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~ ~ REtJE"?BCD <br />AU~u 2 ii 20.1 <br />d • Oivisian ol: Minerals end Geology <br />N. RECITALS No~emlx,' ZgJ^i1RB~ <br />1. On~~ ~7~z~D n' Permit Number 77-s6 7_ was granted to <br />J~A6uneN6 C-eu.J~vR'oAD~!]PiAS6 K~O r (e~:isting operator) ("Pertnitt~:e"), pursuant to <br />which Permittee has been conducting a mining operation in the County of yam, State <br />of Colorado. <br />2. Permittee wishes to assign the permit to ~~b~ ~/~X~'yQ~~- -~6~L.4.v0!`~{t`/~ <br />(new operator), as Successor Operator ("Successor") and Successor wishes to become Suc~:essor Pemtittee <br />under the pemvt. <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 agrce, for their own benefit and for the benefit of the State, such <br />agreements to be effective jp~ ~4 upon the approval by the State of the transfer of tJhe Permit from <br />Permittee to Successor, as follows: <br />1. Successor has inspected the tniming 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 a~mpleting 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 Pemrittce tinder the Permit which have not heretofore been performed by <br />Permtittee. <br />3. Successor hereby tenders to tine State its attached Performance and Financial Warranties', which <br />are to be substituted for the Performance and Financial Warranties heretofore filed by the Petmittee, <br />effective upon the release of the latter Warranties. <br />4. Successor represrnts to thcState that, to the best of its Imowledge, information and belief, it is not <br />in violation of any of the provisioru of the Colorado Mined Land reclamation Act with respe+:t to any other <br />operation conducted by it in the State of Colorado. <br />Pernittee and Successor hereby request the State to consentto the assignment of the Perini, 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 51e with the State. <br />