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4- <br />N. t1;~CITAIS <br />I. On S U NE l 3 . Z 00 Permit t~Trmztrer /n-19 89- 084- .vim ~rted to <br />~~ R ~ is Ft N Qi4NC }E LL G (existing operator) (`Pamittee'), pursuant to wtrich Permittee ties been <br />conductin8 a mining operation in the County of GYe moil t . Statc of Colorado. <br />2. Pernritta wishes to assign the permit to !S o cK t~ 7 To/~'I t LL G (oe~, oparatm.), as <br />Sum Opuator ("Successor") ~ Srx:cessor wishes to become Successor Permittee undo the permit <br />3. Successor uadastands that the reclamation plan (tire'Plan') required by the permit and by applicable State laws and <br />regulations bas not been ccmq~lettd and is willing to assume full respoasilrility far ilx completion of the Plm. <br />V. AGRE&11iF.1V1'S <br />Permittee earl Successorhereby agree, far their own benefit and forthe benefit ofihe State, stxh agreemcets to be efl'ative jpsg?`~ <br />upon the apgrovat by the State of ttx traasfa of the Permit firm Peamittce to Sutxessor, as follows: <br />I . Suter has iatpetxed the mining and reclamation opaatioro to its wore satisfaction and is fully aware of the conditions <br />thercoi Successor u and accepts all of the conditions of the Permit <br />2. Successor will complete ttx reclamation plan, ~d hereby assumes liability forcompletmg sucLplen as to aD are~haefofwe <br />disttubcd, as well es to aU areas hereafter disturbed Successor will perform aU of the obligations afthe Permittce un~r the Permit <br />which have not heretofore bem performal by Permittee. <br />3. Succr~orherebytaadeastotluStateitsattac6edPerformencesndFinamaelWmrmties".whirharetobesubstinrtadforthe <br />Performeace and Finmciel Warrarties Leretofore Sled by the Pemrittee, a$'ectiva upon the release of the tatter Warrantics. <br />4. Successarr~eptes~tstolheStatetluu,tothebestofitsknowledge,infarmetic~andbeSe~itisrotinviolationofmyofthe <br />provisicros ofthe ColaradolviinedLand reclamation Adwith respetxto mry orbs operaticat condtrcled by it in the Stele of Colorado. <br />Permittee and Successor ]rereby request the Stan to coastal to the assignment of the Permit, to recognize Successor es Successor <br />fur' tmda the Permit, end to accept the tendered substihde Perfamartce turd Finmtciel Warranties in place of the Warranties <br />presently as file with the State. <br />