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- ~ - ..... .. _.-. -...~. .... ~ r~~c ... _a_ fY'. RECitu~s 1 - On ~~-. '~E ~.G ~ [ Perms t Number - 9y ~i% was granted to Soti~rrwy+ C.awls7>'ar.e7-aJ Cam. Y,JG. (etisttnq operator) ("Per~fttee pursuant to worth Per ttee haS been conducting a mining oDlrltlon in the COunty of rte.. />?~ yef State of Colorado. 2. f~rallttee rlfhes to assign the permit to PATµf~aa6R D2J6[JPMfrJT TiJC. (her operitOr), aS Successor Operator <"Successor") and uctessor wishes to ~ beeaes SUCClSSOr Permittee under the permit. 3_ SYCClSSOr understands that the reclamation plan (the "plan•`) reQuired by the pes'ntt and by appllcaDle State lars and regulations has not been completed and is vt111nq to assume full responsibility for the completion of the Plan. V. J11~E1~#ITS Plrarlttee.and Successor hereby agree, for their own benefit and for the beMflt of the State, such agreements to be effective Ipso facto upon the approval by the Stat! of ihe~transfer of the Permit from Permittee to Successor, as follors: - 1. Successor haS inspected the mining and reclamation operations to Sts entire satlsfaetl0n and is fu?ly aware of the conditions thereof. Successor understands and accepts all of the conditions of the Permit- 2. SYttlssOr viii [deplete the reclamation plan, and hereby assuaiet liability for caaplating such plan as to all areas heretofore disturbed, as °veil as to all areas hereafter disturbed. Successor will perform all of the obllgetlons of the Permittee under the Permit which have not heretofore been Derforwed Dy Ptralttee. 3. Soeeefsor htrlDy tenders to the State its attached Performance and Flnanclal darranttes', which are to be substituted for the Performance and Flnanclal Narrantles heretofore Filed by the Permittee, effective upon the release of the latter Warranties. 4. ~ Successor represents to the State that, to the best Of Sts knorledge, inforsf tl0n and belle}, 1t is not in violation of any of the provisions of the [elorad0 M1ned land reclamatton Act with respect to any other operation conducted by 1t in the State of Colorado.