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<br />-a- <br />[V. RECSTALS <br />1. On Permit Number ~- °D was granted to <br />~AM~~ ~~t7rn (,~{~ wl G • (existing operator) ("Pennittee'"), pursuant to <br />wttich Perrnittce has been conducting a mining operation in the County of Y~~, ,State <br />of Colorado. <br />2. Permittce wishes to assign the permit to ~ ~~Y~'~`' ~nt~ L(S~T'1~5 -ti~~,Q S1~IL . <br />(new operator), as Successor Operator ("Successor") ube 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 Suceessor hereby agree, for their own benefit and for the benefit of the State, such <br />agreements to be effective i~,~Q facto upon the approval by the State of the transfer of the Permit from <br />Permittee to Successor, as follows: <br />]. 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 assttmes liability for completing such <br />plan as to all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perform <br />ali of the obligations of the Permittee under the Permit which have not heretofore been performed by <br />Permittce. <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 ]cnowledge, information and belief, it is not <br />in violation of any of the provisions of the Colorado hlined 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 presently on file with the State. <br />