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Operator and Warrantor hereby agree that this Financial Warranty shall not be released until the Board is advised <br /> in writing by the BLM that the Operator's obligations to the BLM, for which this Warranty is executed, have been <br /> satisfied, and until the financial warranty has been released by the Board. <br /> This Financial Warranty may be executed in multiple copies,each of which shall be treated as an original,but together <br /> they constitute only one agreement,the validity and interpretation of which shall be governed by the laws of the State <br /> of Colorado. <br /> The provisions hereof shall bind and inure to the benefit of the parties hereto and their successors and assigns. <br /> SIGNED, SEALED AND DATED this 23rd day of January , 2017 <br /> Travelers Casualty and Surety Company of America (SEAL) <br /> Wa4nE. <br /> t <br /> By <br /> ,Attor ey-i -Fact <br /> struction, Inc. (SEAL) <br /> Operator <br /> By: <br /> Michael J. Kellen, Secretary/Chief Financial Officer <br /> NOTARIZATION OF WARRANTOR'S ACKNOWLEDGEMENT <br /> STATE OF Minnesota ) <br /> )ss. <br /> COUNTY OF Hennepin ) <br /> The foregoing instrument was acknowledged before me this 23rd day of January , <br /> 2017 , <br /> by John E. Tauer as Attorney-in-Fact of <br /> Travelers Casualty and Surety Company of America <br /> f LIN ULVEN <br /> iZI <br /> NOTARY PURJC-WJNESOTA NOTARY PUBLIC <br /> My Commission Expires <br /> January 31,2020 x My Commission expires: 01/31/2020 <br /> Page 5 of 6 <br />