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r~E5-29-08 07:55 FR61/i~TRANSIT I~IX CONCR~T(d CO t10 4T5-0226 T-T24 ?.011/019 F°503 <br />-a- <br />I~', itECiTALS <br />I . On _ June 2 5 1 9 9 9 _ Petxnir tinmhcr ~~ - I.Q~_._.. was }~~aival :o <br />Continental Materials COrp• _(cxisrirtgopctatorl{"Pems;trn:"),p~u~suastto~vF;ich <br />Porttuttee has beta coadt:ctirtg a mining opcratton in the County of Fremont _, Smote ~rf Colorado. <br />2. Pertr~itree wishes to assign the pcttuirtoTezBk Heavy Fqui~pn ~ ,t~;;;~Cl~._.(~uW' <br />operator), as ~6uccessor pperator ("Successor") and 5uccessoz wishes to become Su.ccr~;sc~r Prr~nitter uni~:r tier. <br />pcrmst. <br />3. Successor understands that the cechunation plot (the "Plan") required by the permit and ry applicable <br />State laws and, tegutations has twt been cotttpk~d and is willing to assttmc titll resp~ms~lity foe the coatpietian of <br />the Plan. <br />V. 4GY2EE~'I_~JT~S <br />Petminec and Successor hereby agttie, for their own benefit and for the benefit of the State, s~tth agtxmenct to be <br />effective inSO ~:cto upon the approval by rtie Stale of ttu: transfer of the Perttrit fxorn Pcrr~itte~: to Srcces:;or, a~ <br />follows: <br />1. Sucr~ssor bas inspected rho mlaing and reclamation op~radons to its entire sat:sfacrior, and is fttlly a`varc <br />of the cauditietts tltctcot: Successor understands and accepts ali of the eonditiotu of the l'ernvi~ <br />2. Successor will complete the reclamation plan, and hereby assumes liability for corrK~lrtiag such plan a:, to <br />all arcai haretofore disturbed, as well as to all areas heteaHcr disturbed. Successor ~i311 F~crfocrn all o the <br />obligations of t'tc Porntixtce under the Permit which Itav~ not heretofore bcctt perf.'artned by Pt:~tni~:tee_ <br />3. Successor hereby tenders to the State its attached Perfotrttattce and Firfan,cirl PI ux3~1rics"`, u+t ich aue ,e be <br />substituted far. tha Perfiormaacc gad Financial Warranties heretofore tiled by the Pctntittee, rffecti°n upon the <br />release of the latter Warranties. <br />d. Successor represents to the State that, to the list oC its knowledge, information and belief, it is no't in <br />violation of any of tiro provisions ofthc Colorado :Mined land tclamation Act with respect to any other ops-3tior~ <br />conducted by it in the State of Colorado. <br />Permiuea taxi Success~~r herelr,~ request the Stara to consecu to tha assignment of tht•. ?ctr,it, to rr~t:ognt^t: S~a<xKso <br />as Successor Operator under the Permit, and ro accept the tendertd substitute Parfonnattce at~d Fittatx:ial <br />Warranties in place of the Warranties presently on Erie with dtc State_ <br />