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1 <br />-4- <br />IV. REC?TAIS <br />I, pn ~ ~ "~' ` ~ g l~ ~ ~ Permit Number 11 ~ - 14 ~ - OZ~was granted to <br />('n~rlRa~~ b~ afy,(~,L. (e~risting operator) ("Permittee"), pursuant to which Permittce has been <br />conducting a mining operation in the County of ~.~^..4c~ :~~ ff nit . Sf tan of Colorado. <br />2. Permittce wishes to assign the permit to ~o ~O 2.d do l/t lA~~ ~ , ~. t-. (new operator), as <br />Successor Operator ("Successor") and Successor wishes to become Successor Permrttee under the permit <br />3. Successor understands that the reclamation plan (the "Plan") required by the permit and by applicable State laws and <br />regulations has not bem completed and is willing to assume full responsibi]ity for the completion of the Plan. <br />V. AGREEMENTS <br />Permittee and Successorherebyergree, for theirown benefit and far the benefit ofthe State, such agreements io be effectiveips~feaa <br />upon the approval by the State of the tran~'er of the Permit from Permittee to Successor, as follows: <br />I . Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully aware ofthe conditions <br />thereof. Successor understands end accepts all of the conditions of the Permit <br />2. Successor will complete the reclamation plan, end hereby assumes liability for ewmpleting surhplan es to all areasheretofore <br />disturbed, as well as to all areas hereafter disturbed. Successor will perform all of the obligations of the Permittee under the Permit <br />which have not heretofore been performed by Permittce. <br />3. Successor hereby tenders to the State its attached Performance end Finmcial Werrantiesa, which areto be substituted farthe <br />Performance and Financial Warranties heretofore filed by the Permittee, effective upon the release of the latter Warranties. <br />4. Suecessa'represents to the State that, to the best ofits laww]edge, information and belief it is not in violation of any of the <br />provisions ofthe Colorado Mmed Land reclamation Act with respect to mty other operation conducted by it in the State of Colorado. <br />Permittee and Successor hereby request the State to consent to the assignment of the Permit, to recognize Successor as Successor <br />Operator under the Permit, and to accept the tendered substitute Performance end Fimncia] Warranties in place of the Warranties <br />presently on file with the State. - - _ <br />