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,`~ <br />This report does not reflect any of the following matters: <br />1. Bankruptcies which, from date of adjudication of the most recent bankruptcies, antedate the <br />report by more than fourteen (14) yeazs. <br />2. Suits and judgments which, from date of entry, antedate the report by more than seven (7) <br />yeazs or until the governing statue of limitations has expired, whichever is the longer period. <br />3. Unpaid tax liens which, from date of payment, antedate the report by more than seven yeazs. <br />Although we believe the facts stated are true, this letter is not to be construed as an abstract of <br />title, nor an opinion of title, nor a guaranty of title, and it is understood and agreed that Stewart <br />Title of Leadville, neither assumes, nor will be chazged with any financial obligation of liability <br />' whatever on any statement contained herein. <br />Dated: Jalulary 24, 2007 at 8:00 a.m., at Leadville, Colorado <br />STEWARTITITI,E OF LEADVILLE <br />Signature <br />File Number: 99A01 I <br />Stewart "title of Colorado - Leadville Division <br />O & E Report <br />Page 2 of 3 <br /> <br />