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f? <br /> <br /> <br />AFTER RECORDING RETURN TO: <br />Patrick K. Perrin, Esq. CM0000868 <br />Holme Roberts & Owen <br />1401 Pearl Street, Suite 400 <br />Boulder, CO 80302 <br />AMENDMENT <br />THIS AMENDMENT dated May _L c6_, 1993 is between Vail <br />Associates, Inc., a Colorado corporation ("VA") and Climax <br />Molybdenum Company, a Delaware corporation ("Climax"). <br />RECITALS <br /> <br />N <br />In <br />?o <br />?N <br />coo <br />'b <br />i <br />w <br />0 <br />ti <br />A. VA and Climax are parties to that certain Purchase <br />Agreement dated April 9, 1993 (the "Purchase Agreement") and <br />recorded in the real property records of the following <br />counties in Colorado: <br />County Recording Information <br />Eagle Book 607, Page 553 <br />Lake Book 504, Page 347A <br />Summit Reception No. 442127 <br />B. VA and Climax desire to amend the Purchase Agreement <br />as provided herein. <br />AGREEMENT <br />In consideration of the foregoing recitals and for other <br />:-? good and valuable consideration, the receipt and sufficiency <br />of which are hereby acknowledged, VA and Climax hereby agree <br />to amend the Purchase Agreement as follows. <br />1. Delete the period at the end of subparagraph <br />2.5(b)(ii) and insert "; and"; and add the following <br />subparagraph (iii) following subparagraph 2.5(b)(ii): <br />"(iii) use its best efforts to assist VA in <br />obtaining any permits needed for the <br />a construction and operation of the AW Delivery <br />Facilities, including without limitation, <br />assistance in connection with water quality in <br />Chalk Mountain Reservoir and Buffehr's <br />Reservoir." <br />2. Add the following subparagraph (f) to Section 3.4: <br />"(f) Prior to the exercise of either party's <br />respective EPR Conversion Option, the parties- <br />shall have reached"mfttual agreement as to <br />acceptable articles and bylaws of the Company <br />and such an agreement shall be a condition <br />precedent to exercise of either party's <br />respective EPR Conversion option." <br />3. Delete subparagraph (b) of section 4.7. <br />• <br />a° <br />N? <br />tZI ? <br />Ow <br />?o <br />pv <br />N <br />r <br />O ? <br />h? <br />b? <br />o? <br />0 <br />0 <br />op <br />o c? <br />Ti's <br />M ;g3ot) R -