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DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />t 313 Sherman St., Room :1 S <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832.8106 <br />STATE OF COLORADO <br />RECEIVED <br />APR 0 9 2004 <br />Division of Minerals & 6eolog~ <br />u~vljip,V QF <br />:MINERALS <br />GEOLOGY <br />~~SCInn~TipN <br />9di Owens <br />C~•Rerncr <br />CreR E. watcher <br />E.ce[ulive D~reccor <br />FINAN _TaT. WARRAYTY <br />CERTTFI ATION OF DEPOSIT <br />.+nichael B. long <br />Director <br />Operator: Hollenbeck, Inc.:' <br />Operation: Hollenbeck Pit <br />Permit No.: _1K-8 -023 <br />Bank: Vectra Bank <br />Street: 1200 S . Townsend Ave . <br />City: Montrose <br />State: ~ CO 81401 <br />Zip Code: <br />Area Code: 970 Telephone: 249-6635 FAX: <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.RS. 197;, 34-32-101, gl.~. (the <br />"Act"), as amended, provides that no permit may be issued under the Act until the Mined Land Reclamation <br />Board (the "Board") receives a Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, Hollenbeck, Inc. <br />Colorado (the "Operator), a <br />corporation, has applied for a permit to conduct a mining operation <br />kn GunnaiSsonHollenbeck Pit (the "Operation"), on certain lands in <br />amended and supplemented, and aretreferred o here peas the~SAffe red Lands~n the permit application, as <br />WHEREAS, in the application for the permit, the Operator has agreed to be bound by all <br />requirements of the Act and all applicable rules and re;ulations of the Board, as amended from time to time. <br />