Laserfiche WebLink
-4- <br />IV: RECITALS <br />1. On M_3y 17 goon PermitNumber M 1979205 was granted,to <br />IlnitPd Cmm~anies (existing operator)("Permittee"),pursuantto <br />which Permittee has been conducting a mining operation in the County of ra rf; a 1 ri .State <br />of Colorado, <br />2. Permittee wishes to assign the permit to Ol dcastl''e SW Group. Inc. <br />(new operator), as Successor Operator ("Successor") and Successor 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 1RS4 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 />aware of the conditions thereof. Successor understands and accepts all of the conditions of the Pemvt. <br />2. .Successor will complete the reclamation plan, and hereby assumes liability for completing such <br />plan as to all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the Permittee under the Permit which have not heretofore been performed by <br />Permittee. <br />3. Successor hereby tenders to the State its attached Performance and Financial WamarrtiesY, 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 tothe State that, to the best of its knowledge, 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 Pecxnit, to recognize <br />Successor as Successor Operator 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 />