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<br />_4. <br />IV. RECITALS <br />1. On Z ~ 11 , 9q9 Permit Number m~~ ggl7~ ~5~ was granted to <br />L1IES1Ei(N moA~t.ESwn+~tnJ,ruc '(existing operator)!"Permittce"),puisuantto <br />which Permittce has been oondud'mg a mining operation in the County of pd~ g ~ ° State <br />of Colorado. <br />2. Permittce wishes to assign the permit to Lafarge west, Inc. <br />(new operator), >u Successor Operator ("Successor") and Successor wishes to become Successor Permittce <br />under the permit <br />3. Successor understands that the reclamation plan (the "Plan's 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 />Pertnittce and Successor hereby agree, for their own benefit and for the benefit of the State, such <br />agreements to be effective jps~ a o upon the approval by the State of the transfer of the Permit from <br />Pernmittee to Successor, as follows: <br />l . Sucossor 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 oomplde the rcelamatidn plan, and hereby assumes liability for completing such <br />plan as to all areas hertxofore disturbed, as well as to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the Pemtittce under the Pemtit which have not heretofore been performed by <br />Pe[mittce. <br />3. Sucossor hereby tender: to the State its attached Performance and Financial Warranties, which <br />are to be substituted for the Performance and Financial Waratties heretofore filed by the Permittce, <br />effective upon the release of the latter Warranties. <br />4. Successor represents to the State that, to the best of its knowledge, information and belief, it is not <br />in violation of any ofthe provisions of the Colorado Mined [.and reclamation Act with respect to any other <br />operation conducted by it in the State of Colorado. <br />Pertnittce 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 [he Warranties presently on file with the State. <br />