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COLORADO <br />Division of Reclamation, <br />Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />June 27, 2018 <br />Kelly Hodge <br />Broken Arrow Investments LLC <br />801 8th St., Ste. 130 <br />Greeley, CO 80631-3903 <br />Re: Derr Pit, Permit M2008-017, Amendment Approval, Revision No. AM01 <br />Mr. Hodge: <br />On June 27, 2018 the Division of Reclamation, Mining and Safety approved the Amendment application submitted to <br />the Division on February 21, 2018, addressing the following: <br />Add 105.8 acres to existing permit and the revise Whiting and reclamation plans <br />The terms of the AM01 approved by the Division are hereby incorporated into Permit M2008-017. All other conditions <br />and requirements of Permit. M2008-017 remain in full force and effect. <br />If the revised liability amount exceeds the performance bond currently held (see below), please submit additional bond. <br />The revision will not be final until the bond is approved by the Division. <br />Current Bond Held: $86,233.00 <br />Total Bond Required: $215,400.00 <br />Additional Bond Required: $129,167.00 <br />Please note that the bond required at this time includes only dry mining (no groundwater exposure) in the currently <br />affected area, and in Phase 5a of the amended area as shown in the approved AM01 mining plan. It will be your <br />responsibility to notify the Division prior to exposing groundwater or disturbing additional surface areas so the <br />reclamation bond may be adjusted appropriately. If you have any questions, please contact me. <br />Sincerely, <br />Eric C. Scott <br />Environmental Protection Specialist <br />Enclosure: Performance Warranty Form <br />1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br />John W. Hickentooper, Governor I Robert W. Randall, Executive Director I Virginia Brannon, Director <br />