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e�oF.cow <br />N <br />* COLORADO DIVISION OF RECLAMATION, MINING AND SAFETY <br /># ` ,1876 "* 1313 Sherman Street, Room 215, Denver, Colorado 80203, (303) 866-3567 <br />COAL <br />SELF -BOND CORPORATE GUARANTEE <br />FEDERAL MINES <br />Self -Bond No. <br />Permit No. C-1981-019 <br />WHEREAS, Tri-State Generation and Transmission Association Inc. <br />is a corporation organized and existing under the laws of the State of Colorado <br />(hereinafter referred to as the "Guarantor"). <br />WHEREAS, the Guarantor satisfies the financial requirements, criteria and rules and regulations set by the <br />State of Colorado, acting through the Mined Land Reclamation Board ('Board") and/or the Division of <br />Reclamation, Mining and Safety ("Division"), as appropriate; <br />WHEREAS, Colowvo Coal Company L P ,the Operator <br />("Operator), has requested and desires to place with the State of Colorado ("State") and the Office of <br />Surface Mining Reclamation and Enforcement("OSM") its Self -Bond to secure reclamation obligations; <br />WHEREAS, the Guarantor desires to guarantee the funds pledged under the Self -Bond of <br />Colowvo Coal Company L P , the Operator; <br />WHEREAS, the Guarantor has the full authority under the laws of the State of Colorado <br />under which it is incorporated, its articles of incorporation and bylaws to enter into this Guarantee; <br />WHEREAS, the Guarantor has full approval from its Board of Directors to enter into this Guarantee; <br />WHEREAS, it is in the best interests of the Guarantor, in the legitimate furtherance of its purposes and <br />business, to enter into this Guarantee; <br />WHEREAS, the Board or the Division, pursuant to the Colorado Surface Coal Mining Reclamation Act, <br />34-33-101 et seg., C.R.S. 1973 As Amended (hereinafter referred to as the "Act") has the legal authority to <br />administer the bonding requirements for mine operations in the State of Colorado. <br />I. NOW for value received, and in consideration of the approval and execution of Self -Bond <br />No. (Self -Bond), the Guarantor, its successors and assigns, jointly and <br />severally, do hereby covenant, guarantee, promise and agree to make prompt <br />-2- <br />