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-4- <br />~ ~aslo~ <br />lv. >ZCrrwts ~~ <br />-- ~ mc~ z< <~~a <br />1. On - Permit Number - ~ ~ ~ was granted to ~Q,~,~. ~/ <br />L (existing operator) ("Permittee"), Pursuant to which Permittee has been <br />conducting a mining on in the County of _" ~k>~.~ - . ,, r Stau of Colorado. <br />2. Permittee wishes to assign the permit to ~~ ~ N~ 1~ator , as~V~ <br />Succe~ar Operator ("Successor") and Successor wishes to become Successor Peraunee and p <br />3. Successor understands that the reclamation plan (the `Plao) required 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 Plen. <br />V <br />Permittee and Successor hereby agree, for their own benefit and forthe benefit of the State, such agreements to be effective jps~C ~arq <br />upon the approval by the Stau of the transfer of the Permit from Permittee to Successor, es follows: <br />I . Successor has inspected the mitring and reclamation operations to its entire satisfaction and is fully aware of the conditions <br />thereof Successor understands and accepts all of the conditions of the Permit <br />2. Sttccessorwill compleu the reclamation plan, and hereby assumes liabihty for crxnpleimg ~ plan es to ell areas heretofore <br />dishybed, es well as to all areas hereafter disnnbad Strocessor will perform all of the obligations of the Permitree under the Permit <br />which have not heretofore been performed by Pertnittee. <br />3. Sttc~sor hereby tenders to the State its attached Performance and Financial Warranties'r, which areto be snbslittuedfor the <br />Performance and Fi»arrcia! Wmranties heretofore filed by the Permittee, effective ttpan the release of the latter Warranties. <br />4. Suc represents to the Stan that, to the best ofits larowledge, information and behe~ ii is not in violation of e~of the <br />provisions of the Colorado Mined Land reclamation Ad with respectto any other operation conducted by it in the State of Colorado. <br />Peanittee and Stccessor hereby request the State to consent to the assig®ent of the Permit, to recognize Successor as Successor <br />Operator coder the Permit, and to accept the tendered substituu Performance and Financial Warranties in place of the Warranties <br />presently on file with the State. <br />