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1 /rAK <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 />R FrrrA T C <br />II. AGREEMENTS <br />Office of <br />Mined Land Reclamation <br />� 0 ). STATE OF COLORADO <br />RE,CEN <br />NOV .14 `l:U,li <br />01Jlelon of Reclamation, <br />Mining and Safety <br />TRANSFER OF APPROVED MINERAL APPLICATION AND <br />SUCCESSION OF PERMIT APPLICANT <br />COLORADO <br />D I V I S I O N O F <br />RECLAMATION <br />MINING <br />SAFETY <br />A. On May 16 2011 , the Mined Land Reclamation Board of the Colorado Department <br />eparintent <br />of Natural Resources (the "State') approved an application for a mining operation under C.R.S. 34 -32 -101 et seq. or 34- <br />32.5 -101 et s_N. from Carder, Inc. (the "Applicant "), P.O. Box 732, Lamar, CO 81052 <br />(address), and assigned Permit Application Number M- 2010 -062 <br />B. The Applicant wishes to assign the approved Application to White Sand & Gravel LLC <br />(the "Successor "), P.O. Box 806, Elkhart, KS 67950 (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 etlm_ <br />are met and the pennit may be issued. <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 ofthe 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 sec . or 34- 32.5 -101 et seq. 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 />Denver • Grand junction • Durango Active and Inactive Mines <br />