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APPLI[•ANTS' AGREEMENT TO REO N OF OPENS TOILS <br /> OF MINERAL vEulMaT AND SUCCESS!! <br /> Z permit Number. �� "p D ("Permit") <br /> WHEREAS, on Cot up P.'mit ("Permittee"), <br /> was granted to '1dt.F. "" <br /> p nt to which Permit, Permittee has engaged in a mining operation located in <br /> �i4Y,0 County,Colorado. <br /> WHEREAS, The Permit includes and incorporates any and all subsequent Amendments, <br /> Technical Revisions and/or Conversions' <br /> WHEREAS, Permittee wishes to sign the entire Permit, along with all associated She tine <br /> responsibilities to <br /> Successor"),and Prospective uccessor wishes to become Successor Permittee under the Permit. <br /> WHEREAS, Prospective Successor has inspected the mining and reclamation operations and is <br /> fully aware of the conditions thereof. <br /> WHEREAS, Prospective Successor understands that the Reclamation Plan (the "Plan") is an <br /> integral part of the Permit and is required by law. Prospective Successor has had an opportunity <br /> to thoroughly review the Plan, understands that the Plan has not been completed and that, if <br /> Prospective Successor becomes Successor, he/she/it will assume full responsibility for the <br /> completion of the Plan. <br /> NOW THEREFORE, Permittee and Prospective Successor hereby agree, for their own benefit <br /> and for the benefit of the State,as follows: <br /> Prospective Successor agrees to accept all of the conditions of the Permit, including the <br /> condition that the operation remains in compliance with all applicable laws and regulations,and <br /> to perform all of the obligations of the Permittee under the Permit. <br /> Prospective Successor agrees to complete the Plan, and to assume all liability for the <br /> same,as to all areas presently disturbed,as well as to all areas hereafter disturbed. <br /> Prospective Successor agrees to submit to the Division of Reclamation, Mining and <br /> Safety ("Division"), Performance and Financial Warranties, as required by applicable law and <br /> regulations, which will be substituted for the Performance and Financial Warranties previously <br /> filed by the Permittee, if and when the Division approves a Transfer of Mineral Permit and <br /> Succession of Operators("SO")and releases the latter Warranties. <br /> Prospective Successor represents to the State that, to the best of its knowledge, <br /> information and belief, it is not in violation of any of the provisions of the Mined Land <br /> Reclamation Act (C.RS. § 34-32-101 et. seq.) ("Hard Rock Act") and associated Rules (2 <br /> C.C.R. 407-1) ("Hard Rock Rules") or the Land Reclamation Act for the Extraction of <br /> -8- <br />