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• <br />~_ <br />[V. RECiT.4LS <br />C~ <br />1. On /' tom- {_ Permit Number ~al- was granted to <br />CQ M~S ( ~ n(?1 , ~' (existing operator) ("Permittee"), pursuant to <br />which Pennittee has been conducting a mining operation in the County of ~Q /Y15 ,State <br />of Colorado. <br />2. Permittee wishes to assign the permit to ~(~ ~ '_ Tn(tt tA~f'f~5 -~l/C.~_, _1..~ ~L <br />(new operator), as Successor Operator ("Surccesso>") ub ssor wishes to become Successor Permittee <br />under the permit. <br />3. Successor understands that the reclamation plan (Ute "Plan") required by the permit and by <br />applicable State laws and regulations has not been completed and is willing to assume full responsibility <br />for the completion of the Plan. <br />V. AGREEMENTS <br />Permittee and Successor hereby agree, for their own benefit and for the benefit of the State, such <br />agreements to be effective ~,q facto upon the approval by the State of the transfer of the Permit from <br />Petmittee to Successor, as follows: <br />1. Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully <br />aware of the conditions thereof Successor understands and accepts all of the condittoos of the Permit. <br />2. Successor will complete the reclamation plan, and hereby assumes liabilin~ for completing such <br />plan as to all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the Permittee under the Penatit which have not heretofore been performed by <br />Permittee. <br />3. Successor hereby tenders to the State its attached Performance and Financial Waranties', which <br />aze to be substituted for the Performance and Financial Waranties heretofore filed by the Permittee, <br />effective upon the release of the latter Warranties. <br />4. Successor represents to the State that, to the best of its imowledge, information and belief, it is not <br />in violation of any of the provisions of the Colorado Mined Land reclamation Act with respect to any other <br />operation conducted by it in the State of Colorado. <br />Permittee and Successor hereby request the State to consent to the assignment of the Pernit, to recognize <br />Successor as Successor Operator under the Permit, and to accept the tendered substitute Performance and <br />Financial Waranties in place of the Warranties presently on file with the State. <br />