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<br />-~- <br />CV. RECITALS <br />t'lar~ (o <br />l. -Art~'~/_ l-~ ,1Q~~ PermitNtunber(~~rl ~~~~ was granted to <br />~~/1 A ; ~-(,~(l~(711J~ n, ThC (existing operator) ("Pennittee"), pursuant to <br />which Permittee has been conducting a mining operation in the County of h-t!~ ~ vvt S ,State <br />of Colorado. <br />2. Permittee wishes to assign the permit to rCY~t", ~i'1/1~ u~{7"1~5 -~AIC~. 51rt~- <br />(newoperator), as Successor Operator ("Successor") u ssor wishes to become Successor Permittee <br />under the permit. <br />3. Successor understands that the reclamation plan (the "Plan") required by the permit and by <br />applicable State laws and regulations has not been completed and is willing to assume full responsibility <br />for the completion of the Plan. <br />V. AGREEMENTS <br />Permittee and Successor hereby agree, for their own brne5t and for the benefit of the State, such <br />agreements to be effective iRS4 facto upon the approval by the State of the transfer of the Permit from <br />Permittee to Successor, as follows: <br />1. Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully <br />aware of the conditions thereof. Successor understands and accepts all of the conditions of the Permit. <br />2. Successor will complete the reclamation plan, and hereby assumes liability Cor completing such <br />plan as to all areas heretofore distttrtxd, as well as to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the Permittee under the Permit which have not heretofore been performed by <br />Permittee. <br />3. Successor hereby tenders to the State its attached Performance and Financial Warranties', which <br />are to be substituted for the Performance and Financial Warranties heretofore filed by the Permittee, <br />effective upon the release of the latter Warranties. <br />4. Successor represents to the State that. to the best of its lotowledge. information and belief, it is not <br />in violation of any of the provisions of the Colorado Mined Land reclamation Act with respect to any other <br />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 <br />Successor as Successor Operator under the Permit, and to accept the tendered substitute Performance and <br />Financial Warranties in place of the Warranties presrntly on file with the State. <br />