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JUL. 24.2007 5:56AM AMERICAN GYPSUM N0. 942 P. 7 <br />.q. <br />rv. <br />I. On D ~ ci= r-l~n ,~ ~ 21X7 z Permit xurnher - f 9~? c <br />A.r-~c~.r..-,..> Cr-crc~...~ Cw...f~wr (existutgopentvr)("Permittce") <br />PemtiGee has bees conducting a mining opentba in the Coutuy of ~G~ , <br />2. Pt+usitaee wishes ro assign the pctmit ro A,-~e 4,t G-ARu ~ Cs~+/+~+~c~ <br />operator), as Successor Operawr ("Suocessor") and Successor wishes ro beooroe Suceesaor <br />pemtit. <br />3. 5uceessor undrraffinds that the reclamation plan (dra "Plan") required by the pmnit <br />Stale laws cod regulations ltes Lot bear earttplt:tedand is willing ro aesttmc full responsibilityfa <br />the Plsn. <br />V, AGftra.l;:tNEtJ~fs <br />Permittee and Successor hereby agree, for their owa benofu and forthe benefit of the Stale, stuh a <br />ettL•cave~Co ~ upon tlu approval by the Save of the tranvfer of the Pernrit fmm Permi'toee i <br />follows: <br />1. Successor hasuospectedtbemiaiugaadceclamationopemtioasroitsendresatisfactioaa <br />of tiu conditions thereof. Successor uttdexstarufs and accepts aU of the conditions of lbe Permit. <br />2. 3uxessorwill complete the roclalnalionplan, and hereby assuttxs liabi]ity for cautpletin; <br />aU ateaa berelofoxe distrulaed, ae well as ro all areas bereaRer disbabed. Succeuor will Per <br />obligatlmas of the PemriGee tmdor the Permit which Lave not hererofore Lem performed by Pam <br />3, Successor hereby leaders fa the Sbk ib attarLed Perfomrmee and Fiaancial Warranties+, <br />suhsdtutcd for the Perftamn~e and Pioauciat Warranties henlofott Sled 6y the Permittce, etfi <br />mlease of dra latter warranties. <br />4. Successor rtpresenea ro the Stale that, ro rho best of its lmowladge, inPorroatiou and be: <br />violation afany of the proviaiora ofdte Colorado Mined land tociamatioa Act with respect ro any <br />conducted by it in the Sffik of Colorado. <br />Pelmittea and Suocossorhereby ttqueathe Statero coasaG rothe aseigmnentofthe Pemnit, b rttol <br />as Succossor Oparator under We Parnit, end k accept dta tendered subatirok Performance <br />Wartattties in place Of the Warranties presently on file with fhe State. <br />was gnakd ro <br />tywuttowhldr <br />e of Colorado. <br />(new <br />(tree under lbe <br />by applicable <br />oomyth:donof <br />rcemmts ro be <br />Successor, ae <br />lis frdlyawam <br />mrb Ataa as ro <br />um all of the <br />Gee. <br />vhichatt ro be <br />rive upon the <br />:~ it is not in <br />rheraperation <br />ice Suxasor <br />nd Financial <br />