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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resourcos <br />1313 Sherman tit., Room 215 <br />Denver, Colorado 60203 <br />Phone: (303) 866.3567 <br />FA%: (3031832-8106 <br />RECEIVED <br />F E ~ 2 4 2006 <br />COLORADO <br />DIVISION O F <br />MIN ~RALS <br />GEOLOGY <br />s~rEtr•su <br />I. <br />RECITALS <br />A. On NvU~19Cr' j 7 ~~Q ~ ,the Mined Land Reclamation Board of the <br />address <br />Bill Owens <br />Governor <br />Greg E. Wakher <br />Executive Directw <br />Ronan W. Cafsany <br />Division Director <br />Natural Rewurce Trustee <br />("Permittee'~ Permit <br />number C'- 5~6 - V ~1/ (the "Permit'? pursuant to which Petmittee has been conducting a mining <br />and reclamation operation known as _ Ln:-.> rq . i'~e ~~ c / lr;>~ ~ n n ~L_ in the County <br />of le.r F~,.n~s• ,State of Colorado. <br />B. Permittee wishes to assign the permit to <br />No.i.~ ~ k ~r~~„ ,,, ,~ L L ~ .address <br />%020.:/ /7~i,;,n 5fr~rt. Good /asn.rl t I<c G7~~~ ,as Successor <br />Operator ("Successor') and Successor wishes to become Successor Permittee under the permit. <br />C. Successor understands that the reclamation plan (the "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 />II. <br />AGREEMENTS <br />Permittee and Successor hereby agree, for their own benefit and for the benefit of the State, such <br />agreements to be effective ipso facto upon the approval by the State of the transfer of the Permit from <br />Permittee to Successor, as follows: <br />1. Successor has inspected the mining and reclamation operations to its entire satisfaction <br />and is fully aware of the condition thereof. Successor understands and accepts all of the conditions of the <br />Permit. <br />2. Successor will complete the reclamation plan, and hereby assumes liability for <br />completing such plan as to all areas heretofore disturbed, as well as to all areas hereafter disturbed. <br />Successor will perform all of the obligations of the Permittee under the Permit which have not heretofore <br />been performed by Permittee. <br />p8ice ~ O(fice of Colorado <br />Mused Land Reclamation Active and Inagive Mures Geological Survey <br />Colorado Department of Nature] Resources (the "State") granted to <br />