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f ? <br />STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St, Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866.3567 <br />FAX: (303) 832-8106 <br />RWOMN <br />NOV 2 3 2009 <br />Divirion of Reclamauon <br />Mining and Safety , <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />FINANCLAL WARRANTY <br />CHECK FOR DEPOSIT IN STATE TREASURY <br />Operator <br />Operation <br />Stone Cliff Investments, LLC <br />Ghost River Gravel Pit <br />Permit No. M-2003-002 Check No. <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br /> <br />This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C R.S., of <br />the Mined Land Reclamation Act and 34-32.5-117, C.R.S., of the Colorado Land Reclamation Act for the <br />Extraction of Construction Materials Any alteration or modification of this form, without approval by the <br />Board shall result in the financial warranty being invalid and result in the voiding of any permit issued in <br />conjunction with such invalid financial warranty and subject the operator to cease and desist orders and civil <br />penalties for operating without a permit pursuant to sections 34-32-123, CBS, of the Mined Land <br />Reclamation Act and 34-32.5-123, C.R.S, of the 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, 34-32-101 et seq. (the "Act"), as amended, <br />provides that no permit 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, Stone Cliff Investments, LLC (the"Opetator),a <br />corporation, has applied for a permit to conduct a mining operation known as <br />Ghost River Gravel Pit (the "Operation"), on certain lands in Huerfano Ca ly, <br />Colorado. These are described in the permit application, as amended and supplemented, and are referred to herein as the <br />"Affected Lands". <br />WHEREAS, in the application for the permit the Operator has agreed to be bound by all requirements of the Act and <br />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 reclamation of <br />the Affected Lands, that are now or may become subject to the permit, as required by law. <br />Office of Office of <br />Mined Land Reclamation Denver - Grand Junction - Durango Active and Inactive Mines