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-4- <br /> If this Financial Warranty applies to lands under the jurisdiction of the State Board of Land Commissioners("Land <br /> Board"),and if this Financial Warranty,in whole or in part,is accepted by the Land Board as the bond required under its <br /> applicable law and procedures,then,the Operator having requested that the state accept this Financial Warranty in lieu of <br /> the separate bonds which would otherwise be required by the Colorado Mined Land Reclamation Board or Division of <br /> Reclamation,Mining and Safety and by the Land Board,hereby agrees that,notwithstanding any other provision hereof,or <br /> of law,this Financial Warranty shall remain in full force and effect until the Board is notified in writing by the Land Board <br /> that the Operator's obligations to the Land Board, for which this warranty is executed,have been satisfied and until its <br /> release is approved by the Board. <br /> If all or any part of the Affected Lands are under the jurisdiction of the Bureau of Land Management,United States <br /> Department of the Interior, ("the BLM") and if at the request of the Operator on this Financial Warranty the BLM has, <br /> pursuant to 43 C.F.R.3 809.1-9,accepted this Financial Warranty in lieu of requiring a separate reclamation bond payable <br /> to the United States,then,notwithstanding any other provision of this Financial Warranty,or of law,the Operator hereby <br /> agrees that this Financial Warranty shall not be released until the Board is advised in writing by the BLM that the <br /> Operator's obligations to the BLM,for which this warranty is executed,have been satisfied and until its release is approved <br /> by the Board. <br /> This Financial Warranty may be executed in multiple copies, each of which shall be treated as an original,but <br /> together they constitute only one agreement,the validity and interpretation of which shall be governed by the laws of the <br /> State of Colorado. <br /> The provisions hereof shall bind and inure to the benefit of the parties hereto and their successors and assigns. <br /> Signed and dated this day of , <br /> (SEAL) <br /> Operator <br /> By: <br /> Authorized Signature <br /> Title <br /> NOTARIZATION OF OPERATOR'S ACKNOWLEDGEMENT <br /> STATE OF ) <br /> )ss. <br /> COUNTY OF ) <br /> The foregoing instrument was acknowledged before me this day of , <br /> by as of <br /> NOTARY PUBLIC <br /> My Commission expires: <br />