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accept this Financial Warranty in lieu of the separate bonds ►rhich would otherwise be required by the <br /> Colorado Mincd Land Reclamation Board or Division of Reclamation, Mining and Safety and by the Land <br /> Board, hereby agrees that, not►►ithstanding any other provision hereof,or of law, this Financial Warrant- <br /> shall remain in full force and effect until the Board is notified in "Tiling 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 ►warrant•has been released by the Board. <br /> If all or any part of the Affected Lands arc under the jurisdiction of the BLM,and if, at die request <br /> of the Operator on this Financial Warranty, the BLM has, pursuant to 43 C.F.R., 3809.570, accepted this <br /> Financial Warrant): then, notwithstanding an), 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 /> executed,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 only one agreement.the validity and interpretation of which shall be governed <br /> by the laws 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 1 8th day of November 2020 <br /> Lexon Insurance Company (SEAL) <br /> Warrantor <br /> By: .�. <br /> rrtith, Attorney-in-Fact <br /> Hiuhbury Resources Inc. lid (SEAL) <br /> Operator <br /> NOTARIZATION OF WARRANTOR'S ACKNOWLEDGEMENT <br /> STATE OF Kentucky <br /> Jefferson )ss. <br /> COUNTY of > <br /> The foregoing instrument was ackno►►lcdgcd before me this I8th day of November 2020 <br /> b►, Brook T. Smith as Attorney-ill-Fact or I-exon Insurance Company. <br /> 3ondre L. FUsinettl <br /> NOTARY PUBLIC NOTARY PUBLIC <br /> STATE AT LARGE.KEMTUW My Commission expires: 2/13/2024 <br /> ID 4t KYNP439 pa, e 5 of G <br /> W ptF gN M FEB.13,2024 g <br />