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4. <br />IV. RECITALS <br />1. On �!'1 �C� .._._. ..__. --- -.___, _. 1 _9._5 Pernvt Nuinber M 1943 00 1_ was It to <br />(existing operator) ( "Peamittee "), pursuant to which <br />Pcrntittce has been conducting a raining operation in the County of E�_ State of Colorado. <br />2. Perniittce wishes to assign the permit to —G—v—n_e ra..... SE1a�� ,_�!1_G_____.__- _- - -(neu <br />operator), as Successor Operator ( "Successor ") and Successor wishes to become Successor'I'ermittee under the <br />perrltit. <br />3. Successor understands that the reclamation plan (the "Plan ") required by the peonit and by applicable <br />Statr taws and regulations has not been completed and is willing to assume fill] responsibility for the completion of <br />the plan. <br />V. ACREENIENTS <br />1'errrtittee and Successor hereby agree. for their own benctit and for the benefit of the State, such agreements to be <br />elTcctive ipso facto upon the approval by the State of the transfer of the Permit front Permittcc to Successor, as <br />f <br />1. Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully aware <br />of the conditions 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 cornpletine such plan as to <br />all areas heretofore disturbed, as well as to all areas hereafter disturbed. Successor will perform all of the <br />obligations of the Perri itfee under the Permit which have not heretofore been performed by Permittee. <br />. Successor hereby lenders to the Statc its attached Perfo rr»<tnce and Financial Warranties *, which are to be <br />substituted for the Performance and Financial Warranties heretofore filed by the Permittee, effective upon the <br />release of tltc latter Warranties. <br />#. SUl COSOr represents to the. State that, to the best of its knowledge, infortrtation art(] belief.. it is not in <br />violation ofany of the provision of tile Colorado'`✓lined Land reclamation Act vvith respect to any other operation <br />conducted by it in the State of Colorado. <br />I'crmiitcc and Successor hereby request the State to consent to the assigmncnt 01 Permit, to reco"nize Successor <br />as Succcs Operator under the Permit, and to accept the tendered suhstitute Performance and Financial <br />Warranties in place of the \V'arrantics presently oil file v6111 tilt: State. <br />