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STATE OF COLORADO dIVISION OF h11NERALS AND GEOLOGY Depanmem of Natural Resources 131 7 Sherman 51., Rnom 215 Denver, Colorado 80'_03 DIVISION O F prune: 0031 enG.3sG~ MINERAL S FAX: (303183?-BI OG PERFORMANCE WARRANTY & GEOLOGY Construction Material Operation R E C L A M A T I O N MINING•SA FETY Bdl Owens Operator: CAMAS Colorado, [nc. eovern~>, Greg E watcher Operation: Cooley Reservoir & Fulton Wildlife Area Execwive Director Michael B. Long Divisiun D'veclOr Permit No: M-99-034 KNOW ALL MEN BY THESE PRESENTS, THAT: WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S., 34-32.5-]Ol et seg. (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, CAMAS Colorado, Inc. (the "Permittee"), has applied for a permit to conduct a mining operation known as Cooley Reservoir & Fulton Wildlife Area (the "Operation") on certain lands in Adams 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 the 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, the Board has determined, in accordance with the Act, that the estimated costs of reclamation with regard to those affected lands in Adams County which are now or may become subject to the permit are those amounts for [he stated periods of time as set forth in the financial warranty, which may be amended from time [o time to reflect revised estimates of said costs of reclamation. WHEREAS, the Permittee hereby gives the Board a performance warranty pursuant to Section 34-32.5-1 17 of the Act, and herein promises the Board that i[ will comply with all applicable requirements of the Act, and the Rules and Regulations as may be amended. with regard [o those Affected Lands. NOW, THEREFORE, the Permi[[ee hereby promises the Board [hat it will comply with all applicable requirements of the Act and rules and regulations of the Board with respect to [he Affected Lands. FURTHER, the Permittee hereby promises the Board that it will comply with all of the terms of the application for a permit, as amended and supplemented, as well as any conditions attached to the permit by the Board.