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and the Rules and Regulations adopted pursuant thereto, upon the Board making the finding that all of the lands <br />described in the Notices of Intent to Conduct Prospecting Operations filed or to be filed with the Board which are <br />attached hereto and hereby incorporated by reference have been satisfactorily reclaimed and approving the <br />Prospector's request for a financial warranty release on such lands, then this obligation shall be exonerated and <br />discharged and become null and void; otherwise to remain to full force and effect. <br />PROVIDED, however, the Surety 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 <br />be liable as respects any obligation related to exploration and reclamation operations performed after tite effective date <br />of a cancellation of this financial warranty pursuant to the ten -ns of Section 34-32.5-117(5), as amended. This <br />financial warranty shall remain in force and effect as respects all obligations for all exploration and reclamation <br />operations performed prior to the effective date of such cancellation unless the Principal files a substitute bond which: <br />1) assumes liability for all obligations for all exploration and reclamation operations performed during the effective <br />dates of this financial warranty : and 2) is acceptable to the Board: or unless the Bnard otherwise releases this Surety. <br />The Warrantor reserves the right to cancel this financial warranty, effective only upon an anniversary date, and only <br />by giving written notice to that effect, mailed by Cenified Mail, at least ninety (90) days prior to such anniversary date, <br />addressed to both the Explorer at its address herein stated, and at the Board at the address herein stated In the event of <br />such cancellatinn, this financial warranty shall nevertheless remain in full furce and effect as respects the reclamation <br />of all areas disturbed prior to the effective date of such cancellation. unless and until the Explorer shall file a substitute <br />financial warranty which: (1) assumes liability for all reclamation obligations which shall have arisen at any time <br />while this financial warranty is in force; and (2) is accepted to writing by the Board. <br />Signed, sealed. and dated this r �M day of August 2015 <br />Puwertech USA Inc <br />,gin1pal <br />'�h M�vs <br />"Title <br />C. aa, <br />Mailing Address <br />50s DTC PovkwR Sr t7t 9-a <br />&R -W woad VILLA -6 E 60 6 011 l <br />Principal <br />Title <br />Mailing Address <br />By <br />