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<br />' Further, the Operator promises the Board, pursuant to 34-32-112(1)(d) <br />of the ~4ct, that it has the lawful authority to enter upon the Affected Lands <br />to conduct mining operations, including, but not limited to, reclamation. The <br />Operator further recognizes the right of the Board to enter to reclaim lands <br />affected by the operation. <br />' The description of lands herein is for convenience of reference only, <br />and no ~arror in such description, nor aqy revision of the permitted mining <br />area, nor the disturbance by the Warrantor of lands outside of the permitted <br />mining area shall alter or diminish the Operator's obligation hereunder, which <br />' shall e:ctend to the reclamation of all such lands disturbed. <br />The obligation of the Operator hereunder is such that, if the <br />' Operator shall successfully comply with the requirements of the Act, <br />applicable rules and regulations, and the permit, then the Board, upon a <br />finding that the Operator has so complied, shall release this performance <br />' warranty, and the Operator from its obligation hereunder, to the extent that <br />the Board determines that such compliance has been accomplished. The <br />obligation of the Operator hereunder shall continue until released in whole or <br />in part by the Board in accordance with applicable law. <br />' In further satisfaction of the requirements of the Act, the Operator <br />has attached hereto its financial warranty, which may be amended from time to <br />' time. ~ihe Operator agrees that it will maintain a financial warranty (or <br />warranties) for the estimated costs of reclamation in good standing for the <br />entire life of the permit. <br />If the Board determines that the Operator is in default under this <br />performance warranty and has failed to cure such default, although written <br />notice of such default and ample time to cure such default have been given, <br />' the Operator's financial warranty shall be subject to forfeiture. <br />This performance warranty may be executed in multiple copies, each of <br />' which shall be treated as an original, but together they constitute only one <br />agreement, the validity and interpretation of which shall be governed by the <br />laws of the State of Colorado. <br />' The provisions hereof shall bind and inure to the benefit of the <br />parties hereto and their successors and assigns. <br />' Signed and dated this 23 day of pebruary ia4n . <br />' UNITED COMPANIES OF MESA COUNTY, INC. <br />' Operator <br />~C <br />' BY <br />NOTE: IJotarization must also be completed on following page. <br />1 <br />1 <br />