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~r'12r/ivy; 1~:~_t• •l RECITALS .4. IV On SVi=-_'•.. -`illy 11 ji IEF:,L `_. ._ bGl_ILI_n~y • • t0 / / /// L, ("Permitt e'), pursuan Permi t Number IV~_ ,f" ~/~ was granted ~ Ltd ch Permittee s peen t r..bC GO (existing operator) ucting a mining operation to the County of /Y~~~„ / State cf Colorado. ~1 2. Permittee wishes to assign the permit t0 ~/l,~(,//Yil~y ~n,LS/~i„ Z.~/C, (new operator), as Successor Operator ("Successcr") and Successor w es tb become Successor Permittee under the permit. 3. Successor understands that the reclamation plan (the "Plan") required by the permit and 6y applicable State laws and regulations has not been completed and 1s willing to assume full responsibility for the Completion of the Plan. V. AGREEMENTS Permittee and Successor hereby agree, for their own benefit and for the benefit of the State, such agreements to be effective 1p50 facto upon the approval by the State of the transfer of the Permit from Permittee to Successor, as follows: 1. Successor has inspected the mining and reclamation operations to fts entire satisfaction and is fully aware of the conditions thereof. Successor understands and accepts aii of the conditions of the Permit. 2. Successor will complete the reclamation plan, and hereby assumes liability for completing such plan as to all areas heretofore disturbed, as well ds to all areas hereafter disturbed. Successor will perform all of the obligations of the Permittee under the Permit which have not heretofore been performed by Permittee. , 3. Successor hereby tenders to the State its attached Performance and Financial Warranties', which are to 6e substituted for the Performance and Financial Warranties heretofore flied by the Per~fttee, effective upon the release of the latter Warrantees. 4. Successor represents to the State that, to the best of its knowledge, information and belief, tt is not 1n violation of any of the provisions of the Colorado Mined Land reclamation Act with respect to any other operation conducted by 1t 1n the State of Colorado.