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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />Permittee: Ranch Land, LLC <br />PERFORMANCE WARRAN"1'Y <br />Operation: Ranch Land Rock Pit #1 <br />Permit No: M-2002-096 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />DIVISION O F <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SAFETY <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Ronald W. Cattany <br />Aging Division Director <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et sec . (the "Act"), as <br />amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, <br />C.R.S. 34-32.5-101 et sec . (the "Act"), as amended, provides that no permit may be issued under the Act until <br />the Mined Land Reclamation Boazd (the "Board") receives a performance warranty (or warranties) that is a <br />written promise to comply with all applicable requirements of the 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 #1 (the "Operation") on certain lands in Fremont County, Colorado. <br />These lands aze described in the permit application, as amended and supplemented, and are referred to herein <br />as the "Affected Lands". <br />WHEREAS, in its application for the permit, the Permittee has agreed to be bound by all requirements <br />of the Act and all applicable rules and regulations of the Boazd, as amended from time to time. <br />WHEREAS, the Boazd has determined, in accordance with the Act, that the estimated costs of <br />-reclamation with regard to those affected lands In Fremont County which are now or magbecome subject to <br />the permit aze those amounts for the stated periods of time as set forth in the financial warranty, which maybe <br />amended from time to time to reflect revised estimates of said costs of 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) of the Act, and herein promises the Boazd that it will comply <br />with all applicable requirements of the Act with regazd to those Affected Lands. <br />