

                  P =   the portion of the Warrant being converted expressed as
                        a decimal fraction.

                  Y =   the total number of Warrant Shares issuable upon
                        exercise of the Warrant in full.

                  A =   the market price of a share of Common Stock for the
                        date of exercise (the market price determined, for any
                        date, as the average of the closing prices of the
                        Common Stock on the principal securities exchange or
                        automated quotation system upon which the Common Stock
                        may then be listed for public trading for the five
                        immediately preceding trading days on such exchange).

                  B =   the then current Exercise Price (as adjusted to the date
                        of such calculation).

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 18 of 22
<PAGE>

         IN WITNESS WHEREOF, the Corporation has caused this Warrant Certificate
to be duly executed, manually or in facsimile, by an officer thereunto duly
authorized, as of the date set forth below.

Date:    March 28, 2008

RECLAMATION CONSULTING AND APPLICATIONS, INC.,
a Colorado corporation

------------------------------------
By:  Michael C. Davies
Its:  Chief Executive Officer

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 19 of 22
<PAGE>

                                  ATTACHMENT 1
                                  ------------

                               TO WARRANTS FOR THE

                            PURCHASE OF COMMON STOCK

                               NOTICE OF EXERCISE

TO:      RECLAMATION CONSULTING AND APPLICATIONS, INC. (THE "CORPORATION")

1.       The undersigned hereby elects to purchase ____________ shares of
         Corporation common stock, pursuant to the terms of the attached
         Warrant, and tenders herewith payment of the exercise price in full,
         together with all applicable transfer taxes, if any.

2.       The undersigned hereby certifies that it is not a U.S. Person (as
         defined by Rule 902 of the Securities Act of 1933, as amended) and that
         the warrant is not being exercised for the account or benefit of or on
         behalf of a U.S. Person.

3.       Please issue a certificate or certificates representing said shares of
         Corporation common stock in the name of the undersigned or in such
         other name as is specified below:

                                    ----------------------------------
                                    (Name)

                                    ----------------------------------
                                    (Address)

---------------------                    -----------------------------
(Date)                                   (Name of Warrant Holder)

                                         By:
                                            ------------------------------------

                                         Title:
                                                 -------------------------------
                                                 (Name of purchaser, and title
                                                 and signature of authorized
                                                 person)

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 20 of 22
<PAGE>

                                     ANNEX A

                             SCHEDULE OF EXCEPTIONS

SHARES OUTSTANDING

                            Current                    Fully Diluted
                         127,482,048                    258,361,307

SHARES OUTSTANDING POST-REORGANIZATION

                            Current                   Fully Diluted
                          63,741,024                     146,246,361

EXISTING INDEBTEDNESS (PRINCIPAL AND INTEREST)

                                            Current ($)    Post-Financing ($)
-----------------------------------------------------------------------------
Convertible Notes                            1,400,091       1,400,091
Secured Convertible Debentures(1)            4,307,951       5,602,575
Unsecured Convertible Debentures               995,056         995,056
Line of Credit                                 165,622         165,622
Other Loans                                    269,834         269,834
----------------------------------------------------------------------
Total                                        7,138,554       8,433,178

1.  Includes the $2,500,000 Third Tranche

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 21 of 22
<PAGE>

                                     ANNEX B

                           CONSULTING AGREEMENT TERMS

1. Term of two years from the date of signing the consulting agreement.

2. For year one, Melior AG will receive $200,000, payable in shares at the
Consulting Agreement Conversion Price (as defined in Section 5 to this Annex B).

3. For year two, Melior AG will receive $350,000, payable either in shares or
cash at the option of the Borrower. If paid in shares, Melior AG will receive
the number of shares to which it is entitled using the Consulting Agreement
Conversion Price (as defined in Section 5 to this Annex B).

4. Melior AG will provide the services of Allan Bulckaert (Chief Executive
Officer, Melior AG) and Steven Chambers (Chief Financial Officer, Melior AG) to
provide certain management and consultancy services to be described in detail in
the final agreement.

5. The "Consulting Agreement Conversion Price" shall be $0.07 per share,
provided that if Borrower, (i) pays a stock dividend on its common stock, (ii)
subdivides outstanding shares of common stock into a larger number of shares, or
(iii) combines outstanding shares of common stock into a smaller number of
shares, then in each such case the applicable Consulting Agreement Conversion
Price shall be adjusted by multiplying (a) such Consulting Agreement Conversion
Price in effect immediately prior to such event, by (b) a fraction of which the
numerator shall be the number of shares of common stock outstanding immediately
before such event and of which the denominator shall be the number of shares of
common stock outstanding immediately after such event.

6. The consulting agreement will contain an indemnity from the Borrower in favor
of Melior AG and its related parties in the standard form used by Melior AG in
its agreements.

                                                               OMNIBUS AMENDMENT
                                                                  March 28, 2008
                                                                   Page 22 of 22<PAGE>

                               WARRANT CERTIFICATE

No. _____________                                             2,500,000 Warrants

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THESE
SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO
THE ISSUER, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S UNDER
THE ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM THE REGISTRATION REQUIREMENTS
UNDER THE ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT
REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE LAWS, AND THE HOLDER
HAS, PRIOR TO SUCH SALE, FURNISHED TO THE ISSUER AN OPINION OF COUNSEL OR OTHER
EVIDENCE OF EXEMPTION, IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER. THE
HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY HEDGING
TRANSACTION WITH REGARD TO THIS SECURITY, EXCEPT AS PERMITTED BY THE ACT.

                                WARRANTS FOR THE
                            PURCHASE OF COMMON STOCK

THIS CERTIFIES THAT, FOR VALUE RECEIVED, PALA INVESTMENTS HOLDINGS LIMITED, (the
"Holder"), is the owner of warrants (the "Warrants") for the purchase of up to
an aggregate of 2,500,000 shares of validly-issued, fully-paid and
non-assessable Common Stock (as defined below) of RECLAMATION CONSULTING AND
APPLICATIONS, INC., a corporation organized and existing under the laws of the
State of Colorado (the "Corporation"). Such purchase may be made at any time,
and from time to time, prior to the Expiration Date (as defined below) upon the
presentation and surrender of this Warrant Certificate with a written notice in
the form of Attachment 1, attached hereto, signed by the Holder stating the
number of shares of Common Stock with respect to which such exercise is being
made, at the principal corporate address of the Corporation, accompanied by
payment of the Exercise Price (as defined below) for each Warrant exercised in
lawful money of the United States of America in cash or by official bank or
certified check made payable to RECLAMATION CONSULTING AND APPLICATIONS, INC.
The Exercise Price is subject to modification or adjustment as set forth herein.
The Warrants represented by this Warrant Certificate have been issued by the
Corporation in connection with the Secured Convertible Debenture, dated as of
December 12, 2007, by and between the Corporation and the Holder, as amended to
date.

<PAGE>

SECTION 1. DEFINITIONS. As used herein, the following terms shall have the
following meanings, unless the context shall otherwise require:

         (a) "Common Stock" shall mean the common stock of the Corporation,
         which has the right to participate in the distribution of earnings and
         assets of the Corporation without limit as to amount or percentage.

         (b) "Corporate Office" shall mean the office of the Corporation at
         which, at any particular time, its principal business shall be
         administered, which office is currently located at 940 Calle Amanecer,
         Suite E, San Clemente, CA 92673.

         (c) "Exercise Date" shall mean, as to any Warrant, the date on which
         the Corporation shall have received both (i) this Warrant Certificate,
         together with a written notice of exercise in accordance herewith, duly
         executed by the Holder hereof, or his attorney duly authorized in
         writing, and indicating that the Holder is thereby exercising such
         Warrant(s), and (ii) payment by wire transfer, or by official bank or
         certified check made payable to the Corporation, of an amount in lawful
         money of the United States of America equal to the applicable Exercise
         Price for such Warrant(s).

         (d) "Exercise Period" shall mean the period commencing as of December
         12, 2007 and expiring on the Expiration Date.

         (e) "Exercise Price" shall mean, as to any Warrant, the price at which
         a Warrant may be exercised for the purchase of Warrant Shares, which
         shall be $0.21, subject to adjustment from time to time pursuant to the
         provisions of Section 5 hereof.

         (f) "Expiration Date" shall mean 5:00 P.M. (Pacific Time) on March 27,
         2011. If such date shall be a holiday or a day on which banks are
         authorized to be closed in the State of California, then the Expiration
         Date shall mean 5:00 P.M. (Pacific Time) of the next consecutive day
         which does not fall on a holiday or a day on which banks are authorized
         to be closed in the State of California.

         (g) "Securities Act" shall mean the Securities Act of 1933, and any
         amendments or modifications, or successor legislation, thereto adopted,
         and all regulations, rules or other laws enacted or adopted pursuant
         thereto.

         (h) "Warrant Certificate" shall mean this certificate.

         (i) "Warrant Registry" means the official record maintained by the
         Corporation in which are recorded, with respect to the Warrant
         Certificate and any other certificate representing the Warrants issued
         by the Corporation, the date of issuance, the name and address of the
         Holder, the name and address of each subsequent transferee of the
         Holder, and the identifying number, of such certificate.

                                       2
<PAGE>

         (j) "Warrant Shares" shall have the meaning given to it in Section 2 of
         this Warrant Certificate.

SECTION 2.  EXERCISE OF WARRANTS.

         (a) Each Warrant evidenced hereby may be exercised by the Holder upon
         the terms and subject to the conditions set forth herein prior the
         Expiration Date. A Warrant shall be deemed to have been exercised
         immediately prior to the close of business on the Exercise Date and the
         person entitled to receive shares of Common Stock deliverable upon such
         exercise ("Warrant Shares") shall be treated for all purposes as the
         holder of a Warrant Share upon the exercise of the applicable Warrant
         as of the close of business on the Exercise Date. Promptly following,
         and in any event within ten (10) business days after, the date on which
         the Corporation first receives clearance of all funds received in
         payment of the Exercise Price pursuant to this Warrant Certificate, the
         Corporation shall cause to be issued and delivered to the person or
         persons entitled to receive the same, a certificate or certificates
         evidencing the issuance to the Holder of the applicable number of
         Warrant Shares (plus a Warrant Certificate for any remaining issued but
         unexercised Warrants of the Holder). Notwithstanding the foregoing
         sentence, in the event that any registration or qualification (or
         filing for exemption from any such requirements) is required prior to
         the issuance of such Warrant Shares by the Corporation in accordance
         with Section 3(b) below, then the obligation to deliver any such
         certificates shall arise only upon completion of such requirements and
         at such time as the Corporation may lawfully do so.

         (b) Upon the exercise of the Warrants represented hereby, if the
         Corporation so requests, the Holder shall certify to the Corporation
         that it is not exercising such Warrants with a view to distribute the
         Warrant Shares in violation of the Securities Act, and shall provide
         such other investor representations as the Corporation may require to
         confirm the ability of the Corporation to rely upon the exemption from
         registration under the Securities Act which applies to the distribution
         of Warrant Shares at the time of such distribution.

                                       3
<PAGE>

SECTION 3.  RESERVATION OF SHARES; TAXES; ETC.

         (a) The Corporation covenants that it will at all times reserve and
         keep available out of its authorized Common Stock, solely for the
         purpose of issue upon the valid exercise of Warrants, such number of
         Warrant Shares as shall then be issuable upon the exercise of all
         Warrants then outstanding. The Corporation covenants that all shares of
         Common Stock which shall be issuable upon exercise of the Warrants
         shall, at the time of delivery, be duly and validly issued, fully-paid,
         non-assessable and free from all taxes, liens and charges with respect
         to the issuance thereof (other than those which the Corporation shall
         promptly pay or discharge, or any liens created thereon by the Holder
         and/or any predecessor of the Holder).

         (b) The Corporation shall not be obligated to deliver any Warrant
         Shares pursuant to the exercise of the Warrants represented hereby
         unless and until a registration statement under the Securities Act
         and/or under any applicable state securities laws and regulations, with
         respect to such securities is effective, or an exemption from such
         registration is available to the Corporation at the time of such
         exercise. The Corporation covenants that if any Warrant Shares reserved
         for the purpose of exercise of Warrants hereunder require registration
         with, or approval of, any governmental authority under any federal or
         state securities law before such securities may be validly issued or
         delivered upon such exercise, then the Corporation will in good faith
         and as expeditiously as reasonably possible, endeavor to secure such
         registration or approval. However, in the event that this Warrant
         Certificate represents Warrants which have been transferred by the
         Holder, the Warrants represented hereby may not be exercised by, nor
         shares of Common Stock issued to, the holder hereof in any state in
         which such exercise and issuance would be unlawful.

         (c) The Corporation shall pay all documentary, stamp or similar taxes
         and other governmental charges that may be imposed with respect to the
         issuance of the Warrants, or the issuance or delivery of any shares of
         Common Stock upon exercise of the Warrants; provided, however, that if
         the shares of Common Stock are to be delivered in a name other than the
         name of the Holder, then no such delivery shall be made unless the
         person requesting the same has paid to the Corporation the amount of
         transfer taxes or charges incident thereto, if any.

SECTION 4  LOSS OR MUTILATION. Upon receipt by the Corporation of evidence
satisfactory to it of the ownership of, and loss, theft, destruction or
mutilation of, this Warrant Certificate and (in case of loss, theft or
destruction) of indemnity satisfactory to the Corporation, and (in the case of
mutilation) upon surrender and cancellation thereof, the Corporation shall
execute and deliver to the Holder in lieu thereof a new Warrant Certificate of
like tenor representing an equal aggregate number of Warrants as was indicated
to be outstanding on the prior lost or mutilated Warrant Certificate; provided,
however, that to the extent that any discrepancy may exist between the number of
Warrants purported to be outstanding in respect of the Holder as evidenced by a
Warrant Certificate that has been lost or mutilated and the number attributable

                                       4
<PAGE>

to the Holder in the Warrant Registry, then the Warrant Registry shall control
for all purposes, absent a showing of manifest error. If the Holder requests a
substitute Warrant Certificate due to loss, theft or destruction shall, prior to
receiving such substitute certificate, the Holder shall provide an affidavit to
the Corporation in the form prescribed thereby and signed by (and notarized on
behalf of) the Holder. Applicants for a substitute Warrant Certificate shall
comply with such other reasonable regulations and pay such other reasonable
charges as the Corporation may prescribe.

SECTION 5. ADJUSTMENT OF EXERCISE PRICE. Subject to the provisions of this
Warrant Certificate and applicable law, in the event the Corporation, at any
time or from time to time after the date hereof while the Warrants are
outstanding, (i) pays a stock dividend on its common stock, (ii) subdivides
outstanding shares of common stock into a larger number of shares, or (iii)
combines outstanding shares of common stock into a smaller number of shares,
then in each such case the Exercise Price shall be adjusted to be equal to $0.21
multiplied by a fraction of which the numerator shall be the number of shares of
common stock outstanding immediately before such event and of which the
denominator shall be the number of shares of common stock outstanding
immediately after such event.

SECTION 6.  RESTRICTIVE LEGEND.

         (a) Except as otherwise provided in this Section 6, each Warrant
         Certificate and each certificate evidencing the issuance of Warrant
         Shares (whether issued in the name of the Holder of this Warrant
         Certificate or of any subsequent transferee thereof), shall be stamped
         or otherwise imprinted with a legend in substantially the following
         form:

                  "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT
                  BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933,
                  AS AMENDED (THE "ACT"). THESE SECURITIES MAY BE OFFERED, SOLD,
                  PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO THE ISSUER, (B)
                  OUTSIDE THE UNITED STATES IN COMPLIANCE WITH REGULATION S
                  UNDER THE ACT, (C) IN COMPLIANCE WITH THE EXEMPTION FROM THE
                  REGISTRATION REQUIREMENTS UNDER THE ACT PROVIDED BY RULE 144
                  THEREUNDER, IF AVAILABLE, AND IN ACCORDANCE WITH APPLICABLE
                  STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT
                  REQUIRE REGISTRATION UNDER THE ACT OR ANY APPLICABLE STATE
                  LAWS, AND THE HOLDER HAS, PRIOR TO SUCH SALE, FURNISHED TO THE
                  ISSUER AN OPINION OF COUNSEL OR OTHER EVIDENCE OF EXEMPTION,
                  IN EITHER CASE REASONABLY SATISFACTORY TO THE ISSUER. THE
                  HOLDER HEREOF WILL NOT, DIRECTLY OR INDIRECTLY, ENGAGE IN ANY
                  HEDGING TRANSACTION WITH REGARD TO THIS SECURITY, EXCEPT AS
                  PERMITTED BY THE ACT."

         (b) Each certificate evidencing the issuance of Warrant Shares and each
         Warrant Certificate may also bear such other restrictive legends as may
         be necessary to comply with applicable law in the Corporation's

                                       5
<PAGE>

         reasonable discretion. The legend requirements of Section 6(a) above
         shall terminate as to any particular Warrant or Warrant Share: (i) if
         and so long as such security shall have been effectively registered
         under the Securities Act and is disposed of pursuant thereto; or (ii)
         when the Corporation shall have received an opinion of counsel
         reasonably satisfactory to it that such shares may be sold to the
         public without registration thereof under the Securities Act. Whenever
         the legend requirements imposed by this Section 6 shall terminate as to
         any Warrant Share, as hereinabove provided, the Holder hereof shall be
         entitled to receive from the Corporation, at the Corporation's expense,
         a new certificate representing such Warrant Shares and not bearing the
         restrictive legend set forth in Section 6(a).

SECTION 7. RIGHTS OF ACTION. All rights of action with respect to the Warrants
are vested in the Holder of the Warrants, and the Holder of the Warrant, without
consent of the holder of any other warrants of the Corporation, may, in the
Holder's own behalf and for his own benefit, enforce against the Corporation the
Holder's right to exercise the Holder's Warrants for the purchase of Warrant
Shares in the manner provided in this Warrant Certificate.

SECTION 8. AGREEMENT OF WARRANT HOLDERS. Every holder of a Warrant, by his or
her acceptance thereof, consents and agrees with the Corporation and every other
holder of a Warrant that:

         (a) the Warrant Registry shall be maintained by the Corporation's
         Secretary, and shall be the official register of all Warrants issued to
         any person in connection with the Convertible Debenture. The Warrant
         Registry shall be dispositive as to the issuance, ownership, transfer
         and other aspects of each Warrant issued by the Corporation which are
         recorded therein and, absent manifest error, such records shall control
         for all purposes;

         (b) the Warrants are transferable only on the Warrant Registry by the
         Holder thereof in person or by his attorney duly authorized in writing
         and only if the Warrant Certificates representing such Warrants are
         surrendered at the Corporate Office of the Corporation, duly endorsed
         or accompanied by a proper instrument of transfer satisfactory to the
         Corporation in its sole discretion, together with payment of the amount
         of any applicable transfer taxes; and

         (c) the Corporation may deem and treat the person in whose name the
         Warrant Certificate is registered on the Warrant Registry as the Holder
         and as the absolute, true and lawful owner of the Warrants represented
         thereby for all purposes, and the Corporation shall not be affected by
         any notice or knowledge to the contrary, except as otherwise expressly
         provided in this Warrant Certificate.

SECTION 9. MODIFICATION OF WARRANTS. Other than with respect to any adjustment
made by the Corporation in accordance with the provisions of Section 5 hereof,
this Warrant Certificate may only be modified, supplemented or altered by the
Corporation, and only with the consent in writing of the Holder.

                                       6
<PAGE>

SECTION 10. NOTICES. All notices, requests, consents and other communications
hereunder shall be in writing and shall be deemed to have been made when
delivered or mailed first class registered or certified mail, postage prepaid as
follows: if to the Holder of a Warrant Certificate, at the address of such
Holder as shown on the Warrant Registry maintained by the Corporation; and if to
the Corporation, addressed as set forth below, or at such other address as may
be designated by the Corporation from time to time in accordance with this
Section 10:

If to the Corporation:                  Reclamation Consulting and
                                        Applications, Inc.
                                        940 Calle Amanecer, Suite E
                                        San Clemente, CA  92673
                                        Attn:    Mr. Gordon W. Davies
                                                 President

With a copy (which shall
not constitute notice) to:              August Law Group, P.C.
                                        19200 Von Karman, Suite 900
                                        Irvine, California  92614
                                        Attn:    Kenneth S. August, Esquire
                                                 President

SECTION 11. GOVERNING LAW; VENUE. This Warrant Certificate shall be governed by
and construed in accordance with the internal laws of the State of California
applicable to the performance and enforcement of contracts made within such
State, without giving effect to the law of conflicts of laws applied thereby. In
the event that any dispute shall occur between the parties arising out of or
resulting from the construction, interpretation, enforcement or any other aspect
of this Warrant Certificate, the parties hereby agree to accept the exclusive
jurisdiction of the Courts of the State of California sitting in and for the
County of Orange.

SECTION 12. ENTIRE UNDERSTANDING. This Warrant Certificate contains the entire
understanding among the Corporation and the Holder relating to the subject
matter covered herein, and merges all prior discussions, negotiations and
agreements, if any between them. Neither of the Holder nor the Corporation shall
be bound by any representations, warranties, covenants, or other understandings
relating to such subject matter, other than as expressly provided for or
referred to herein.

SECTION 13. CASHLESS EXERCISE. Notwithstanding the foregoing, in lieu of paying
the Exercise Price in connection with the exercise of this Warrant, the Holder
shall have the right to exercise this Warrant or any portion of this Warrant
into Warrant Shares by a cashless exercise by executing and delivering to the
Company at its principal office a written Notice of Exercise in the form
attached to this Warrant marked "CASHLESS EXERCISE". The number of Warrant
Shares to be issued to Holder upon such conversion shall be computed using the
following formula:

                                       7
<PAGE>

                  X  =  ((P)(Y)(A-B))/A

                  where

                  X  =  the number of Warrant Shares of Common Stock to be
                        issued to the Holder for the portion of the Warrant
                        being converted.

                  P  =  the portion of the Warrant being converted expressed as
                        a decimal fraction.

                  Y  =  the total number of Warrant Shares issuable upon
                        exercise of the Warrant in full.

                  A  =  the market price of a share of Common Stock for the
                        date of exercise (the market price determined, for any
                        date, as the average of the closing prices of the
                        Common Stock on the principal securities exchange or
                        automated quotation system upon which the Common Stock
                        may then be listed for public trading for the five
                        immediately preceding trading days on such exchange).

                  B  = the then current Exercise Price (as adjusted to the date
                       of such calculation).

                                       8
<PAGE>

         IN WITNESS WHEREOF, the Corporation has caused this Warrant Certificate
to be duly executed, manually or in facsimile, by an officer thereunto duly
authorized, as of the date set forth below.

Date:    March 28, 2008

RECLAMATION CONSULTING AND APPLICATIONS, INC.,
a Colorado corporation

   /s/ Michael Davies
--------------------------------
By:  Michael C. Davies
Its:  Chief Executive Officer

                                       9
<PAGE>

                                  ATTACHMENT 1

                               TO WARRANTS FOR THE

                            PURCHASE OF COMMON STOCK

                               NOTICE OF EXERCISE

TO:      RECLAMATION CONSULTING AND APPLICATIONS, INC. (THE "CORPORATION")

1.       The undersigned hereby elects to purchase ____________ shares of
         Corporation common stock, pursuant to the terms of the attached
         Warrant, and tenders herewith payment of the exercise price in full,
         together with all applicable transfer taxes, if any.

2.       The undersigned hereby certifies that it is not a U.S. Person (as
         defined by Rule 902 of the Securities Act of 1933, as amended) and that
         the warrant is not being exercised for the account or benefit of or on
         behalf of a U.S. Person.

3.       Please issue a certificate or certificates representing said shares of
         Corporation common stock in the name of the undersigned or in such
         other name as is specified below:

                                           ----------------------------------
                                           (Name)

                                           ----------------------------------
                                           (Address)

----------------------------                   ---------------------------------
(Date)                                        (Name of Warrant Holder)

                                               By:
                                                   -----------------------------

                                               Title:
                                                     ---------------------------
                                                     (Name of purchaser, and
                                                      title and signature of
                                                      authorized person)

                                       10
<PAGE>

                                     ANNEX A

                             SCHEDULE OF EXCEPTIONS

                               SHARES OUTSTANDING

                          Current                  Fully Diluted
                         127,482,048                258,361,307

SHARES OUTSTANDING POST-REORGANIZATION

                           Current                 Fully Diluted
                          63,741,024                 146,246,361

EXISTING INDEBTEDNESS (PRINCIPAL AND INTEREST)

                                               Current ($)  Post-Financing ($)
------------------------------------------------------------------------------
Convertible Notes                                1,400,091       1,400,091
Secured Convertible Debentures(1)                4,307,951       5,602,575
Unsecured Convertible Debentures                   995,056         995,056
Line of Credit                                     165,622         165,622
Other Loans                                        269,834         269,834
--------------------------------------------------------------------------
Total                                            7,138,554       8,433,178

1.  Includes the $2,500,000 Third Tranche

                                       11
<PAGE>

                                     ANNEX B

                           CONSULTING AGREEMENT TERMS

1. Term of two years from the date of signing the consulting agreement.

2. For year one, Melior AG will receive $200,000, payable in shares at the
Consulting Agreement Conversion Price (as defined in Section 5 to this Annex B).

3. For year two, Melior AG will receive $350,000, payable either in shares or
cash at the option of the Borrower. If paid in shares, Melior AG will receive
the number of shares to which it is entitled using the Consulting Agreement
Conversion Price (as defined in Section 5 to this Annex B).

4. Melior AG will provide the services of Allan Bulckaert (Chief Executive
Officer, Melior AG) and Steven Chambers (Chief Financial Officer, Melior AG) to
provide certain management and consultancy services to be described in detail in
the final agreement.

5. The "Consulting Agreement Conversion Price" shall be $0.07 per share,
provided that if Borrower, (i) pays a stock dividend on its common stock, (ii)
subdivides outstanding shares of common stock into a larger number of shares, or
(iii) combines outstanding shares of common stock into a smaller number of
shares, then in each such case the applicable Consulting Agreement Conversion
Price shall be adjusted by multiplying (a) such Consulting Agreement Conversion
Price in effect immediately prior to such event, by (b) a fraction of which the
numerator shall be the number of shares of common stock outstanding immediately
before such event and of which the denominator shall be the number of shares of
common stock outstanding immediately after such event.

6. The consulting agreement will contain an indemnity from the Borrower in favor
of Melior AG and its related parties in the standard form used by Melior AG in
its agreements

                                       12

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