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-4- <br />N. $ <br />,,~~ ~~'~Gth <br />1 On IDIZ~ ~~_P«mitNrffiber M-olooo-o`~Iwasgreniedto <br />C.R. Evans (existing operator) ('Permitter'), pursuard to which Permittee has been <br />conducting a mining operadan in the cotmty of ~~ur,b l o (-State of Colorado. <br />2. Pemuttce wishes to essiga the permit to f t~;.,~ m~ ~ ), /~ ~F bS~2~, l 1 i i X y7d1 anew operator), as <br />Successor operator {"Successar7 a~ Successor wishes to become S Permitter under the permit <br />3. Successor uttderstatds that the rechmaeUOa plea (the 'Plan') t+equitnd by the Permit and by applicable State laws and <br />regulation has not been completed and is willing to assume full responsibility for the completion of the PI®. <br />V. <br />Permitter and Successorhereby agree, for their own benefit and for the benefit ofthe State, such eg[erments to be effective jp~ ~ <br />upon the approval by the State of the tran~'ec of the Permit from Pemritter to Suxessa, as follows: <br />I . Stucessor has inspected the mining and reclamation operations to its entire satisfaction end is fiilly aware of the conditions <br />thereof. Successes umdastands s~ actxpts all of the conditions of the Permit <br />2. Soccaswrwilloompletet}xroclemationplagamdbaebyav~esliebi6tyf~oampldmgsa~pleosshtellareashaetofms <br />disturbed, as well es W all areashereatta dupubed Suncessce will perform all of the obligation ofthe Permittee under the Permit <br />which have not hernafore been performed by Permitter. <br />3. Sttccessorhetebyter~rstot)uStaaeitsattachedPetfatmanceendFinmcielWetrentiese.whicharetobesubsliUrtadfarthe <br />Performanx and Firutnciel Warranties heretofore filed by the Permittx, efiective upon the release of the hater Warranties. <br />4. Sttccexsor rcpresatts to the State that, to the best off its knowledge, iafaamation and belief; it is not in violation of e~ of the <br />provisirms ofthe Colorado Mmad Lend rerhm~etion Actwith rasped to any other operation conducted by it in the State of Colorado. <br />Permitter and Successor hereby request the State to consent to the azsigmnent of the Permit, to recognize Succesvar as Successor <br />Operator nectar the Permit, and to except the tendered substihne Performance and Financial Warranies in place of the Warranties <br />presently cn file with the Store. <br />