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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 />l t ' - 45 <br />STATE OF COLORADO <br />FINANCIAL WARRANTY <br />CHECK FOR DEPOSIT IN STATE TREASURY <br />Operator: Gold Basin Mine, LLC <br />Operation: Gold Basin Mine <br />Permit No.: M- 1992 -045 <br />Warrantor: Laurens W. Leffingwell, Jr. <br />THIRD PARTY <br />Check No.: 5211 <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />This form has been approved by the Mined Land Reclamation Board pursuant to sections 34- <br />32-117, C.R.S., of the Mined Land Reclamation Act and 34- 32.5 -117, C.R.S., of the Colorado <br />Land Reclamation Act for the Extraction of Construction Materials. Any alteration or <br />modification of this form, without approval by the Board shall result in the financial warranty <br />being invalid and result in the voiding of any permit issued in conjunction with such invalid <br />financial warranty and subject the operator to cease and desist orders and civil penalties for <br />operating without a permit pursuant to sections 34 -32 -123, C.R.S., of the Mined Land <br />Reclamation Act and 34- 32.5 -123, C.R.S., of the Colorado Land Reclamation Act for the <br />Extraction of Construction Materials. <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act (C.R.S.§ 34 -32 -101 et seq.) and <br />the Colorado Land Reclamation Act for the Extraction of Construction Materials (C.R.S. § 34- <br />32.5 -101 et. seq.)(each referred to herein as an "Act" and collectively the "Acts ") provide that no <br />reclamation permit may be issued until the Mined Land Reclamation Board (the "Board ") <br />receives a financial warranty (or warranties) as described in the Acts. <br />WHEREAS, Gold Basin Mine, LLC <br />Colorado <br />(the "Operator), a <br />(state and legal entity of Operator) has applied <br />for a permit to conduct a mining operation known as Gold Basin Mine <br />(the "Operation "), on certain lands in Chaffee <br />Such lands are described in the permit application, <br />referred to herein as the "Affected Lands." <br />County, Colorado. <br />as amended and supplemented, and are <br />