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4- <br />IV. RECITALS <br />t . O/tn (JL ~ 0 6 e ~ ~ ~ ~ / $~ Permit Number/ / 9a~o -/ ~ 9 was granted to <br />G / PdrS o C Btf /E f,,~ {existing operator) ("Permittee"), pursuant to which <br />Pemmittee has been conducting a mining operation in the County of ~ / ~°'S© ,State of Colotado. <br />,9siO~al~~.Lrr~, <br />2. Permittee wishes to assign the pemmit toROL/~(t/ .~dur4{a.ry /~.t }Pr~a~S an~r (new <br />operator), as Successor Operator ("Successor") and~essor wishes to become Successor Permittee under the <br />permit. <br />3. Successor understands that the reclamation plan (the "Plan") required by the permit and by applicable <br />State laws and regulations has not been completed and is willing to assume full responsibility for the completion of <br />the Plan. <br />V. <br />Permittee and Successor hereby agree, for their own benefit and for the benefit of the State, such agreements to be <br />effective i Aso Facto upon the approval by the State of the transfer of the Penni[ from Permittee to Successor, as <br />follows: <br />1. Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully aware <br />of the conditions thereof. Successor understands and accepts all of the conditions of the Permit. <br />2. Successor will complete the reclamation plan, and hereby assumes liabilityforcompletingsuchplanasto <br />all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perform all of the <br />obligations of the Permittee under the Permit which have not heretofore been performed by Permittee. <br />3. Successor hereby tenders to the State its attached Performance and Financial Warranties*, which are to be <br />substituted for the Performance and Financial Warranties heretofore filed by the Permittee, effective upon the <br />release of the latter Warranties. <br />4. Successor represents to the State that, to the best of its knowledge, information and belief, it is not in <br />violation of any ofthe provisions ofthe Colorado Mined Land reclamation Act with respect to any otheroperation <br />conducted by it in the State of Colorado. <br />Permittee and Successor hereby request the State to consent to tho assignment of[he Permit, to recognize Successor <br />as Successor Operator under the Permit, and to accept the tendered substitute Performance and Financial <br />Warranties in place of the Wartan[ies presently on file with the Stale. <br />