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STATE OF COLORADO <br /> DIVISION OF RECLAMATION,MINING AND SAFETY <br /> Department of Natural Resources a <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 O N OF <br /> Phone:(303)866-3567 RECLAMATION <br /> FAX:(303)832-8106 MINING <br /> SAFETY <br /> FINANCIAL WARRANTY <br /> CHECK FOR DEPOSIT IN STATE TREASURY <br /> Operator North Star Turquoise, LLC <br /> Operation Bad Boys Pit <br /> Permit No. M-1996-081 Check No. 133 <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, C.R.S., of the Colorado Land Reclamation Act for 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 any permit 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, 34-32-10: et seg. (the "Act"), as amended, <br /> nrovidew .hat no permit may be issued under the Act until the Mined Land Reclamation Board (the "Board") receiNe,, ,� <br /> tinanclal warranty(or warranties)as described in the Act. <br /> WHEREAS North Star Turquoise, LLC _ __(the"Operator),a <br /> _... _.. <br /> LLC corporation,has applied for a permit to conduc,.a mining operation known as <br /> Bad Bois Pit _ (the "Operation"),on certain lands in Teller Cry, <br /> Colorado These are described in the permit application, as amended and supplemented, and are referred to herein as the <br /> "Affected i ands". <br /> WHEREAS,to the application for the permit the Operator has agreed to be bound by all requirements of the Act and <br /> all applicable rules and regulations of the Board, as amended from time to time. <br /> W1iEREAS, in the application for the permit, the Operator has agreed w1!G, the Board to pro%ide for reclarnxion of <br /> L� Affected Lands, that are now or may become subject to the permit, as required by law <br /> Office of Office of <br /> Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines <br />