2007-11-01_REVISION - M1982121 (2)

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WHEREAS, the Operator, in accordance with the Act, has promised and hereby promises the Board that it will be responsible for all of the estimated costs of reclamation with regard to the Affected Lands. WHEREAS, the Board has determined that the financial warranty by the Operator equals the estimated costs of reclamation, as approved by the Board, with regard to the Affected Lands. WHEREAS, as proof of its financial responsibility and pursuant to Section 34-32-117(3)(IV) of the Act the Operator has, as grantor, executed and delivered to the state a certain Deed of Trust in the amount of Seven Thousand Dollars ($7,000) in favor of the public trustee of Garfield County, Colorado, conveying certain lands in said county and state, as assurance for the faithful performance by the Operator of the Operator's obligations to the state as evidenced by this financial warranty. NOW THER&FORE, the Operator is held hereby and firmly bound unto the State of Colorado, in the sum of Seven Thousand Dollars ($7,000) £o /the period of time from April 15, 1983 to April 15, which may impair this financial warranty. If the Board receives such notice or otherwise has reason to believe that this financial warranty has been materially impaired, it may convene a hearing in accordance with the Act for the purpose of determining whether impairment has occurred. 2018, f the payment of which sum, well and truly made, the Operator hereby binds itself, its representatives, successors and assigns, jointly and severally, firmly by these presents. The Board may, for good cause shown, increase or decrease the amount and duration of this financial warranty. The Operator shall have sixty (60) days after the date of notice of any such adjust- ment to fulfill all new requirements. The Operator shall notify the Board immediately of any event -2-