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• ICOLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 215 <br /> Denver, CO 80203 <br /> PERFORMANCE WARRANTY <br /> Operator: Huerfano County <br /> Operation: Peak View Pit <br /> Permit No: M-2014-028 <br /> This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C.R.S., of <br /> the Mined Land Reclamation Act and 34-32.5-117, C.R.S., of the Colorado Land Reclamation Act for the <br /> Extraction of Construction Materials. Any alteration or modification of this form, without approval by the <br /> Board shall result in the financial warranty being invalid and result in the voiding of any permit issued in <br /> conjunction with such invalid financial warranty and subject the operator to cease and desist orders and civil <br /> penalties for 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 Extraction of <br /> 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. (the "Act"), as <br /> amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, <br /> C.R.S. 34-32.5-101 et sue. (the"Act"), as amended,provides that no permit may be issued under the Act until the <br /> Mined Land Reclamation Board (the 'Board") receives a performance warranty (or warranties) that is a written <br /> promise to comply with all applicable requirements of the Act. <br /> WHEREAS, Huerfano County (the "Operator"), has applied for a permit to conduct a mining operation <br /> known as Peak View Pit (the "Operation") on certain lands in Huerfano County, Colorado. These lands are <br /> described in the permit application, as amended and supplemented, and are referred to herein as the "Affected <br /> Lands". <br /> WHEREAS, in its application for the permit, the Operator has agreed to be bound by all requirements of <br /> the Act and all applicable rules and regulations of the Board, as amended from time to time. <br /> WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of <br /> reclamation with regard to those affected lands in Huerfano County which are now or may become subject to the <br /> permit are those amounts for the stated periods of time as set forth in the financial warranty, which may be <br /> amended from time to time to reflect revised estimates of said costs of reclamation. <br /> -2 - <br /> "pF c0 <br /> I1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br /> John W. Hickenlooper,Governor I Mike King, Executive Director I Virginia Brannon,Director +1876 <br />