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U ~ k7 oc 1U.1~o 1L. _ I ~Hu ~rl ~L rtc_ <br />MINED LAND RECLAMATION DIVISION <br />0^oirlmMl a N^Wr^I R^WUrte^ <br />1317 Sn^rman Bt., Rt•om 218 <br />Denver. CO 8020;1 <br />307 866-7581 <br />~~%: 303 932.810a <br />ILL I,J.~II~ ~.~--~_L~ - <br />oS~ES!/~/sxr` l~P~. <br />STATE OF COL(~~l IIIIIIIIIIIIIII! <br />^ <br />SEA 21 1992 ~' ~' ~ -__ <br />COAL RECLAMATION BOND Aa^p^r~• <br />FOR US W TH LETTER OF.~GR6AIT: °aI"m°` <br />~~EDERAL MIMINE"""=+~r~ra&`~~~"-. FnaA,B^nu. <br />Dlvgbn prbcbr <br />Permit NO.: C-di-022 <br />• <br />KNOW ALL MEN BY THESE PRESENTS, That 5o.nerset Mining Company <br />of the County of Gunnison and State of Colorado as Principal, <br />(hereinafter "Principal", whether one or more Principals) 1s held hereby and <br />firmly bound unto the State of Colorado (the "State") and the United States <br /><"the United States/Office of Surface Mining Reclamation and Enforcement <br />(OSMRE>)"; 1n the sum <br />of Thirty S=van Thousand and 00/100------------------------Dollars <br />(E 37,000.00 ) for the payment of which sum, well and truly to <br />be made, the Principal hereby binds itself and its Successors and assigns <br />firmly by these presents. <br />Principal has Caused <br />Of Gelta State Of Colorado <br />(the "Bank"), to issue Its Irrevocable letter of Credit No. ao279 , <br />dated August 24 1992, payable to the State of Coiorado Mined <br />Land Reclamation Board (the "Board") and the United States/OSMRE fn the amount <br />of thirty Sevin thousand and no/100-------- <br />poll ars (S 37 , 000. oo ) (the "Letter <br />of Credit") and as delivered tt to the State, to be hold by the State as <br />surety (the "Surety") for the faithful performance by the Principal of its <br />obligations to the State as evidenced by this bond. The Bank 1s not a party <br />to this agreement. Its obllgatlons are set forth In its letter Of Credit. <br />Nothing fn this instrument diminishes or puallfles the Bank's obllgatlons <br />under its letter of Credit. <br />WHEREAS, the Principal has applied far a permit (the "Permit"> to <br />conduct mining and reclamation operations on certain lands in Gunnison <br />County, Colorado which, for convenience of reference, nre described as fo ows: <br />lyorwest Bank <br />• <br />