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Albuquerque Metals Company <br />Denver Metals Company <br />February 25, 2943 <br />Page 5 <br />c. The Order specified in paragraph 4 s.hal.l have <br />" been entered authori2ing the sale of the purchased .As~•ets <br />free and clear of all claims, liens and encumbrances, <br />excepted Fersiitted Encumbrances. <br />Z0. Brokers. DJJ_and the Companies each represents to <br />the other that it has dealt with no broker or finder in <br />connection wi°..h the Transaction. .__ <br />This letter oP intent supersedes all prior negotiation~o, <br />writing, terms sheets or draft agreements, is not intende3 t:o <br />constitute a definitive agreement between the parties or •to be <br />binding on they anz shall serve only as a summary outline of the <br />principal terns and conditions of the Transaction to be rE;flected <br />in trie Definitive Agreement. <br />,~ ~ Sincezely, <br />-,.TAE DA D J. JOSEPH COMP?+~iX <br />Confirmed and agreed: <br />ALHIIQUERQUE 2g'TALS COMPANY <br />By: <br />Date: <br />DENVER I~TALS COMPANY <br />By: <br />Date <br /> <br />- 5 - <br />