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REGISTERED

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QUARRIES CONTROL ACT, 1983

QUARRY LICENCE

Yabyanas Limited

QL 2110

Page2 of6

QLNo. 2110

THIS LICENCE is granted

to

Yabyanas Limited

of 1 Seaview Avenue, Suite No. 16, Kingston

10, for the removal of stockpiled

Carbonate Sand

from lands situated along a section of

Gibraltar at Rutland Pen, in the parish of Hanover, as these lands are described in the Schedule

attached hereto, for a period of

Sixty

(60)

days

from the date hereof, subject to the provisions of

the Quarries Control Act, 1983, and of the Regulations made thereunder, which are now in force

or which may come into force during the continuance of this LICENCE and subject to the

following special operating conditions.

SPECIAL CONDITIONS

1.

The licensee shall forward to the Commissioner of Mines, a report in the form specified

within five (5) days of the end of each month along with a quarry

tax

of 3.5 percent (or

whatever rate is in force from time to time) of the value of quarry material or quarry

mineral sold or otherwise disposed of.

2.

This quarry licence may

be

suspended or revoked by the Minister where he is satisfied

that, having regard to any circumstance arising subsequent to the issue of this license, the

operation is against the interest of public safety, public order or public health.

3.

The operation may be suspended whenever it is deemed necessary by the Mines and

Geology Division.

4.

The licensee shall sensitize adjacent property owners of the proposed operations.

5.

The licensee shall employ flagmen at both locations to direct the entry of heavy trucks

onto the roadway.

6.

All operations shall be conducted in accordance with the Development Plan, approved by

the National Environment and Planning Agency ( NEPA).

7.

All carbonate sand previously extracted and stockpiled by Yabyanas Limited shall

be transported to the designated site at Llandovery, St. Ann.

8.

The volume of material to be removed shall be limited to that indicated in the

Volumetric Survey submitted to the Commissioner ofMines.

9.

There shall be no disturbance of any vegetation along the shore line.