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<br />Weum L. Harris (1387) <br />FJairc A. Monson (5523) of <br />RAY, QUINNEY & NEBEKER <br />99 South Main Shat, /100 <br />P. O. Box 45385 <br />Salt Lice City, Ui &115-0385 <br />Telephone: (80q 532-1500 <br />Attorneys for Reorganized Colorado and <br />Wyoming Railway Company <br />1N THE UNffID STATES BANKRUPTCY COURT <br />FOR THE DISTRICT OF UTAH <br />CENTRAL DMSION <br />In rc: <br />CFkI FABRICATORS OF UTAH, <br />INC., a al., <br />Debtors. <br />IOINCLY ADMINISTERED CASES <br />(Banlwptcy No. 90Bfi721) <br />COIARADO @ WYOMING RAILWAY <br />COMPANY, (Case No. 90B6730) <br />Debtor. <br />AFFIDAVTT OF J. DAVID HOUGHTON D( SUPPORT OF <br />MOTION DATED AUGUST 18, 1994 FOR ORDER APPROVING <br />RELEASE AND WAIVER OF RIGHTS <br />REGARDDiG ALLEN L F.~ST'ON CLADd <br />Slue of Colorado ) <br />u: <br />County of Puebla ) <br />1, 1. David Houghton, being duly swum upon oath, depox and sou u follows: <br />1. 1 am Ne Responsible Officer of The Reorganized Colorado Ar Wyoming <br />Railway Company ('CdtW'), and in connection therevrith my responsibilities include <br />OvUaarrlg 1)re arse{t and OperaUOnf Of CdcW m accoidarue wiN the DeblOti and Railroad <br />Ttusta's First Amended and Restated loins Plan of Rcorganiration Dazed Deoembu 1, 1992 <br />(the 'Plan'), <br />2. 1 have revic+ved the Motion Dated August 18, 199d For Ordcr Approving <br />Releax and Waivu of Rights Rgarding Allm L. Eatton Claim (the 'Motion') and the <br />Releax and Waivu o[ Rights attxhed u Exhibis A b the Monon, and to the best of my <br />knowledge, information and belief the suumenD Herein are we and cortect. <br />3. CdeW aM Easton have negotiated and ensued into the Release and Waivu of <br />Rights in good faith. <br />1. Having analyred the 5200,000 proof of claim fled by AIIen L. Eaton, loving <br />taken info consideration We likelihood of success if the motto is to be tried and the litigation <br />casts usocia~ed wish defrnding Easton's claims, and based on my discussion with Scan C. <br />King, the Responsible Dirator of C&W, it is C3 W's opinion and business judgment that <br />approval of Ne Relax and Waivu of Righu is N Ne bcst insuests o! C4tW's esuu N <br />ordu b avoid the time, e:penx and unartaintia of litigation usaciated with Allrn L. <br />Faston's claim againn CkW. <br />2 <br />