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STATE OF <br />~• • t)tytSION OF MINt'HALS AND GEOLOGY ~/~ <br />Department of NaluM Resources <br />t313 Sherman St., Room 215 <br />Phone: (3031 663567) (('~~~~ `~ <br />fAX; QD))932A70a Q~V '' ^OQ~ <br />t'1PR L~ mauo~. <br />OtvtM~~tn9 a ~ SylelY <br /> <br />A.op 0 3 2007 ~- <br />Iwi~m~;j 3"a s<u~:y <br />>:1NAxcIal. wARxAxTY ~/ <br />CORPORATE SURETY e <br />VISION O <br />II3f~,RAL <br />EOLOG' <br />aw oaero <br />~o <br />ttttaell GMBe <br />Executive Director <br />Rwuid W, f2ttany <br />0ivhlon Dlrtcror <br />`~ Matumr ee,e"tt"Tivttee <br />Operator: APC Southern Construction Co LLC <br />Operation: <br />Permit No.: <br />Wartantar: <br />Street: <br />City: <br />Stau: <br />APC Cuchara 111 Pit <br />M-2007-018 / BondNo.: 104868094 c~- <br />Travelers Casualty and Surety Company of America <br />One Tower Square <br />Hartford <br />CT Zip Cam; 06183 <br />Area Code: 720 Telephone: 200-8408 <br />Tlrisfonn has been approved by elreildined Laud Reclamation 8oardpursuant tosectious 34-32-117, C.R.S., <br />of the Mined Land Recleurttriiai Act and 34-.32,5-117, GRS, of tGe Colorado Land Reclama[ion Act for the <br />Extractlotr ofConstrucNon Materials .4ny atteradon ormodiflcation afthisjorrn, tvitlroat approtmlbyiGe <br />Board shall result in tke financial warranty being Invalid and resuU fn the voiding ofany peru-it issued rn <br />conjrtnction with such Invalid frnanclai warraury and subject theoperaWr to cease and desist orders and civic <br />penalties far opelwting withoat a permit pursuant to sedlons 34-32-123, GR.S, of the Mined Laud <br />Reclamation Act and 3s`3~5-123, C.RS., of rlie Coloredo Land Reckrnration .4ct jot tke Extraction of <br />Constrrrdion Materials <br />KNOW ALL MEN $Y THBSli PRES&NTS, THAT: <br />WHEREAS, the Colorado Muted Land Reclamation Act, C.RS,1973, 34-3Z-10i el ggq. (the "Act"), as amended, <br />provides that no permit may be issued under the Aot untll the Mined band Reclamation Hoard (the'Board'~ rt:txives a <br />Financial Warranty (or Warranties) as described in the And. <br />WHEREAS, APC Southern Construction Co LLC (the "Opetaror"), a <br />CO corporation, has applied for a perrnh to conduct a mining operation Imovm as <br />APC Cuchara 111 Pit (the"Operation"~ on certain ]ands in Huerfano <br />County, Colorado. These lands are dtxcn'bed in the permit application, as amended and supplemented, and aro referred m <br />herrin es the "Affected Lends". <br />WHEREAS, in theapplicafion forthepermit, the Operatorhas agreed Lobe bound byalfrequuemt:nts of ilteActandaR <br />OEace or Olfla of Colorado <br />Mined land Reclamation ActWe and huctive Mines GeobaKai Survey <br />