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Purchase Agreement shall govern. Parties in interest should <br />review the Asset Purchase Agzeement to obtain a full <br />understanding of the terms. <br />11. DJJ has represented to the Reorganized Debtors <br />ghat it is capable of performing the terms set forth i.n the Asset <br />Purchase Agreement. <br />VALUE OF THE PURCHASED ASSETS <br />12. The Purchased Assets were valued as pax•t of. the <br />comprehensive evaluation performed by Valuation Reseax•ch <br />Association in connection with the Plan. A copy of tY.~e valuation <br />report prepared by VRC was introduced as Exhibit 2 at the Plan <br />confirmation hearing held on January 27, 1993. Exhibit 8 to the <br />Disclosure Statement submitted with the Plan shows that the <br />orderly sale value of~the property, plant and equipment of Denver <br />Metals Company was 51,129,000. <br />13. The Reorganized Debtors solicited bids for the <br />sale of the Purchased Assets. DJJ's bid was the highest bid <br />received. <br />14. The purchase price to be paid by DJJ for the <br />Purchased Assets of Denver Metals exceeds the orderly liquidation <br />value by at least $870,000. Accordingly, the Reorganized Debtors <br />believe that the price to be received for the Purchased Assets is <br />fair and reasonable and is in line with what could reasonably be <br />realized for the Purchased Assets. The inventory purchased will <br />6 <br />