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/% %;; ,~ <br />DEPARTMENT OF, NATURAL RESOURCES <br />O. Monte Pascoe. Executive Dugctor <br />MINED LAND RECLAMATION DIVISION <br />DAVID C. SHELTON Director <br />R is Harp D. Lamm <br />Governor <br />PERFORMANCE WARRANTY <br />Operator: Valco, Inc. RECEOVEn <br />Operation: 1443 Maple Drive Rockv Ford.. ColDradn_FiLnF7 r~D ~~ <br />Permit No: 77-223 <br />CLAMATION DIVISION <br />Colo. Dept. of Natural Resources <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, <br />34-32-101 et seg. {the "Act"), as amended, provides that no permit may be <br />issued under the Act until the (dined Land Reclamation Board {the "Board") <br />receives a performance warranty (or warranties) that is a written promise to <br />comply with all applicable requirements of the Act. <br />WHEREAS, Valco, Inc. (the "Operator"), a <br />Colorado corporation, has applied for a permit to conduct <br />a mining operation known as Wi1Qy Pit: (the "Operation") on <br />certain lands in p County, Co orl ado. These lands are <br />described in Exhibl a 'ac a ereto, and are referred to herein as the <br />"Affected Lands." <br />WHEREAS, in its application for the permit, the Operator has agreed <br />to be bound by all requirements of the Act and ail applicable rules and <br />regulations of the Board, as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with thexAct, that <br />the estimated costs of reclamation with regard to those affected lands <br />in Provers County which are now or may become subject to the permit <br />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 <br />of said costs of reclamation. <br />WHEREAS, the Operator hereby gives the Board a performance warranty <br />pursuant to Section 34-32-117(2) of the Act, and herein promises the Board <br />that it will comply with all app]icable requirements of the Act with regard to <br />those Affected Lands. <br />NOW, THEREFORE, the Operator hereby promises the Board that it will <br />comply with all applicable requirements of the Act with respect to the <br />Affected Lands. <br />423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203 Tel. (303) 866-3567 <br />