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GENERAL55397
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GENERAL55397
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Last modified
8/24/2016 8:40:25 PM
Creation date
11/23/2007 10:24:16 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M2004078
IBM Index Class Name
General Documents
Doc Date
10/18/2006
Doc Name
Special Warranty Deeds and Assignments
From
Denver Water
To
DRMS
Permit Index Doc Type
General Correspondence
Media Type
D
Archive
No
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P. Pursuant to a separate agreement with Denver, So. Adams and the FRICO <br />Companies have agreed with Denver to pay a portion of the fluids otherwise payable by Denver <br />under this Assignment, and are entering into this Assignment For purposes of confirming sueh <br />agreements, with the understanding that all of the other Parties are also relying upon such <br />undertakings by each of So. Adams and the FRICO Companies in entering into this Assignment. <br />IN CONSIDERATION of the. foregoing Rccita]s, the mutual promises and covenants <br />contained'herein and other good and valuable consideration, the receipt and sufficiency of which <br />are herebyacknowledged, thcParties agreo as follows: <br />1, Partial Assizrunent of Contract. Bromley hereby assigns the following rights (the <br />"Assierted Rights") in the Contract to Denver: <br />(a) The right to purchase the portion of the Property described on Exhibit C to <br />this Assignment (the "Denver Pronertv"), and all rights related to the following property <br />and property rights, but only to the extent such property and property rights relate to the <br />Denver Property {rho "Other Denver Property"): the Permits, the Property Documents (as <br />defined in this Assignment) and the Mining Lease. The Other Denver Property does not <br />include any of the Bromley Retained Rights (as de£rted in this Assignment). <br />(b) The right to designate the Excluded Propertyunder paragraphs 1 and 4 of <br />the Third Amendment to the Contract dated as, of August 29, 20Q6 (the rind <br />Amendment"), subject to rights assigned to FRICO under Section 19 ofthis Agreement. <br />(c) Any obligations owed by the Sellers under the Contract or this <br />Assignment to the extent such obligations relate to the Denver Property and the Other <br />Denver Property. <br />(d) The right to purchase the Excluded Property and all rights to enter upon <br />the Excluded Property (on a nonexclusive basis along with Bromley) fo conduct <br />inspections, tests and other investigations with respect to the condition of the Excluded <br />Property. <br />All of the Assigned Rights are subject to'the rights reserved by Sellers under the Contract, the <br />Mining Lease and all other Permitted Exceptions. Denver hereby accepts the assigmnent of the <br />Assigned Rights assigned it hereunder. <br />2. Assumed Oblations, Bromley hereby delegates and assigns to Denver the <br />following obligafioits under the Contract (the "Assumed Oblieations"): <br />The obligation to pay Denver's Proportionate Shaze of the Doposit, Supplemental Deposit <br />and Purchase Price, as and when due ender the ConG•act {as modified by this <br />Assignment), and to fidfill the obligations of Purchaser under the Contract with respect to <br />the following matters, but only to the extent such obligations relate to .the Denver <br />Property and Other Denver Property: the Mining Lease, the Property Docrunents, and <br />any obligations awed to the Sellers under the Contract or this Assignment, including <br />those obligations arising under the Contmct or [his Assignment, by reason of Denver's <br />default rurder .the Contract or this Assignment, and any obligation .to purchase the <br />(00706188/7) - 2 - <br />
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