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<br />4t+ W <br />.Pr ? <br />O OMMM <br />"W <br />t+ <br />N ? <br />mom <br />C" "_ <br />• m- <br />°oUNEW <br />o ? <br />m m a? <br />maw <br />m - <br />00 = <br />m (A sees <br />nion <br />m pop ee <br />el <br />;t <br />sees <br />7r "a <br />e 3? <br />A ? NNEW <br />O <br />n <br />e <br />• <br />MB1857 ` I ( l <br />666203 08/17/1998 03:10P 23 Sara Fisher <br />44 of 112 R 561.00 D 0.00 N 0.00 Eaols CO <br />CM0000923 <br />2. Warranties. VA warrants that it is the owner of the VA Conversion Option and <br />600 AF Option. Climax warrants that it is the owner of the Climax Conversion Option. Both <br />parties warrant that they have full right, power and authority to effect the foregoing terminations. <br />Executed as of the date first set forth above. <br />VAIL ASSOCIATES, INC., a Colorado corporation <br />By:_ <br />Title: <br />CLIMAX MOLYBDENUM COMPANY, a Delaware <br />corporation <br />By:_ <br />Title: