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of co�� <br />* COLORADO DIVISION OF RECLAMATION, MINING AND SAFETY <br />* * <br />X876 1313 Sherman Street, Room 215, Denver, Colorado 80203, (303) 866-3567 <br />COAL <br />SELFBOND CORPORATE GUARANTEE <br />FEDERAL MINES <br />Self -Bond No. <br />Permit No. <br />WHEREAS, <br />is a corporation organized and existing under the laws of the State of <br />(hereinafter referred to as the "Guarantor"). <br />WHEREAS, the Guarantor satisfies the financial requirements, criteria and rules and regulations set by <br />the State of Colorado, acting through the Mined Land Reclamation Board ('Board") and/or the <br />Division of Reclamation, Mining and Safety ("Division"), as appropriate; <br />WHEREAS, ,the Operator ("Operator), has <br />requested and desires to place with the State of Colorado ("State") and the Office of Surface Mining <br />Reclamation and Enforcement("OSM") its SelfBond to secure reclamation obligations; <br />WHEREAS, the Guarantor desires to guarantee the funds pledged under the SelfBond of <br />the <br />Operator; <br />WHEREAS, the Guarantor has the full authority under the laws of the State of <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 <br />Act, 34-33-101 et seq., C.R.S. 1973 As Amended (hereinafter referred to as the "Act") has the legal <br />authority to 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 SelfBond <br />No. (Self -Bond), the Guarantor, its successors and assigns, jointly <br />and severally, do hereby covenant, guarantee, promise and agree to make prompt <br />