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<br />} STATE OF COLORADO <br />a <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resourcesr Mr. -,Wt <br />1313 Sherman St., Room 215 "3 V <br />Denver, Colorado 80203 99 <br />Phone: (303) 866-3567 q <br />e 19 <br />FAX: (303) 832-8106 <br />? COv?? ., Ge 'I,LJRAL <br />®V l?'J 1999 FnvANCIA%J, wAR[tANTY RESOURCES <br />4? (?,'eater <br />6 ' P v CO1lr VltAlr? ?7V1E1 i <br />Operator: <br />Operation: <br />Permit No.: <br />Warrantor: <br />Street: <br />City: <br />State: <br />Connell Resources, Inc. <br />Wellington Downs Pit <br />M-95-035 <br />Bond No.: 1951031.32230 <br />Roy Romer <br />Governor <br />lames S. Lochhead <br />Executive Director <br />Michael B. Long <br />Division Director <br />x/39 doo . o0 <br />Travelers Casualty and Surety Company <br />Hartford <br />CT Zip Code: 06133 <br />Area Code: 303 Telephone: <br />740-1620 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 3432-101 et M. (the "Act"), <br />as amended, provides that no permit may be issued under the Act until the Mined Land Reclamation <br />Board (the "Board") receives a Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, - Connell Resources, Inc. (the "Operator"), <br />a Colorado - corporation, has applied for a permit to conduct a mining <br />operation known as Wellington Downs Pit (the "Operation"), on certain lands <br />in Larimer County, Colorado. These lands are described in the permit <br />application, as amended and supplemented, and are referred to herein as the "Affected Lands". <br />WHEREAS, in the 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 <br />time. <br />WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide <br />for reclamation of the Affected Lands that are now, or may become, subject to the permit, as required <br />by law.