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-4- <br />..Gds <br />N. RECITALS <br />1. On //~~ r o?P~-2~ Permit Number~j/9~~ 04= 9 was granted to <br />C.s • G d i' l 1 ~+e . (existing operator} {"Pemuttee"), pursuant to <br />which Pennittee has been conducting a mining operation in the County of ~U.,~.,r: T ,State <br />of Colorado. /~J <br />2. Permittee wtshes to assign the permit to ~(! / ~~~'~~~ ~~ <br />(new operator), as Successor Operator ("Successor") and Successor wishes to become Successor Permittce <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. <br />Permittee and Successor hereby agree, for their own benefit and for the benefit of the State, such <br />agreements to be effective ip~4 fgG14 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 />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 completing sach <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 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 />Q. Successor represents to the State that, to the best of its lmowiedge, information and belief, it is rot <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 />Pemrittee and Successor hereby request the State to consent to the assignment of the Permit, to recognize <br />Successor as Successor Operator under the Permit, and to accept the tendered substitute Perfonnartce and <br />Financial Warranties in place of the Warranties presently on file with the State. <br />