Document ga4ewJbRp55oxyaXNdgy3EE0L

REDACTED DOCUMENT EUROPEAN STOCK PURCHASE AGREEMENT BETWEEN CYPRUS MINES CORPORATION and TALC DE LUZENAC S.A. Dated as of June 5, 1992 PLAINTIFFS EXHIBIT CAM-242 CAMC-Logiudice-003731 REDACTED DOCUMENT June 5 i q ? f ? kP^ ' ST0Ci PURCHASE AGREEMENT dated as of June 5 , 1992 (herein referred to as the "Aoreemenf'n vTM *** flotation, a D e l a v i S H S S & i t S n under the lewsdof*aFirandceeLu(zlfeBnuaycerS11)-A.*/ a company organized WITNESSETH: ^ WHEREAS, Seller is the sole record and beneficial owner of all issued and outstanding shares of capital stock of Cyprus Industrial Minerals de France SARL, a company MMiinneSraalliieennUSGmmbbHH, ^a colmapWSanyfoFrrgaanni?zeed("uCnIdMFe"r) thaend lMaiwsstroofn Spaces T " ith CIMF' referred to h e ? n a f t S e npl.uaro ,, TM REA?i Seller' Cyprus Minerals Company, a Delaware corporation, and RTZ America Inc., a Delaware corporation ("RTZ") have entered into a Stock Purchase Agreement"?; d 33 f JUne 5/ 1992 (the "stock Purchase sseett ffoorrtthh. Seller desiresthftotesremlsl oarndccaousneditthieonssahleereoifnaf9nt7er ssnhaarreLs ooff^tthhSe Cromppuarn<i?ehsase(t'hea11"Sohfartehse")i;ssued and outstandingy r-ei * THEREFORE, in reliance upon the coi?Sent^ 10n% a!id warrar*ies made herein and in contai- ' aasscLriibbeedd TMtoo ?thhed^m in^ the^ Stoicnk^PaulrfchhaasieeA1gtrteeeamineenatTM.ngsSe<i " d sutaWr f,,2;. Sale and Purchase. Upon the terms and a n d ^ L ^ CBuyd^ ^ a V ? ^ ^ 1^ * 11 C l o a L g f ' t h f s h . Wi11 purchase and ao" P ^ ** the pf roovviidoeeda froor^hheerrfeiinS^S(t?h*e "EurocnleoansinCglosoifnat"h)e wtirlalnsahcntVioonnis-,nn at the offices of Sullivan~ C r o m w e l l at lai * With tha under^the w f l i v e r -1*1B e c a u se io'b f delivered to Buyer the following: e 1- - CAMC-Logiudice-003732 REDACTED DOCUMENT Shares, in^eacl^caSe endniflSa*eSi.eVidencing the executed blank stock power ttached^and1 Wi? " - suitable for transfer of valid tltii Sr" =r its assigns, free and clear o f a n y ^ c ^ r a n c e s f 'f and officers*^ ech9Comn?nS ?f each of the directors specify to Seller prior to Clsng)'* 88 "ay for each Com^iy a s ^ v S ^ f s?Sh aud^ors, if any, to Closing; and yer "ay specify to Seller prior documents rgiired'byiection^^he^eoff ther each of th certificatesart3A<-?Uye wili deliver to Seller Section li hereof. d other documents required by Agreement o t h ^ / t h a ^ i n 1this S ^ c t i i S V ? ^ 1? ^ in this notwithstanding, this Aarepmonf lorV 3 *3 to t^le cntrary time prior to the EuropXn cl^ingl ter" inatd *t any (a) by mutual consent of Buyer and Seller; or 5in accordance w U h tU s S^ S s Pb CeUher9B u y ^ n 1S e n TM " ated 4 * Eepresentat3.0ns and Warranties of s<a1iQ>. Seller represents and warrants to Buyer that: corporationadulyeiicorporatedChv-Se Co?Panies is a standing under the laws *lstin9 and in good incorporation or orgnizaio the corporate power and f its ln the case of Seller, Agreement and to per?S^n tsoLa?ente int this the Companies is qualifiedto do h n ^ S hfreunder- Each of jurisdiction in which e na?ur* *?S}?S? ij? each to be so qualified, except where f a i l u ? ^ ? ^ 63 re<3uires it would not have a material adve</o^ ? to so <3ualified business, financial rnnd-i-i-4 erse effect on the assets, prospects of such Comoanv mif' results of operations or this Agreement and the c o A s u m a t i ^ o f 1?!? *?d deliver^ of contemplated hereby have nn f the transactions requisite corpIrSe actic? TM ?Kly by *11 Agreement has been dulyy eexxeeccuutteedd aanndd'dde.lii?veSreeldiebiy' SeTlhilser and 2- - CAMC-Logiudice-003733 REDACTED DOCUMENT s e l l e r ?"^68 t h e V a l i d ' blndin9 a n d e n f o r c e a b l e o b l i g a t i o n o f s u b j e c t t o ' o r b S S n d b j ^ p r o v i s i TM o f *** C O m p a rlie s l s judicial ii & k E * a ii - . reguiation incorporation* orSby-lawsleS r certifi-oates of deed of trust1'lea mrtgage, deed to secure debt, gs~ re s tric tio n , or ' o u s to d la I> sh ip o r o th e r KS;injunctlon administrative agency or arbitrator, Y S S d ^ S S S S 2 a M s S i f S bno?risnthr WhiCh there Person under any material contrat nr 1S tiie consent of any of the Companies or any of its ored?? a5reement to which any : ^ o T eL \ ^ ^ Agreement and th^transactions^contempiated^ereby!*15 capital stock of^ a c h ^ t h ! 3?6*3 and outstanding shares of validly issued, fully pfid a n d ^ " 15 ar dul^ etherized, outstanding options nonassessable. There are no acquire any additional share* ?? othf^ rights of any kind to Companies or securities convertible*^?1 StoCC of anY of the for, or which otherwi? c o n f t ? 1?* - , c h a n g e a b l e right to acquire ? holder thereof any th e co m p an ies c o im it te d S is s ^ e a v s u c h ^ n i- " " iS a n y o f r ig h t or s e c u ritv T h e c h a >-U e a n y s u c h o p t 1 / w a r r a n t , beneficially b y l i n e r S e L T OWned of reoord and Closing.Encua;^rances wil^pass^to^uyer^t^he^European"*^ disclosed in'thrRefSreScflSenci f?11" ' 6*Cept as " J T o 0^ co^np^If to be disclosed on the Ref^?enc2Pni'eS "h h "ere W i r e d thereto by the Accounting PrinciP! a" r a; ^ bd% ayenota 3- - CAMC-Logiudice-003734 REDACTED DOCUMENT S. issuance or sale of anv shar -p0f Companies, (ii) any the companies or o n L 1 of capital stock of any of kind to acquire anyPSu c h T *h*r rights of any into or securities ?r securities convertible confer on the holder th e r L ? bf for# or which otherwise shares, or enter into anv am- r^ h^s .to acquire, any such of the foregoing, (i) a n v ^ o n T V ' ^ f 1"9 it; to do any aside, paid or made with r e s p e c t ' Set of the Companies, (iv) anv damacm jthf caP*tal stock of any casualty loss of anv assa anta9f destruction or other (whether or not covered assets of the Companies the aggregate, has a Matej-ia"SAdvrs Effect SfS?ly r in T%S?i'a^oriheinc ^ a S ? 2 r ? r ^ no r ^ f ? L to bh n* hy any of the Compane fo? o'v , ? ? ^ " rangement made directors or e m p l o y e d fxceo ^ Y a?eh oticers' business consistent with paSt nc ordi?ary curse of dispute, other than rouffS , Practice, (vi) any labor transaction between anv nf *^abSr matters, (vii) any any of Seller, or any of its^ff 1??ri*8 ,v,the one hand and Companies) on the other ha* (other than the ordinary and usual course of t^a"?actins in the event or change of c o n d X i TM business, or (viii) any other arHateriJiaM " ? s i eEffeItfad r fiktly `"hae ^ ^ " 'auinoriir'CtS rr courtdSanSadministrative agency ' any of the Companies. 9 y or by an arbitrator) against sach company is^being S S of the last three years been conduct2rk? S* 11 tlmes durii>g Predecessor, ^ m a t e r i a ^ S e & 2 ^ 4- - CAMC-Logiudice-003735 REDACTED DOCUMENT common law and equitable^oct *ny governmental entity, Company Cinc12d ^ ^ t o o S ? CS ; i ^ ? g S li?Sble t0 suci human health and safety) i 5 S relatin9 to material governmental a ^ r o v a l ? M S i t ? ^ f <Seller' a11 effect and are being complied of are r e g u i r i S ^ o ^ i v f refpect to Taxes that Agreement by or with respect*? t0 date of this of corporations that includes thhp TM 0inpan:LeS or any Srroup returns on a c o n s o l i d a ? ? * 3 Companies and files basis, have been duly fii4d ?ii?efi'iU2ltary or similar on the Returns referred to in ro 911 Taxes shown to be due received have in eifhSr c L e h ^ n i 1! or in eesments Returns referred to in claule ??? f?ld " full, (Hi) the appropriate taxing authority or th ^ eliamlned by the the Taxes in respect of which eiinh%P!ri0'1 for assessment of be filed has expired, < i ! f S i " were reiuired to assessments made as a result ftfd?fl lenc;L?S asserted or paid in full, (V) no isSues^hat JCh *anunations have been relevant taxing authoJilv in oonn^Z- bee? raised by tha of any of the Returns referredonnection with the examination currently p e n d i n g ( v i V Z * to ln ciause (i) are have been given or requested ^*0? fhtatutes * limitation of the Companies or any grouD Tespect to ahy Taxes there are no adjustmeSts^egSired^ Iv i t TM ClaUf? (i>' <vii> would affect the income tav ca*:rYove*` items that tax year that ends after t h e ^ l o i i ? ^ th 1Companies for a adjustments have been made ov- 9 2aie and fviii> no taxing authority with resoect Proposed by the appropriate to in clause (i) which would in -fny f Returns referred for Taxes of any of the Coinai? ? Way affect the liability ending after the l o s i n g Date? ^ &ny taxable year benefit p l ! ^ contraSt'^ V l J * * * n liability under any they are funded or unfunded ^ S S i a ^ o ^ d ^ ^ i 33 f whethe^ contractual or notl v*.-,*?' foreign or domestic, employees of the Companies i S S l S d i L ^ H 1?73 r former plans of deferred coSpensatioU p r i d e d limited to. Seller does not make anv renrM+?**ded' however, that hereunder regarding the^unSfnentations or warranties on Schedule 5.14 tl the StSck fu?chas? enefit P l a n s listed employees of the Companies? * Purchase Agreement that covers information3which ha! "rlttan representative of Seller to^uv^ ,,^.Seller or any Buyer, i. true, complete end S S r S . ' f t 5- - f CAMC-Logiudice-003736 REDACTED DOCUMENT wh?ShCtS 2nd there are no facts, matters or circumstances S ^ ^ i ^ r S S S c ^ 0TM " 1011 inTM te - misleading Buyer f .,5a^ uyer is a company organized under the laue n-F S ? 2 CL Blth power and authority to eer Into STnee eexxelcouutliloonn aanndS ddel?i-vPeerryoorf; this Agreement ahnedretShneter* b e ^ r ^ i i 1011^ ^transactions contemplated hereby have thi nf2iYn?U2!iriZedm ^ a11 re(^isite corporate action on 12 S f ? er* Thls Agreement has been duly executed aanndd 2e2nffo1rVceeraebKliebYoJb?uliYgGartiaonnd'ofcoBnusyteirt.utes the valid, bindingg provision of' BUy<Sr iS not SUbject to or bound bX any itirtinial an? Jaw'.Statute, rule, regulation or judicial or administrative decision, , fiiJ aJ?y articles or certificates of incorporation or by-laws, jBa - an^ mortgage, deed to secure debt, h22d ? ?ruft ' lease' note, shareholders' agreement, bond, indenture, other instrument or agreement rlllTctiln^rf ^ d i a n s h i p , other rtiP (iv) any 3ud9nent, order, writ injunction or agency on b0<ly' ^ " ^ r e t i v f de?Iu?i ir te Vi ^ ted by r ""der which there Pelson r ? fesult of- nor is the consent of any not b L n ^ o h t e i n L mr er" -C2ntraot or agreement which has * requlred for, the execution, delivery and conte^Iatld herlby! f thiS Agreement and the transactions Buver Access and information. Seller shall permit lt?4.rePresntatives (including, without P limitation, its public accountants, counsel and other d u r i M r2ir2i?ehi tbe dat2 f this A?reement to have access tS Sell?^2 t?2S;S?-* UrSi 2?n reasnable advance notice a S d / S t ^ L i ? officers and directors of the Companies SJller <as appropriate), the auditors of the contSi?2 and 311 f the P o i s e s , properties, ontracts, books, records and data of or relating to each of 6- - CAMC-Logiudice-003737 REDACTED DOCUMENT he?eto"shaSie slijtctlTlttu pursuant agreement execute b y a n a f ? ? , ? ! ^ ^ confidentiality 24, 1991 (the "gsnfidenti al<tu f* and dated APril U ) rfi ^ t ! BaSln^ a; Thtercomnanu -- - agrees that? the closing Seiler covenants and by the Comnanioc'V^K1 cause th businesses conducted preserve the properties and relationships wfth suppliers and customers of such businesses; wonveruDie into or exchangeable for,- or-- whir-h - ts of otherwise confer on the holder thereof anv r S h t to o K i n r i t S? f df ^ S;f- h" S^ J ^ ^ e e m e n t = s sHvsCL" S S 2 K " u 5ijt-u"wiiSniSn orYamSonngit^heaTComrp,iainii^esi;"r" nt* S to Change.'?VL e ^ I ^ c h S & r 5 - S ^ r S g S 1" "0t organization agreements; orner acaui-p wil1 cause the Companies not to S T i r g W ^ ^ i TM ^ ' i " ,^r than m the ordinary course of business; full force (and effect1]' CaUS the CoinPanies to keep in Pronertv and ni-SffeCt insurance n assets and Real ~ ^ , " S . " 2 ?-3 fct A , , practices of the Companies, and it will ensure r"emmaaiinn aasssIetes? rofS %tiheeCC?oimVpeadniVensdatth*e Cilnossuirnagn;ts C u " enter Wii1 cause the Companies not to nter into or to amend any employment, bonus, severance 7- - CAMC-Logiudice-003738 REDACTED DOCUMENT employee a?eb?eeo r i o i i a^ " " ^ " " i^ ^ i^ o m p e n ia ? ? ^ 0 ^anyr ^uir teouxcneeoxeucuWtivvees ror3"em6p5l;oy"ees*, "ex^ceSntStoS** S T t o enter into Cause the CoraPanies not to real nrn,^ + 7, raer' ?r .other commitment, or (B) anv in excess ofyJ | | H i P <3ulrin?f a expenditure or payment teTMina?ed L f ! P ^ per annuB or which " not be axceiSSg i2ymon?hs? Vant Colnl>any " ithin a P eria * incur anv ioi+- ^ wf}1 cause tile Companies not to to extend erlwHtr,0biigatlon for borrowa<* funds and not ra o e iv iw e fo ^ o tte r ^ e " ^ c o l l e c t i o n o i and regular l o u S e ^ b u i i n S S ; tha" ln the ordinary anv action ^ if111 cause the Companies not to take I i r * r : a r . s s sSssBiT i o r TM m e f c o n heT * n P^ ^ t e TM L S o i e2fC"Sy" eaae V E S n d S "57a^ i n or* Lease except in t L o?diAa?y Souise? "dlfY any such to wind u p iXi i L i | J e 1ir"S? pef" it any of the Companies transact-inA or dissolve or to enter into anv transaction of merger or consolidation; and y anv of t.h o (iiii) ffc wil1 not' aid it will not permit ? e g o i \ S t eS t 0 ' a g r6 e tD t a k a " y o i ?ha s S l i r ^ t " L ai T a t V a" e in n d s a :ii- or^any^Affiliate of settled'with payment S H > 8- - CAMC-Logiudice-003739 REDACTED DOCUMENT aiornp r i dtotheSEu?o^anSr f ?ettle"eI* i not feasible soon as practicable after th^ir^5 ' sha11 be settled as settlement shell be effective as of^ i e r ^ A e ^ o I n g . covered by Section^?!; (f?"ruver for tax records Company to, for a period of Wl11' and wil1 cause each retain all books? rllrL after the Closing, the businesses of the Companies ?!!r d?Cdments pertaining to Date and to make the s a m e ^ a n a L ^ f 6^ n the cli** for inspection and cop?no b? a^ er the Closing Date Seller at Seller's e x S S s l d L f n ? L r anV,Affixate of of Buyer or such Com^ny as aSlioni110^ 1 business hours request and upon reasonahiV b1' upon reasonable generality ofP?Se I n g o i n g S u ^ v i V i ^ M a t i n g the Company to, make availfble9to s?*1^ "S-?1*1 cause each Seller and their respective i ?be Affi^ a t e s of deemed necessary or desirable L Je"batives all information in preparing their r e ^ e c u e f L f n o ! ^ fUh Affiliates returns and conductingg annyy aauuddiittsS in c^onnetcatiomnentthseraenwditTha.x Seller nor^uyi^V^VsVi' anv^Ves*0 ^ closin9/ neither make any public statement w i t h ^ e W f ^ ^ 16^ or otherwise the transactions contemnlateH beSect-to tbls A9reement and written consent o? hrohVV without the prior unreasonably withheld) excent coJsent shall not be applicable law or stock e S gV? 7 required by conditions herein^provided 'e a c h ^ ^ n t0 th terms and to use their respective bVitVIfcV Y*l ?nd Seller ***** necessary? % effective the obligation1^ S^U e r ^ a 1'' TM . ^ * ! * of The described in Section 5>,ffI1SSIni?ate the transactions of each of the followLg c V V d i t i o V ^ ^ to the fulfillment European Closing: 5 condltions Prior to or at the made h e r e u n d i r ^ s h a l l ^ r S ^ i ^ f i ?aiT anties of Buyer as of the Closing ate? t L I L T * * * 1* 1 resPects at and though made at and as f the c i L i TM nf?rCe and effect as changes permitted or contemViftVS g ??*' excePt for except to the extent that ated by thls Agreement and made as of a specified^ate^i nS;Sntation or warranty is representation or wa?rah? 4hal ^ L CaS- Buf? respects as of such date.7 b 11 b true in a11 material 9- - CAMC-Logiudice-003740 REDACTED DOCUMENT all material5respects^ith ^ P rfrmed a?d coinPlied in agreements required bv thi* a?L_lts udertaJcings and complied with by Buyer prior L ^ l o s i n g ! "'^ " certificates^of^n^authorized^fr^66" fSrnlshsd with Closing Date, certifvino to of Buyer1, dated the contained in Sections ii(a) and the conditions -LitaJ and (*>) have been fulfilled. any n a t u r e l ay c S u r ^ o ^ g o v m m e n t a l 119 order1or decrea of authority shall exist again!? BuvS?nta^1r>.regulatory any of their respective^Affiliat^c ' eiler'_any ComPany or principals, officers or or any of the restrains, prevents or mat?????? any of them' that contemplated hereby. rally changes the transactions authorizations o f a?Pfovals a*d and all material filino? wih1 ^ f ? ^ ato?y authorities, governmental authoii din?tlf;dations of ' entities which rgult? t h e ^ ? ? ? ? * ^ ? |9f?cies other or Buyer, necessary on the part ofSSs?i Seller' any Company Buyer, or their respective Affiliftf?11? ComPany or delivery of this Agreement m i * * ' to the execution and transactions c o n t e m ^ t S V and the consummation of the or effected COntemPlated hereby, shall have been obtained Seller may reasonably request3?? ??SeiV?d SUch evidence as power and authority of order to establish (i) the contemplated by this Ag?eLent aSd^?3* transactions conditions of European^losSg t f r t h ^ e n ? " " ith thS =s= the following conditions orior -i-o ?he 5uflllment of each of Closing: lons Prior to or at the European made hereunder ?hallPb ? t ? S ? i ! ? i ? d "aiT a?ties of Seller as of the Closing Date? S S S e resPects at and though made at and as of iV fame force and effect as changes permitteS o? c o n t ^ p i S e l S? S E ' a " " *1* or except to the extent th*i- rate by this Agreement and made as of a specified mtm? S - 10- CAMC-Logiudice-003741 REDACTED DOCUMENT representation or warranty shall be true in a n thisesect?on0i2 (aK u S e L ^ h e ^ ^ r u t ^ u f n e s s o f^thT =is ! ! g ^ i a i ^ . a a representations and warranties in fho *.01 , ~ - a s s s -a . all material^respects with1a U VofPi t s S ; ^ ? nv-CO"plle'1 in S S `C i S 'S ' S lL Ar i r ? L t2 i ^ ipe^ n or that Buyer may not inlokl thi Motion S d i TM Piac?' in thl H T T te WUld ha''e " material116 whole? ' on the talc business of the Companies as a .. . Buyer shall have been furnished with a any court f directors of any of them* thatf tSe PrinciPalsi officers or materially changes the t J - i S j S S ' S M S S t a S w . andhallZf^l^6S ^ ^ ^ ^ ^ ^ ^ t a ^ a n d ^ r e g u l a t o r y ^ a u t h o r i t i e s notifio?tio^ of governmental166' ^^-'thTex^M.^ E S ?pthe failure tnBn^ii y noJ" lnvoJce thi"s Section" 12(e) unless whole. effect' on the talc business of the Companies as a Buyer may reasonably request*j orde^to establish?!? the to n a ^ r^ ^ a ^ a ^ s s ir* wlththeconlLpiatifhvliL0! S6ll6r.t0 " ^ r i h ^ l r a i i i c t K n s - 11- CAMC-Logiudice-003742 REDACTED DOCUMENT Purchase Ag?iemen? X a l i nL v ntf"Plat?d by the st=* European Closing contemplated h ^ S y ! ta"e0Usly with the 13' SmsixalOf ^presentations end w . ~ 1Iir1- all representationsPandSwarranties of 1?^" 13 (b) below- provided for herein or in Seller included or delivered pursuant to this i L r 1 lcate or other document period of t w S " <m SUrvive * shall thereafter expire SicSnt EuroPean Closing and violations t h e r e t o ^ r sTMcifie2 ^ breaches and Companies or their sSIcelsorf3 Sellar by Buyer, the in Sections 4(a), (cT^an^^hf^nf^w*^ warranbaeE contained survive the Cloiing a?e u,n L thls Agreement shall limitation period under es * 1 ^he e*Prration of the limitationsP (oranynextensionsPthCableBtatutes <* expire except with^respect tS b M l h f ana.thereafter shall theretofore specified to s e ? l e i n S S r vlolatins their successors. eller by Buyer, the Companies or 14 Subject of Buyer and it. and hold h a r m l ^ s Bi y 4 r f deie??< indi^ify" and assigns (individuallv a anf *ts successors collectively; the B u v ^ ^ ^ L ^ g r l ^ *Pde1^ > and respect of: -- ^--- Indemnitees) against and in arising^ fr ^ S S o l ' ,resulting or \ S e i l e r to perform or otherwise fulfill s>C faiJ-ure hereunder; Y presentation or warranty of Seller claimi^liabilitie^^emands3' Suits' Proceedings, costs and expenses ^ineinrf-ir/ assessroen^s # judgments, fees,, dXiirreecctcliyy ?re2lait;intgS tSoi nsguciheainsdoenmanbilfeicaatttioornn.eys' ' Subject ^ J a i l e r and Tts Aff l U , . -- hold harmless Seller and Seller's A f f i i ? ^ " d ' 1idffnffy and respective successore; 9e, s iliates, and their i r g e S m t c^ r l' t n L "^^ bd^ n ? t ? f f ^ - 12- CAMC-Logiudice-003743 REDACTED DOCUMENT by Buyer to perform or otherwise fulfill or comniv any provision of this Agreement, or (ii) any Breach any representation or warranty of Buyer hereunde?? claimib)liahn??? all actions, suits, proceedings, Lnl h 1 * les'.demands, assessments, judgments ffeeeess, ddiirreecStilvynr?eel?a\t^inngCltiodinsguchreaisndoenmanbilfeicaatttioorni.Sys' ' , . 16. Linutations on Indamnifinatinno *pvi provisions for indemnity under s e c t i ^ ! 2nd is ohall be S. Kjj* S. e, L e ,^ r W^ueyerrhiLsal?i?arbSleatuendae"rUSnetctiionasU 1^4 Uo^r f15S ? Agreements respectively, Cexceedsn^ * f c S t ?Vr5hase Sap2wevyeSrr,ttthhaattai|n1 nboS eUvaebnlte shfalrl either Buyer or Sel2lexr2 h2o 2 ? " ?n -a"Uni ln the ^aftS* or 15 (added together S i S 2 l l % 2 2 2 2 n 2 r U2 r s2 2 i0nS " h o S 2 " " t h 2 2 o n2 4 i m e?PeCtlVel^ ; farther. 2 2 r ?5 e o i o t i ^ L 81??1^ ^ 6" "ay be "ads under is less t h a n ^ ^ ^ i l f P ly' f th amount of such claim Section -m 1!* Any claim for indemnity under sasasr e a ^ a M ^ d e i a i f ^ ^ ^ in ^ i o 2 2 "?o" eet 2 bhlf ?artleS ("^ i r d 2 r t 2 c i a 2 s ) f h2eunder the 2 S ?is for a clain *r indemnification thereof to the IndemStfv? sh! U .91v6 Prompt written notice t 2 r 2 f en\ " tthe ?at e ^ a2 h ac ! a i 2 ya 2 di h e 2 2 i f pOfartanyymisyu,chbTuhtir^di Piar^trv S e ^ g S ^t e ?r trr^' ^asfssu^mee t^iire Sde1f^en"se9 settlement, a n 2 ? h e a? n L m 2 f y ? n g S 2 t 2 s L 2 p a v " 2 r iSe " 2 2 o n S ? e Cl 2 StSed SiPenSSa ?hereofYanda2 a ? i yb2fully 2l2atio22 2v fhfu^have1^ ? ^ ' **** o S u i ! 2 o? iheP? L i ny-Urtiler costs or expense of legal and Eroyiasa, fiitite/tha? ? 2 n?ndiSni?yingSp a r t 2 2 2 n o t S " .i S S a ^ w - ' - 13- CAMC-Logiudice-003744 REDACTED DOCUMENT Ifdannindemnifyingepartyedoestnot,Swithin^twentyt^20^a^inS' SMe give the Third Partv n a i m e t I assumption of the defense of jo o w o j :;a art:y Claims, the Indemnifying Party shall be tttrttf i?V;,WaiV;d ri*hts to control thedefense Party ciaiii assumes the defense of any Third B E 'F fs 'F "TM sr " " ss*" " ;llltl ^ e aUS f the failur of the Indemnifying & s = r vks/ s k : r *t.nveorroefotff effectedrewsiptehcotutto ita-ney compr_o_m.i.s.e or sett^-lLeeimateirnitt* consent shall not be unreasonably wiSheld) (Which the European *closingf^Selfer^will *execute^and l l l t t TM ^ asluye? s h a l i T ^ ^ d" d , such documents ?o'Buyer " ,,,"ier fha" reasonably request in order to vest more c o n s S ^ I I ^ m ^ e f X c t i v e l i 1^ taansa J*" " r otherwise B5yeSr ^ ? r ^ u ? f aSSeii"e delivered^ " ^ 't S T S S i S T "" "* reasonably request in order to consummate more effectively the transactions contemplated by this AgreeSInt? y preparationCandeexecuti0nnofthistAgreementtandnt ^ ^ at^0nf consummation of the transactions c o S p i S e d hereby. governed bv *andP^ o ? b1 *J * V m This Agreement shall be the State of ln accordance with, the law of orinf?n?f f4 Y i?rk without reference to choice of law and perfo?iai 9 311 Mtt e r s of construction, validity be deeTOed to have been duly given if aaniyynScoorrppoorraattiioonnetthhe2Csti^Vgenatuerresonsshal9livbien9bytheanm o(fifnictehre case of ?rS?i ad deilvered bY hand, or by United States mail and9postage'prepaid:receipt requested, properly l i d d e d - 14- CAMC-Logiudice-003745 REDACTED DOCUMENT If to Seller, to: Cyprus Mines Corporation 9100 Mineral Circle P.0, Box 3299 Englewood, Colorado 80155 Attention: Chief Executive Officer with a copy to: Cyprus Mines Corporation 9100 Mineral Circle P.O. Box 3299 Englewood, Colorado 80155 Attention: General Counsel If to Buyer, to: Talc de Luzenac S.A. c/o Borax Consolidated Limited Borax House Carlisle Place London SWlp i h t Attention: Mr. F. Alan s. Lesser RTZ Corporation PLC 6 St. James's Square London SW1Y 4LD Attention: Charles H.H. Lawton Esq. Sullivan & Cromwell St Olave's House 9a Ironmonger Lane London EC2V 8EY Attention: David M. Kies, Esq. Such names and addresses may be changed by such notice. 22 ssx: stook - 15- CAMC-Logiudice-003746 REDACTED DOCUMENT o*'nflryirbryesapwe23rcit.titveeAmnesnuidcnmcseetnsrtsu-omgre.sntoTrheixsaescsAuigtgrenedse.mbyentthemapyarbteieasmenorded 4. contained I n ' The secti" headings interpretation*!! *1' in.any nly heSreecotfL,,usnJlets^siorthebr^wi^sel rind?icrat2eed'.r e t e i e ^ r S CSie;c=tiironesln to 25 . in one or more sfunterpartf 'andhe L h 9reeT t m y be executed deemed to be an original! * COUnterpart shall be Agreement Stall^ ^ ^ S S ^ ' S T v . y seller and Buyer and their respecuie L S e s ^ rs'end''9 UPn jsa s aff ie - liabilities hereunder to anv Affili**. e~?V r , Seller shall remain fully l L b l e f o r ^ o ^ f i J ? ? ' S long as lisbilitifis hereunder to anv A f f i 1 1a f a _ r _ ia ii^S 5S r= : partv aarees thaf ,,Stf 1C lon to lts fu*-lst extent, each la^d^chlSrty^eiV" by proceeding brought to enforce such restriction. * Borough of M a S a S ^ I h e SE^iT^aS-"* suits, or proceedings arising^ut of o! i a ! g * S i " ' - 16- CAMC-Logiudice-003747 REDACTED DOCUMENT Buyefand COntei"Plated hereby (and proceeding relating thereto^xcent^n^uch actln( suit or further agree that service of an? n^onoeS COUrts)' and or document by u.s. registered mail ??4 saTMons, notice above shall be effective s e r v i c e At address set forth suit or proceeding brought aaainsi- -fr?cess of anY action, Buyer and Seller herebyirrevocably and^n!^ 3 ^ court, waive any objection to the lavi* nd unconditionally suit or proceeding arising out n? ?-Ve?Ue f any action' transactions contImpiatiS h V V L v ^ A g r e e m e n t or the courts as aforesaidPand herebv fur?h3VC? state r federal unconditionally waive and agee n o t t ? leador ii -nd, such court that any such action ZZil plead or ?laim in any in any such court e ^ u V ^ S * & * . European Closinf^slt^orth^n^hiS A m - e ^ ^ 0*-3 t0 the at any time prior to or at Agreement may be waived the party entitled to the benefit*??330 losinS hereunder by any party hereto to enforce a TM T5 \ f ailure of * provisions of this t a e m S t h2n ^ any the be waiver of any such provision ^ o i ^ Way be construed to the validity of this AarVaifiV ' any way to affect right of suih party thereafter to P3rt hereof or s s i s s ^ i s s - J : r v" n r very of l i T S ^ g S T S l S ^ non-compliance? defaults in the^payment *when due 5?rty tQ this A9reement this Agreement (ShSher determined SUI" payable under to an order of a court or- *I!in3d ?y a9teement or pursuant party shall be inc?elsed to ? n ^ ! J! he of such from the date when such nerest on such SU1" of actual paymentat a r S S F S i S*11 dUe unbil the date the maximum lawful rate) of three1111111 0t excess of three-month deposits in f f Percent above the rate for currency of p l a i n t Is a n n o n n ^ V ^ f ^ 1* market in th. 11:00 AtM., London time C;tibank N `A. as of be due. ' n the date when such payment shall - 17- CAMC-Logiudice-003748 REDACTED DOCUMENT --- TM IS P S a: CYPRUg^MINES c o r p o r a t i o n Nanfe: Title: iVt fisZe-7 -*>/- TALC DE LUZENAC S.A. ByName: / Title: Av *'-6<fo-v'-' - 18- CAMC-Logiudice-003749 REDACTED DOCUMENT REDACTED DOCUMENT AMENDMENT TO EUROPEAN STOCK PURCHASE AGREEMENT AMENDMENT dated as of June 1992 to the EUROPEAN STOCK PURCHASE AGREEMENT datid'jine 5, 1992 by and ^ c o r p o r a t i o n , a Delaware corporation , ) and Talc de Luzenac S.A., a company organized under the laws of France ("Buyer"). g WIEREAS, on June 5, the parties entered into the European Stock Purchase Agreement (the "Agreement"); WHEREAS, the parties desire to make certain the pStils? 30968 t0 *** Agreement to cnfirm the intent of NOW t h e r e f o r e , in consideration of the mutual S S y " a g r a f I S iSw s ?1" in the *9reement' * Parties d e l e t e 's p e c i f i e d ^ o r d ^ a n d - (a) On page 1, first WHEREAS clause, line 4 insert "through its wholly owned subsidiary Cyprus Industrial Minerals Corporation, a Delaware corporation ("Cyprus") is the beneficial owner of all outstanding shares of capital stock of" after "and". (b) on page l, first WHEREAS clause, line 6, insert "Mineralien", and", before "together". (c) On page l, third WHEREAS clause, line 4, delete "the Companies" and insert "CIMF" after "of". id) 3' a t *S en<* ?f Section 4(c), insert T^Si-Sha^s of Mlneralien are owned of record and beneficially by Cyprus. Cyprus has good and valid title to the shares of Mineralien, free and clear of any Encumbrances. 2. This Amendment may be executed in one or more counterparts and each counterpart shall be deemed to be <in original. CAMC-Logiudice-003751 REDACTED DOCUMENT atbhoivseaBwreintdtmenL.t ITM Bthe'Atggreeemm4enntiho!nnPtSh!e 1d;aSyhaanVdS ydeualry efi"rs<=t"ted. CYPRUS MINES CORPORATION TALC DE LUZENAC S.A. 2- CAMC-Logiudice-003752