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EXHIBIT B <br /> PERMITTED TITLE EXCEPTIONS <br /> 1. Ad valorem taxes for the year 2012 and subsequent years, which are not yet due and <br /> payable. <br /> 2. Any matters not of record as would be disclosed by an accurate survey and inspection of <br /> the subject property, including, if any be so disclosed, easements, claims of easements, <br /> boundary line disputes, overlaps, encroachments, public roads, highways, pipelines, <br /> transmission lines, cemeteries and railroads. <br /> 3. Any dispute as to the boundaries caused by a change in the location of any water body <br /> within or adjacent to the subject property, and any adverse claim to all or part of the <br /> subject property that is or was previously under water. <br /> 4. Any minerals or mineral rights leased, granted or retained by prior owners, which are <br /> disclosed in the public records. <br /> 5. Riparian rights, if any, affecting the subject property. <br /> 6. Water rights, claims or title to water,which are disclosed by the public records. <br /> 7. Intentionally Omitted. <br /> 8. Intentionally Omitted. <br /> 9. Any rights, interest, or easements in favor of the United States,the State of Colorado or <br /> the public,which exist or are claimed to exist in and over the present and past bed,banks, <br /> or waters of Boulder Creek, St. Vrain Creek and Idaho Creek. <br /> 10. The right of the proprietor of a vein or lode to extract or remove his ore, should the same <br /> be found to penetrate or intersect the premises thereby granted and rights-of-way for <br /> ditches and canals as reserved in United States in the Patent recorded June 3, 1884 in <br /> Book 34 at Page 190, and any and all assignments thereof or interests therein. Affects <br /> Parcels Six and Eight <br /> 11. Right of way to the County of Weld for public roads along the South side of the <br /> Northwest 1/4 and along the North side of the Northwest 1/4 of the Southwest 1/4 of <br /> Section 16,as set forth in the instrument recorded January 7, 1887 in Book 63 at Page <br /> 532. Affects Parcel Four. <br /> 12. Resolution by the County of Weld to establish County Roads 30 feet on each side of all <br /> Section and Township lines, recorded October 14, 1889 in Book 86 at Page 273. <br /> DMWEST#8607304 v2 B-1 Exhibit B to Special Warranty Deed <br /> Cottonwood Aggregates/Del Camino/Duckworth <br />