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-2- <br />PROVIDED, however, the Surety shall not be liable under this bond for an amount <br />greater in the aggregate than the sum designated in the first paragraph hereof, <br />unless increased by a later amendment, and shall not be liable as respects any <br />obligation related to prospecting and reclamation operations performed after the <br />effective date of a cancellation of this bond pursuant to the terms of <br />Section 34-32-117(3), C.R.S. 1973, as amended (1976 Session Laws, H.B. 1065). This <br />bond shall remain in force and effect as respects ail obligations for all <br />prospecting and reclamation operations performed prior to the effective date of <br />such cancellation unless the'Principal files a substitute bond which: 1) assumes <br />liability for ail obligations for all prospecting and reclamation operations <br />performed during the effective dates of this bond; and 2) is acceptable to the <br />Mined Land Reclamation Board; or unless the Mined Land Reclamation Board otherwise <br />releases this Surety. <br />Signed, sealed, and dated this 1 th day~of October ,1998 <br />Principal lAtcest: <br />.r ---~r ~w--- <br />Tit iLle arold F. Elam, President Stephen J. Raspar, Assistant Secretaay <br />1225 South 7th Street 1225 South 7th Street <br />Mailing Address Mailing Address <br />Grand Junction. CO 81501 Grand Junction. CO 81501 <br />Signed, sealed, and dated this 19th day of October . 1998 <br />American Casualty Company <br />of Readin¢. Pennsylvania <br />Surety <br />Bx ~ 1;h ~~ /1 ,('~iDlt <br />Tit a Title Floriett~ R. Sanchez <br />Attorney-In-Fact <br />Olson ~ Olson. Ltd. <br />Resident Agent <br />William R. Barbour, V.P. <br />Mailing Address <br />P.0_ Aox 1467 <br />Mailing Address <br />_coROi/E,: <br />B„ <br />(08/94) 1952E <br />