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STATE OF COLORADO <br />DIVISION OF RECt.AMATION, MINING AND SAFETY <br />E3epartment of Natural Resources <br />1313 Sherman St., Room 215 <br />t7enver, Colorado 80203 <br />Phone: x'303? 866-35b? <br />FAX: (3031832-8106 <br />C©LORADO <br />c~rvrsio~r aF <br />RECLAMATION <br />MINING <br />- S~- <br />SAFETY <br />Bill Owens <br />~ ~` f~OR "f`RA:~SFER ()F C:O~L PERMIT .AND SUCC:F;SSIOiy' OF t)PE;RA~R~ <br />Russel! George <br />~~~ ~ ~ 2007 f. Executive Director <br />-• r Ronatd w. Catfany <br />~,~;;;,,,,, ~, i-reclamation, RECITALS Division Director <br />Mining and Safety Natural Resource Trustee <br />A.. On - November 5 , _2 0 0 7 ,the Iv9 fined Land Reclamation Board of the Colorado <br />Department ofNatural Resources (the "State"} granted to <br />National. King Coal, LLC , address <br />11783 Hi_g_hw~ 337, Tijeras, NM 87059,_ ~ - ~ (°`Permittee")permit <br />number C-1981- 03 5 _(the "Permit") pursuant to which Permittee has been conducting: a mining and <br />reclamation operation known as ~ King I &_Kin~I I Mines _~ in the County of <br />La Plata .State of Colorado. <br />B. Permittee wishes to assign the permit to <br />GCC Energy, LLC <br />address <br />11783 Highway 337, Ti~eras, NM 87059 ___, as Successor <br />Operator ("Successor") and Successor wishes to became Successor Pemnittee under the permit. <br />C. Successor understands that the reclamation plan {the ``f'lan"} required by the permit and by applicable; <br />State laws and regulations has not been completed and is willing to assume full responsibility for the <br />cornpletian of~the Plan. <br />:~tREvf M t1N'f'S <br />Perrni.ttee and Successor hereby agree, f`or their own benefit and for the benefit of`the State, such <br />agreements to be effective ipso facto upon the approval by the State of the. transfer of the Permit from <br />Peyrrmittee ttl Successor, as tc)Ilows; <br />1. Successor has inspected tllr mining and reclamation operations to its entire satisfaction and is <br />fully aware of the condition thereof: Successor Enderstands and accepts allot the co~lditions of the Permit. <br />2. 5uc:cessor will complete the recfam.ation plan, and hereby assumes liabilitt- for conlplrting <br />such plan as to all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perfatm <br />all of the obligations of the Permitter under the Permit which have not heretofore been pert>rmed by <br />Pernlittee. <br />Office csf Office of <br />Mined Land Reclamation Alive and Inactivt: Mines <br />