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-4- <br />lv. RECITALS <br />1. On 5 October 1981 Permit Number M1978-287 wasgraMedto <br />VALCO. Gunnison Concrete Division (e~tiatingopeta0or)("Permittee'~,p~ttowhich <br />Pe[mittee bas been aondacmig a mining operetion in the Comriy of Gunnison State of Colorado. <br />2. Petmittawiabestoeasigathepemtitto Varra Companies, lnc. (new <br />operator), es Successor Opeeator ("Saccesso~') and Successor wishes to beoomc Sueceawr Permittee under tlx <br />permit <br />3. Sucxeavor underamnda that the reclamation plan (the "Plan") required by the permit affi by applicable <br />Smte laws sod regulations has notbeen completed and is wrVing to asaime ftdl responsibility Coribe compb:tiem of <br />the Plan. <br />V. AGREEMIIg7S <br />Pamitta a~ Suoassoc hereby agree, for theirownbenefit and for the bene5t ofthe State, such agreements to be <br />effective ipso cto upam t)m approval by the State of the trsoafer of the Permit fist Perrmttee to Saor, as <br />follows: <br />t. SnooessotbasimpocGadthenflaitgaodroclsamtionopera4ouvtoitsentmesetivfnctionsadis6illyeware <br />of the conditions tbereo£ Suter aoderstands and staple all of the conditions of the Permit <br />2. SuocesaorwillcompleoetharociamationPlan,sodherebyasstttneaGabitityforcomph;trogsuchplmasto <br />all areas heretofore dishubed, as well as to all areas hereafter disturbed. Successor will perform all of the <br />obligations of the Pemtit0oe under the Perffit which have not heretofore been performed by Pe[mithe. <br />3. Sr~aaeorherebyte~eratotbeSmteitsatmebedPerformanceandFinaoraalWarranties~,wbidraretobe <br />sobetibrted for die Perfomrance and Fi~nc~l Warranties beretofmo filed by the Permitcee, effective upon the <br />release of the latter Warrmties. <br />4. Successor represenm >b the State that, m the best of its Imowkdge, information and beliat; it is mt in <br />violation ofa~oftbe proviaiema oftheCobmdolHined Lead recLmmtionAct with respect toanyotheroperation <br />coaduceed by it in the State of Cohuado. <br />Permittee and Suocea9orberebyrequestthe State to consentto the aseig®remofthePerrmt, tarecogmn Successor <br />as Successwr Operamr ands the Pemdt, and to aceept tine tendered subatimte Performance and Financial <br />Warramies in place of the Wammies presently oa file wi& the State. <br />Thisjorra has bola approxd hl thaMhead land ietclawdlaa Boa-d porsamrr ro aectfona 31-32-119, CRS., ojrlre <br />A[9sedLaud 19orlmaagoa Ad sad 3I-325-I19, GRS, ofthoColarado LandR[clawatbn Adfor fluE~cfioa of <br />Cowalraa~bwMaterlala AayakaartleaorasorYJicdloeofMlrforaraAra/lreaakhrasldb;arypwarkiurredoarhs <br />ahered or modlJkd fa-nr awdarrbjeadteoperororro teaaeaadleaiat oriddaasosddrBparaNfajoropanAiwBtskiaat a <br />pmak pamaant to sactlsrrs 3F32-123, C.B.S, ofdre A~fnad load ReclaaaHos Ad sad 34:925-123, CRS, of Mw <br />Colorado LaadReclamdisur Aa far flYeFaararllaa of Coauradloa bfareda9a <br />