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<br />-~- <br />- ~, <br />N. RECITALS +, <br />S'~~~m /xn oZ ,Qov~ <br />1. -9n~~-cr-r-nr-~-~ /q9~ Permit Number `1~- Z was granted to <br />~~ ~ Pcs ~~l~!'~C~ l ThG ~ (existing operator) ("Permittee"), pursuant [o <br />which Pernrittee haz been conducting a mining operation m the County of ~~~/~UYI ,State <br />of Colorado. <br />2. Permittee wishes to azsign the permit to [r/Y,r'><" ~f1/1~ 1.~~Fi'1~5 -~~~ i ~L <br />(new operator), az Successor Operator ("Successor") u ssor wishes 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 their own benefit and for the benefit of the State, such <br />agreements to be effective ~ faao 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 />aware 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 az to all areas heretofore distubed, as well az to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the Permittee render the Permit 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 />4. 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 />Pemuttee and Successor hereby request the State to consent to the assignment of the Permit, to recognize <br />Successor az Successor Qperazor under the Permit, and to accept the tendered substitute Performance and <br />Financial Warranties in place of the Warranties presently on file with the State. <br />:.- <br />