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4- <br />IV. R~'~7'A1S <br />1. ~ ~ (F y~~,.~ 200Z Permit Number ~ ZO~?'00~ was granted ro <br />/,r~Q/r~iOi'J' ~y GtarO~a~7~~ JPJ~ecIC (ea4stin6 operator) ("Pecmittce"), Pursuant to which Permince has been <br />conducting a mining operation in the Cotmty of P~ ~ k .State of Colorado. <br />2. Permittce wishes to assign the permit to =TvSP~l, L - ~ o k+P'S (new operator), as <br />Successor Operator ("Successor") and Successor wishes to become Successor Permittee under the permit <br />3. Successor lmdrdsixndc that the reclamation plan (the "Pleo") required by the permit and by applicable State laws and <br />regulations has not been completed and is willing to assume full responsibility for the completion of the Plan. <br />V. <br />Permittee and Successor hereby agree, for their own b®eSt and for the benefit of the State, such agreemenu to be effedive~ facto <br />open the approval by the State of the transfer of the Pcmit from Permittee to Successor, as follows: <br />]. ~uccessor has inspected the mining and reclamation operations to its entire setisfadian and is fully aware of the conditions <br />thereof.Sujccessor understands and accepts all of the conditions of the Permit <br />2. 3(~ece~ ssar will comptete the reclamation plan, and hereby assumes liability for campldmg surLplan as to all e~easheretofore <br />disturbed, as well as to all areas hereaRer disturbed Successor will perform all of the obligations of the Permittce under the Permit <br />which have nd heretofore been performed by Permittee. <br />3. SuccessorherebytenderstotheStateitsattechedPerformaneeandFinentialWarranties~,whicbaretobesubsannedfortbe <br />Performance and Financial Warranties heretofore filed by the Perminee, effective upon the release of the latter Warranties. <br />4. °l represents to the State tba; to the best of its ]mowledge, information and belief; it is nd in violation of arty of the <br />provisions ofthe Colorado Mined Land reclamation Ad with tespedto any other operation conducts by it in the State of Colorado. <br />Permittee and Successor hereby request the State to consent to the assignment of the Perini; to recognize Successor as Successor <br />Operator under the Perini; and to accept the twdered substitute Performance end Financial Warrantiesin place of the Warranties <br />presently on file with the State. <br />