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STATE OF COLOWO <br />DIVISION OF MINERALS AND GEOLOGY <br />f N <br />l R <br />RECEIVE <br />A_111? <br />Department o <br />atura <br />esources D <br />t313 Sherman St., Room 215 COLORADO <br />Denver, Colorado tl0203 <br />MAY p g 2008 DIVISION Of <br />Phone: 1303} ab6-35b7 <br />FAX, t303> °?-aloe Division of Reclamation GEOLOGY <br /> , <br />Mining and Safety aEC+Ar+ SAFETY-SCIENCE <br />NCE <br />Bill OwanS <br />MANCXAL AM A,NTY Governor <br />CU,R90RAn SUYtETY Russell George <br />Executive Director <br />Ronald W. cattany <br />Division Director <br />Nature] Resource Trrus,te <br />Operator: SW Chambers, LLC by Pioneer Sand Company, Inc. <br />Operation: Heit Pit <br />Permit No,,. M-2003-016 BondND.: 105106599"l? <br />f <br />Warrantor: <br />Street: <br />City: <br />State: <br />Travelers Casualty and Surety Company of America <br />One Tower Square <br />Hartford <br />CT <br />Zip Code: 06183 <br />Area Code-' 720 Telephone: 200-8100 <br />Thisform has been approved by the Mined Land Reclamation: Boardpursuant to sections 34-32-117, C,R.S., <br />of tine Mined Lund Reclamation Act and 34-315-117, CR.S,, of the Colorado Land ReclamationAct for the <br />Extraction of Construction tMlaterfaI& Any alteration or modificadon of this farm, without approval by Ilse <br />Board shall result in the financfal warranty being invalid and result fit the voiding of arty persteit issrted in <br />conjunction ivith such invaRdfrssancial warranty and subject lire operator to cease anddesist orders andrdpil <br />penalties for operating without a permit pursuant to sections 34-32-123, C1.,., of the .]bitted Land <br />Reclamationn Act and W25.123, CRS., of tite Colorado Land Reclamation Act for the Extraction of <br />Construction Materials . <br />KNOW ALL. MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S, 1973, 34-3-10I et M, (tile "Act"), as amended, <br />provides that no pertrdt may be issued under the Act until the Mined Land Reclamation Board (the "Board") receives a <br />Financial Warranty (or Warranties) as described in the Act, <br />WHEREAS, SW Chambers, LLC by Pioneer Sand Company, Inc. (the "Operator''}, a <br />CO <br />Heit Pit <br />corporation, has applied for a permit to conduct a mining operation known as <br />(the "Operation"), on certain lands in Weld <br />County, Colomdo. These lands are described in the permit application, as amended and supplemented, and are referred to <br />herein as the "Affected Lands", <br />WHEREAS, in the application for the permit, the Operator has agreed fDbe bound byall requirements of the Act and all <br />Office or Office of Colorado <br />Miner! Land Reclamation Active and Inactive Mines Geological Survey