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PAGE 03 <br />W T COHAN & A550C~ .,--- <br />97024590~ ~ -"""""~~ <br />12/03/1997 12:15 nseu,,,,,,,, 1°"`~te~-°~" <br />1$r 03:'97 V9: Sy $'970 <br />' Executedthis~,dayof January , 1897 . <br />ATTEST: <br />ASSIGIVGRII~E HIKING COMpAN': <br />BY <br />g orot a e w <br />ASSUMPTION AGREEMENT <br />The undcrsigned, Telluride Hiving Compaey, Ina. ,as Assignee <br />designated in the foregoing Assigiment, hereby assumes the duties of performance of ail of the <br />obligations required of the Lessee in the Mining Lease specified in said Assignment, including <br />but net limited In . It reclmnatian rcquiaarients, and further agrees io b° hound by all 0(thc :cans <br />and avtditi<nts thcrcot'to the some extent as i!'the undcrsigned had been an original signatory <br />party to said 1~fining Lease. <br />Executed this ~~ day of January , 1997 <br />ATTEST: <br />INC. <br />~~,C,4 TITLE President <br />APPROVAL OF CONTRACTING OFFICER <br />Ptmuaat to Paragraph XX of the Mining Leave more particularly identi.°ied in the <br />foregoing Assignment, approval of tits United States Department of energy is hereby given :o <br />Baia Assignntcnt. <br />Dated this ~_ day of ~ r y, , 19~ <br />UNITED STATES DEPARTMENT OF ENERGI' <br />BY ~_-~~ b~ - <br />Contracti g Officer <br />