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CM0001187 <br />• <br />EXHIBIT G <br />(Attached to the Reservoir Purchase Agreement <br />between the Clinton Ditch & Reservoir Company <br />and Climax Molybdenum Company) <br />GENERAL SECURITY AGREEMENT <br />1. Debto : Clinton Ditch & Reservoir Company, P.O. Box 68, Breckenridge, <br />CO'80424, Attention: President <br />2. Secured Party: Climax Molybdenum Company, 101 Merritt 7 Corporate Park, <br />P.O. Box 5113, Norwalk, CT 06856-5113, Attention: General Counsel. <br />3. Collateral: 1,220 shares of the Class A Series 1 Common Stock of Debtor, <br />represented by certificate no: _ <br />4. Obligations: All indebtedness evidenced and created.by the following <br />described promissorv note (the "Note") payable to the order of Secured Party, <br />and all renewals., extensions and amendments thereof: <br />Amount: $500,000 <br />Date: 1992 <br />Maturity Date: <br />5. Security Interest. To secure payment and performance of the Obligations, <br />Debtor hereby grants to Secured Party a security interest in the Collateral <br />and in its proceeds, products and accessions. <br />6. Warranties and Representations. Debtor warrants and represents to <br />Secured Party: (a) Debtor has title to the Collateral free and clear of all <br />liens, security interests; restrictions, setoffs, adverse claims, assessments, <br />defaults, prepayments, defenses and conditions precedent except as disclosed <br />thereon or to Secured Party; (b) the Collateral is enforceable in accordance <br />with its terms; (c).no financing statement covering any of the Collateral is <br />on file in any public office other than those: (i) which reflect the security <br />interest created by this agreement or (ii) to which Secured Party has <br />specifically consented; (d) if Debtor is a corporation, its certificate or <br />articles of incorporation and bylaws do not prohibit any term or condition of <br />this agreement; (e) the execution and delivery of this agreement will not <br />violate any law or agreement governing Debtor or to which Debtor is a party; <br />and (f) all information and statements in this agreement are true and correct. <br />7. Covenants of Debtor. Unless and until Secured Party consents in writing <br />to another course of action, Debtor covenants and agrees: (a) Debtor will not <br />sell or assign any of the Collateral; will keep it free of liens, security <br />interests and adverse claims other than the security interests contemplated by <br />(c) of paragraph 6; will promptly notify Secured Party of any event of <br />default, as defined in paragraph 10; will defend the Collateral against the <br />• <br />G-1