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11/29/2006 15:59 IFAX FAX@E9ERLS.COM <br />xr ;~ <br />~ 003/032 <br />s~rATE of co~Nor~oo <br />O{VISION OF MINERALS ANO GEOLOGY <br />pepadment d Natufal Raourcos <br />1713 Sherman R., Roam 215 <br />Denver, Colorado 80203 <br />Plsvne+ Dol) 066-3567 <br />FA%: 1303) 032$106 <br />Cpcrator: <br />Operation: <br />Permit No. <br />Bank: <br />Street <br />City: <br />State: <br />BgLOGY <br />;~„rywT10N.MININa <br />fwFFTT~FGIrNLF <br />FINANCIAL WARRANTY a(uoNn,F <br />coKrrbF <br />LETTER OF CREDIT Ri6a° °aor~ <br />Fzecurrve DlFavar <br />Roma w. Gmrr <br />Ohlsiw. Olreaa <br />Kint; Mountain Gravel, LLC Hama Rrwarce rnwweF <br />Kinr; Mountain Sand & Gravel Mine <br />M-1978-314 <br />Colnmuniti Banks of Gatorade <br />5690 DTC BLVD, Suite 450 <br />Greenwoo~l Village <br />Colorado Zip Code: 80111 <br />Area Code: C72o) Telephonc:529-3322 <br />Thisform has been approved byth¢ Mined LandR¢elamatlon i3oardpursuaht [o s¢ulons 3Q-32-117, CR.S., <br />of the Mined Land Reclanation Act and 34-32.5-117 GR.&, ojthe Colorado Land ReelamaNan Act far the <br />Eactradlan ojConstructian Materials A-ty alteration or mod~eation oflhis form, wtthout approval by the <br />Board shall result In the flnancla! warranty being Inl+alid and result in the volding of any permit issued to <br />eonjunctlan with sack imwlld financial watYarnty and subfeet Nte operator to cease aid deslsiardars and civil <br />penalties for operating without a permU pursuant to sections 34-32-123, C.R.S., of th¢ Mined Land <br />Rerdamallan Act and 34-•325-113, QRS., of the Colorado Laad Reclamation AcY for the Fxeractlon of <br />Construction Materials. <br />KNOW ALL MEN BY TIiESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 et seg. (thc "Act"), as <br />amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Beard (the <br />"Board") receives a Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, King Mcuntain Gravel, LLC (the "Operator"), a <br />Limited Liability _ corporation, has applied Fora permit to conduct a mining operation known as_ <br />]{jLlg Atrn .G.',TI(l R .Fav~1 All no (the "Operation"), on certain lands in Rout c <br />County, Colorado. These lands are dcscribed in the permit application, as amended and supplemented, and are <br />referred to herein as ale "affected Lands". <br />WHEREAS, as part of the application for the permit, the Operator has agreed to be bound by all requirements <br />Once of Office of Colorado <br />Mined land Reclamallon Actise Ltd Inalve Mines Geological Survey <br />