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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department or Natural Resources <br />1313 She-man St., Room 215 UIVISION OF <br /> <br /> <br />Denver, Colorado 80203 M <br />I N E R A L S <br /> <br />Phone: (303) 866-3561 & ,- <br />G E O L O G Y <br />=AX: (303) 832-8106 4 C L q r. q' ; J H <br />r, <br /> I , •ja{?-Y <br /> Bill Cw-ns <br /> Governor <br />FIN:kNCI.U W aRRA:NTY Gre, E. wa)cher <br />Executive DFrec:or <br />CORPORATE SURETY <br />Michael2 Lon; <br />Direcor <br />Operator: Nielsons, Inc. <br />Operation: Red Mesa Pit <br />Permit No.: Bond No.: 225856 <br />Warrantor: American Home Assurance Company <br />Street: 175 Water Street <br />City: New York <br />State: New York Zip Code: 1008 <br />Area Code: 800 Telephone: 876-5442 <br />1QgOW ALL MEN BY THESE PRESENTS. THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act. C.R.S. 1973, 34-32-101 et s=. (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 />WTERMAS, Nielsons, Inc. (the "Operator"), a <br />Colorado corporation, has applied for a permit to conduct a mining operation latovm as <br />Red Mesa Pit (the "Operation"), on certain lands in La Plata 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 nou•, or may become, subject to the permit, as required by lacy.