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accept this Financial Warranty in lieu of the separate bonds which would otherwise be required by the <br /> Colorado Mined Land Reclamation Board or Division of Reclamation,Mining and Safety and by the Land <br /> Board, hereby- agrees that, notwithstanding any other provision hereof, or of law, this Financial Warranty <br /> shall remain in full force and effect until the Board is notified in writing by the Land Board that the <br /> Operator's obligations to the Land Board,for which this Warranty is executed,have been satisfied,and until <br /> the financial warranty has been released by the Board. <br /> If all or any part of the Affected Lands are under the jurisdiction of the BLM, and if, at the request <br /> of the Operator on this Financial Warranty, the BLM has, pursuant to 43 C.F.R., 3809.570, accepted this <br /> Financial Warranty then. notwithstanding any other provision of this Financial Warranty. or of law, the <br /> Operator and Warrantor hereby agree that this Financial Warranty- shall not be released until the Board is <br /> advised in writing by the BLM that the Operator's obligations to the BLM, for which this Warranty is <br /> etecuted.have been satisfied,and until the financial warranty has been released by the Board. The Operator <br /> agrees that this Warranty shall also be redeemable by the Colorado State Director.BLM. <br /> This Financial Warranty may be executed in multiple copies,each of which shall be treated as an original, <br /> but together they constitute onh one agreement, the validity and interpretation of which shall be governed <br /> by the law s of the State of Colorado. <br /> The provisions hereof shall bind and inure to the benefit of the parties hereto and their successors and <br /> assigns. <br /> SIGNED, SEALED AND DATED this 18th day of November 2020 <br /> Leaon Insurance Company (SEAL) <br /> Warrantor <br /> _75 Bv: <br /> mith, Attorney-in-Fact <br /> Iiiehbury Resources Inc. ' Q6 (SEAL)'" <br /> Operator <br /> Bv. <br /> NOTARIZATION OF WARRANTOR'S ACKNOWLEDGEMENT <br /> STATE OF Kentucky ) <br /> COUNTY OF Jefferson ss. <br /> The foregoing instrument NN as acknoxN ledged before me this 1 8th day of November 2020 <br /> b`. Brook T. Smith as Attorney-in-Fact of Lexon Insurance Company <br /> u natti <br /> F <br /> n L' F NOTARY PUBLIC <br /> OTARY PUBLIC <br /> O�P'KEN111�KY My_ Commission expires: 2/13/2024 <br /> W�DMS FEB.13,2024 Page 5 of 6 <br />