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10.3 Annual Review and Adjustment of Warranty Amount <br /> In accordance with Rule 4.2.1,the financial warranty amount will be reviewed annually. This review will account for: <br /> Inflation Adjustments:Updates to reflect changes in costs based on the most recent economic data. <br /> Project Scope Changes:Adjustments for any modifications in the mining or reclamation plan as documented in the annual <br /> reports. <br /> Verification of Cost Adequacy: The warranty amount will be verified against the detailed cost estimates provided in EX- <br /> HIBIT L to ensure full coverage of all reclamation activities. <br /> 10.4 Verification and Independent Review <br /> The reclamation cost estimates in EXHIBIT L have undergone independent review and verification,consistent with Rule <br /> 4.1.3 requirements. This independent assessment confirms the adequacy of the financial warranty,ensuring that it meets or <br /> exceeds the regulatory standards for financial assurance. <br /> 10.5 Transparency and Reporting <br /> AuPt Industries LLC commits to regular reporting on the status of the financial warranty,in compliance with Rule 4.18. <br /> The company will provide annual updates to the Colorado Division of Reclamation,Mining,and Safety(DRMS),including <br /> any adjustments to the warranty amount based on changes in reclamation costs or project conditions. This transparency <br /> ensures continued regulatory compliance and reflects our commitment to responsible mining practices. <br /> 21 <br /> HARDROCK/METAL MINING REGULAR(112)APPLICATION Au Pt Industries LLC I PO Box 1424-Edwards,Colorado 81632 1970 306 1 784 <br />