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V41 <br />0 <br />STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />RECEIVED <br />Division of Reclamation. <br />-k'7 Mining & Safety <br />/FRANSFER OF APPROVED MINERAL APPLICATION AND <br />• <br />• <br />SUCCESSION OF PERMIT APPLICANT <br />I. RECITALS <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />SCANNED <br />A. On April 6 2011 , the Mined Land Reclamation Board of the Colorado Department <br />of Natural Resources (the "State") approved an application for a mining operation under C.R.S. 34-32-101 et §M. or 34- <br />32.5-101 et seg. from White Sand & Gravel LLC (the "Applicant"), Box 806 Elkhart, Ks 67950 <br />(address), and assigned Permit Application Number M2010062 <br />B. The Applicant wishes to assign the approved Application to carder Inc <br />(the "Successor'), P.O. Box 732 Lamar, Colorado 81052 (address), as Successor Applicant and the <br />Successor wishes to become Successor Permittee after all requirements of C.R.S. 34-32-101 et seq. or 34-32.5-101 et sec l. <br />are met and the permit may be issued. <br />H. AGREEMENTS <br />Applicant and Successor hereby agree, for their own benefit and for the benefit of the State, such agreements to be <br />effective immediately upon the approval by the State of the transfer of the Application from Applicant to Successor, as <br />follows: <br />1. Successor has inspected the proposed site of the mining and reclamation operations and is fully aware of the <br />condition thereof. Successor has examined the Application for the permit and is fully aware of its contents and status in the <br />permitting process. Successor thus understands and accepts the Application as it currently exists. <br />2. Successor understands the permit for this Application cannot be issued until all applicable requirements of <br />C.R.S. 34-32-101 et sew. or 34-32.5-101 et sM. are met, including submission of adequate performance and financial <br />warranties. <br />3. Successor understands that all commitments and obligations of the Applicant to the Mined Land <br />Reclamation Board related to this permit application and the approval become those of the Successor. <br />4. Successor represents to the State that, to the best of its knowledge, information and belief, it is not in <br />violation of any of the provisions of the Colorado Mined Land Reclamation Act with respect to any other operation <br />conducted by it in the State of Colorado. <br />Office of <br />Mined Land Reclamation <br />Denver • Grand Junction • Durango <br />Office of <br />Active and Inactive Mines