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-a- <br />IV. itECTT.4I.S <br />1. On ~ /°/ ~ ~ ~ , /98//'~ Permit Number /"1 ~ ~ was granted to <br />~C c~o~J /f/ ¢/~RP%~~ ~r ff./P/YI a9 %~ (existing operator) ("Permittee'"), pursuant to <br />which Permittee has been conducting a mining operation in the County of N~ ft9 Q, ,State <br />of Colorado. <br />2. Permittee wishes to assign the permit to V~ ~ ~/ (~C°~2 ~L~ <br />(new operator), as Successor Operator ("Successor") and Successor wishes to become Successor Pennittee <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 anti Successor hereby agree, for their own benefit and for the benefit of the State, such <br />agreements to be effective jp~ ~4 upon the approval by the State of the transfer of the Permit from <br />Peinuttee to Successor, as follows: <br />1. Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully <br />awaze 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 liability for completing such <br />plan as to all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the Pemuttee under the Permit which have not heretofore been performed by <br />Permittee. <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 Permitter, <br />effective upon the release of the latter Warranties. <br />4. Successor represents to theState that, to the best of its lmowledge, information and belief, it is not <br />in violation of any of the provisions of the Colorado Mined 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 consrnt 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 />