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STATE OF COLORADO <br />OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303),???tIVE® 41 <br />APR 0 81999 FINANCIAL WARRANTY <br />-,ivision of Minerals & Ge*9Y <br />CORPORATE S JRETY <br />Operator: Jerald Seifert and Fred Lowry <br />Operation: Tallahassee Pit <br />Permit No.: M-99-003 Bond No.:26091 <br />Warrantor: Pioneer General Insurance Company <br />Street: 6780 E. Hampden Ave. <br />City: Denver <br />State: CO Zip Code: 80224 <br />Area Code. 303 Telephone: 758-8122 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />uI VISION OF <br />MINERALS <br />GEOLOGY <br />M1 E C L A M A T I p N <br />MINING•SAFETY <br />Bill Ow ms <br />Governor <br />Greg E. walcher <br />Executive Director <br />Michael B, Long <br />Director <br /> <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 C1 =Q. (the "Act"), as <br />amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the <br />Board) receives a Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, Jerald Seifert and Fred Lowry <br />(the Operator„), a <br />Partnership XgK has applied for a <br />permit to conduct a mining operation known as <br />Tallahassee Pit (the "Operation"), on certain lands in Fremont <br />County, <br />Colorado. These lands are described in the permit application, as amended and supplemented, and are referred <br />to herein as the "Affected Lands". <br />WHEREAS, in the application for the permit, the Operator has agreed to be bound by all requirements of <br />the Act and all applicable rules and regulations of the Board, as amended from time to time. <br />WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide for <br />reclamation of the Affected Lands that are now, or may become, subject to the permit, as required by law-.