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<br />-4- <br />N. RECITALS <br />1. ~- S_, a~ f' Pemat Number tits(/ ~ ~~ was granted to <br />(existing operator) ("Permtttee"), prtrsuardtowhichPermittee <br />has been cceducting mining operation in the County of y ~/ State of Colorado. <br />2. Permittee wishes to assign the permit ~1J~ fT~ /v (new <br />operator), as successor Operator ("Successor") and'successor wishes to become successor Permittee tinder the <br />Pmt <br />3. Successorunderstandsthatthereclamationplan(the"Plan'~requiredbythepecmiteadby applicable State <br />laws and regulations has not been completed and is willing to assume full respons'bilityfor the canpletionoftbePlan. <br />V. AGREEMENTS <br />Pemtittce and Successor hereby agree, for their awn benefit and for the benefit of the State, such agreements to be <br />effective j~facto uponthe approval by the State ofthe transfer of the Permit fiomPemtitteetoSuccessor, asfollows: <br />I. Successorhasinspectedtheminingandreclamationoperationstoitsentiresatisfactionandisfullyawareof <br />the conditions thereof. Successor understands end accepts all of the conditions of the Permit <br />2. Successorwillcompletethereclamationplan,andherebyassumesliabilityfcecompletingsuchplanastoall <br />areas heretofore disturbed; as well as to all areas hereafter disturbed. Successor will perform all ofthe obligations of <br />the Permittee under the Permit which have not heretofore been performed by Pemrittee. <br />3. Successor hereby tenders to the State its attached Performance and Financial Warranties*, which are to be <br />substituted for the Performance attdFinancisl Warranties heretoforefiledby tliePermittee, effectiveupon the release <br />of the latter Warranties. <br />4. SuccessorrepresentstotheStatethat,tothebestofitsknowledge,informatia~nandbelie~itisnotinviolalion <br />of any ofthe provisions of the Colorado Mined Landreclamation Actwithrespect to any other apemtionconductedby <br />it in the State of Colorado. <br />Permittee and Successorhereby request the State to consent to the assignment of the Permit, torecognize Successor as <br />Successor Operatorunder the Permit, and to accept the tendered substitute Performance andFinancial Warranties in <br />place of the Warranties presently on file with the State. <br />T7ris form has been approved by the Maned Land Reclamation Boardpursuant to sections 34-32-119, GRS, of the <br />Mined Land Reclamation Ad and 34-32.5-119, GRS., of the Colorado Land Rec[mnetionAd for the Extraction of <br />Construction Materials. Any alteration or modifuation ojihis form shall result in voiding any permit issued on the <br />altered ar modifredjorm and subjecttheoperator to cease and desistorders and rsvilperraNiesfor operalingwilhorrta <br />permit pursuant to sections 34-32-123, GRS., of t.'ze Mined Land Reclamation Ad and 34-32.5-123, GRS., of the <br />Colorado Land Reclamatum Adfor the Extraction of Construction Materials. <br />