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Ener y <br /> RECEIVED QB Energy Operating, LLC <br /> 143 Diamond Ave <br /> OCT 11 2024 Parachute, CO 81635 <br /> Colorado Division of Reclamation, Mobile 970.852.9819 <br /> Mining and Safety ESevmour@QB-Energy.com <br /> October 1,2024 <br /> Colorado Division of Reclamation, Mining,and Safety <br /> Attn: Amy Yeldell <br /> 1313 Sherman Street, Room 215 <br /> Denver,Colorado 80203 <br /> Re: Request for Transfer of Mineral Permit and Succession of Operators Application <br /> Colony Oil Shale Project, Permit No. M1980-047 <br /> Dear Ms.Yeldell, <br /> In accordance with the Land Reclamation Act [C.R.S. §34-32-101] [Hard Rock Act]and associated Rules [2 C.C.R. <br /> 407-01],Caerus Cross Timbers LLC,as the Permittee,and QB Energy Operating LLC,as the Prospective Successor, <br /> hereby submit the enclosed permit for your review and consideration. <br /> The submission includes the following documents: <br /> • One original,fully executed Application Form <br /> • A check for$115.00, representing the Application Fee <br /> • One original,fully executed Performance Warranty Form <br /> • A copy of the Financial Warranty Corporate Surety in the amount of$9,500,000.00(Bond Number <br /> 612423744) <br /> • A copy of the Surface Fee Deed recorded in the Garfield County Courthouse at Reception Number 999126, <br /> as evidence of Legal Right to Enter <br /> • One original,fully executed Structure Agreement <br /> If you have any questions or require further information,please feel free to contact me at(970)852-9819 or via <br /> email at eseymour@qb-energy.com. <br /> Respectfully, <br /> Ed Seymour <br /> QB Energy Operating LLC <br />