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<br />STATE of COLoRAnn <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 />RECEIVED <br />Operator: GP Ranches, LLC <br />Operation: West Farm Pit <br />Permit No: M2008-078 <br />This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C.R.S., <br />of 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 in valid 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, C.R.S., 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. 34-32-101 et seg. (the "Act'), as <br />amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, <br />C.R.S. 34-32.5-101 et seg. (the "Act'), as amended, provides that no permit maybe issued under the Act until the <br />Mined Land Reclamation Board (the "Board") receives a performance warranty (or warranties) that is a written <br />promise to comply with all applicable requirements of the Act. <br />WHEREAS, G P Q ¢,g? LLL (the "Operator"), has applied for a permit to <br />conduct a pining operation known as Sr nz4- (the "Operation") on certain <br />lands in ?tbwe?? County, Colorado. These lands are described in the pen-nit application, as <br />amended and supplemented, and are referred to herein as the "Affected Lands". <br />WHEREAS, in its application for the permit, the Operator has agreed to-b?botuiad by requirements o - <br />the Act and all applicable rules and regulations of the Board, as amended from time to time. <br />PERFORMANCE WARRANTY <br />COLORADO <br />D IV Is ION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />APR 0 7 2010 <br />Division of Reclamation, <br />Mining & Safety <br />WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of <br />reclamation with regard to those affected lands in Ptbwe?-5 County which are now ormaybecome <br />subject to the permit are those amounts for the stated periods of time as set forth in the financial warranty, which <br />may be amended from timc to time to reflect revised estimates of said costs of rcelamatiorl. <br />Office of <br />Mined Land Reclamation <br />Denver • Grand )unction • Durango <br />Office of <br />Active and Inactive Mines