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<br />STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St, Room 215 RECEIVED <br />Denver, Colorado 80203 JAN 2 2 C O L O R A D O <br />Mow., (303) 86&3567 ZOOS D IV Is I o 14 OF <br /> <br />FAX; (303) 832-8106 R <br />ECLAMATION <br /> Division of Re-.:? .)ation, MINING <br /> Mining and Safety -&- <br />SAF <br /> ETY <br />Bill Owens <br />REQUEST FOR TRANSFER OF COAL PERMIT AND SUCCESSION OF OPERATMR <br /> Russell George <br /> I Executive Director <br />RECITALS <br />Ronald W. C ttany <br />Division Dirercector <br />Natural Resou Trustee <br />A. On June 22 , 2004 , the Mined Land Reclamation Board of the Colorado <br />Department of Natural Resources (the "State") granted to <br />Basin Resources, Inb. <br />address <br />2 North Cascade, 2nd Floor, Colorado Sp s, CO 80903 ("Permittee") permit <br />number C-1981-013 the "Permit" <br />( ) pursuant to which Permittee has been conducting a mining and <br />reclamation operation known as Golden Eagle Mine in the County of <br />r,a G A n i ma s , State of Colorado. <br />B. Permittee wishes to assign the permit to <br />e ?i/? . ?ao? w r? L , address <br />/? d /YI a ?n T la,A - /r _7 Z --r4-- , as Successor <br />Operator ("Successor") and Successor wishes to become Successor Permittee under the permit. <br />C. 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 <br />completion of the Plan. <br />AGREEMENTS <br />Perm ittee and Successor hereby agree, for 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 />Permittee to Successor, as follows: <br />I . Successor has inspected the mining and reclamation operations to its entire satisfaction and is <br />fully aware of the condition thereof. Successor understands and accepts all of the conditions of the Permit. <br />2. Successor will complete the reclamation plan, and hereby assumes liability for completing <br />such plan as to all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perform <br />all of the obligations of the Permittee under the Permit which have not heretofore been performed by <br />Permittee. <br />Office of - - Office of <br />Land Reclamation Active and Inactive Mines