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<br />-4- <br />IV. RECITALS <br />qt. On N 0 (J - / °/ - /9 ~ ~/ P«mit Number _ !`~- Q~/-D r{~ was granted co FI2C~i~1 aA~1' <br />LoatL?X ~°n~ ~1; Co^^^",ss,n,y,ce4 (etdsting operates) ('Permittee^), Fmsuant to wlilch Permittee has been <br />Ming a mining operatomr in the County of F2 t~M D A7'i - Stare of Colaedo. <br />2. Permittee wishes to as9gn the permit to -SH~/~= CiYIDF~i~ (new operator), as <br />Sttc~or Operate ('Strccesvor'~ and Sttccessar wislxs W become Successor Permittee under the permit <br />3. S understands that the reclamation plan (the "Plan') required by the Permit and by applicable State laws and <br />regttlations has not bey crmrpleted and is willing to assume full responsibility for the completic®of the Plan. <br />V. AGREEMENTS <br />Permittce and Sttccessorherebyegree, for their own benefit and for the t>eoe6t ofthe State, stuL agte®rents to be e&cAVei~~ <br />upon the approval by the State of the transfer of the Permit from Permittee to Successor, as follows: <br />1. Str~r has ittspected the miffirg and reclamation operations to its Mire satisfaction and isfully aware of the c;ortditicns <br />thereof. Stiucessw understands and accepts all of flu conditions of the Permit. <br />2. Stxcesswwillcompletetheteclatrtationplagandhcebyassumcsliatrilityforcar~klmgsurhplanashiallateasheetofore <br />disturbed,a_vwellastoallmcaahaealterdi~nlted Suwillpetformalloftheobligatiansoft~Pamitfeeun~thePermit <br />which have not lterelofore been performed by Permittee. <br />3. SarhaebytwdasiotheStateitsattachedPerfamanoea~Fina~islWanaoties',whic]taretobe~Medfarihe <br />Performance and Finarcial Warranties heretofore filed try the Permittee, elective upon the release of the latter Warranties. <br />4. Strcceswr repres®ts to Ilu State the; to the best ad'iis knowledge, iaformatian and belief, it is oar in violation of arty of ttte <br />provisions ofthe Colorado Mined Land reclamation Aa with respect to arty abet operation Eby it in the State of Colorado. <br />Perminee and Successor herelry request the State to consent to the assignment of the Permi; to recognize S as Successor <br />Operator ands the Pami; and to accept the tendered substitute Pertonnarxx and Financial Warrar>ties in place of the Warranties <br />presently on file with the State. <br />