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-4- <br />N. RECECAM <br />1. on i `t 2 Permit Number /4 - 9;2 -0 -7'S was granted to <br />Tc,.M?S UaH /??- (Mstmg operator) ("PermittW), pursuant to which Permittee has been <br />eluding a mitring operation in the Canty of C k A 4,F-e Q- State of Colorado. <br />2. Permom wishes to assign the permit to GO l k MOLxA ' ( iL, e, W p.7 a S. ?v?C (new operator), as <br />Su w Operator and Successor wishes to become Saocessar Pamittee under the permit <br />3. Succiessor tnrdastands that the reclamation plan (the "Plan') required by the permit and by applicable State laws and <br />regulations has not been completed and is willing to assume fdH r bility for the campietiou of the Plan. <br />V. AGRA UM <br />Pernittee and Successor hereby agree, far their own benefit and for the benefit of the State; sueh amts to be effective i= fhaD <br />upon the approval by the State of the transfer of the Permit from Pamittee to Svooessar, as follows: <br />1. Successor has impeded the mining and reclamation operations to its entire satisfaction and is fully aware of the editions <br />thereof Swoessor understiinds and accepts all of the conditions of The Permit <br />2. Successor will complete the reclamation plan, and hereby assumes liability for completog such plan as ball areas Heretofore <br />disturbed, as well as to all areas hemalber dishntbed Suooeasor will perform all of the obligations of the Permifte under the Permit <br />which have not heretofore been performed by Permittee. <br />3. Successor hereby tenders to the State its attached Performance and Financial Wamanhes*, which aretobe substiuad for the <br />Performance and Financial Warranties heretofore filed by the Permittee, effective upon the release of the latter Warranties. <br />4. Sticomior represents to the State that to the best ofits liowledge, information and bell it is not in violation of any of the <br />provisions ofthe Colorado Kneed Land reclamation Aetwith respect to any od x r operation conducted by it in the State of Colorado. <br />Permitt e, and Successor hereby request the State to cwt to the assignmeat of the Permit, to recognize successor at Successor <br />Operator under the Permit, and to accept the tendered sulrAitutc Perfean a and Financial Warranties in place of the Warranties <br />prey on Me with the State.