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a. <br />IV. RECH ALS <br />1 . On- _/ Pernvt Number f ?77 32_L_ Na as granted to <br />-A.- iklSQlh- ? e2???? ?_ (existing operator) ("Pennittee.") pursuant to which <br />Perrnitice has been conducting a mining operation in the County of Pu e. b 10 State. of Colorado. <br />2. Perntittee wishes to assign the permit to LrCgra.I_..ShaIe, -_,g?_i?k __ [-.?'lG . ---._ ._------(new <br />operator), as Successor Operator ("Successor") and Successor wishes to become Successor Pennittee under the <br />Ixannit. <br />;. Successor understands that the reclamation plan (the "Plan") 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 coitipletion of <br />the Plan. <br />V. ACREENIEVTS <br />11errnitter and Successor hereby agree. for their own benefit and for the benefit oft he State, such agreements to be <br />effective g»q fact_o upon the approval by the State of the transfer of the Permit from Pennittee to Successor, as <br />fbllo\? s: <br />t . Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully aware <br />of the conditions thereof. SUCecSSOr understands and accepts all of the conditions of the Permit. <br />2. Successor will complete the reclamation plan, and hereby assurnes liability for completing such plan as to <br />all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perfornt all of the <br />obligations of the Pcrmittee under the Permit which have not heretofore been performed by Pennittee. <br />3, Succcssor hereby lenders to the State its attached PerfOMlallCe and Financial Warranties*, which are to be <br />substituted for the Performance and Financial Warranties heretofore tiled by the. Penmince, effective upon the <br />release of the lat.1cr Warranties. <br />{- Successor represents to the. State that, to the best of its knowledge, intmmnation and belief, it is not in <br />iolation of any oftlle provisions ofthe Colorado Mined Land reclamation Act vvit}t respect to any other operation <br />conducted by it in the State ol'Colorado. <br />Prrulu tee and SnCi essor hereby request the State to consent to the assil-rnncnt of thr Permit, to recoQr izc Successor <br />J,, Successor OpMttor under tht Permit, and to accept the tendered substitute Performance and Financial <br />Warrailtics in place of the W;irrantics presently on file with the State.