2007-11-01_REVISION - M1982121 (2)

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~~~'~ COLORADO DEPARTMENT OF NATURAL RESOURCES r~ZEdVED MINED LAND RECLAMATION BOARD MINED LAND RECLAMATION DIVISION ii~AR ?1 1983 "'~ REfLAMATION Room 423, 1313 Sherman Street Telephone: (303) 866=3569.iuzALRFSOUaces Denver, Colorado 80203 PERFORDIANCE WARRANTY Operator: Mid-Continent Resources, Inc. Operation: Mid-Continent Limestone Quarry Permit No.: 82-121 KNOW ALL MEN BY THESE PRESENTS, THAT: WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34=32-101 et seq. (the "Act"), as amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the "Board) receives a performance warranty (or warranties) that is a written promise to comply with all applicable requirements of the Act. WHEREAS, Mid-Continent Resources, Inc. (the "Operator"), a Delaware corporation, has applied for a permit to conduct a mining operation known as Mid-Continent Limestone Quarry (the "Operation"), on certain lands in Garfield County, Colorado. These lands are described in Exhibit A, attached hereto, and are referred to herein as the "Affected Lands." WHEREAS, in its application for the permit the Operator has agreed to be bound by all requirements of the Act and all applic- able rules and regulations of the Board, as amended from time to time. WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of reclamation with regard to those affected lands in Garfield County which are now or may become subject to the permit are those amounts for the stated periods of time as set forth in the financial warranty, which may be amended from time to time to reflect revised estimates of said costs of reclamation.