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C r <br /> STATE OF COLOWO <br />DIVISION OF MINERALS AND GEOLOGY -' <br />Department of Natural Resources <br />1313 Sherman St., Room 2I5 () () RAlzfl <br />Denver, Coiorsdo 90203 D 1 V i S r t3 N Of <br />Phone. (303) 666-67 M I N g RA Ir S S <br />FAX. 003} 932-9106 G$ Q Q G Y <br /> RECt ATiON+ttrNiM5 <br />LAFETY•SCNWCE <br /> <br />MANC71IiT? AARRANTY 13M ovens <br />eovera <br /> CORPORA'T'E SURETX Resell George <br /> Executive Director <br /> Ronald W+t amny <br /> Division Director <br /> Narutat Resource Trustee <br />Operator: Varra Companies, Inc. Qa8 ?eO <br />1 <br />Operation: Vader Pit <br />Permit No.: M-78-287 BondNo.: S323366 <br />Warrantor; Employers Mutual Casualty Company <br />Street: 8181 E. Tufts Avenue, Suite 500 <br />City: Denver <br />state: CO Zip Code: 80237 <br />Area Code: 720 <br />Telephone: 200-3793 <br />This form has been approved by floe Mined Ladd Reclatnationt 13oardpii)wuant to sections 341-3Z-117, C.R.S., <br />of Ilse Mined Land Reclamation Act and 34-32,5-117, C -U., of the Colorado Land Reclatuationr pct for the <br />Extraction of Construction Materials. Any alteration or modification of this form, spilhout approval by the <br />Board shall result in the financial warran:ty being invalid and result in the voiding of arty pernteit issrted is <br />conjunction with suclt invalid frtnancial warranly antd subject Ilre operator to cease and desist orders andeivil <br />penalties for operating spitbout a p¢171zlt Pursuant to sections 34-32-123, CRS, of the Mined Laud <br />Reclamation ,Oct and 34-3Z 5-123, CRS, of Ilse Colorado Land Reclamation Act for the Extraction of <br />Construction Materials <br />KNOW ALL. MEN BY THESE PRESENTS, THAT. <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-10I et M. (the "Act"), as amended, <br />provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the 'Board") receives a <br />Financial Warranty (or Warranties) as described in the Act; <br />WHEREAS, Varra Companies, Inc. (the "Operator"), a <br />CO <br />Vader Pit (the "Operation" ), on certain lands in Gunnison <br />County, Colorado. These lands are described in the permit application, as amended and supplemented, and are referred to <br />herein as the ",Affected Lands". <br />WITMPAS, in the application for the permit, the Operator has agreed lobe bound byall requirements of the Act and all <br />corporation, has applied for a permit to conduct a mining operation known as <br />Office or Office or Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological survey