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_4. <br />IV. RECITALS <br />1. On S mh~r I ~ la ~ Permit Number ~~ was granted to <br />Qe=~9 ZVt!' . (existing erator) ("Permittee"), pursuant to <br />which Permittee has been conducting a mining operation in the Co ty of _~ ~~ _ ,State <br />of Colorado. <br />2. Permittee wishes to assign the permit to <br />(new operator), as Successor Operator ("Successor"j and $q censor shes to become Successor Permittee <br />under the permit. <br />3. Successor understands that the reclamat <br />applicable State laws and regulations has not been <br />for the completion of the Plan. ~ <br />plan (the "Plan") required by the permit and by <br />~pleted and is willing to assume full responsibility <br />V. AGREEMENTS <br />Permittee and Successor hereby agree, for their own benefit and for the benefit of the State, such <br />agreements to be effective ~ acto u/,9,[_,n the approval by the State of the transfer of the Permit from <br />Permittee to Successor, as follows: <br />t. Successor has inspected the~mg and reclamation operations to its entire satisfaction and is fully <br />awaze of the conditions thereof. S nor understands and accepts all of the conditions of the Permit. <br />2. Successor will complete a reclamation plan, and hereby assumes liability for completing such <br />plan as to all areas heretofore din rbed, as well as to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the P rnittee under the Permit which have not heretofore been performed by <br />Permittee. <br />3. Successor hereby~ders to the State its attached Performance and Financial Warranties*, which <br />are to be substituted for he Performance and Financial Warranties heretofore filed by the Permittee, <br />effective upon the releas of the latter Warranties. <br />4. Successor rep ents to the State that, to the best of its knowledge, information and belief, it is not <br />in violation of any oft a provisions of the Colorado Mined Land reclamation Act with respect to any other <br />operation conducted y it in the State of Colorado. <br />Pemzittee 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 />