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iii iii~iiiiiiiii iii <br />. , <br />6 Scamtord Forum Hofi North Americo, Inc:. <br />STAMFORD, CT 06901 <br />Telepphone 203/978 00 50 <br />Teleiax 203/325 00 82 <br />TRANSFER AGREEMENT <br />This Agreement is entered into this date by Ideal Basic <br />Industries, Inc. (hereinafter "Ideal"), and Holnam Inc. in order to <br />effect a transfer of MLRB Permit No. 77-347 and <br />the responsibility, coverage and liability thereunder from Ide31 to <br />Holnam Inc. <br />On the date such transfer becomes effective, Holnam Inc. <br />agrees to assume the responsibility, coverage and liability of <br />Permit No. 77-347 and Ideal agrees to relinquish all rights <br />which it may have under said permit. <br />This agreement is entered into by both parties this 19th day <br />January, 1990 The transfer is to become effective on or about <br />March 7, 1990 . <br />.G~ <br />Witn s <br />Wi ess <br />IDEAL BASIC INDUSTRIES, INC. <br />By. CW. o ~ s _ 1_~ <br />EKecu~+ue ~+ce (oresnd'ev.l~ <br />Signature and Title of <br />Responsible Corporate <br />Officer (Vice Presiient <br />or Higher) <br />HOLNAM INC. <br />By: ~. <br />Vice Presi ent & Secretary <br />Holnam, Ific. <br />Signature and Title of <br />Responsible Corporate <br />Officer (Vice President <br />or Higher) <br />