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Operator and Warrantor hereby agree that this Financial Warranty shall not be released until the Board is <br /> advised in writing by the BLM that the Operator's obligations to the BLM, for which this Warranty is <br /> executed,have been satisfied,and until the financial warranty has been released by the Board. The Operator <br /> agrees that this Warranty shall also be redeemable by the Colorado State Director, BLM. <br /> This Financial Warranty may be executed in multiple copies,each of which shall be treated as an original, <br /> but together they constitute only one agreement,the validity and interpretation of which shall be governed <br /> by the laws of the State of Colorado. <br /> The provisions hereof shall bind and inure to the benefit of the parties hereto and their successors and <br /> assigns. <br /> SIGNED, SEALED AND DATED this 5th day of July 2017 <br /> Argonaut Insurance Company (S) ALI <br /> Warrantor <br /> By: MAA* <br /> .. .. .� <br /> Mark W.Edwards, Il, Attorney-in-Fact <br /> Energy Fuels Resources USA) Inc. SEAL <br /> Opera <br /> By: ---�/ <br /> NOTARIZATION OF WARRANTOR'S ACKNOWLEDGEMENT <br /> STATE OF Alabama ) <br /> COUNTY OF Jefferson ) ss. <br /> The foregoing instrument was acknowledged before me this 5th day of JUIy 2017 <br /> by Mark W. Edwards, II as Attorney-in-Fact o rgonaut Insurance Cofnpany <br /> A4 A )��0 N"a <br /> NufAttv P BLIC <br /> Anna Keith Childress <br /> My Commission expires:,Oct2by'0,•2019 <br />