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The Operator promises to be responsible for reclamation costs up to the amount established by the <br />Board and incorporates its financial warranty to this performance warranty. The Operator agrees to maintain <br />a financial warranty (or warranties) in good standing for the reclamation costs for the entire life of the <br />Permit. The amount of the financial warranty shall be sufficient to assure the completion of reclamation of <br />affected lands if the Division has to complete such reclamation due to forfeiture. If the Board detennines <br />the Operator is in default under this performance warranty and the Operator fails to cure such default, the <br />Operator's financial warranty shall be subject to forfeiture pursuant to C.R.S. 34-32-118.-34-32.5-118. <br />This performance warranty by the Operator is perpetual and shall remain in full force and effect <br />until all obligations have been met and all associated financial warranty is released by the Board. Any <br />release of liability in a succession of Operators shall comply with C.R.S. 34-32-119!34-32.5-119. <br />The provisions hereof shall bind and inure to the benefit of the parties hereto and their successors <br />and assigns. <br />SIGNED, SEALED AND DATED this day of .20 <br />Operator: <br />Signature: <br />Name: <br />Title: <br />NOTARIZATION OF OPERATOR'S ACKNOWLEDGEMENT <br />STATE OF <br />ss. <br />COUNTY OF <br />The foregoing instrument was acknowledged before me this day of , 20 <br />(Day) (Month) (Year) <br />by as <br />(Name) (Title) <br />of <br />(Operator) <br />NOTARY PUBLIC <br />APPROVED: My Commission expires: <br />State of Colorado <br />Mined Land Reclamation Board <br />Division of Reclamation, Mining and Safety <br />M <br />Division Director <br />Re% --2018 <br />%t -AY -20 <br />Date-. <br />Page 2 of 2 <br />