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If this financial applies to lends ender the jurisdiction of the State Bawd of Lend <br />Cammindwuers("Iand Bond'), end if &b fmarcial wotwely, In whale or in part, is accepted by aim [and Bored as <br />• the bend required wider its applicable h►wemi ptocedates, than the Pfospedur, Innitgeagweated that the Stale =rep <br />this financial warranty in lien of the scrawny bends which would elhawise be tesguired by the Hoard or Division of <br />Reclamation, Mining and Wily and by the Land Bond. hardly wear tint, notwitbslenditg oqy ether prowielos <br />hwral or of taw, die financial wanunty shall rennin In fug fwse end diem uaIB Ike Bawd is rivaled in wrhlag by <br />ho [and Bared Ihet the Prospector's obligations to the Land Baud, for which Ibis warranty is e>seceled, have been <br />aalisOed, and emit die 6oaneial wannaty has been released bytbe Hoard. <br />If all or any part of the affected lands are ander the juriediclirn oldie Bureau of Land efemgewent; United <br />Stases Depamaeid of the lueedra (the "BLW), and lf, at the request of the Prospector an thin fTaaouaat womanly, the <br />HIM has, paraaaat to 43 COL, 31:09.570, accepted thie financial wanaaty than, aetwldistendfng My ether provision <br />ar thirdinancisi warranty, or elm, the Ptospector bereby ogees that thii Emmet wanmityohallnothereleaseduntil <br />the Board is ndvked in writing by the BIM that the P u.pecIor'c obligations to the BLM, for which this wanenty is <br />executed, tare been rsdisfied, and audit the Bsnncld wamedy has bean released by the Board. The Pawpaw woes <br />that His warranty stall akobe Redeemable bydteColorado Stale Director, U.S Baaeau of Limit Management. <br />PROVIDED, hammer, the Warrants shall not be liable under Ws Sea nuM warranty for no amount greater <br />in the egg agate than the sum deaignsled In the Brat paragraph hereof, unless increased by a later artrendanent, and shall <br />not he liniga na sespectr any obligation misted to proapeathtg end ecelemeden operations perfnued maw the e)feetive <br />date of s cancellation of thla ltea ndel waminty praaeuut to the terse of Seethe 34-32411(5X, C,R.S. , rt amended. <br />'this lnandsl wanarety shall remain in three and effect as sespecis all obliga[taos for all prospecilara and reakmation <br />operaliaaa performed prior to the elEctive dale of cinch ceocellelan unless the Peiaripal Elm a aubstihrle 6nnnoW <br />warranty Web: 1) nettles liability the all obligations lb all prospecting and reckeaallon operations performed <br />during the effective dale of this ftontelal malty; and 2) is aecephlle to the Honed, or unless tie Bawd Awoke <br />relamees tide Honneiil wammly: <br />The Warranter mauves Ilse rigid loaned this &aocial avaaanty, effective only apes an aenheasary dam, and <br />only by gtviog written next to lhatoftbef„ moiled by Codified Mall, nI toast nib OD) days prior to such mein raoy <br />du e, addressed Co both the Prospector at its address herein abikil, and to the Board at the damn book ruled. In the <br />mad crouch cancel laden, this finenclel warrany doll nevadaelegff sewrahn In lilt Pane and ofTeet as respects the <br />reelamatioa efad araai die arbed prior to the elective dale of each weedladies, union and anal the hespcobrr shall <br />fdes a substitute financial wamonly which: (I) assume liability thrall reclemetion obligstfana which shelf have arises <br />at may time wbiktthk liiianclel warraty lain Axes and {2) le accepted in %wiling by the Beard. <br />J <br />J <br />-2- <br />