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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) 832106 <br />PERFORMANCE WARRANTY <br />Permittee: Whinnery Construction Co. LLC <br />Operation: Porco Pit <br />Permit No: M-2004-042 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />COLORADO <br />DIVISION O F <br />MINERALS <br />GEOLOGY <br />0.EC LA MATION•MINING <br />SAFETY•SCIEN CE <br />Bll DWen3 <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.RS. 34-32-101 et ~. (the "Act"), as <br />amended, and the Colorado Land Reclamation Act for the Extraction of Constmction Materials, <br />C.R S. 34-32.5-101 et seg. (the "Act"), as amended, provides that no permit maybe issued under the Act urrtil the <br />Mlned Land Reclamation Board (the "Board") receives a performance warranty (or warranties) that is a written <br />promise to comply with all applicable requlrements of the Act. <br />WHEREAS, Whinnery Construction Co. LLC (the "Permittee"), has applied for a permit to conduct a <br />mining operation known as Porco Pit (the "Operation") on certain lands in Conejos County, Colorado. These <br />lands are described in the permit application, as amended and supplemented, and are referred to herein as the <br />"Affected Lands". <br />WHEREAS, in its application for the permit, the Permittee has agreed to be bound by all requirements of <br />the Act and all applicable rules and regulations of the Boazd, as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of reclamation <br />with regard to those affected lands in Conejos County which are now or may become subject to the permit are <br />those amounts for the stated periods of time as set forth in the financial warranty, which maybe amended from <br />time to time to reflect revised estimates of said costs of reclamation. <br />WI~REAS, 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 Board that it will comply <br />with all applicable requirements of the Act with regard to those Affected Lands. <br />Office of O(fice of Colorado <br />Mined Land Reclamation Acrive and Inactive Mines Geological Survey <br />