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COLORADO <br /> - � 4 Division of Reclamation, <br /> ® Mining and Safety <br /> Department of Natural Resources <br /> May 12,2023 <br /> Mr.Jim Harrington <br /> Colorado Legacy Land, LLC <br /> 333 W. Hampden Ave. Suite 935 <br /> Englewood,CO 80110 <br /> The Hanover Insurance Company <br /> 440 Lincoln Street <br /> Worchester,MA 01653-0002 <br /> Re: Permit No. M-1977-300,Schwartzwalder Mine,Jefferson County <br /> Financial Warranty Replacement <br /> Dear Mr. Harrington and Mr. Moses: <br /> This Division is in receipt of a replacement Third Party Financial Warranty Corporate Surety No. <br /> *5461 from the Atlantic Specialty Insurance Company,in the amount of$400,000.00 which is to <br /> replace$400,000.00 of the sum total held from the following bond: <br /> Bond Type Name(s) Bond Amount(s) Bond Number(s) <br /> The Hanover Insurance $7,674,022.00 *7218 <br /> Financial Co. Warranty <br /> Corporate Surety <br /> Per the Memo of Understanding signed by all parties,The Hanover Insurance Warranty Corporate <br /> surety may now be reduced by the same $400,000.00 to $7,274,022.00. This keeps in place the <br /> aggregate sum of $7,674,022.00 until the Scope of Work is completed by CLL contractor, <br /> ENSERO. <br /> The MOU states that Hanover will submit a reduction rider by May 15,2023 and release funds to <br /> CLL for disbursement to ENSERO to perform the SOW noted in the MOU agreement. <br /> °1F'Cho <br /> Physics!Address: 1313 Sherman Street,Room 215,Denver,CO 80203 P 303.866.3567 F 303.832.8106 <br /> Mailing Address:DBMS Room 215,1001 E 62nd Ave,Denvw,Co 80216 ://drms.gpkgp¢e.emr <br /> Jared S.Potts,_qg4MMj Dan Gibbs,Executive Director Virginia Brannon,Director *•l876 • <br />