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v <br /> <br />2.08.6 Transfer, Assignment or Sale of Permit Rights <br />(1) The request to transfer M[,RD Permit No. 77-442 from <br />GEX Colorado Inc. to Powderhorn Coal Company was <br />made by letter on the date of closing, December 31, 1981. <br />Written approval is expected prior to transfer. <br />(2)(a) Performance bond coverage will be provided by Rule <br />2.08.6 (2)(iii). <br />Sufficient bond ($1,500,000) will replace the <br />GEX Colorado Inc. Security Agreement (Deed of Trust) <br />which previously provided the Reclamation Bond. <br />This new bond will remain in effect until the current <br />MLRD Permit Application is approved and a performance <br />bond amount has been established. At that time the <br />performance bond will be changed to reflect the newly <br />agreed amount. <br />(2)(b) See documents attached to notification of new owner. <br />(3)(a) See proposed newspaper advertisement. <br />