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• and warranties, if any, which Basin is entitled to enforce with respect to the <br />Personalty against Basin's predecessors in title to the Personalty. <br />Basin warrants and represents that it has good and marketable title to the <br />Personalty, free and clear of all mortgages, liens, charges, pledges, security interests <br />or other claims and demands except for liens for current taxes not yet due and <br />payable. <br />ALL ITEMS CONVEYED HEREUNDER ARE TRANSFERRED "AS <br />IS/WHERE IS" AND WITH ALL FAULTS AND WITHOUT ANY <br />REPRESENTATION AS TO CONDITION, MERCHANTABILITY, FITNESS FOR <br />USE OR VALUE. <br />IN WITNESS WHEREOF, Basin has caused this Bill of Sale to be executed on <br />its behalf by a representative duly authorized as of the dav_ of <br />1996. <br /> <br /> <br />BASIN RESOURCES, INC. <br />a Colorado corporation <br />}r .lc~ ' me~Gb <br />An Authorize fficer <br />2 <br />