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STATE OF COLORADO DIVISION OF MINERALS AND GEOLOGY Drponmrnl ul Natural Resources 1113 Shrrmon SL. Room ? 1 5 DIVISION O F Denecr, Cnlurado 80?03 MINERAL S Phnoe uml enn~35ni F.\X. (3113) 743Lt1106 & PERFORM,4NCE WARRANTY G E O L O G Y Construction Material Operation MEN INGMSAFEOTY Bill O~. ens Operator: Grand Junction Pipe & Supply Co. c°'ef"°' c,~•F F. \vai~ner E.ecwive Direcmr Operation: Soaring Eagle Gravel Pit n,lcn,el e Eonq Drvis~on Direcmr Permit No: M-99-025 KNOW ALL MEN BY THESE PRESENTS, THAT: WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S., 34-32.5-101 et sec . (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, Grand Junction Pipe & Supply Co. (the "Permittee"). has applied for a pern7it to conduct a mining operation known as Soaring Eagle Gravel Pit (the "Operation") on certain lands in Ivlesa County, Colorado. These lands are described in the permit application, as amended and supplemented, and are referred to herein as the "Affected Lands". WHEREAS, in its application for [he permit, the Permittee has agreed to be bound by all requirements of the Act and all applicable rules and regulations of the Board, as amended from time to time. WHEREAS, [he Board has determined, in accordance with [he Ac[, [ha[ the estimated costs of reclamation with regard to those affected lands in Mesa 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 [o reflect revised estimates of said costs of reclamation. WHEREAS, the Pernittee hereby gives the Board a performance warranty pursuant to Section 34-32.5-117 of the Act, and herein promises the Board that it will comply with all applicable requirements of the Act, and the Rules and Regulations as may be amended, with regard to those Affected Lands. NOW, THEREFORE, the Permittee hereby promises the Board that it will comply with all applicable requirements of the Act and rules and regulations of the Board with respect to the Affected Lands. FURTHER. [he Permittee hereby promises the Board that i[ will comply with all of the terms of the application for a permit, as amended and supplemented, as well as any conditions attached [o the permit by the Board. cr ~ncc,vM1nnrcSl P,4tnP>m+; ccc