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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 DIVISION 0 O of <br /> Phone:(303)866-3567 RECLAMATION <br /> FAX:(303)832-8106 MINING <br /> SAFETY <br /> FINANCIAL WARRANTY <br /> LETTER OF CREDIT <br /> Operator: J. Pat Greer <br /> Operation: Mineral Permit <br /> Permit No.: M-2009-023 <br /> RECEIVED <br /> Bank: Dolores State Bank <br /> Street: 101 S 6th Street PO Box 156 JU[ 01 2016 <br /> City: Dolores Dtvision of Reclamation, <br /> State: Colorado Zip Code: 81323 <br /> Area Code: 970 Telephone: 882-7600 <br /> This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C.R.S., <br /> of the Mined Land Reclamation Act and 34-32.5-117, C.R.S., of the Colorado Land Reclamation Actfor 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 desistorders 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. 1973, 34-32-101 et se . (the "Act"), as <br /> amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the <br /> "Board")receives a Financial Warranty(or Warranties)as described in the Act. <br /> WHEREAS, J. Pat Greer (the "Operator"), a <br /> corporation, has applied for a permit to conduct a mining <br /> operation known as Mineral Permit (the"Operation"),on certain lands in <br /> La Plata County,Colorado.These lands are described in the permit application,as amended <br /> and supplemented, and are referred to herein as the "Affected Lands". <br /> Office of Office of <br /> Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines <br />