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COLORADO <br /> i Division of Reclamation, <br /> Mining and Safety <br /> 1313 Sherman Street,Room 215 <br /> Denver, CO 80203 <br /> FINANCIAL WARRANTY <br /> CORPORATESURETY <br /> Operator: Hourglass Sands, LLC <br /> Operation: Jemadojin Sand Mine <br /> Permit No.: M-2006-017 Bond No.: 1155628 <br /> Warrantor: Lexon Insurance Company <br /> Street: 12890 Lebanon Road <br /> City: Mt. Juliet <br /> State: TN Zip Code: 37122 <br /> Area Code: 630 Telephone: 468-5600 <br /> This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C.R.S.,of <br /> the Mined Land Reclamation Act and 34-32.5-117, CRS., of the Colorado Land Reclamation Act for the <br /> Extraction of Construction Materials. Any alteration or modification of this form, without approval by the Board <br /> shall result in the financial warranty being invalid and result in the voiding of any permit issued in conjunction <br /> with such invalid financial warranty and subject the operator to cease and desist orders and civil penalties for <br /> operating without a permit pursuant to sections 34-32-123, C.R.S., of the Mined Land Reclamation Act and 34- <br /> 32.5-123, C.R.S,of the Colorado Land Reclamation Act for the Extraction of 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 amended, <br /> provides that no permit may be issued under the Act until the Mined Land Reclamation Board(the"Board")receives <br /> a Financial Warranty(or Warranties)as described in the Act. <br /> WHEREAS, Hourglass Sands, LLC (the "Operator"), a Delaware LLC <br /> corporation,has applied for a permit to conduct a mining operation known as Jemadoiin Sand Mine <br /> _(the"Operation"), on certain lands in El Paso County, Colorado. These lands are described in <br /> the permit application, as amended and supplemented,and are referred to herein as the"Affected Lands". <br /> 1313 Sherman Street,Room 215,Denver,CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us yl <br /> John W. Hickenlooper, Governor I Robert W. Randall,Executive Director I Virginia Brannon, Director * ,•I,;,•. <br /> ��89�r• <br />