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OF•CO�O <br />* 1876 <br />COLORADO DIVISION OF MINERALS AND GEOLOGY <br />1313 Sherman Street, Room 215, Denver, Colorado 80203, (303) 866-3567 <br />MEMORANDUM ON COAL INDEMNITY AGREEMENT <br />FOR SELF -BONDING <br />RE: Instructions for completing the Indemnity Agreement <br />The indemnity agreement shall be executed by all persons and parties who are bound to it <br />including the corporate guarantor if applicable. <br />2. Two corporate officers of the mining operator and two corporate officers of the guarantor, <br />if applicable, who are authorized to bind the corporation(s) must sign the agreement. The <br />corporate seals must be affixed. <br />Each party is required to sign his/her own name. The legal capacity of each party must be <br />stated. <br />4. The Guarantor, if applicable, must attach evidence from legal counsel demonstrating that it <br />has full authority under the laws of the State of its incorporation, its articles of <br />incorporation and by-laws to guarantee the self -bond and execute the indemnity <br />agreement, and that its Board of Directors gives full approval of this indemnity agreement. <br />5. A corporation and parent, and non -parent corporations, submitting an indemnity agreement <br />must provide an affidavit certifying that such an agreement is valid under all Federal and <br />State laws. <br />6. If the operator or guarantor is a partnership, joint venture or syndicate, all parties who have <br />beneficial interest directly or indirectly in the operation must sign. <br />7. No changes of any kind shall be allowed to be made to the agreement form. Changes <br />to the Self -Bond are allowed through a Rider. <br />02-07-97 <br />sb indem agree fd <br />