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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 C O L O R A D O <br /> D I V I S I ON O F <br /> Phone:(303)866-3567 RECLAMATION <br /> FAX:(303)832-8106 MINING <br /> SAFETY <br /> FINANCIAL WARRANTY <br /> LETTER OF CREDIT <br /> Operator: The Greer Family Trust J Pat and Lila N Greer <br /> Operation: Red Mesa Pit <br /> Permit No.: <br /> Bank: The Dolores State Bank <br /> Street: 101 S. 6th, P O Box 156 <br /> City: Dolores <br /> State: c0 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 anypermit 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. 1973, 34-32-101 et seq. (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, The Greer Family Trust J Pat and Lila N Greer (the "Operator"), a <br /> Trust -R4MAVQti has applied for a permit to conduct a mining <br /> operation known as Red Mesa Pit (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 <br /> Office of <br /> Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines <br />