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<br />-4- <br />RECITALS <br />IV. <br />1. Oa May 30, 2003 <br />Owens Brothers Concrete Comz <br />Permit Number M-2001-046 was ganted to <br />_ (existing operator) ("Permittee"), pursuant to which <br />Permittee has been conducting a mining operation in the County of Weld State of Colorado. <br />2. Pemtittee wishes to assign the permit to Ready Mixed Concrete Company (new <br />operator), as Successor Operator ("Successor") and Successor wishes to become Successor Pemilttee order the <br />pemilt. <br />3. Successor understands that the reclamation plan (the "Plan") required by the permit and by applicable <br />State laws and regulations has no[ been completed and is willing to assume full responsibility for the cotttQletion of <br />the Plan. <br />V. <br />Pemilttee and Successor hereby ogee, for their own benefit and for the benefit of the State, such ageements to be <br />effective ipso facto upon the approval by the State of the ttansfer of the Permit from Permittee to Successoq as <br />follows: <br />I. Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully aware <br />of the conditions thereof. Successor understands and accepts all of the conditions of the Pemtit. <br />2. Successor will complete the reclamation plan, and hereby assumes liabilityforrnmplefingsuchplanasto <br />all areas heretofore disturbed, as well as to all aeeas hereafter disturbed. Successor will perform all of the <br />obligations of the Permittee under the Permit which have not heretofore been performed by Pemuttee. <br />3. Successor hereby tenders to the State its attached Perfomance and Financial Warranties, which are to be <br />substituted for the Performance and Financial Warranties heretofore filed by the Permittee, effective upon the <br />release of the latter Warranties. <br />4. Successor represents to the State tha; to the best of its lmowledge, information and belief, it is not in <br />violation of any of the provisions ofthe Colorado Mined Land reclamation Act with respect to any other operation <br />conducted by it in the State of Colorado. <br />Pemrittee and Successor hereby request the State to consent to the assignment ofthe Pemri; to recognize Successor <br />as Successor Operator under rite Permit, and to accept the tendered substitute Performance and Financial <br />Warranties in place of the Warranties presently on file with the State. <br />This jorm has been approved by 1heMined Land Reclamation Boardpursuant to sections 34-32-119, GRS, ofthe <br />Mined Land Reclamatiox Act and 34-32.5-]19, C.RS., ojthe Colorado Land Reclamation Act jor theF,xtraction aj <br />Construction Materials. Any alteration or modijlcation ojthis jorm shall result in void/ng any permb' issued on the <br />altered or modified jorm and subJect the operatorto cease and desist orders and civil penaHiesjoroperating whhour a <br />permit pursuant to sections 34-32-123, C.RS, ajtheMined LandReclamadon Act and 34-32.5-123, C.RS., ojthe <br />Colorado Land ReclamoNon Ad jor the Eztractlon ojConstruction Materials. <br />