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<br />STATE OF COLORADO
<br />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 />ONE SITE PROSPECTING FINANCIAL WARRANTY
<br />ON BUREAU OF LAND MANAGEMENT LAND
<br />•� C; /�l �C'C��l '
<br />CHECK FOR DEPOSIT IN STATE TREASURY
<br />Prospecting Financial Warranty No. T-BI3'
<br />Notice of Intent No. TBD
<br />COLORADO
<br />D I V I S I O N OF
<br />RECLAMATION
<br />MINING
<br />SAFETY
<br />RECEIVED
<br />MAIR " 2014
<br />DIVISION OF ;'.ECLAMATION
<br />MINING AND SAFETY
<br />This form has been approved by the Mined Land Reclamation Board( °Board ") pursuant to section 34 -32 -117, C.R.S., of the
<br />Colorado Land Reclamation Act Any alteration or modification of this form, without approval by the Board shall result in the
<br />financial warranty being invalid and result in the voiding of any permit issued in conjunction with such invalid financial
<br />warranty and subject the Prospector to cease and desist orders and civil penalties for prospecting without a permit pursuant to
<br />section 34 -32 -123, C.R.S., of the Colorado Land Reclamation Act
<br />KNOW ALL MEN BY THESE PRESENTS, that we (I), WINDING STAIR RESOURCES, LLC of the
<br />County of OKLAHOMA , in the State of OKLAHOMA , as Principal(s) are
<br />(am) held hereby and firmly bound unto the State of Colorado, acting through the Mined Land Reclamation Board in
<br />the sum of TWO THOUSAND Dollars ($ 2,000.00 .)for the payment of which sum, well
<br />and truly to be made, we (I) hereby bind ourselve(s), and each of our (my) legal representatives, executors,
<br />administrators, successors and assigns, jointly and severally, firmly by these presents.
<br />WHEREAS, the Principal has filed a Notice of Intent to Conduct Prospecting Operations with the Board on
<br />the following premises, indicated on the Notice of Intent filed with the Board, which is attached hereto and thereby
<br />incorporated by reference, to wit:
<br />NW /4, and a portion of the SW /4 of Section 2, Township 44 North, Range 6 East, NMPM and the NW /4, NE /4,
<br />Section 34, 1 owns hip 45 North, ange 6 East, NMPM approximately 5 miles VVNVV of e
<br />town of Saguache, Colorado and 8,450' elevation.
<br />NOW, THEREFORE, the conditions of this obligation as such that if the above - bounded Principal shall, in
<br />conducting such prospecting operations, faithfully perform the provisions of the Notice of Intent to Conduct
<br />Prospecting Operations filed with the Board and the requirements of the plan to implement reclamation measures to
<br />reclaim all lands affected by the prospecting operations approved and modified by the Board, relating to the Colorado
<br />Land Reclamation Act as amended, and the Rules and Regulations adopted pursuant thereto; upon the Board making
<br />a finding that the lands described above have been satisfactorily reclaimed, and approving the Prospector's request for
<br />a financial warranty release on such lands, then this obligation shall be exonerated and discharged and become null
<br />and void; otherwise to remain in full force and effect.
<br />If this financial warranty applies to National Forest System lands, and if this financial warranty is accepted by
<br />the United States Forest Service ( "U.S.F.S. ") as the bond required under 36 C.F.R. 228.13, then the Prospector, having
<br />requested that the Board and the U.S.F.S. accept this single financial warranty in lieu of the separate bonds which
<br />would otherwise be required by applicable law, hereby agrees that, notwithstanding any other provision hereof, or of
<br />law, this financial warranty shall remain in full force and effect until U.S.F.S. has advised the Board by written notice
<br />that the Prospector's obligations to U.S.F.S., for which this warranty is executed, have been satisfied, and until the
<br />financial warranty has been released by the Board.
<br />Office of
<br />Mined Land Reclamation
<br />Denver • Grand Junction • Durango
<br />Office of
<br />Active and Inactive Mines
<br />
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