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e 6 . . ' <br />OF Cp1Q <br />Np DEPARTMENT OF NATURAL RESOURCES <br />1876 MINED LAND RECLAMATION DI) <br />PERFORMANCE WARRANTY <br />Operator: Joel Fennern and M:R.-Gydesen Heavy Equipment Co.- <br />Operation: Gold Links Mine w x <br />Permit No: M-87-143 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WNED LAND <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, <br />34-32-101 et seq. (the "Act'%' as amended, provides that no permit may be <br />issued under the Act until the Mined Land Reclamation Board (the "Board") <br />receives a performance warranty (or warranties) that is a written promise to <br />comply with all applicable requirements of the Act. <br />Joel Fennern and M.R. Gydesen <br />WHEREAS, Heavy Equipment Co. (the "Operator"), I <br />XXXXXXXXXXXXXXXXXXXXXXXXXXX4g'RpyX4kk,gM has applied for a permit to conduct <br />a mining operation known as the Gold Links Mine (the "Operation") on <br />certain lands in Gunnison County, Co orado. These lands are <br />described in Exhibit A, attache hereto, and are referred to herein as the <br />"Affected Lands." <br />WHEREAS, in its application for the permit, the Operator has agreed <br />to be bound by all requirements of the Act and all applicable rules and <br />regulations of the Board, as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that <br />the estimated costs of reclamation with regard to those affected lands <br />in Gunnison County which are now or may become subject to the permit <br />are those amounts for the stated periods of time as set forth in the financial <br />warranty, which may be amended from time to time to reflect revised estimates <br />of said costs of reclamation. <br />WHEREAS, the operator hereby gives the Board a ,performance warranty <br />pursuant to Section 34-32-117(2) of the Act, and herein promises the Board <br />that it will comply with all applicable requirements of the Act with regard to <br />those Affected Lands. <br />NOW, THEREFORE, the Operator hereby promises the Board that it will <br />comply with all applicable requirements of the Act with respect to the <br />Affected Lands. <br />01 <br />423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203 Tel. (303) 866-3567