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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natwal Resources <br />1313 Sherman SL, Room 215 C O L D RA D O <br />Denver, Colorado 80203 D l V 15 I O N o r <br />Phone: (303) 8663567 M I N ES RA L S <br />FA%: (303) 832-8106 G E O L O G Y <br /> RECL~N.RTION•NINING <br /> Sir ETY•SCIFNCE <br />PERFORMANCE WARRANTY <br /> Bill Owens <br /> Governor <br /> Russell George <br /> ERecutive Director <br /> Ronald W. Cattany <br />O erator: Bent Coun}T~ Division Director <br />P `J Natural Resource Trustee <br />Operation: Ridley Pit <br />Permit No: M-2005-039 <br />This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C.R.S., <br />of the Mined Land Reclamation Act and 34-32.5-]17, C.R.S., of the Colorado Land Reclamation Act for the <br />Extraction of Construction Materials. Any alteration or modification of thrs form, without approval by the <br />Board shall result in the financial warranty being invalid and result in the voiding of any permit issued in <br />conjunction with such invalid financia/warranty and subject the operator to cease and desist orders and civil <br />penalties for operating without a permit pursuant to sections 34-32-123, C.R.S., of the Mined Land <br />Reclamation Act and 34-32.5-123, C.R.S., ojthe Colorado Land Reclamation Act for the Extraction of <br />Construction Materia/s . <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et sue. (the "Act"), as <br />amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, <br />C.R.S. 34-32.5-101 et seg. (the "Act"), as amended, provides that no permit may be issued under the Act until the <br />Mined Land Reclamation Board (the "Boazd") receives a performance wazranty (or warranties) that is a written <br />promise to comply with all applicable requirements of the Act. <br />WHEREAS, Bent County (the "Operator"), has applied for a permit to conduct a mining operation known <br />as Ridley Pit (the "Operation") on certain lands in Bent County, Colorado. These lands are described in the <br />permit application, as amended and supplemented, and aze referred to herein as the "Affected Lands". <br />WHEREAS, in its application for the permit, the Operator has agreed to be bound by all requirements of <br />the Act and all applicable rules and regulations of the Board, as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of <br />reclamation with regard to those affected lands in Bent County which aze now or may become subject to the <br />permit aze those amounts for the stated periods of time as set forth in the financial warranty, which may be <br />amended from time to time to reflect revised estimates of said costs of reclamation. <br />Office of <br />Mined land Reclamation <br />Office of <br />Active and Inactive Mines <br />Colorado <br />Geological Survey <br />