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-2- <br />PROVIDED, however, the Warrantor shall not be liable under this financial warranty for an amount greater in the <br />aggregate than the sum designated in the first paragraph hereof, unless increased by a later amendment, and shall not be <br />liable as respects any obligation related to exploration and reclamation operations performed after the effective date of a <br />cancellation of this financial warranty pursuant to the terms of Section 34- 32.5- 117(5), as amended. This financial <br />warranty shall remain in force and effect as respects all obligations for all exploration and reclamation operations <br />performed prior to the effective date of such cancellation unless the Principal files a substitute bond which: 1) assumes <br />liability for all obligations for all exploration and reclamation operations performed during the effective dates of this <br />financial warranty ; and 2) is acceptable to the Board; or unless the Board otherwise releases this financial warranty. <br />The Warrantor reserves the right to cancel this financial warranty, efTective only upon an anniversary date, and only by <br />giving written notice to that effect, mailed by Certified Mail, at least ninety (90) days prior to such anniversary date, <br />addressed to both the Explorer at its address herein stated, and to the Board at the address herein stated. In the event of <br />such cancellation, this financial warranty shall nevertheless remain in full force and effect as respects the reclamation of all <br />areas disturbed prior to the effective date of such cancellation, unless and until the Explorer shall file a substitute financial <br />warranty which: (1) assumes liability for all reclamation obligations which shall have arisen at any time while this <br />financial warranty is in force; and (2) is accepted in writing by the Board. <br />Signed, sealed, and dated this 3f s -r day of TH/vUA K X 1 .20 / -z <br />,jUrV,eY /nrG SViv ADVi Sony SERVt c6S 44C <br />Principal <br />By <br />Maurice Lynch <br />Title <br />President <br />Principal <br />:S <br />Title <br />Mailing Address Mailing Address <br />1600 North Oak Street - Suite 1225 <br />Arlington, VA 22209 <br />I1 9911161TA00 i <br />Division Director <br />M:Vnin\share\Prospecting Forms\One Site Exp FW Cash.doc <br />Date <br />