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<br />If this Financial Warranty applies to National Forest lands, and if this Financial Warranty is accepted by the United
<br />States Forest Service ("U.S.F.S.") as the bond required under 36 C.F.R. 228,13, then the Operator, having requested that the
<br />Board and the U.S.F.S. accept this single Financial Warranty in lieu of the separate bonds which would otherwise be
<br />required by applicable law, hereby agrees that, notwithstanding any other provision hereof, or of law, this Financial
<br />Warranty shall remain in full force and effect until U.S.F.S. has advised the Board by written notice that the Operator's
<br />obligations to U.S.F.S., for which this Warranty is executed, have been satisfied, and until the financial watrantyhas been
<br />released by the Board.
<br />If this Financial Warranty applies to lands under the jurisdiction ofthe State Board of Land Commissioners ("Land
<br />Board"), and if this Financial Warranty, in whole or in part, is accepted by the Land Board as the bond required under its
<br />applicable law and procedures, then the Operator, having requested that the State accept this Financial Warranty in lieu of
<br />the separate bonds which would otherwise be required by the Colorado Mined Land Reclamation Board or Division of
<br />Reclamation, Mining and Safety and by the Land Board, hereby agrees that, notwithstanding any other provision hereof, or
<br />of law, this Financial Warranty shall remain in full force and effect until -the Board is notified in writing by the.Land Board
<br />that the Operator's obligations to the Land Board, for which this Warranty is executed, have been satisfied, and until the
<br />financial warranty has been released by the Board.
<br />If all or any part of the Affected Lands are under the jurisdiction of the Bureau of Land Management, United States
<br />Department of the Interior (the "BLM"), and if, at the request of the Operator on this Financial Warranty, the BLM has,
<br />pursuant to 43 C.F.R., 3809.570, accepted this Financial Warranty then, notwithstanding any other provision of this
<br />Financial Warranty, or of law, the Operator and Warrantor hereby agree that this Financial Warranty shall-not be released
<br />until the Board is advised in writing by the BLM that the.. Operator's obligations to the BLM, for which this Warranty is
<br />executed, have been satisfied, and until the financial warranty has been released by the Board. The Operator agrees that this
<br />Warranty shall also be redeemable by the Colorado State Director, U.S, Bureau of Land Management.
<br />PROVIDED, however, the Surety shall not be liable under this bond for an amount greater in the aggregate than the sum
<br />designated .in the frstparagraph hereof, unless increased by a later amendment, and shall not be liable as respects anyobligation related
<br />to prospecting and reclamation operations performed after the effective date of a cancellation of this bond pursuant to the terms of
<br />Section 34-32-117(3), C.R.S. This'bond shall remain in force and effect as respects all obligations for all prospecting and reclamation
<br />operations performed pdor.to the effective date of such cancellation unless the -Principal files a substitute bond which: 1) assumes
<br />liability for all obligations for all prospecting and reclamadon.operations performed during tine eft'ecfiVe dates of this bond, and 2) -is
<br />acceptable to the Mined Land Reclamation Board; or unless the Mined Laird Itpelamatimi Board otherwise releases this Surety.
<br />Signed, scaled,. and dated-this 16th day of
<br />Denison lines
<br />By,
<br />-:. .-
<br />tincipal
<br />Executive Vice President of Operations
<br />April
<br />Denison
<br />Vice Presidenfand U.S. Council
<br />Title.
<br />Title
<br />1050 1711' Street, Suite 950
<br />Mailing Address
<br />Denver, Colorado 80265
<br />105017d' Street, Suite 950
<br />Mailing Address
<br />Denver, Colorado 90265
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