2019-02-08_REVISION - M1997071 (4)

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i APPLICAN AGREEMENT T REQU ESTMANSFER OF MINERAL OERMIT AND SUCCESSLQN—OF OPERATORS WHEREAS,on June 3M V� tww Permit Number m4w-fft ("Permit'l ► was granted to UM&Beverly kWa WWI &Lola Nesseihut ("Permittee") pursuant to which Permit Permittee has engaged in a mining operation located in car County, olorado. WHEREAS, The Permit i cludes and incorporates any and all subsequent Amendments, Technical Revisions and/or nversions. WHEREAS, Permittee wish to assign the entire Permit, along with all associated rights and responsibilities to All R+It Pa and Redi Ma.Im ("Prospective Successor'),and Prospective uccessor wishes to become Successor Permittee under the Permit. WHEREAS, Prospective Suc sor has inspected the mining and reclamation operations and is fully aware of the conditions ereof. WHEREAS, Prospective Su ssor understands that the Reclamation Plan (the "Plan") is an integral part of the Permit an is required by law. Prospective Successor has had an opportunity to thoroughly review the Pla , understands that the Plan has not been completed and that, if Prospective Successor beco es Successor, he/she/it will assume full responsibility for the completion of the Plan. NOW THEREFORE, Permitt and Prospective Successor hereby agree, for their own benefit and for the benefit of the State as follows: Prospective Successor grees to accept all of the conditions of the Permit, including the condition that the operation re ains in compliance with all applicable laws and regulations, and to perform all of the obligation of the Permittee under the Permit. Prospective Successor grees to complete the Plan, and to assume all liability for the same,as to all areas presently isturbed,as well as to all areas hereafter disturbed. Prospective Successor grees to submit to the Division of Reclamation, Mining and Safety ("Division"), Performa ce and Financial Warranties, as required by applicable Iaw and regulations, which will be sub ituted for the Performance and Financial Warranties previously filed by the Permittee, if and hen the Division approves a Transfer of Mineral Permit and Succession of Operators("SO" and releases the latter Warranties. Prospective Successor represents to the State that, to the best of its knowledge, information and belief, it is of in violation of any of the provisions of the Mined Land Reclamation Act (C.R.S. § 3 32-101 et. seq.) ("Hard Rock Act") and associated Rules (2 C.C.R. 407-1) ("Hard Rock les") or the Land Reclamation Act for the Extraction of I