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Oct 12 O5 08:45a Mike Koellner, Owner 9707746114 p.2 <br />STATE <br />DIVISION OF MINERALS AND GEOLOGY <br />Oeparonent of Natural Resources <br />1313 Sherman St.. Room i15 <br />Denver, Colorado 80203 <br />Fhone: 130]) 86G3)67 <br />fAX; (3031631.8106 <br />FINANCIAL WARRANTY <br />~,ETTER OF CREDIT <br />Operator: <br />Operation: <br />Permit No.: <br />Bank: <br />Street: <br />City: <br />State: <br />L & L lieadv Mix <br />Sunny Dale Farm Pit <br />M-7998-059 <br />ROAN D O <br />RALS <br />EOLOOY <br />auow"n <br />Grwemor <br />Ruuan Geome <br />raecre~e olreaer <br />twum w. many <br />OriNla+ eln!cwf <br />N>furd Rerource irudn <br />The First National Bank of Fleming <br />201 North Logan, P.O. Box 408 <br />Colorado Zip Code: 80728 <br />Area Code: 970 Telephone: 265-2555 <br />This form has been approved by the Mined Land Reclomatlon,Board pursattntlo sedlons 34-3Z-117, C.R.J., <br />oflheMined Land Reclamation Ac! and 34-31.5--117, C.R.S., ojthe Colorado LandRedamatlon.ldfor the <br />Cxtractiorr of Corralruc!!on Materla/s Any alteration or mod(~eatlon ojlhJs jortn, wllhoaf approval by the <br />Board sha!/ result !n the Jlnancla! warranty befog /n valid and result in the void/ng ojany permit issued lrt <br />conjunction with such invalid Jlnoncla! warranty and subject the op¢-ator to cease attd desist orders and ctrl! <br />penalties for operating wi[heut a perm!/ pursuant to sections 34-32-113, C.R.S., of the Mined Land <br />Reclamalion Act and 34-32.5-123, GR.S., ojthe Colorado Land Recfamarfon Act for the Extraetlon of <br />Cattshrtctlon Materials. <br />KNOW ALL MEN BY THESE PRCSENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Aci, C.R.S. 1973, 34-32-101 gI s,~g. (the "Act"), as <br />amended, provides that rto petmil may be issued under the Acl until the Mined Land Reclamation Board (tile <br />"Board"j receives a Finaztcial Warranty (or Warranties) as described in the Act. <br />~V7I.tF.REAS, L & L Ready Mix (the "Operator"), a <br />sole aroAri a for aerg~, has applied for a permit to conduct a mining operation known as <br />Sunny Dale Farm Pit (the "Operation"), on certain lands in Phillips <br />Courtly, Colorado. These lands aze described in the permit application, as amended and supplemented, and arc <br />referred to herein as the "Atlected Lands". <br />WHEREAS, as part ofthe application for file permit, tho Operator has agreed to be bound byall requiremcuts <br />Once of O81ce d COforada <br />Mined land Reclamation Active and Inagive Mines Gmlayr:al Surrey <br />