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.q. <br />~~ <br />IV. RECITALS C~"XUG•t~ Z~ ~ 1 ~y ~ <br />1. On ~ 2 ~9~'~~', ~Per.~mitNumberr~!1,L~?"~~asgrantedto <br />r~f~Cf) `~~esisting operator) ("Pennittee"), pursuant to <br />which Permittee has been conducting a mining operation in the County of B Pf't ~ ,State <br />of Colorado. <br />~ s <br />2. Permittee wishes to assign the permit to 1 U ~ / (( ~ f~~~ <br />(new operator), as Successor Operator ("Successor') and Su ssor wishes to become Su or ernrittee <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. <br />Permittee and Successor hereby agree, for their own benefit and for the bereft of the State, such <br />agreements to be effective i_p_gs 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 />awaze 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 for completing such <br />plan as to all areas heretofore disturbed, 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 />aze 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 larowledge, 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 o£ Colorado. <br />Pemvttee 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 presently on file with the State. <br />