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<br />ur1EAEnS, the Board nas determined. in accordance with the ct, na' the
<br />°Stimdted costs of reclamation oP the affected la'1ds are thOSe Lm0 Cs to- :'tie
<br />st eC periods of time as set forth h?re fn. Sand amount may to a ended °rrna
<br />time time tc reflect revised Est~ma;es of said costs cf noels at on.
<br />NhEfiCFAS, the Operator ar.c the W3rrant0', in accordance 1tn the AC t, has
<br />promised d~tt~ he re b, 7'Umi5e; the 3oard that tt 'eill be r25G stble for 311 the
<br />estimated cos of reclamation with regard to the ~ffedte ands.
<br />WHEREAS, t e 3oard has deterr,,ined that tnis Finarle'ial Warranty 'Dy the
<br />Warrantor eqU als a eStimaizd Costs Dr raC la~'IatiOn, a'S apOrO Ved by [n= 309rd,
<br />Kith regard i0 t`c fectpd tar.G S. j
<br />hOW, THEREFOR:, t ~ Operator dnd the Warr'ar Or are he :d hereby firmly
<br />unto the State of Co bra in the amount Df Lno e sums for those periods of
<br />time as se: forth nerein, ~^~t11 :his Fjnancia warranty is dmended nr released
<br />it accordance ~,ich applicebl<,±aw.
<br />Th.e 9oard may, fur good cause sTowr,, incr_°ase ;.r decrease the amDJnt dnd
<br />CCrdtion Vf t'715 Financial Wdrrant~, i'B Operdtcr Sha ~' naVe si.tty X6'0) C3y5
<br />after the date Of noticE cf any Sac justment tc 1r,Crease the sumety arcount,
<br />but no such increase shall bind :he arrantor unless and until it shall have
<br />c7nsented th_reto in wriLing by th i uance of en zdditidnal Financial
<br />Warranty or by an endorsemant tD;~is ,'nancisl larranty,
<br />The Operdt7r And th@ WarrdntDr~shail n~Li, the Beard '~:rmediat_ly cf Lr,y ~vEnt
<br />which may jmDdir Lftis FjndnCi l Warranty. th2 board raCeives Such not ic2,
<br />Or OthB^wis' has r2C5Cn [p Eliev? Chat this indntlal Sra rranty nas been
<br />materially impaired, it mt~cnnYene a hearing 'n atcordanc2 with the Vic[ for
<br />the purpose cf deterrein7pti unether i.,>aairmert r. _ occurred.
<br />the Dbliyatl0n Of thg p2rdtOr dnd the 'ddrrartGr 5 all CC7t jnJ2 Untll the
<br />3oard tias reledszd tr Financial 'Warman*.y ^r has o Bred it Porfeitee in
<br />accordance 'dith app ,cable provisions of the 4rt. it is and?rstood that
<br />p~ri;,ds 7f years y necessarily be requires before de er~ninat,on car be made
<br />:hat retl amation of the Affec :ed lands nas been satisfy tDrily comp lE tea, it
<br />is also recoyni ed that, as recla;'ratien is_cconplfs'+2d, he amount of tn'.i
<br />FindnC ial Warr rty may be r2duced wi :h the y~proval o` the Board so that `[
<br />reflects the ten current est'-iated COS t-C` the remainfng r Gldndt, ion Df the
<br />,~'fected to ds. Ho rev±siDn, extension, cr recewal er the p it, er of tha
<br />time allo~ d to complete rBCld:rldti7n, ;hall d'.ninisn the Upar cr'S or
<br />uarranto s colfgat'an under obis Financial Warrant;. rro misre resentat,on by
<br />tie Op atom which may ha'fe induced the 'darrantor :~ >><ecuie thi Financial
<br />tlarrary y shall be any de`en:e to demand Dy the S_at= .,ndzr tnrs a rzement.
<br />I7 ~any single year duriny the life pf Lhc Der"`i=, the am0ura of the inanciel
<br />Wa,rrenty sha11 not exceed the estir.etetl cost of =ally reclaimicg al; lantls L;
<br />>S affected In sa,d yaa-, alas all lands aff?CC?'7 in previous pe,-rn,t a~s 3nt
<br />~ot yAL !t,lly reclatned. 4zclaYeticn c~scs shall Je computed w,th rofe encg
<br />t0 CUrrenC reCidna:i0n c75ts
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