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Sent By: CEMEX; 3038232199; Ater-t0-03 5:i3PM; Page 8/9 <br />Page 97 <br />Co»struction Materials Rnlc 4 <br />t17laX~(~ (a) Project-related fno4ttrs and (eaochtding Rolling <br />Stocl~ owned or to be owned by the Operator/Petmittee txApplicant <br />within the permit area win have a Salvage Value et least equal tq the <br />amount of the FitlatACisl Warramy, or the appropriate portion therwt; <br />118(4xb) (b) EAStmg bens and enenmbranCeB applicable t0 6aid <br />lta(~xo) fixtutrs and equipIDem. other then ]ieas $1 favor of the United States or <br />wiIl be subordhrated to the lien descn'bed m Setxion.3432.5-118(4xb) <br />and (c): C.R.S. and Paragraph 4.19(6). <br />1 r7pXr)N)(>t1 (c) Said foctures and equipment wifl be maintained in good <br />operating eondidon, be properly iasutt:d against then, loss. lire and <br />vandalism, sad w~21 not be removed from the permit area withom the <br />prior consent of the Board, In addition, the Warrantor ahaIl ensure that <br />insurance premiums aro always paid two (2) years in advance on said <br />filRUres and equipment <br />4.12.2 Determinatloa of Salvage Credit <br />(1) 3heOperatorlPe~matteeorFina~3alVVatrantorshallptnvidathe <br />Ofiice with apprelsak, information regarding invoice price. curttint value, cost <br />of demoli[ioa and/or removal. and any other information as is i9 to <br />establish the Salvage Valle of the patticalar Project-related ffittures and/or <br />equipment for which Salvage Credit is sought as aIl or pan of the Plaanclal <br />Watramy for a Permit. <br />(2) The Operator/Pamiux or Fioandal Warrantor shall provide the <br />Office whh a list of aIl encumbrances, and shall affirm that no other <br />encumbrances erdst to the best of the Opetr+tot's or Financial Warrantor <br />]mowltaigc and belie <br />(3) The Office Wray request the Operator/Paailttcc or Financlal <br />Warrantor to provide additional reasonable intormation to support the Maimed <br />Salvage Value and/or costs assodated with any Project-related fixtare or <br />equipment for which Salvage Credit i'sought. <br />