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03/10/97 MON 15:06 FAX. 303 6229 450 DORSEY g WHITNEY IA007 • -4- IV. RECITALS 1 . On Permit Number was granted to (existing operator) ("Permittee") , pursuant to which Permittee has been conducting a mining operation in the County of , State of Colorado. '1 Hr- -FZe to=TC£S RASi3EE,1, IT1£,2G£ H S ro '1' Svcc ss co2, W N ST 2. fishes to assign t o (new operator) , as Succ or ("Successor") and Successor wishes to become Succes5_o mittee under the pe " -rW e, �R fix7mE Nc> 3. S� QSR,�s 7N8 uRuzurti76 £rumor , uccessor understands that the reclamation plan (the 'Plan") required by the permit and by applicable State laws and regulations has not been completed and is willing to assume full responsibility for the completion of the Plan. V. AGREEMENTS /VOr A PPtzmuc C.o Y&U rS /)7 �2rs E� rmittee and Successor hereby agree, for their Mn benefit an for t e ben it of the State, such agreements to be effective ipso facto upo e appro by the State of the transfer of the Permit from Permitte o Successo , as follows: 1 . Successo has inspected the mining and reclamation Orations to its entire satisfact and is fully aware of the conditio thereof. Successor understands and acc is all of the conditions of th ermit. 2_ Successor will com to the reclamation an, and hereby assumes liability for completing su plan as to areas heretofore disturbed, as well as to all areas hereafte isturb Successor will perform all of the obligations of the Permittee un Permit which have not heretofore been performed by Permittee. 3. Successor hereby to rs to the Sta its attached Performance and Financial Warranties', ich are to be subs t uted for the Performance and Financial Warrantie eretofore filed by the Pe ittee, effective upon the release of the 1 er Warranties_ t/-,qLRcgpy N£,� a. Suc sor represents to the State that, to the bes of its knowledge, infor on and belief, it is not in violation of any of th rovisions of the Col ado Mined Land reclamation Act with respect to any other eration nducted by it in the State of Colorado. zero 500,�&S cle, GD:rry T4E Svu soe T3�z,v� ThfE ` CWVZV;rA1G CZ(ZPoRA rz'O,-2.