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�. <br /> °" `° 5TATE OF COLOF ADO <br /> Roy Romer, Governor <br /> DEPARTMENT OF NATURAL RESOURCES <br /> MINED LAND RECLAMATION DIVISION <br /> DAVID C. SHELTON, Director <br /> REQUEST FOR TRANSFER OF MINERAL PERMIT AND SUCCESSION OF OPERATORS <br /> I. <br /> RECITALS <br /> A. On March 25 ,1981 , the Mined Land Reclamation Board of <br /> the Colorado 6epartment of Natural Resources (the "State") granted to <br /> Federal Resources Corporation address P. 0. Box 806 <br /> Salt Take City , Utah 8 60'f 1/6 ("Permittee" ) Permit number <br /> 80-1 ?1 _ (the "Permit" ) pursuant to which Permittee has been conducting a <br /> mining and reclamation operation in the County of Ouray State of <br /> Colorado. <br /> B. Permittee wishes to assign the permit to Bachelor Silver Mines <br /> Cmmnanv, Tnc . address P. 0. Box 427 Ouray, CO 81427 <br /> as Successor Operator ("Successor" ) <br /> and Successor wishes to become uccessor ermittee under the permit. <br /> C. Successor understands that the reclamation plan (the "Plan" ) <br /> required by the permit and by applicable State laws and regulations has not <br /> been completed and is willing to assume full responsibility for the completion <br /> of the Plan. <br /> II. <br /> AGREEMENTS <br /> Permittee and Successor hereby agree, for their own benefit and for the <br /> benefit of the State, such agreements to be effective ipso facto upon the <br /> approval by the,State of the transfer of the Permit from7ermittee to <br /> Successor, as follows: <br /> 1 . Successor has inspected the mining and reclamation operations to its <br /> entire satisfaction and is fully aware of the condition thereof. Successor <br /> understands and accepts all of the conditions of the Permit. <br /> 2. Successor will complete the reclamation plan, and hereby assumes <br /> liability for completing such plan as to all areas heretofore disturbed, as <br /> 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 <br /> performed by Permittee. <br /> 423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203-2273 Tel. (303) 866-3567 <br />