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-4- <br />N. RPG1T,ii_3 <br />1, Oa October 5th 1995 peamrtNumbaM-1994-114 was granted t0 <br />Arthur L. Nordyke (eaosting operator) ("Petmimeery, pursomt to which Permittee has bees <br />carting a mining opereticn is Ux Canty of Custer State of Colorado. <br />2. Permittaewishstoasmgntbepermitto Kagan & Son, LLC (~. ~~) ay <br />Srazesaor~ Operaor ('Successor") and St>c~sor wivhes to became Suamar Permitice under the permit <br />3. Srtrxeaaor understands tltaz the roclemetiao plm (the 'Plan') rcgtrircd by the permit and by applicable State laws and <br />regulatiaro has not bow completed and is willing to assrmoe hill responsibility for the oompldi®of the Plan. <br />V. <br />Permitte:e and Stmoeswhereby agree, far theirowm benefit and f~ the benefit ofthe State, strh sgteemeats w be efleaiHe~~ <br />upon the approval by the State of the transfer of the Permit from Permittee to Sooceasot. as follows: <br />I. Suaxvsorlxginspxtedthemioiogandra~J~ationoperaticostoitatatiresatisfacti~aodisfntlyawareofthewnditicros <br />thereof Succosor uodvstmds and aoxpb all of the conditions of the Perarit. <br />2 Snccuasorwillcampletethereclstne6onplan,®dherebyasst>mealiebilityforcaojtktiogaurhplmasmallazeasheretofine <br />disturbed, n well as to all areas hereafter dtsturbod s»ocessor will padotm eu of the obligariovs ofthc Pumittee tinder the Permit <br />which have mr heretofore barn performed by Permittee. <br />3. Stroeeaorherebytrada~atotheSteteitstlfarLedPerformamaaadFinancialWarramies'.whirharembesubsflAmadfirthe <br />~~ Paformaoce end Finattcial Wemmfiea heretotae filed by the PermitOeS cfl'ectrve upon the rdeax of the latter Warranties <br />4. SlrooessorrepresmlaWtheSte[ethat,tothebatcditslmowbdge,iafarmstimandbetiet;itisrotiavioLrtionofanyofthe <br />prrrvisionsdthe ColoradoMned Land ttclemelion Adwith respetx to any other opaatiatby it in the State of Colorado. <br />Permittx and Successor hereby request the State to eonsrat to the assigomwt of the Permit, to recageize Sacc~or es Strcastor <br />Operator tmda the Permit, end to accept the tendered sabsbtate Perftammice end Financial Warrmuies in phrce of the Warranties <br />presently ao file wah the State. <br />