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� COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 215 <br /> Denver, CO 80203 <br /> FINANCIAL WARRANTY <br /> CORPORATESURETY <br /> (THIRD PARTY) <br /> Principal: Caerus Piceance LLC <br /> Permittee: Caerus Piceance LLC <br /> Operation: <br /> Permit NO.: Bond NO.: 612406255 <br /> Surety: United 5tates Fire Insurance Company <br /> Street: 305 Madison Avenue <br /> City: Morristown <br /> State: NJ Zip Code: 07962 <br /> Area Code: 973 Telephone: 409-6600 <br /> This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C.R.S.,of the Mined Land <br /> Reclamation Act and 34-32.5-117, C.R.S., of the Colorado Land Reclamation Act for the Extraction of Construction Materials. <br /> Any alteration or modification of this form, without approval by the Board shall result in the financial warranty being invalid <br /> and result in the voiding of any permit issued in conjunction with such invalid financial warranty and subject the operator to <br /> cease and desist orders and civil penalties for operating without a permit pursuant to sections 34-32-123, C.R.S., of the Mined <br /> Land Reclamation Act and 34-32.5-123, C.R.S., of the Colorado Land Reclamation Act for the Extraction of Construction <br /> 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 seq. (the "Act"), as amended, <br /> provides that no permit may be issued under the Act until the Mined Land Reclamation Board(the'Board")receives a <br /> Financial Warranty(or Warranties)as described in the Act. <br /> WHEREAS, Caerus Piceance LLC (the "Permitter"),a Colorado Limited Liability Company <br /> corporation,has applied for a permit to conduct a mining operation known as Colony Shale Oil Project <br /> of C <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://minirig.state.co.us ^ <br /> John W. Hickentooper, Governor I Robert W. Randall, Executive Director I Virginia Brannon, Director <br /> 1876 <br />