20180730_ASA_Redacted

LAND QUALITY SECTION
Budget No#: 2688
Date Rec'd: r 7/30/2018
Operator ISANDMORN.LLC
Type Security: 1ASA
Security Number:
Bank: JFIRSr BANK
City: ISHALLOTIFE
Debit: A59.900.OD
Credit:
Date Released:
PermR No#: 10-98
Comments:
Received by:
Date:
Released by:
Date:

PECEIVIED
JUL 3 o zo(3
TY
ASSIGNMENT OF SAVINGS ACCOUNT SAND PROGR
MINING PROGRA61
This Assignment, made and entered into the 25TH day of July , 20 18 , by
and between Sandhorn. LLC of PO Box 126
(applicant) (address)
City of Ash , County of Brunswick , State of
North Carolina and the North Carolina Department of Environmental Quality; and
WHEREAS, The undersigned Sandhorn LLC
(applicant)
(hereinafter referred to as "Operator") is desirous of engaging in mining operations in the State of
North Carolina and such mining operations are subject to the provisions of the Mining Act of 1971,
Article 7, Chapter 74 of the General Statutes of North Carolina; and
WHEREAS, NCGS 74-50 requires that mine operators obtain a permit from the Department
of Environmental Quality (hereinafter referred to as "Department') before engaging in mining
operations, and NCGS 74-54 requires that a surety bond in favor of the State be maintained or
other security be filed with the Department, in connection
with said permit; and
WHEREAS, Operator has a savings account in First Bank
(bank name)
at 347 Whiteville Road , City of Shallotte County of
(address)
Brunswick , State of North Carolina, Savings Account No.
and
WHEREAS, NCGS 74-54 authorizes the Department to accept from Operator an
assignment of a savings account in a North Carolina bank, in lieu of a surety bond;
NOW, THEREFORE, in consideration of the premises and the Department accepting an
assignment of said savings account in lieu of a surety bond, the undersigned Operator does
hereby sell, assign, transfer, set over to the Department of Environmental Quality
Fifty-nine thousand nine hundred dollars ($ 59.900.00 ) of the sums on
(dollar amount written)
deposit in his name in First Bank , City of Shallotte
(bank name)
County of Brunswick , State of North Carolina, Savings Account No.
and further authorizes First Bank
(bank name)
to pay over to the Department of Environmental Quality the above sum of
Fifty-nine thousand nine hundred dollars ($ 59,900.00 )
(dollar amount written)
out of the above money deposit in the above account in his name.
Rev. Oct. 2017

The condition of the foregoing assignment is that if the assignor Operator conducts the
mining operations faithfully, honestly, and lawfully and in compliance with the requirements of the
Mining Act of 1971 and applicable Rules and Regulations adopted pursuant thereto, then this
assignment shall be null and void; otherwise it shall remain in full force and effect. Compliance with
the requirement of the Mining Act of 1971 and applicable Rules and Regulations shall be
determined by the Department.
This assignment is made and the deposit verification
(passbook, deposit book, etc.)
is to be held by the Department as collateral security for all direct or indirect liabilities of the
assignor Operator to the assignee Department that may arise by reason of the Mining Act 1971,
Article 7, Chapter 74 of the General Statutes of North Carolina.
This assignment shall be direct authorization to First Bank
(bank name)
to pay said sum to Department on demand by Department.
(Signature of Applicant)
JULIA F TRIPP Sworn tQppfore me this
Notary Public day �J 20
North Carolin• of '
Brunswick County ry Public 14 Zoa3
My omrrion rest
ACKNOWLEDGEMENT BY BANK (Affix geal)
T e foregoing Assignment of Savings Account is hereby acknowledged thisZ5 day of
20]R . It is further acknowledged that funds in the above mentioned
acco nt shall not be disbursed except to the assignee, Department of EQ while the assignment
remains in effect.
This the 5rY of da JV\ 20�bY, aCZWn ,
(authorized agent for bank)
V 11
(mailing address of bank)
Sworn to be e m this o` day of , 20 j ���`��-�A F T��aA•,,
�- =
Notary Pub Notary Pubilo' lkunsvviait
My Comm issio Expire
s
(A tx Seal) P `!!�.
PLEASE MAIL THIS FORM AND THE ATTACHED INSTRUMENT TO THE FOLLOWI """'�'`
ADDRESS:
Division of Energy, Mineral and Land Resources
1612 Mail Service Center
Raleigh, NC 27699-1612
Rev. Oct. 2017

HORZON-FIST BANK
Main Quak Launch
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Account ' Reg CC Exception Commode Shod Name S440HORNUC Exception Reason N No EKFlow ExinditeG Customer Float
Exception End Data 1213119999 EIIn1Inda all Customer Float H
Exception Period 000 Oyv Nor Days Reduce Local 00
S205 Immediate 4:ul Y vet Nor Das Raduca Foreign DO
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Account Numner 90
Hold!Type D s..,c.,..
Shops bd Amount _ FLO D I _
9ee# .iC T ayltp Release N.911atchlnS Transaction -
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Expbstlon 072312099
Payee 1 Reason or Desmpnon =sslgnment io DEFT ENV
Over ID 8a671,111 Dlalnt Time 1654.29
Otlende User Hard Date o].232018
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