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-2- <br /> PROVIDED, however, the Warrantor shall not be liable under this financial warranty for an amount greater in the <br /> aggregate than the sum designated in the first paragraph hereof, unless increased by a later amendment, and shall not <br /> be liable as respects any obligation related to prospecting and reclamation operations performed after the effective date <br /> of a cancellation of this financial warranty pursuant to the terms of Section 34-32-117(5), as amended. This financial <br /> warranty shall remain in force and effect as respects all obligations for all prospecting and reclamation operations <br /> performed prior to the effective date of such cancellation unless the Principal files a substitute bond which: 1) assumes <br /> liability for all obligations for all prospecting and reclamation operations performed during the effective dates of this <br /> financial warranty ; and 2) is acceptable to the Board; or unless the Board otherwise releases this financial warranty. <br /> The Warrantor reserves the right to cancel this financial warranty, effective only upon an anniversary date, and only <br /> by giving written notice to that effect, mailed by Certified Mail, at least ninety(90)days prior to such anniversary date, <br /> addressed to both the Prospector at its address herein stated, and to the Board at the address herein stated. In the event <br /> of such cancellation, this financial warranty shall nevertheless remain in full force and effect as respects the <br /> reclamation of all areas disturbed prior to the effective date of such cancellation, unless and until the Prospector shall <br /> file a substitute financial warranty which: (1) assumes liability for all reclamation obligations which shall have arisen <br /> at any time while this financial warranty is in force; and(2) is accepted in writing by the Board. <br /> Signed, sealed, and dated this day of , <br /> Principal Principal <br /> By By <br /> Title Title <br /> Mailing Address Mailing Address <br /> APPROVED: <br /> By <br /> Division Director Date <br /> M\mm\share\Prospectmg Forms\One Site Prosp FW Cash doc <br />