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<br />-a- <br />CV. RECITALS <br /> <br />1. On ~~i nuar~r ~ , I q q~( Permit Number Mme-- (~l~ was granted to <br />CA~~S_('~rncPD ~ SYIG. (existing operator) ("Permittee'"), pursuant to <br />which Parmittee has beet[ conducting a mining operation in the County of ~~PJ/~ ,State <br />of Colorado. <br />2. Permittee wishes to assign the pert»it to ~ Tn/~11 A~Y'I~5 -~A~C.~_ 1Y 1L- . <br />(new operator), as Successor Operator ("Successor) u ssor wtshes to become Successor Permittee <br />under the permit. <br />3. 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 />V. AGREEMENTS <br />Permittee and Successor hereby agree, for then own benefit and for the benefi[ of the State, such <br />agreements to be effective ~ 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 and is fully <br />awaze of the conditions thereof. Successor understands and accepts all of the conditions of the Permit. <br />2. Successor will complete the reclamation plan, and hereby assumes liability for completing such <br />plan as to all areas heretofore diswrbed, as well as to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the Permittee tinder the Pemvt which have not heretofore been performed by <br />Permittee. <br />3. Successor hereby tenders to the State its attached Performance and Financial Warranties', which <br />are to be substituted for the Performance and Financial Warranties heretofore filed by the Permittee, <br />effective upon the release of the latter Warranties. <br />q. Successor represents to the State that, to the best of its lmowledge, 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 Permit, to recognize <br />Successor as Successor Operator under the Pertmt, and [o accept the tendered substitute Performance and <br />Financial Warranties in place of the Warranties presently on file with the State. <br />