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STATE OF COLO&?O DIVISION OF MINERALS AND GEOLOGY Department of Natural Resources 1313 Sherman St., Room 215 C O L D RAD O Denver, Colorado 80203 D I V I S I o N OR Phone; (303) 8663567 M I N FORA L S FAX: (303) e32-8106 IV ED Z E O L O G Y PERFORMANCE WARRANTY JUN 0 REGLAM A INING NCE :2008 fAfE TY -SCIE DtvIsion o,artd Safety nsill Owen Mining Greg E. Watcher Executive Director Operator: ?.L<L?t?? PO PAL,? ._Ej I Ronald W. Cattany Division Director Operation: Natural Resource Trustee Permit No: /Vl ! 9 glo - /U l KNOW ALL MEN BY THESE PRESENTS, THAT: WHEREAS, the Colorado Mned Land Reclamation Act, C.R. S. 3432-101 gl M. (the "Act"), as amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, C.R.S. 34-32.5-101 !9 M. (the "Act"), as amended, provides that no permit may be issued under the Act until the Mused Land Reclamation Board (the "Board') receives a performance warranty (or warranties) that is a written promise to comply with all applicable requirements of the Act. . SAS, W TI i P"? _-z? (the "Operator"), has applied for a permit to conduct a mining operation known as P c pe p-r- AJo 7 (the "Operation!) "'& icJ County Colorado- These lands= descri?? in the permit application, as amended and supplemented, and are referred to herein as the "Affected Lands". WHEREAS, in its application for the permit, the Operator has agreed to be bound by all requirements of the Act and all applicable rules and regulations of the Board, as amended from time to time. WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of reclamation with regard to those affected lands in c"i aW ---- -- County vhiv are now or may become subject to the permit are those amounts for the stated periods of time as set forth in the financial warranty, which may be amended from time to time to reflect revised estimates of said costs of reclamation. WHEREAS, the Operator hereby gives the Board a performance warranty pursuant to Section 34-32-117(2) or Section 34-32.5-117(2) of the Act, and herein promises the Board that it will comply with all applicable requirements of the Act with regard to those Affected Lands. NOW, THEREFORE, the Operator hereby promises the Board that it will complywith all applicable requirements of the Act and rules and regulations of the Board with respect to the Affected Lands. Office of Office of Colorado Mined Land Reclamation Active and Inactive Mines Geological Survey