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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY RECEIVED <br />Department of Natural Resources <br />1313 Sherman Room 215 MAY 17 2002 D I V 1 5 1 0 N O F <br />Denver, Colorado o 80203 <br />Phone: (303) 866-3567 MINERALS <br />FAX: (303) 832-8106 Division of Minerals and Geology & <br />GEOLOGY <br />RECLAMATION <br />PERFORMANCE WARRANTY MINING • S A F E T Y <br />Bill Owens <br />Governor <br />Greg E. Walcher <br />Executive Director <br />EC,?or? C Michael B. Long <br />Division Director, <br />Operator: <br />r <br />Operation: <br />Permit No: /??- J9 7.7 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et sec . (the "Act"), as <br />amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, <br />C.R.S. 34-32.5-101 et seq. (the "Act"), as amended, provides that no permit may be issued under the Act <br />until the Mined Land Reclamation Board (the "Board") receives a performance warranty (or warranties) that <br />is a written promise to comply with all applicable requirements of the Act. <br />WHEREAS, S /`EEL 6- (the "Operator"), has applied for <br />a permit to conduct a mining operation known as w w e-, a <br />(the "Operation") on certain lands in LP.1.ffl County, Colorado. These <br />lands are described in the permit application, as amended and supplemented, and are referred to herein as <br />the "Affected Lands". <br />WHEREAS, in its application for the permit, the Operator has agreed to be bound by all <br />requirements of the Act and all applicable rules and regulations of the Board, as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of <br />reclamation with regard to those affected lands in , Zzl p/R f County which are now or may <br />become subject to the permit are those amounts for the stated periods of time as set forth in the financial <br />warranty, which may be amended from time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Operator hereby gives the Board a performance warranty pursuant to <br />Section 34-32-117(2) or Section 34-32.5-117(2) of the Act, and herein promises the Board that it will <br />comply with all applicable requirements of the Act with regard to those Affected Lands.