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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1373 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8706 <br />PERFORMANCE WARRANTY <br />Permittee: Ranch Land LLC <br />Operation: Ranch Land Rock Pit #2 <br />Permit No: M-2003-021 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />COLORADO <br />DIVISION O F <br />MIN sRALS <br />GEOLOGY <br />RECLAM ATION•NINING <br />SAFETY.S<IENOE <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et seq. (the <br />"Act"), as amended, and the Colorado Land Reclamation Act for the Extraction of Construction <br />Materials, C.R.S. 34-32.5-101 et ss~. (the "Act"), as amended, provides that no pern3it maybe issued <br />under the Act until the Mined Land Reclamation Boazd (the "Board") receives a performance <br />warranty (or warranties) that is a written promise to comply with all applicable requirements of the <br />Act. <br />WHEREAS, Ranch Land LLC (the "Permittee"), has applied for a permit to conduct a mining <br />operation known as Ranch Land Rock Pit #2 (the "Operation") on certain lands in Fremont County, <br />Colorado. These lands aze described in the permit application, as amended and supplemented, and <br />are refereed to herein as the "Affected Lands". <br />WHEREAS, in its application for the permit, the Permittee has agreed to be bound by all <br />requirements of the Act and all applicable rules and regulations of the Boazd, as amended from time <br />to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs <br />ofreclamation with regard to those affected lands in Fremont County which are now or maybecome <br />subject to the permit are those amounts for the stated periods of time as set forth in the financial <br />warranty, which may be amended from time to time to reflect revised estimates of said costs of <br />reclamation. <br />WHEREAS, the Permittee hereby gives the Boazd a performance warranty pursuant to <br />Section 34-32-117(2) or Section 34-32.5-117(2) ofthe Act, and herein promises the Boazd that it will <br />comply with all applicable requirements of the Act with regard to those Affected Lands. <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />