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<br />• <br />(6) Either (i) the Owners' Policy with <br />extended coverage pursuant to the Commitment or (ii) an <br />agreement from the title company issuing the Commitment <br />acknowledging that all requirements for the issuance of the <br />Policy have been met and that the Policy will be issued without <br />any exceptions other than those previously approved by the <br />Company; <br />(7) The estoppel certificate from the <br />Colorado Department of Revenue relating to the Personalty; and <br />(8) A certificate from an authorized <br />officer of Climax, verifying that Climax's representations and <br />warranties made herein are true and correct as of the date of <br />the Closing. <br />(c) At the Closing the Company shall execute or <br />obtain and deliver: <br />(1) The cash component of the Purchase <br />Price, reduced as set forth in Section 2(c); <br />• (2) The Note, in the form attached hereto <br />as Exhibit E, in the principal amount of $500,000; <br />(3) The Deed of Trust, in the form attached <br />hereto as Exhibit F; <br />(4) The Security Agreement, in the form <br />attached hereto as Exhibit G; <br />(5) The Escrow Agreement in the form <br />attached hereto as Exhibit H; <br />(6) An easement deed, in the form attached <br />hereto as Exhibit O, conveying to Climax certain easements <br />across the Land and Reservoir; <br />(7) The Escrow Shares, together with a <br />stock power and general warranty deed, executed in blank, for <br />such shares, to be held in escrow by the Escrow Agent; <br />(8) A certificate from an authorized <br />officer of the Company, verifying that the Company's <br />representations and warranties made herein are true and correct <br />as of the date of the Closing; and <br />• (9) An incumbency certificate from the duly <br />elected Secretary or Assistant Secretary of the Company, <br />showing the names and signatures of the officers of the Company <br />executing this Agreement.