Document:

Exhibit
4.5.8

 

ENVIRONMENTAL COMPLIANCE
AND INDEMNITY AGREEMENT

 

This Environmental Compliance and Indemnity Agreement
(“this Agreement”) is made as of October 29, 2002 and is given pursuant
to that certain Indenture of even date herewith (the “Indenture”) by and
among The Doe Run Resources Corporation, a New York corporation (the “Borrower”),
The Buick Resource Recycling Facility, LLC, a Delaware limited liability
company (“Buick”; Buick and Borrower are each sometimes referred to
herein individually as an “Indemnitor” and collectively as “Indemnitors”)
and State Street Bank and Trust Company, as Trustee, as Collateral Agent (the “Agent”).

 

As used herein:

 

A.         The
term “Buick Property” shall mean the Buick Resources Recycling Facility
and the former Cominco Mill (as more particularly described in Exhibit A
attached hereto), including all buildings and other improvements from time to
time located thereon.

 

B.         The
term “Buick Permits” means those permits and permit applications
described on Schedule I, attached hereto.

 

C.         The
term “Buick RCRA Permit” shall mean that certain hazardous waste
management facility permit effective September 27, 1989, along with the pending
renewal application, as issued, revised or renewed pursuant to applicable state
and federal regulations authorizing Buick to perform certain treatment,
storage, disposal and corrective measures.

 

D.         The
term “Deed of Trust” shall mean the Deed of Trust, Security Agreement,
Fixture Filing and Assignment of Leases and Rents of even date herewith; executed
by Buick in favor of Lisa M. Haines, Trustee and Agent, as Beneficiary.

 

E.          The
term “Environmental Enforcement Action” shall mean all actions, orders,
requirements or liens instituted, threatened in writing, required, imposed or
placed by any government authority and all written demands or claims made or
threatened by any other Person against or with respect to all or any portion of
the Buick Property or any present or past owner or occupant thereof of which
Buick or Doe Run is notified, arising out of or in connection with the alleged
violation of any of the Environmental Laws, any environmental condition, or the
assessment, monitoring, clean-up, containment, remediation or removal of, or
damages caused or alleged to be caused by, any Hazardous Materials (i) located
on or under all or any portion of the Property, (ii) emanating from any portion
of the Property or (iii) generated, stored, transported, utilized, disposed,
managed or released by an Indemnitor on or from any portion of the Property.  Notwithstanding the foregoing, such term
shall not include any written or oral communications in connection with any
permit or permit application not involving an alleged violation of such permit
or Environmental Laws.

 

F.          The
term “Environmental Laws” shall mean all applicable federal, state and
local laws, rules, regulations, ordinances, consent decrees, permits (including
the Buick RCRA permit) and permit applications currently pending and other
enforceable requirements relating to: 
(a) releases or threatened releases of Hazardous Materials, (b)
pollution or protection of public health or the environment or (c) the
manufacture, handling, transport, use, treatment, storage, or

 

 

disposal of Hazardous Materials; but taking into account any applicable
exception for high volume low toxicity wastes.

 

G.         The
term “Environmental Report” shall mean the written product of an
Environmental Assessment described in Section 4.3.

 

H.         The
terms “generated”, “stored”, “transported”, “utilized”,
“disposed”, “managed”, “released” and “threat of
releases”, and all conjugates thereof, shall have the meanings and
definitions and exceptions as set forth in the Environmental Laws.

 

I.          The term “Governmental Authority” shall mean any
nation or government, any state or other political subdivision thereof, and any
agency, department or other entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government.

 

J.          The term “Hazardous Materials” shall mean any
pollutant, contaminant, petroleum or any fraction thereof, hazardous, toxic or
dangerous waste, substance or material defined as such under any Environmental
Laws, taking into account any applicable exceptions.

 

K.         The
term “Indemnified Party” shall mean:  
(i) each Lender, the Agent and each of the Holders’ and the Agent’s
directors, officers, employees, agents, attorneys, consultants and Affiliates;
and (ii) any subsequent owner of all or any portion of the Property following
the exercise by Agent of its rights under any of the Collateral Documents
including, but not limited to, a foreclosure sale or acceptance of a deed in
lieu thereof.

 

L.          The
term “knowledge” means the actual knowledge without due inquiry of the
senior officers of the Indemnitors, which senior officers include any Chief
Executive Officer, Chief Financial Officer, Chief Operating Officer, General
Manager or any Vice President, or persons serving in such capacities from time
to time.

 

M.        The
term “Mortgaged Property” shall have the meaning ascribed to such term
in the Deed of Trust.

 

N.         The
term “Property” shall mean all of the real property owned by Buick from
time to time and including the Mortgaged Property.

 

O.         The
term “Surrounding Property” shall mean any real property (other than
mineral rights) located within one-half mile of the perimeter of any portion of
the Property.

 

P.          All
capitalized terms used in this Agreement which are not otherwise specifically
defined herein shall have the respective meanings ascribed to such terms in the
Indenture.

 

FOR VALUE RECEIVED, and in order to induce Holders to
purchase the Securities, Indemnitors hereby jointly and severally represent,
warrant and unconditionally agree as follows:

 

1.        Warranties and
Representations.  Indemnitors
jointly and severally represent and warrant to Agent and the Holders, the same
to be true as of the date hereof and throughout the

 

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period that the Indenture shall remain in force and effect, that except
as specifically disclosed in Schedule II attached hereto:

 

1.1.          No Hazardous
Materials at Property.  To
Indemnitors’ knowledge, and except as used in the ordinary course of
Indemnitors business in material compliance with all applicable Environmental
Laws, no Hazardous Materials have been or are currently generated or stored,
transported, utilized, disposed of, released, including, without limitation,
from any septic, sewage or other waste disposal systems servicing any portion
of the Property, or located on, under or from any portion of the Buick
Property, or in any manner introduced onto any portion of the Property;

 

1.2.          No Violations Claimed
re Property or Indenmitors.  Except
for any written notices with respect to which appropriate corrective actions
have been taken, Indemnitors have not received any written notice from any
Governmental Authority claiming (i) that any of the Buick Property or any use
thereof violates, in any material respect, any of the applicable Environmental
Laws or (ii) that Indemnitors or any of Indemnitors’ employees, invitees,
lessees, licensees or agents have violated, in any material respect, any of the
applicable Environmental Laws with respect to any portion of the Buick Property
or any Surrounding Property;

 

1.3.          No Liability to
Governmental Authorities.  With
respect to the Buick Property, Indemnitors have not incurred any liability to
any Governmental Authority under any of the applicable Environmental Laws,
except as set forth in the relevant Buick Permits;

 

1.4.          No Lien on Property.  No lien against any portion of the Buick
Property has arisen under or related to any of the Environmental Laws, except
as shown in the Buick Permits;

 

1.5.          No Enforcement
Actions.  There are no Environmental
Enforcement Actions pending with respect to any portion of the Buick Property,
or to the best of Indemnitors’ knowledge, threatened;

 

1.6.          No Knowledge of
Violations re Surrounding Property. 
With respect to the Buick Property, and except as shown in the Buick
Permits, Indemnitors have no knowledge of any action or order instituted or
threatened by any Person or Governmental Authority rising out of or in
connection with the Environmental Laws involving the assessment, monitoring,
clean-up, containment, remediation or removal of or damages caused or alleged
to be caused by any Hazardous Materials emanating or migrating, or threatening
to emanate or migrate, from the Property to the Surrounding Property.

 

2.        Compliance with
Environmental Laws.

 

2.1.          Compliance.  As long as any Obligation with respect to
the Indenture remains outstanding, Indemnitors will comply in all material
respects with all applicable Environmental Laws applicable to any portion of
the Property, and Indemnitors will take all remedial action necessary to avoid
any liability of Indemnitors, Agent, Holders or any subsequent owner of all or
any portion of the Property and to avoid the imposition of, or

 

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to discharge, any liens on all or any portion of the
Property, as a result of any failure to comply with any applicable
Environmental Laws applicable to all or any portion of the Property.

 

2.2.          Prohibitions.  Without limitation of the generality of the
foregoing, Indemnitors agree that they shall not:

 

(a)                                  except
in material compliance with all applicable Environmental Laws (including as
permitted by the Buick Permits), release or permit any release or threat of
release of any Hazardous Materials on any portion of the Property;

 

(b)                                 except
in material compliance with all applicable Environmental Laws (including as permitted
by the Buick Permits), generate or permit any Hazardous Materials to be
generated on any portion of the Property;

 

(c)                                  except
in material compliance with all applicable Environmental Laws (including as
permitted by the Buick Permits), store or utilize or permit any Hazardous
Materials to be stored or utilized on any portion of the Property;

 

(d)                                 except
in material compliance with all applicable Environmental Laws (including as
permitted by the Buick Permits), dispose of or permit any Hazardous Materials
to be disposed of on any portion of the Property;

 

(e)                                  fail
to operate, maintain, repair or use all or any portion of the Property in
material compliance with applicable Environmental Laws (including as permitted
by the Buick Permits); or

 

(f)                                    allow,
permit or suffer any other Person to operate, maintain, repair or use all or
any portion of the Property except in material compliance with all applicable
Environmental Laws (including as permitted by the Buick Permits).

 

3.        Notice of Conditions.  As promptly as reasonably possible, but in
no event later than ten (10) Business Days after Indemnitors obtain knowledge
thereof, Indemnitors will provide to the Agent written notice of any of the
following conditions:  (i) the presence,
release or threat of release of any Hazardous Materials on, under or from any
portion of the Mortgaged Property, whether or not caused by Indemnitors that
may constitute a material violation of any of the applicable Environmental
Laws; (ii) any Environmental Enforcement Action instituted or threatened with
respect to the Mortgaged Property; or (iii) any condition or occurrence on all
or any portion of the Mortgaged Property that may constitute a material
violation of any of the applicable Environmental Laws.

 

4.        Indemnitors’ Agreement
to take Remedial Actions.

 

4.1.          Remedial Actions.  Upon an Indemnitor becoming aware of the
violation of any applicable Environmental Laws related to all or any portion of
the Property or the presence or any release or any threat of release of any
Hazardous Materials on, under or

 

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from all or any portion of the Property in violation
of any applicable Environmental Laws, Indemnitors shall, subject to the rights
to contest set forth in Section 7 below, promptly take all actions
reasonably necessary to cure or eliminate any such violation of any such
applicable Environmental Laws and, where applicable, to arrange for such
assessment, monitoring, clean-up, containment, removal, remediation or
restoration of each portion of the Property and (if applicable and only to the
extent that Indemnitors have the legal obligation to do so) the Surrounding
Property as are required pursuant to any applicable Environmental Laws.

 

4.2.          Security for Costs.  If the potential costs associated with the
actions required in Section 4.1, the release of any unpermitted lien against
all or any portion of the Property and/or the release or other satisfaction of
the liability, if any, of Indemnitors with respect to all or any portion of the
Property arising under or related to any of the applicable Environmental Laws
or any Environmental Enforcement Action are determined by Agent, in good faith,
to exceed $1,000,000.00, Agent shall have the right (in addition to any other
right or remedy) to require Indemnitors to provide, and Indemnitors shall
provide within thirty (30) days after written request therefor, a bond, letter
of credit or other similar financial assurance, in form, amount and substance
reasonably satisfactory to Agent, in its good faith judgment based on the
reasonably estimated costs for such matter, evidencing to Agent’s reasonable
satisfaction that the necessary financial resources will be unconditionally
available to pay for all of the foregoing.

 

4.3.          Environmental Assessments.  Without limitation of the provisions of
Section 5 below, Agent shall have the right to require Indemnitors, at
Indemnitors’ own cost and expense, to obtain a professional environmental
assessment of each portion of the Mortgaged Property in accordance with Agent’s
then standard environmental assessment requirements and sufficient in scope to
comply with the requirements of Section 5.1 upon the occurrence of an Event of
Default.

 

5.        Agent’s Rights to Inspect
the Property and Take Remedial Actions.

 

5.1.          Assessments.  In addition to, and not in limitation of any
of its other rights and remedies under this Agreement, as long as any
Obligation with respect to the Indenture remains outstanding, so long as any
Event of Default has occurred and is continuing, Agent shall have the right,
but not the obligation, through such representatives or independent contractors
as it may designate, to enter upon the Mortgaged Property or any of same and to
expend funds (provided, however, Agent shall use reasonable efforts to minimize
(a) any disruption to Indemnitors’ business operations at the Mortgaged
Property, and (b) all costs associated with each such assessment) to cause one
or more environmental assessments of all or any portion of the Mortgaged
Property to be undertaken, if Agent in its reasonable and good faith discretion
at any reasonable time and upon reasonable notice to Indemnitors, and from time
to time at reasonable intervals and upon reasonable notice to Indemnitors,
determines that Hazardous Materials may exist at the Mortgaged Property in
amounts or under circumstances that could give rise to a material liability
under applicable Environmental Laws, which determination may be based on
regulatory requirements and/or internal

 

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guidelines now or hereafter affecting Agent or any
Lender.  Such environmental assessments
may include, without limitation, (i) detailed visual inspections of any or all
of the Mortgaged Property, including, without limitation, all storage
areas, storage tanks, drains, drywells and leaching areas; (ii) the taking of
soil samples and surface and sub­surface water samples; (iii) the performance
of soils and ground water analyses; and (iv) the performance of such other
investigations or analyses as are necessary or appropriate and consistent with
sound professional environmental engineering practice in order for Agent to
obtain a complete assessment of the compliance of any or all of the Mortgaged
Property and the use thereof with all Environmental Laws and to make a
determination as to whether or not there is any risk of contamination (x) to
any of the Mortgaged Property resulting from Hazardous Materials originating
on, under or from any Surrounding Property or (y) with respect to the Mortgaged
Property to any Surrounding Property resulting from Hazardous Materials
originating on, under or from any portion of the Mortgaged Property.

 

5.2.          Other Rights of Agent.  In addition to, and not in limitation of any
of its other rights and remedies under this Agreement or any of the other
Collateral Documents, the Securities or the Indenture, upon the occurrence of
any Event of Default, Agent shall have the right, but not the obligation,
through such representatives or independent contractors as it may designate, to
enter upon any or all of the Mortgaged Property and to expend funds (provided,
however, Agent shall use reasonable efforts to minimize (a) any disruption to
Indemnitors’ business operations at the Mortgaged Property, and (b) all costs associated
with each such assessment) to:

 

5.2.1. Cure.  Cure any breach of the representations,
warranties, covenants and conditions made by or imposed upon Indemnitors under
this Agreement, including, without limitation, any violation by Indemnitors or
by any of the Mortgaged Property of any of the Environmental Laws applicable to
any of the Mortgaged Property;

 

5.2.2. Prevention and Precaution.  Take all actions as are reasonably necessary
to (i) prevent the migration of Hazardous Materials on, under or from any of
the Mortgaged Property to any other property; (ii) clean up, contain, remediate
or remove any Hazardous Materials on, under or from any other property, which
Hazardous Materials originated on, under or from any of the Mortgaged Property;
or (iii) (to the extent there is a legal right so to do) prevent the migration
of any Hazardous Materials on, under or from any other property to any of the
Mortgaged Property;

 

5.2.3. Environmental Enforcement
Actions.  Comply with, settle or
otherwise satisfy any Environmental Enforcement Action, including, but not
limited to, the payment of any fines or penalties imposed by any governmental
authority and the payment of all amounts required to remove any lien or threat
of lien on or affecting any of the Mortgaged Property; and

 

5.2.4. General.  Comply with or otherwise satisfy any
Environmental Law and correct or abate any environmental condition on, or which
threatens, any

 

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of the Mortgaged Property and which could cause damage
or injury to any of the Mortgaged Property or, with respect to the Mortgaged
Property, to the Surrounding Property or to any Person.

 

5.3.          Recovery of Costs.  Any amounts paid or advanced by Agent and
all costs and expenditures incurred in connection with any action taken
pursuant to the terms of this Agreement, including but not limited to
environmental consultants, and experts’ fees and expenses, reasonable
attorneys’ fees and expenses, court costs and all costs of assessment, monitoring,
clean-up, containment, remediation, removal and restoration, with interest
thereon at the default rate provided for in the Securities, shall be a joint
and several demand obligation of Indemnitors to Agent, shall be added to the
obligations secured by the Securities and shall be secured by the lien of the
Deed of Trust as fully and as effectively and with the same priority as every
other obligation secured thereby.

 

5.4.          Agent and Holders Not
Responsible.  The exercise by Agent
and/or Holders of any one or more of the rights and remedies set forth in this
Section 5 shall not operate or be deemed (a) to place upon Agent any
responsibility for the operation, control, care, service, management,
maintenance or repair of any of the Property or (b) to make Agent the “owner”
or “operator” of any of the Property or a “responsible party” within the
meaning of any of the Environmental Laws.

 

5.5.          Agent’s Subrogation.  Furthermore, Agent by making any such
payment or incurring any such costs shall be subrogated to all rights of
Indemnitors or any other occupant of any of the Property to seek reimbursement
from any other Person including, without limitation, any predecessor owner or
occupant of any of the Property who may be a “responsible party” under any of
the Environmental Laws in connection with the presence of Hazardous Materials
on or under or which emanated from any of the Property.

 

5.6.          Agent May Stop.  Without limiting the generality of the other
provisions of this Agreement, any partial exercise by Agent of any one or more
of the rights and remedies set forth in this Section 5 including, without
limitation, any partial undertaking on the part of Agent to cure any failure of
Indemnitors or of any of the Mortgaged Property, or of any other occupant,
prior occupant or prior owner thereof, to comply with any of the Environmental
Laws shall not obligate Agent to complete such actions taken or require Agent
to expend further sums to cure such non-compliance.

 

6.        Indemnification by
Indemnitors.  Indemnitors hereby agree
that at all times, both before and after the repayment and discharge of the
Obligations with respect to the Indenture, Indemnitors shall at their sole cost
and expense, severally for the period prior to the transfer of
the Buick Property to Borrower, and following such transfer, jointly and
severally (and subject to their right of contribution against any of their
predecessors or former owners or operators of the Buick Property or the
Surrounding Property), indemnify, defend, exonerate, protect and save harmless
each Indemnified Party against and from any and all damages, losses,
liabilities, obligations, penalties, claims, litigation, demands, defenses,
judgments, suits, proceedings, costs, disbursements and expenses of any kind or
nature whatsoever, including, without limitation,

 

7

 

reasonable attorneys’ and experts’ fees and disbursements, which may at
any time be imposed upon, incurred by or asserted or awarded against any
Indemnified Party arising from or out of:

 

6.1.          Hazardous Materials.  Any Hazardous Materials on, in, under or
affecting all or any portion of the Property or emanating or migrating, or
threatening to emanate or migrate, from the Property to the Surrounding
Property on or before the date hereof, or which may hereafter affect all or any
portion of the Property or any Surrounding Property, whenever discovered and
whether or not disclosed in the Environmental Reports and whether or not now
known to Indemnitors and/or Agent;

 

6.2.          Environmental Laws.  The violation of any applicable
Environmental Law by an Indemnitor or with respect to any of the Property or
any Surrounding Property (but, as to Surrounding Property, only to the extent
that any Hazardous Materials on such Surrounding Property have migrated to any
of the Property or constitute a threat of release at any of the Property)
existing on or before the date hereof or which may so exist in the future,
whenever discovered and whether or not disclosed in the Environmental Reports;

 

6.3.          Breach of Warranty,
Representation or Covenant.  Any
breach of warranty or representation or covenant made by an Indemnitor under or
pursuant to this Agreement; and/or

 

6.4.          General.  The enforcement of this Agreement, whether
any of such matters arise before or after foreclosure of the Deed of Trust or
other taking of title to or possession of all or any portion of the Mortgaged
Property by Agent or by any other Indemnified Party, and specifically including
therein, without limitation, the following: 
(i) reasonable costs incurred for any of the matters set forth in
Section 5 of this Agreement; and (ii) reasonable costs and expenses incurred in
ascertaining the existence or extent of any asserted violation of any
applicable Environmental Laws relating to any of the Mortgaged Property and any
remedial action reasonably taken on account thereof including, without
limitation, the reasonable costs, fees and expenses of engineers, geologists,
chemists, other scientists, attorneys, surveyors, and other professionals, or
testing and analyses performed in connection therewith.

 

Notwithstanding the foregoing, the indemnity contained in this Section
6 expressly excludes any loss, liability, damage or expense resulting from a
release of Hazardous Materials if both of the following criteria are met:  (i) the circumstances giving rise to such
loss, liability, damage or expense occur only after foreclosure of the Deed of
Trust or acceptance by Agent of a deed in lieu of foreclosure of the Deed of
Trust or following and during the continuance of entry by Agent as a
mortgagee-in-possession with respect to the Mortgaged Property and (ii) the
circumstances giving rise to such loss, liability damage or expense do not
result in any manner from actions taken or circumstances existing on any of the
Mortgaged Property prior to such foreclosure, acceptance of a deed in lieu or
entry, other than any such action taken by Agent, its agents or employees which
constitutes negligence or willful misconduct.

 

7.        No Waiver.  In addition, nothing herein shall be deemed
to be a waiver of any right of contribution or offset with respect to any prior
owner or operator of the Buick Property

 

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or the Surrounding Property that either or both of the Indemnitors may
now or hereafter be able to assert.  In
addition, any liability or property insurance proceeds from any insurance
policy (or expired insurance policy) of the Indemnitors, or their predecessors
in interest, or a third party, that may now or hereafter be available to the
Indemnitors may be used by such Indemnitors to comply with their obligations
hereunder.

 

8.        Right to Contest.  Indemnitors may contest in good faith any
claim, demand, levy or assessment under any Environmental Laws, including, but
not limited to, any claim with respect to Hazardous Materials, by any Person,
but only if and for so long as:

 

8.1.          Material Question in
Good Faith.  The contest is based
upon a material question of law or fact raised by Indemnitors in good faith;
and

 

8.2.          Diligent Pursuit.  Indemnitors properly commence and thereafter
diligently pursues the contest to completion; and

 

8.3.          No Impairment.  The contest will not materially impair the
taking of any remedial action with respect to such claim, demand, levy or
assessment required to protect against further damage to any of the Property or
the Surrounding Property; and

 

8.4.          Adequate Resources.  Indemnitors demonstrate to Agent’s
reasonable satisfaction that Indemnitors have the financial capability to
undertake and pay for such contest and any remedial action then or thereafter
necessary; and

 

8.5.          No Event of Default.  No Event of Default exists under the
Indenture or any of the Collateral Documents.

 

9.        Waivers.  Indemnitors hereby waive and relinquish to
the fullest extent now or hereafter not prohibited by applicable law:

 

9.1.          Marshalling.  Any right or claim of right to cause a
marshalling of Indemnitors’ assets or of any security or to cause Agent to
proceed against any of the collateral for the obligations secured by the Deed
of Trust before proceeding under this Agreement against Indemnitors; and

 

9.2.          Notice.  Notice of the acceptance hereof,
presentment, demand for payment, protest, notice of protest, and any and all
notices of nonpayment, nonperformance, nonobservance or default.

 

10.       Cumulative Rights.  Agent’s rights under this Agreement shall be
in addition to and not in limitation of all of the rights and remedies of
Agent under the Indenture and the other Collateral Documents.  All rights and remedies of Agent shall be
cumulative and may be exercised in such manner and combination as Agent may
determine.

 

11.       No Impairment.  The liability of Indemnitors hereunder,
unless applicable law otherwise so requires, shall in no way be limited or
impaired by:

 

9

 

11.1.        Extensions.  Any extension of time for performance
required by any of the Collateral Documents or the Indenture;

 

11.2.        Amendments.  Any amendment to or modification of any of
the Collateral Documents or the Indenture;

 

11.3.        Transfer.  Any sale or assignment of any of the
Securities or any interest therein or any sale or transfer of all or any part
of the Property or any interest therein;

 

11.4.        Exculpatory Language.  Any exculpatory or nonrecourse or limited
recourse provision in the Indenture, the Collateral Documents or the Securities
limiting Agent’s recourse to any property or limiting Agent’s rights to a
deficiency judgment against an Indemnitor or any other party;

 

11.5.        Inaccuracies.  The accuracy or inaccuracy of any of the
representations or warranties made by or on behalf of Indemnitors under the
Indenture or the Collateral Documents or otherwise;

 

11.6.        Release.  The release of an Indemnitor or of any other
Person from performance or observance of any of the agreements, covenants,
terms of conditions contained in the Indenture or any of the Collateral
Documents (other than this Agreement), by operation of law, Agent’s voluntary
act, or otherwise;

 

11.7.        Substitution.  The release or substitution in whole or in
part of any collateral or security for any obligations described in the
Indenture or any of the Collateral Documents;

 

11.8.        Failure to Perfect.  Agent’s failure to record the Deed of Trust
or to file any UCC financing statements (or Agent’s improper recording or
filing of any thereof or failure to continue same) or to otherwise perfect,
protect, secure or insure any security interest or lien given as security for
any of the obligations described in the Indenture or any of the Collateral
Documents; and

 

11.9.        Invalidity.  The invalidity or unenforceability of all or
any portion of the Indenture or any of the Collateral Documents (other than
this Agreement) as to an Indemnitor or as to any other Person.

 

12.       Delay Not Waiver.  No delay on Agent’s or Lender’s part in
exercising any right, power or privilege hereunder or under the Indenture or
any of the Collateral Documents shall operate as a waiver of any such
privilege, power or right.  No waiver by
Agent in any instance shall constitute a waiver in any other instance.

 

13.       Multiple Counterparts.  This Agreement may be executed in one or
more counterparts, each of which shall be deemed an original.  Each of the counterparts shall constitute
but one in the same instrument and shall be binding upon each of the parties
individually as fully and completely as if all had signed but one instrument.

 

10

 

14.       Notices.  Any notice or other communication in
connection with this Agreement shall be in writing and shall be given in the
manner and to the respective addresses provided for in the Indenture.

 

15.       No Oral Change.  No provision of this Agreement may be
changed, waived, discharged or terminated orally, by telephone or by any other
means except by an instrument in writing signed by the party against whom
enforcement of the change, waiver or discharge or termination is sought.

 

16.       Parties Bound Benefit.  This Agreement shall be binding upon
Indemnitors, their successors and assigns and shall be for the benefit of Agent
and Holders.

 

17.       Partial Invalidity.  Each of the provisions hereof shall be
enforceable against Indemnitors (jointly and severally) to the fullest extent
now or hereafter permitted by law.  The
invalidity or unenforceability of any provision hereof shall not limit the
validity or enforceability of each other provision hereof, nor shall any
invalidity or unenforceability as against any one Person limit validity or
enforceability as against any other Person.

 

18.       Governing Law.  This Agreement shall be governed by and
shall be construed and enforced in accordance with the internal laws of The
Commonwealth of Massachusetts, without regard to conflicts of laws principles,
except to the extent the laws of another jurisdiction necessarily applies
because a portion of the Property is located in such jurisdiction.

 

19.       Survival.  The provisions of this Agreement shall
continue in effect and shall survive (among other events) any payment and
satisfaction of the obligations now or hereafter existing under the Credit
Documents, any termination or discharge of the Deed of Trust, foreclosure, a
deed-in-lieu transaction, or release of any collateral.

 

20.       Joint and Several
Liability.  Notwithstanding anything
to the contrary in this Agreement, Indenmitors shall be jointly and severally
liable for the performance of all the provisions, covenants and obligations on
the part of the Indemnitors contained in this Agreement.

 

(Signature Page Follows)

 

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Indemnitors have duly signed and delivered this Agreement as of the
date first above written.

 

 

	
   

  	
  THE DOE RUN
  RESOURCES

  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ M.K.
  Kaiser

  	
   

  
	
   

  	
  Title:  Executive Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BUICK
  RESOURCE RECYCLING

  FACILITY, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ M.K.
  Kaiser

  	
   

  
	
   

  	
  Title:  CFO

  
						

 

12

 

EXHIBIT A

 

Buick Resources Recycling
Facility and Former Cominco Mill

 

[Attach Property
Description — See Title Insurance Commitment Parcels 1,2,3 and 71A]

 

 

	
   

  	
   

  	
  Commitment No.: #97762

  
	
   

  	
   

  	
   

  
	
  SCHEDULE C

  	
   

  	
  Owner’s Policy
  No.:
                       

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Loan Policy
  No.: 
                           

  

 

 

The land referred to in this commitment/policy is situated in the State
of Missouri, County of Iron and is described as follows:

 

IRON
COUNTY LAND, PARCELS 1-75

 

BUICK
RECYCLING PLANT:

 

PARCEL
1:

A tract of land being part of Section 14, Township 34 North, Range 2
West of the Fifth Principal Meridian, Iron County, Missouri, described as
follows:  Begin at the Southwest corner
of Section 14, Township 34 North, Range 2 West found marked by a concrete
post; then along and with the south line of Section 14;

 

THENCE South 88 degrees 48 minutes 56 seconds East for a distance of
1245.44 feet to a point on the centerline of the main tract of the Burlington
Railroad; then along and with said centerline;

 

THENCE along a curve to the right having a radius of 1432.69 feet and
an arc length of 216.01 feet, being subtended by a chord of North 26 degrees 26
minutes 13 seconds East for a distance of 215.80 feet to a point of tangent;

 

THENCE North 30 degrees 45 minutes 22 seconds East for a distance of
2965.44 feet to a spike, then leaving said railroad;

 

THENCE North 52 degrees 59 minutes 42 seconds West for a distance of
221.49 feet to a rebar pin;

 

THENCE North 00 degrees 38 minutes 24 seconds West for a distance of
652.48 feet to a rebar pin;

 

THENCE North 52 degrees 21 minutes 16 seconds West for a distance of
198.44 feet to a rebar pin;

 

THENCE North 88 degrees 15 minutes 03 seconds West for a distance of
508.27 feet to an iron rod;

 

THENCE North 89 degrees 22 minutes 47 seconds West for a distance of
336.15 feet to an iron rod;

 

THENCE North 00 degrees 01 minutes 11 seconds West for a distance of
334.23 feet to an iron rod;

 

THENCE North 89 degrees 39 minutes 52 seconds West for a distance of
1678.39 feet to an iron post found marking the northwest corner of the
Southwest Quarter of the Northwest Quarter of Section 14, then along and with
the west line of said section;

 

THENCE South 00 degrees 05 minutes 21 seconds East for a distance of
3986.02 feet to the point of beginning. 
Said property contains 198.24 acres, more or less.

 

 

Rider attached to and forming a part of policy or commitment number:
                              

Continuation of SCHEDULE
                            

 

PARCEL 2:

ALSO, a tract of land being part of the South half of the Southwest
Quarter of the Northeast Quarter of Section 14, Township 34 North, Range 2 West
of the Fifth Principal Meridian, Iron County, Missouri, as described a follows:

 

Commence at a rebar pin set for the Northeast corner of the South Half
of the Southwest Quarter of the Northeast Quarter of Section 14, Township 34
North, Range 2 West;

 

THENCE North 88 degrees 39 minutes 08 seconds West for a distance of
550.77 feet to a rebar pin;

 

THENCE South 05 degrees 21 minutes 09 seconds West for a distance of
102.14 feet to a 6” metal pipe set in concrete, being the TRUE POINT OF
BEGINNING of the tract of land herein described;

 

THENCE South 81 degrees 34 minutes 48 seconds West for a distance of
146.39 feet to a rebar pin found set with metal cap;

 

THENCE South 08 degrees 34 minutes 12 seconds West for a distance of
164.63 feet to a rebar pin found set with metal cap;

 

THENCE South 42 degrees 24 minutes 51 seconds West for a distance of
360.71 feet to a rebar pin;

 

THENCE South 87 degrees 29 minutes 25 seconds East for a distance of
611.24 feet to a rebar pin;

 

THENCE North 40 degrees 26 minutes 19 seconds East for a distance of
204.53 feet to a rebar pin;

 

THENCE North 01 degrees 34 minutes 04 seconds West for a distance of
250.18 feet to a rebar pin;

 

THENCE North 84 degrees 17 minutes 51 seconds West for a distance of
223.31 feet to a 3” metal pipe set in concrete;

 

THENCE North 64 degrees 06 minutes 03 seconds West for a distance of
112.97 feet to the point of beginning.

 

Said property contains 5.46 acres, more or less.

 

PARCEL
3:

ALSO, a tract of land being part of Section 14, Township 34 North,
Range 2 West of the Fifth Principal Meridian, Iron County, Missouri, as
described as follows:

 

Begin at a rebar pin set on the north line of the Southwest Quarter of
the Northeast Quarter of Section 14, Township 34 North, Range 2 West that is
407.30 feet North 88° 37’ 08” West from a drill steel pin found marking the
northeast corner of said quarter-quarter section; thence South 23° 40’ 36” West
257.26 feet to a 6” metal pipe set in concrete for a fence corner; thence South
05° 21’ 09” West 527.16 feet to a 6” metal pipe set in concrete for a fence
corner; thence leaving said fence South 81° 34’ 48” West 146.39 feet to a 5/8”
rebar pin with aluminum cap set in a rockpile; thence South 08° 34’ 12’ West
164.63 feet to a 5/8” rebar with aluminum cap set flush with the ground; thence
South 42° 24’ 51” West 400.50 feet to a 3” metal pipe set in concrete for a
fence corner; thence North 82° 46’ 23” West 96.13 feet to a 6” metal pipe set
in concrete for a fence corner; thence leaving said fenceline South 38° 01’ 23”
West 623.09 feet to a 1/2” rebar pin set on the centerline of the main track of
the Burlington Northern Railroad Company; thence along and with said centerline
North 30° 45’ 22” East 621.83 feet to a spike set in a railroad tie; thence
leaving said centerline North 52° 59’ 42” West 221.49 feet to 1/2” rebar pin
found set;

 

2

 

Rider attached to and forming a part of policy or commitment number:
                              

Continuation of SCHEDULE
                            

 

thence North 00° 38’ 24” West 652.48 feet to a 1/2” rebar found set;
thence North 52° 21’ 16” West 198.44 feet to a 1/2” rebar found set; thence
North 88° 15’ 03” West 508.27 feet to a 1” iron rod found set; thence North 89°
22’ 47” West 336.15 feet to a 1” iron rod found set; thence North 00° 01’ 11”
West 334.23 feet to a 1” iron rod found set; thence South 86° 59’ 21” East
1013.21 feet to a 1/2” rebar set for the northwest corner of the Southwest
Quarter of the Northeast Quarter of Section 14; thence along and with the north
line of said quarter-quarter section South 88° 37’ 07” East 927.18 feet to the
point of beginning, containing 28.17 acres, more or less.

 

EXCEPTING any portion of the above described land that lies within the
right-of-way of Highway “KK”.

 

CASTEEL
MINE

 

PARCEL
4:

All of the Northwest Quarter of the Northeast Quarter of Section Eleven
(11), Township Thirty-four (34) North, Range Two (2) West, containing 40 acres,
more or less.

 

PARCEL
5:

Beginning at the central point of the Northeast Quarter of Section
Eleven (11), Township Thirty-four (34) North, Range Two (2) West, running
thence East 10 rods; thence South 16 rods; thence West 20 rods; thence North 16
rods; thence East 10 rods, to the point of beginning, containing 2 acres.

 

PARCEL
6:

All that part of the East Half of the Northeast Quarter of Section
Eleven (11), Township Thirty-four (34) North, Range Two (2) West, more
particularly described as follows:

 

Beginning at the Concrete Monument 1968 - L.S. 1114 at the Northeast
corner of said Section 11; thence South 1° 18’ 47” East along the East line of
said Section 11 a distance of 806.94 feet to a point on the north right-of-way
line of Missouri State Highway 32; thence along said north right-of-way line as
follows:  on the arc of a curve to the
right which has a chord bearing South 45° 23’ 41” West 180.42 feet to a point;
on the arc of a curve to the right, which has a chord bearing South 45° 33’ 49”
West 176.11 feet, to a point; on the arc of a curve to the right, which has a
chord bearing South 48° 05’ 19” West 35.44 feet, to a point; on the arc of a
curve to the right, which has a chord bearing South 59° 05’ 04” West 203.69
feet, to a point; and thence South 63° 48’ 54” West 783.26 feet to a point;
thence departing from said North right-of-way line North 1° 28’ 42” East 245.50
feet to an iron pin on the south line of the Northeast Quarter of the Northeast
Quarter of said Section 11; thence North 88° 31’ 18” West along said South line
of said Northeast Quarter of the Northeast Quarter, a distance of 165.00 feet
to an iron pin at the Southwest corner thereof; thence North 1° 07’ 22” West
along the west line of said Northeast Quarter of the Northeast Quarter a
distance of 1319.25 fee to a BLM Monument at the Northwest corner thereof; and
thence South 88° 21’ 22” East along the North line of said Northeast Quarter of
the Northeast Quarter a distance of 1324.72 feet to the point of beginning,
containing 37 acres, more or less.

 

3

 

Rider attached to and forming a part of policy or commitment number:
                              

Continuation of SCHEDULE
                            

 

MINE #28 AND CENTRAL SHOPS:

PARCEL 7:

All of the Northwest Quarter of the Northeast Quarter and the Northeast
Quarter of the Northwest Quarter of Thirty-five (35), Township Thirty-five (35)
North, Range Two (2) West, containing 80 acres, more or less EXCEPTING 8.33
acres in the Northwest Quarter of the Northeast Quarter and

 

4

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

ADDITIONAL
LAND SURROUNDING BUICK SMELTER

PARCEL 71-A

 

I.  TRACT ONE.

 

Part of the Southeast Quarter of the Northwest Quarter
and part of the Northeast Quarter of the Southwest Quarter of Section 11,
Township 34 North, Range 2 West in Iron County, Missouri, described as
follows:  Beginning at the center of
said Section 11; thence North 0 degrees 56 minutes 24 seconds West 191.80 feet
along the East line of said Southeast Quarter of the Northwest Quarter of
Section 11; thence North 88 degrees 45 minutes West 350.00 feet; thence South 0
degrees 56 minutes 24 seconds East 457.98 feet to the North right of way of
Missouri State Highway No. 32; thence North 73 degrees 55 minutes 25 seconds
East 362.31 feet along said right of way of Missouri State Highway No. 32 to
the East line of said Northeast Quarter of the Southwest Quarter of Section 11;
thence North 0 degrees 56 minutes 24 seconds East 158.20 feet along said East
line of the Northeast Quarter of the Southwest Quarter of Section 11 to the
point of beginning, containing 3.24 acres, more or less.

 

Subject to mineral reservations contained in Deeds recorded in Book 330
page 773 and Book 330 page 775, Iron County land records.

 

TRACT
TWO -A.

 

THE SURFACE RIGHTS ONLY to a tract of land being part
of the South half of Section 10, and part of the Southwest quarter of
Section 11, Township 34 North, Range 2 West of the Fifth Principal Meridian,
Iron County, Missouri, described as follows:

 

Begin at a concrete monument found marking the Section
Corner common to Sections 10, 11, 14 and 15, Township 34 North, Range 2
West, then along and with the South line of Section 10;

 

Thence North 89° 21’ 15” West for a distance of
3907.07 feet to the Southwest corner of the Southeast quarter of the Southwest
quarter of Section 10, then along and with the West line of said
quarter-quarter section;

 

Thence North 00° 08’ 14” West for a distance of 187.25
feet to a point on the South marginal right of way line of Missouri Route “32”,
then along and with said right of way;

 

Thence North 66° 23’ 16” East for a distance of 453.58
feet to a point of curve;

 

Thence along a curve to the left having a radius of
1950.08 feet and an arc length of 279.60 feet, being subtended by a chord of
North 62° 16’ 49” East for a distance of 279.36 feet to a point on curve that
is 40 feet from the centerline of Route “32”;

 

Thence South 31° 49’ 38” East for a distance of 10.00
feet to a point on curve that is 50 feet from the centerline of Route
“32”;

 

Thence along a curve to the left having a radius of
1960.08 feet and an arc length of 50.26 feet, being subtended by a chord of
North 57° 26’ 18” East for a distance of 50.26 feet to a point on curve that is
50 feet from the centerline of Route “32”;

 

Thence North 33° 17’ 47” West for a distance of 10.00
feet to a point on curve that is 40 feet from the centerline of Route “32”;

 

Thence along a curve to the left having a radius of
1950.08 feet and an arc length of 89.60 feet, being subtended by a chord of
North 55° 23’ 15” East for a distance of 89.59 feet to a point of tangent;

 

Thence North 54° 04’ 16” East for a distance of 400.40
feet to a point;

 

 

34-1

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

Thence South 35° 55’ 44” East for a distance of 5.00
feet to a point;

 

Thence North 54° 04’ 16” East for a distance of 20.00
feet to a point;

 

Thence North 35° 55’ 44” West for a distance of 5.00
feet to a point;

 

Thence North 54° 04’ 16” East for a distance of 166.94
feet to a point of curve;

 

Thence along a curve to the right having a radius of
1870.08 feet and an arc length of 478.71 feet, being subtended by a chord of
North 61° 24’ 16” East for a distance of 477.40 feet to a point of tangent;

 

Thence North 68° 44’ 16” East for a distance of 433.86
feet to a point on the North line of the Southwest quarter of the Southeast
quarter of Section 10, then leaving said Route “32” right of way along and with
the North line of said quarter-quarter section;

 

Thence South 89° 07’ 36” East for a distance of 112.15
feet to a point being the Northwest corner of tract 4B described and recorded
in Deed book 294, page 582;

 

Thence South 00° 06’ 09” West for a distance of 417.40
feet to the Southwest corner of said Tract 4B;

 

Thence South 89° 07’ 36” East for a distance of 417.40
feet to the Southeast corner of said Tract 4B;

 

Thence North 00° 06’ 09” East for a distance of 417.40
feet to the Southwest corner of the Northeast quarter of the Southeast quarter
of Section 10, then along the South line of said quarter-quarter section;

 

Thence South 89° 07’ 36” East for a distance of 174.50
feet to the Southeast corner of Tract 4A described and recorded in Deed book
294, page 582;

 

Thence North 00° 04’ 21” East for a distance of 284.80
feet to a point on the South marginal right of way line of Missouri Route “32”,
it being the Northeast corner of said Tract 4A, then along and with said right
of way;

 

Thence South 68° 44’ 16” West for a distance of 187.20
feet to a point on the West line of the Northeast quarter of the Southeast
quarter of Section 10, then leaving said right of way;

 

Thence North 00° 06’ 10” East for a distance of
1115.95 feet to the Northwest corner of said quarter-quarter section;

 

Thence South 88° 58’ 37” East for a distance of
1299.82 feet to an aluminum monument found marking the quarter corner common to
Sections 10 and 11, then along and with the Section line;

 

Thence South 00° 06’ 03” West for a distance of
1326.81 feet to an iron post found marking the Northwest corner of the
Southwest quarter of the southwest quarter of Section 11;

 

Thence South 88° 26’ 57” East for a distance of
1342.80 feet to a rebar pin found marking the Northeast corner of said
quarter-quarter section, then along and with the West line of the Northeast
quarter of the Southwest quarter of Section 11;

 

Thence North 00° 13’ 51” West for a distance of 946.43
feet to a point on the South marginal right of way line of Missouri Route “32”,
then along and with said right of way line;

 

Thence North 85° 48’ 55” East for a distance of 149.69
feet to a concrete right of way post found marking a point of curve;

 

Thence along a curve to the right having a radius of
462.40 feet and an arc length of 156.21 feet, being subtended by a chord of
South 84° 30’ 16” East for a distance of 155.47 feet to a point of tangent;

 

Thence South 74° 49’ 42” East for a distance of 70.93
feet to a point of curve;

 

 

34-2

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

Thence along a curve to the left having a radius of
927.91 feet and an arc length of 497.78 feet, being subtended by a chord of
North 89° 48’ 13” East for a distance of 491.83 feet to a point of tangent;

 

Thence North 74° 26’ 07” East for a distance of 489.74
feet to a point on the North-South centerline of Section 11, then leaving said
Route “32” right, of way;

 

Thence South 00° 29’ 24” East for a distance of
2414.43 feet to an iron post found marking the quarter corner common to
Sections 11 and 14, Township 34 North, Range 2 West;

 

Thence North 88° 31’ 46” West for a distance of
1348.06 feet to a BLM monument found marking the Southwest corner of the
Southeast quarter of the Southwest quarter of Section 11;

 

Thence North 88° 28’ 42” West for a distance of
1347.87 feet to the point of beginning.

 

Together with and subject to covenants, easements, and
restrictions of record.

 

Said property contains 238.40 acres, more or less.

 

TRACT
TWO B.

 

THE SURFACE RIGHTS ONLY to a tract of land being all
of the North half of the Northwest quarter of the Northeast quarter of Section
14, Township 34 North, Range 2 West of the Fifth Principal Meridian, Iron
County, Missouri, described more particularly as follows:

 

Begin at an iron post found marking quarter corner
common to Sections 11 and 14, Township 34 North, Range 2 West, it also being
the Northwest corner of the Tract of land herein described, then along and with
the North line of Section 14;

 

Thence South 88° 32’ 18” East for a distance of
1338.64 feet to a BLM monument found marking the Northeast corner of the herein
described Tract of land, then leaving the North line of Section 14;

 

Thence South 00° 18’ 06” West for a distance of 661.68
feet to the Southeast corner of the North half of the Northwest quarter of the
Northeast quarter of Section 14;

 

Thence North 88° 34’ 43” West for a distance of
1336.55 feet to the Southwest corner of said North half;

 

Thence North 00° 07’ 23” East for a distance of 662.66
feet to the point of beginning.

 

Together with and subject to covenants, easements, and
restrictions of record.

 

Said property containing 20.33 acres, more or less.

 

TRACT TWO-C

 

TOWNSHIP THIRTY-FOUR
NORTH, RANGE TWO WEST, FIFTH

FIFTH PRINCIPAL MERIDIAN

SECTION FOURTEEN

 

THE SURFACE RIGHTS ONLY to part of the Northeast quarter of the
Southwest quarter described as follows: 
Beginning at the Southeast corner of said Northeast quarter of the
Southwest quarter; thence North 00° 07’ 23” East a distance of 1088.42 feet
along the East line of said Northeast quarter of the Southwest quarter; thence
South 38° 01’ 23” West a distance of 228.70 feet to the centerline of the main
track of the Burlington Northern Railroad; thence South 30° 45’ 22” West a
distance of 1039.01 feet along said centerline of the main track of the
Burlington Northern Railroad to the South line of said Northeast quarter of the
Southwest quarter; thence South 88° 41’ 05” East a distance of 670.05 feet
along said South line of the Northeast quarter of the Southwest quarter to the
point of beginning, containing 8.71 acres, more or less.

 

 

34-3

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

The South half of the Southeast quarter of the Southeast quarter of the
Southwest quarter, containing 5.10 acres, more or less.

 

Part of the Southeast quarter of the Southwest quarter
of the Southwest quarter described as follows: 
Beginning at the Southeast corner of said Southeast quarter of the
Southwest quarter of the Southwest quarter; thence North 88° 48’ 56” West a
distance of 92.55 feet along the South line of said Southeast quarter of the
Southwest quarter of the Southwest quarter to the centerline of the main track
of the Burlington Northern Railroad; thence along a curve to the right of said
centerline of the main track of the Burlington Northern Railroad, having a radius
of 1432.69 feet and an arc of 209.62 feet, being subtended by a chord of North
26° 18’ 08” East a distance of 209.07 feet, to the East line of said Southeast
quarter of the Southwest quarter of the Southwest quarter; thence South 00° 02’
08” West a distance of 189.35 feet along said East line of the Southeast
quarter of the Southwest quarter of the Southwest quarter to the point of
beginning, containing 0.21 acre, more or less.

 

Section 14 containing an aggregate of 14.02 acres, more or less.

 

SECTION TWENTY-THREE

 

Starting at a concrete monument marking the common corner of Sections
14, 15, 22 and 23; thence South 88° 48’ 56” East a distance of 227.84 feet to
the West right of way line of Missouri Route “KK”, the point of beginning of
the tract being described; thence leaving said right of way of Missouri Route
“KK” South 88° 48’ 56” East a distance of 2448.18 feet along the North line of
said Section 23 to a concrete monument marking the Quarter corner common to
Sections 14 and 23, Township 34 North, Range 2 West; thence South 00° 27’ 25”
West a distance of 5316.35 feet to a concrete monument marking the Quarter
corner common to Sections 23 and 26, Township 34 North, Range 2 West; thence
North 88° 46’ 03” West a distance of 401.35 feet along the South line of said
Section 23 to said West right of way of Missouri Route “KK”; thence, following
along said right of way of Missouri Route “KK”, along a curve to the right
having a radius of 985.40 feet and an arc length of 315.47 feet, subtended by a
chord of North 10° 48’ 41” West a distance of 314.12 feet to a Point of
Tangent; thence North 01° 38’ 24” West a distance of 621.90 feet to a Point of
Curve; thence along a curve to the left having a radius of 692.94 feet and an
arc length of 191.93 feet, being subtended by a chord of North 10° 01’ 39” West
a distance of 19.1.31 feet to a Point of Tangent; thence North 17° 30’ 27” West
a distance of 251.56 feet to a Point of Curve; thence along a curve to the
right having a radius of 603.70 feet and an arc length of 148.37 feet being
subtended by a chord of North 10° 28’ 00” West a distance of 148.00 feet to a
Point on Curve that is 30 feet from the centerline of Missouri Route “KK”;
thence South 86° 34’ 27” West a distance of 36.00 feet to a Point on Curve that
is 66 feet from the centerline of Missouri Route “KK”; thence along a curve to
the right having a radius of 639.70 feet and an arc length of 162.57 feet being
subtended by a chord of North 03° 51’ 17” East a distance of 162.14 feet to a
Point of Tangent; thence North 12° 33’ 23” East a distance of 270.40 feet to a
Point of Curve; thence along a curve to the left having a radius of 1462.16
feet and an arc length of 77.69 feet, being subtended by a chord of North 09°
55’ 55” East a distance of 77.68 feet to a Point on Curve that is 66.00 feet
from the centerline of Missouri Route “KK”; thence South 88° 43’ 25” East a
distance of 16.12 feet to a Point on Curve that is 50 feet from the centerline
of Missouri Route “KK”; thence along a curve to the left having a radius of
1478.16 feet and an arc length of 681.90 feet, being subtended by a chord of
North 04° 53’ 00”

 

 

34-4

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

West a distance of 675.87 feet to a Point on Curve that is 50 feet from
the centerline of Missouri Route “KK”; thence South 88° 07’ 04” West a distance
of 16.67 feet to a Point on Curve that is 66 feet from the centerline of
Missouri Route “KK”; thence along a curve to the left having a radius of
1462.16 feet and an arc length of 412.59 feet, being subtended by a chord of
North 26° 21’ 55” West a distance of 411.22 feet to a Point of Tangent; thence
North 34° 07’ 03” West a distance of 164.40 feet to a point that is 66 feet
from the centerline of Missouri Route “KK”; thence South 55° 52’ 57” West a
distance of 34.00 feet to a point that is 100 feet from the centerline of
Missouri Route “KK; thence North 34° 07’ 03” West a distance of 312.21 feet to a
Point of Curve; thence along a curve to the left having a radius 1332.69 feet
and an arc length of 34.92 feet, being subtended by a chord of North 35° 20’
49” West a distance of 34.92 feet to a Point on Curve that is 100 feet from the
centerline of Missouri Route “KK”; thence North 53° 54’ East a distance of
34.00 feet to a Point on Curve that is 66 feet from the centerline of Missouri
Route “KK”; thence along a curve to the left having a radius of 1366.69 feet
and an arc length of 243.35 feet, being subtended by a chord of North 41° 12’
02” West a distance of 243.03 feet to a Point of Tangent; thence North 46° 18’
05” West a distance of 298.70 feet to a Point of Curve; thence along a curve to
the right having a radius of 830.49 feet and an arc length of 188.43 feet,
being subtended by a chord of North 39° 48’ 05” West a distance of 188.03 feet
to a Point of Tangent; thence North 33° 18’ 05” West a distance of 272.90 feet
to a point that is 66 feet from the centerline of Missouri Route “KK”; thence
North 56° 41’ 55” East a distance of 36.00 feet to a point that is 30 feet from
the centerline of Missouri Route “KK”; thence North 33° 18’ 05” West a distance
of 290.90 feet to a Point of Curve; thence along a curve to the right having a
radius of 666.62 feet and an arc length of 166.57 feet, being subtended by a
chord of North 26° 08’ 35” West a distance of 166.14 feet to a Point of
Tangent; thence South 71° 00’ 55” West a distance of 36.00 feet to a point that
is 66 feet from the centerline of Missouri Route “KK”; thence North 18° 59’ 05”
West a distance of 300.90 feet to a Point of Curve; thence along a curve to the
left having a radius of 411.46 feet and an arc length of 181.56 feet, being
subtended by a chord of North 31° 16’ 28” West a distance of 180.09 feet to a
Point of Tangent; thence North 44° 13’ 48” West a distance of 179.25 feet to a
Point of Curve; thence along a curve to the right having a radius of 543.46
feet and an arc length of 149.55 feet, being subtended by a chord of North 36°
27’ 32” West a distance of 149.08 feet to a Point of Tangent; thence North 28°
29’ 52” West a distance of 44.99 feet to the point of beginning.

 

Section 23 containing 127.27 acres, more or less.

 

Together with and subject to covenants, easements, and restrictions of
record.

 

EXCEPTING AND EXCLUDING all tailings all currently located on the above
described Parcel Two-C.

 

TRACT
TWO-D.

 

THE SURFACE RIGHTS ONLY to real property located in
Iron County, Missouri, described as follows:

 

TOWNSHIP 34 NORTH, RANGE
2 WEST, FIFTH P.M.

 

SECTION 13:

 

The West half of the Southeast quarter containing
80.93 acres, more or less.

 

The Southwest quarter containing 161.76 acres, more or
less.

 

The West half of the Northwest quarter containing
81.05 acres, more or less.

 

 

34-5

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

The West half of the-Southeast quarter of Northwest
quarter containing 20.25 acres, more or less.

 

TOWNSHIP 34 NORTH, RANGE
2 WEST, FIFTH P.M. 

 

SECTION 14:

 

The East half of the Northeast quarter containing
81.55 acres, more or less.

 

The East half of the Southeast quarter containing
81.55 acres, more or less.

 

The South Three-Quarters of the West half of the
Southeast quarter containing 61.15 acres.

 

Part of the Southwest quarter of the Northeast quarter
and part of the North half of the Northwest quarter of the Southeast quarter,
all in Section 14, Township 34 North, Range 2 West of the Fifth Principal
Meridian in Iron County, Missouri, described as follows:  Beginning at the Northeast corner of said
Southwest quarter of the Northeast quarter of Section 14; thence North 88° 37’
07” West 407.30 feet along the North line of said Southwest quarter of the
Northeast quarter of Section 14; thence South 23° 40’ 36” West 257.26 feet;
thence South 05° 21’ 09” West 527.16 feet; thence South 64° 06’ 03” East 112.97
feet; thence South 84° 17’ 51” East 223.31 feet; thence South 01° 34’ 04” East
250.18 feet; thence South 40° 26’ 19” West 204.53 feet; thence North 87° 29’
25” West 611.24 feet; thence South 42° 24’ 51” West 39.79 feet; thence North
82° 46’ 23” West 96.13 feet; thence South 38° 01’ 23” West 394.39 feet to the
West line of said North half of the Northwest quarter of the Southeast quarter
of Section 14; thence South 00° 07’ 23” West 427.06 feet to the Southwest
corner of said North half of the Northwest quarter of the Southeast quarter of
Section 14; thence South 88° 43’ 52” East 1338.15 feet to the Southeast corner
of said North half of the Northwest quarter of the Southeast quarter of Section
14; thence North 00° 07’ 47” East 662.00 feet to the Northeast corner of said
North half of the Northwest quarter of the Southeast quarter of Section 14;
thence North 00° 02’ 30” West 1323.86 feet to the Northeast corner of said
Southwest quarter of the Northeast quarter of Section 14, the point of
beginning of the described tract, containing 34.25 acres, more or less.

 

TOWNSHIP 34 NORTH, RANGE
2 WEST, FIFTH P.M.

 

SECTION 23:

 

The North half of the Northeast quarter containing
82.2 acres, more or less.

 

TOWNSHIP 34 NORTH, RANGE
2 WEST, FIFTH P.M.

 

SECTION 24:

 

The North half of Northwest quarter containing 81.8
acres, more or less.

 

LESS AND EXCEPTING THE SURFACE THE SURFACE RIGHTS ONLY
TO A TRACT OF LAND BEING PART OF SECTIONS 13, 14, 23 and 24, TOWNSHIP 34 NORTH,
RANGE 2 WEST OF THE FIFTH PRINCIPAL MERIDIAN, IRON COUNTY, MISSOURI, DESCRIBED
AS FOLLOWS:

 

 

34-6

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

SECTION THIRTEEN

 

The Southwest Quarter of the Northwest Quarter of the
Northwest Quarter of the Northwest Quarter, The West half of the Southeast
Quarter of the Northwest Quarter of the Northwest Quarter of the Northwest
Quarter, The West half of the Southwest Quarter of the Northwest Quarter of the
Northwest Quarter, The West half of the East half of the Southwest Quarter of
the Northwest Quarter of the Northwest Quarter, The Northwest Quarter of the
Northwest Quarter of the Southwest Quarter of the Northwest Quarter, The West
half of the Northeast Quarter of the Northwest Quarter of the Southwest Quarter
of the Northwest Quarter, The South Three-Quarters of the Southwest Quarter of
the Northwest Quarter, The South Three-Quarters of the West half of the West
half of the Southeast Quarter of the Northwest Quarter, The West half of the
Southwest Quarter, The Southeast Quarter of the Southwest Quarter, The West
half of the West half of the Northeast Quarter of the Southwest Quarter, The
South Three Quarters of the East half of the West half of the Northeast Quarter
of the Southwest Quarter, The South half of the Southeast Quarter of the
Northeast Quarter of the Southwest Quarter, The Southwest Quarter of the
Southwest Quarter of the Northwest Quarter of the Southeast Quarter, The West
half of the Northwest Quarter of the Southwest Quarter of the Southeast
Quarter, The Southwest Quarter of the Southwest Quarter of the Southeast Quarter,
The West half of the Southeast Quarter of the Southwest Quarter of the
Southeast Quarter.  Containing 217.6
acres, more or less.

 

SECTION FOURTEEN:

 

The Southeast Quarter of the Northeast Quarter of the
Northeast Quarter, The East half of the East half of the Southwest Quarter of
the Northeast Quarter of the Northeast Quarter, The South half of the Southeast
Quarter of the Northeast Quarter, The Northeast Quarter of the Southeast
Quarter of the Northeast Quarter, The South half of the Northwest Quarter of
the Southeast Quarter of the Northeast Quarter, The East half of the Northeast
Quarter of the Northwest Quarter of the Southeast Quarter of the Northeast
Quarter, The Northeast Quarter of the Northeast Quarter of the Northeast
Quarter of the Southeast Quarter, The Northeast Quarter of the Southeast
Quarter of the Southwest Quarter, The North half of the Southeast Quarter of
the Southeast Quarter of the Southwest Quarter, All that part of the West half
of the Southeast Quarter of the Southwest Quarter laying East of the railroad
right of way, The Southwest Quarter of the Southeast Quarter, The Southeast
Quarter of the Southeast Quarter. 
Containing 156.3 acres, more or less.

 

EXCEPT that part of the Southeast Quarter
described as follows:  Beginning at the
Southwest corner of said Southeast Quarter; thence North 00 degrees 07 minutes
23 seconds East 400.00 feet along the West line of said Southeast Quarter;
thence South 88 degrees 52 minutes 02 seconds East 1527.17 feet; thence South
63 degrees 09 minutes 24 seconds East 432.26 feet; thence South 00 degrees 56
minutes 46 seconds West 148.19 feet; thence South 41 degrees 00 minutes 11
seconds West 83.68 feet to the South line of said Southeast Quarter; thence
North 88 degrees 52 minutes 03 seconds West 1856.43 feet to the point of
beginning, containing 16.7 acres, more or less.

 

Containing an aggregate 139.6 acres, more or less.

 

 

34-7

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

SECTION TWENTY-THREE

 

The Northeast Quarter of the Northeast Quarter, The
East half of the Northwest Quarter of the Northeast Quarter.

 

EXCEPT part of the Northwest Quarter of the
Northeast Quarter described as follows:  Beginning at the Northeast corner of said Northwest Quarter of the
Northeast Quarter; thence South 63 degrees 22 minutes 08 seconds West 750.71
feet; thence North 00 degrees 22 minutes 20 seconds East 349.73 feet to the
North line of said Northwest Quarter of the Northeast Quarter; thence South 88
degrees 52 minutes 03 seconds East 668.93 feet, along said North line of the
Northwest Quarter of the Northeast Quarter to the point of beginning,
containing 2.7 acres, more or less.

 

Containing an aggregate of 57.3 acres, more or less.

 

SECTION TWENTY-FOUR

 

The Northwest Quarter of the Northwest Quarter, The North
Three-Quarters of the Northeast Quarter of the Northwest Quarter, The Southwest
Quarter of the Southwest Quarter of the Northeast Quarter of the Northwest
Quarter, The Northwest Quarter of the Northwest Quarter of the Northeast
Quarter, The West half of the Northeast Quarter of the Northwest Quarter of the
Northeast Quarter, The North half of the Southwest Quarter of the Northwest
Quarter of the Northeast Quarter. 
Containing 92.5 acres, more or less.

 

FURTHER
EXCEPTING AND NOT INTENDED TO BE CONVEYED, all tailings
currently located on the above described Parcel Two-D.

 

III.  PARCEL THREE Parcel
Three being a portion of the same property as conveyed by General Warranty Deed
dated 31 October 1986 from Homestake Lead Company of Missouri to the Doe Run
Company, recorded in Book 294 page 582, Iron County land records.

 

A.      TRACT I:

 

TOWNSHIP THIRTY-FOUR NORTH, RANGE TWO WEST, 5th P.M.

 

SECTION FOURTEEN

 

Northwest Quarter Northwest Quarter Southeast Quarter Northwest
Quarter;

 

South Half ‘Northwest Quarter Southeast Quarter Northwest Quarter;

 

Southwest Quarter Southeast Quarter Northwest Quarter;

 

West Half Northeast Quarter Southwest Quarter;

 

West Half Northeast Quarter Northeast Quarter Southwest Quarter;

 

West Half Southeast Quarter Northeast Quarter Southwest Quarter;

 

North Half Northwest Quarter Southeast Quarter Southwest Quarter;

 

 

34-8

 

Rider attached to and
forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

Southwest Quarter Northwest Quarter Southeast Quarter Southwest
Quarter;

 

North Half Southwest Quarter Southwest Quarter;

 

Northwest Quarter Southwest Quarter;

 

Southwest Quarter Northwest Quarter.

 

SAVE AND
EXCEPT:  A parcel of
land being part of the Northeast Quarter of the Southwest Quarter of Section
14, in Township 34 North, Range 2 West, described as follows:  Beginning at an iron rod 1294.67 feet North
of and 2348.92 feet East of the Southwest corner of said Section 14; thence
North 0° 06’ 39” West 565.60 feet to the centerline of the main track of the
Lead Branch spur of the ST. LOUIS-SAN-FRANCISCO RAILWAY:  THENCE ALONG SAID CENTERLINE South 30° 45’
22” West 653.80 feet; thence South 89° 21’ 33” East 335.46 feet to the point of
beginning, containing 2.177 acres.

 

B. TRACT
2:

 

1.  South Half of the Southwest Quarter of the
Southwest Quarter of Section 14, Township 34 North, Range 2 West; together with
the reversionary interest of the Homestake Lead Company of Missouri in a strip
of land 132 feet wide and being 66 feet on each side, of the centerline of
State Highway J, on, over and across the above described property, said strip
presently being used as an easement by the State Highway Commission of
Missouri, and said easement having been granted to the State Highway Commission
of Missouri, by Willard and Wanda Mathes in the year 1965, by deed dated
November 5, 1965, and recorded November 30, 1965, wherein said Homestake Lead
Company reserved the aforesaid reversionary interest; and all strips and gores
adjacent to or adjoining the above lands and any of them then held by them in
open, notorious and adverse possession to all others; EXCEPTING ONLY, minerals
of every kind and nature, including but not restricted to, oil, gas and
related, hydrocarbons.

 

2.  SAVE AND EXCEPT:

 

TRACT A:

 

A parcel of land being part of the Southwest Quarter of the Southwest
Quarter of Section 14, in Township 34 North, Range 2 West, described as
follows:  Beginning at a point on the
centerline of the main track of the Lead Branch spur of the ST. LOUIS-SAN
FRANCISCO RAILWAY, said point being 1227.52 feet South 88° 56’ 16” East from
the Southwest corner of said Section 14; thence South 88° 56’ 16” East 119.87
feet to an iron rod, being the Southeast corner of said Southwest Quarter of
the Southwest Quarter; thence North 0°, 20’ 14” West 201.64 feet to the
centerline of said railroad tack; thence along said centerline South 30° 45’
22” West 232.05 feet to the point of beginning, containing 0.277 acre.

 

TRACT B:

 

A parcel of land being part of the Southeast Quarter of the Southwest
Quarter of Section 14, in Township 34 North, Range 2 West, described as
follows:  Beginning at an iron rod
636.72 feet North of and 1678.71 feet East of the Southwest corner of said
Section 14; thence North 0° 00’ 37” West 99.10 feet to the centerline of the
main track of the Lead Branch spur of the ST. LOUIS-SAN FRANCISCO RAILWAY;
thence along said centerline South 30° 45’ 22”

 

 

34-9

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

West 114.13 feet; thence South 88° 59’ 27” East 58.39 feet to the point
of beginning, containing 0.066 acre.

 

TRACT C:

 

A parcel of land being part of the Southeast Quarter of the Southwest
Quarter of Section 14, in Township 34 North, Range 2 West, described as
follows:  Beginning, at a point 963.27
feet North of and 2015.11 feet East of the Southwest corner of said Section 14;
thence North 0° 23’ 29” West 334.07 feet to the centerline of the main track of
the Lead Branch spur of the ST. LOUIS-SAN FRANCISCO RAILWAY:  thence along said centerline South 30° 45’
22” West 384.49 feet; thence South 88° 57’ 4” East 198.94 feet to the point of
beginning, containing 0.762 acre.

 

TRACT 5
(Tracts 3 and 4 are not intended to be included in this Instrument and are
omitted intentionally).

 

1.   5A:

A parcel of land being part of the Southeast Quarter of the Southwest
Quarter of Section 14, in Township 34 North, Range 2 West, described as
follows:  Beginning at the Northwest
corner of the Southwest Quarter of said Southeast Quarter of the Southwest
Quarter, said Northwest corner being 642.63 feet North of and 1343.20 feet East
of the Southwest corner of said Section 14; thence South 0° 20’ 14” East 465.98
feet to the centerline of the main track of the Lead Branch Spur of the ST.
LOUIS-SAN FRANCISCO RAILWAY:  thence
along said centerline North 30° 45’ 22” East 536.56 feet to a point; thence
North 88° 59’ 27” West 277.17 feet to the point of beginning, containing 1.482
acres.

 

2.   5B:

A parcel of land being part of the Southeast Quarter of the Southwest
Quarter of Section 14, Township 34 North, Range 2 West, described as
follows:  Beginning at a point 969.43
feet North of and 1678.65 feet East of the Southwest corner of said Section 14;
thence South 0° 00’ 37” East 232.71 feet to the centerline of the main track of
the Lead Branch spur of the ST. LOUIS-SAN FRANCISCO RAILWAY:  THENCE ALONG SAID CENTERLINE North 30° 45’
22” East 268.91 feet; thence North 88° 57’ 04” West 137.58 feet to the point of
beginning, containing 0.368 acre.

 

3.   5C:

A tract of land being part of the Southeast Quarter of the Northwest
Quarter, part of the Northeast Quarter of the Southwest Quarter and part of the
Northwest Quarter of the Southeast Quarter, all in Section 14, Township 34
North, Range 2 West, described as follows: 
Beginning at an iron rod being the center one-quarter corner of said
Section 14; thence North 45° 04’ 17” West 476.89 feet to a point; thence North
89° 21’ 38” West 335.05 feet; thence South 0° 13’ 30” East 333.55 feet to a
point in a lake; thence South 89° 21’ 38” East 335.05 feet to an iron rod;
thence South 0° 06’ 39” East 773.25 feet to the centerline of the main track of
the Lead Branch spur of the ST. LOUIS-SAN FRANCISCO RAILWAY:  thence along said centerline North 30° 45’
22” East 806.06 feet to a point; thence, North 45° 04’ 17” West 109.51 feet to
the point of beginning, containing 7.818 acres.

 

 

34-10

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

SAVE AND EXCEPT the following
reservations:

 

a.       There is hereby reserved
unto Homestake Lead Company of Missouri, jointly, their successors and assigns,
all of the oil, gas, coal, hydrocarbons, lead, zinc and all other minerals of
every description, kind and character, wherever situate, that may be produced
from the above described property, together with the right of ingress and
egress at all times for the purpose of mining, drilling, exploring, operating
and developing said lands for such minerals, and removing the same therefrom.

 

b.      There is hereby reserved
unto Homestake Lead Company of Missouri, individually and jointly, their
successors and assigns, the free and uninterrupted use, liberty and. easement
of passing in and along the presently existing roadway (s) located on Tract 3
(3 (above), which road parallel the Frisco Railroad on the West side of said
railroad, and also in and along, any roads on any of said tracts which
presently exist or that are constructed by The Doe Run Company in the
future.  However, it is expressly
understood that Homestake Lead Company use of such road (s) shall be for the
purpose of mining and hauling ore, ore concentrates and other mine materials,
and for other operations appurtenant thereto.

 

D.  TRACT 9 (Tracts 6, 7 and 8 are not included
in this Instrument and are omitted intentionally.)

 

1.      A portion of Section 14,
Township 34 North, Range 2 West, 5th Principal Meridian, described as follows:

 

a.       The South half of the
Northwest Quarter of the Northeast Quarter;

 

b.       The North half of the
Northwest Quarter, Containing 100 acres, more or less.

 

2.      A portion of Section 15,
Township 34 North, Range 2 West, 5th Principal Meridian, described as
follows:  All that part lying North and
East of Highway KK.

 

Containing 358 acres, more or less.

 

EXCEPTING
and RESERVING to the United States of America and its assigns
all oil, gas, coal and other minerals, together with the usual mining rights,
powers and privileges, including the right, at any and all times, to enter upon
the lands and use such parts of the surface as may be necessary in prospecting
for, mining, saving and removing said oil, gas, coal and other minerals.

 

D.      Tract 10.

 

1.  A tract of land being
part of the Northwest Quarter, part of the Northeast Quarter, and part of the
Southeast Quarter of Section 14, Township 34 North, Range 2 West, Iron County,
Missouri, described as follows:  Begin
at an iron rod that is the Southeast corner of the Northwest Quarter of Section
14; thence South 45° 04’ 17” East 109.51 feet to the centerline of the main
track of the lead branch spur of the Burlington Northern Railroad; thence along
said centerline North 30° 45’ 36” East 189.46 feet to a point; thence North 52°
59’ 42” West 221.49 feet to a point; thence North 0° 38’ 24” West 652.48 feet
to a point; thence North 52° 21’ 16” West 198.44 feet to a point; thence North
88° 15’ 03” West 508.27 feet to an iron pin; thence South 0° 13’ 07” East
666.95 feet to an iron pin; thence South 89° 21’ 38” East 335.05 feet to an
iron pin; thence South 45° 04’ 17” East 476.89 feet to the point of beginning,
containing 11.84 acres, more or less.

 

 

34-11

 

Rider attached to
and forming a part of policy or commitment number:   #97762

Continuation of SCHEDULE  “C”

 

SAVE AND
EXCEPT the following reservations:

 

There is hereby reserved unto Grantors, jointly, their successors and
assigns, all of the oil, gas, coal, hydrocarbons, lead, zinc and all other
minerals of every description, kind and character, wherever situate, that may
be produced from the above described property, together with the right of
ingress and egress at all times for the purpose of mining, drilling, exploring,
operating and developing said lands for such minerals, and removing same
therefrom.

 

 

34-12

 

SCHEDULE I

 

Buick Permits

 

	
  Name of Permit

  	
   

  	
  Issuing
  Agency

  	
   

  	
  Description

  
	
  Missouri State Operating Permit

  Permit No. MO-0000337

  	
   

  	
  Missouri Department of Natural Resources, Missouri
  Clean Water Commission

  	
   

  	
  Permit for water treatment and discharge.  Industrial process wastewater, process
  stormwater, and primary treated sanitary wastewater is treated in a
  wastewater plant with a design capacity of 950,000 gallons per day.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Resource Recovery Facility Certification

  Certification No.
  RR0344

  	
   

  	
  Missouri Department of Natural Resources, Hazardous
  Waste Program

  	
   

  	
  Certification for processing of wastes listed in the
  approved application.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Metallic Minerals Waste Management Permit

  Permit No. MM-002

  	
   

  	
  Missouri Department of Natural Resources, Division
  of Environmental Quality

  	
   

  	
  Permit for metallic minerals waste management
  activities and site closure provisions.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Part I Permit, Hazardous Waste Management Facility

  Permit No. MOD 059 200
  089

  	
   

  	
  Missouri Department of Natural Resources, Office of
  the Director

  	
   

  	
  Permit for container storage of batteries, battery
  components, and lead bearing dust/sludge. Management of lead bearing wastes
  in a drum shredder.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title V Operating Permit

  Application Pending

  	
   

  	
  Missouri Department of Natural Resources, Air Pollution
  Control Program

  	
   

  	
  Clean Air Act Operating Permit for Buick Resource
  Recycling Division.  Encompasses all
  prior air permits and permits to construct.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Permit to Construct

  Permit No. 0989-003

  	
   

  	
  Missouri Department of Natural Resources, Office of
  the Director

  	
   

  	
  Permission to construct a secondary lead operation.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Permit to Construct

  Permit No. 0997-006

  	
   

  	
  Missouri Department of Natural Resources, Missouri
  Air Conservation Commission

  	
   

  	
  Permit for installation of a “sweat” (metal
  reclamation) furnace, mold pouring, and material screening process.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Permit to Construct

  Permit No. 0297-015

  	
   

  	
  Missouri Department of Natural Resources, Missouri
  Air Conservation Commission

  	
   

  	
  Permit of installation of a slag treatment system
  consisting of a hopper, blender, material silo and two conveyors.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Permit to Construct

  Permit No. 1093-010

  	
   

  	
  Missouri Department of Natural Resources, Missouri
  Air Conservation Commission

  	
   

  	
  Permit for LPG burner to flame skim lead bar
  surfaces.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Permit Construct

  Permit No. 1095-009

  	
   

  	
  Missouri Department of Natural Resources, Missouri
  Air Conservation Commission

  	
   

  	
  Permit for installation of a baghouse dust
  agglomeration furnace with associated screw conveyors and surge bin.

  

 

 

	
  Name of Permit

  	
   

  	
  Issuing
  Agency

  	
   

  	
  Description

  
	
  Permit to Construct

  Permit No. 1093-003

  	
   

  	
  Missouri Department of Natural Resources, Missouri
  Air Conservation Commission

  	
   

  	
  Permit for a metal reclamation furnace with fugitive
  dust capture hoods.  The system
  includes afterburner control and exhausts to main baghouse collector.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Permit to Construct

  Permit No. 0693-103

  	
   

  	
  Missouri Department of Natural Resources, Missouri
  Air Conservation Commission

  	
   

  	
  Permit for a new source operation equipped with
  hoods and an afterburner.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Prevention of Significant Deterioration (“PSD”)
  application dated October 17, 2001.

  Application Pending

  	
   

  	
  Missouri Department of Natural Resources, Air
  Pollution Control Program

  	
   

  	
  Permit for increased production for an overall lead
  production limit of 200,000 tons/year.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Clean Air Act § 122(j) MACT Part 1
  Application

  Project No. 2002-05-071

  Application Pending

  	
   

  	
  Missouri Department of Natural Resources, Air
  Pollution Control Program

  	
   

  	
  MACT permit for propane fired boiler.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Variance from production limits established in 10
  CSR 10- 6.120(2)(C) Table IV

  	
   

  	
  Missouri Department of Natural Resources, Air
  Pollution Control Program

  	
   

  	
  Variance from existing production limits to better
  utilize furnace capacity.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Public Drinking Water Supply

  Permit No. 4180635

  	
   

  	
  Missouri Department of Natural Resources, – Public
  Drinking Water Program

  	
   

  	
  Approval for a non-community water system to
  dispense to public.

  

 

 

SCHEDULE II

 

Warranties and
Representations-Carveouts

 

1.1                                 No
Hazardous Materials at Property. 
Except for the following:  (1) To
the extent that they are not considered Hazardous Materials used in the
ordinary course of Indemnitors’ business, Hazardous Materials originating in
feed materials or otherwise used at the Property, including lead, have been and
are being generated, stored, transported, utilized, disposed of, released into
the air, water, or soil, or located on or about the Property; and (2) Hazardous
Materials generated, stored, transported, utilized, disposed of, released, or
located on or about the Property by prior owners of the Property.

 

1.2                                 No
Violations Claimed re Property or Indemnitors.  Except for the following: 
(1) A notice of violation of the Secondary Lead MACT
requirements for fugitive emissions which has been resolved by a settlement
agreement with the State of Missouri dated March 31, 2000 which establishes a
compliance schedule whereby the Borrower will have functioning by May 1, 2003,
certain emission control equipment; and (2) Violation of OSHA PEL standard for
lead, which situation is addressed by a Petition for Modification of Abatement
approved by OSHA.

 

1.3                                 No
Liability to Governmental Authorities. 
Except for the following:  (1)
Although not notified of any such liability by Governmental Authorities, there
may be liability to Governmental Authorities under CERCLA due to releases of
hazardous substances from the Property.

 

1.4                                 No
Lien on Property.  None.

 

1.5                                 No
Enforcement Actions.  None.

 

1.6                                 No
Knowledge of Violations re Surrounding Property.  Except for the following: 
(1) In the course of the review by Governmental Authorities of the
Corrective Measures Study submitted under requirements of the Hazardous Waste
permit for the Buick facility currently held by the Borrower, Governmental
Authorities’ personnel have indicated that they may require an assessment of
potential releases of hazardous substances from the Property to Surrounding
Property.Exhibit
4.6

 

STOCK PURCHASE AGREEMENT

 

This STOCK PURCHASE AGREEMENT (this “Agreement”)
is dated as of October 29, 2002 between The Doe Run Resources Corporation, a
New York corporation (the “Company”) and The Renco Group, Inc., a New
York corporation (the “Purchaser”).

 

W I T N E S S E T H :

 

WHEREAS, the Company intends to consummate an exchange
offer on terms set forth in that certain Amended and Restated Exchange Offer,
Consent Solicitation and Solicitation of Acceptances dated September 20, 2002
(as such has been modified through the date hereof, and including all documents
incorporated by reference therein, the “Offering Memorandum”);

 

WHEREAS, in order to obtain funds necessary to meet
certain of its obligations arising from the consummation of the above-referenced
transactions, the Company intends to issue and sell to the Purchaser, and the
Purchaser intends to purchase from the Company, 2,000 shares of the Company’s
Series A Redeemable Preferred Stock, par value $1,000 per share (the “Series
A Preferred”), upon the terms and provisions hereinafter set forth; and

 

WHEREAS, it is a condition precedent to the closing of
the above-referenced transactions that the sale of the Series A Preferred to
the Purchaser be consummated concurrently with the closing of the
above-referenced transactions;

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements set forth herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties agree as follow (capitalized terms used herein have the meanings
set forth in Section 3 of this Agreement):

 

SECTION 1.      SALE AND PURCHASE OF PREFERRED STOCK

 

(a)  The Company agrees to sell to
the Purchaser and, subject to the terms and conditions hereof and in reliance
upon the representations and warranties of the Company contained herein or made
pursuant hereto, the Purchaser agrees to purchase from the Company at the
Closing, 2,000 shares of Series A Preferred. 
The shares of Series A Preferred being acquired under this Agreement are
collectively referred to herein as the “Shares”, and contain rights and
privileges as more fully set forth in the Amended and Restated Certificate of
Incorporation of the Company in the form attached hereto as Exhibit A.

 

(b)  The aggregate purchase price to
be paid to the Company by the Purchaser for that portion of the Shares to be
purchased by the Purchaser pursuant to this Agreement shall be $20,000,000 (the
“Aggregate Purchase Price”).

 

 

(c)  The Company will use the
proceeds from the sale of the Shares it will receive on the Closing Date to pay
obligations arising from the Transactions.

 

SECTION 2.      CLOSING

 

(a)  Subject to the terms and
conditions hereof, the closing of the purchase and sale of the Shares to be
purchased by the Purchaser (the “Closing”) will take place at the
offices of Cadwalader, Wickersham & Taft, 100 Maiden Lane, New York, New
York at 10:00 AM, New York City time, on October 29, 2002, or such other time
and date as shall be mutually agreed to by the Company and the Purchaser (such
time and date are herein referred to as the “Closing Date”).  The sale and purchase of Shares between the
Purchaser and the Company shall be consummated concurrently on the Closing Date
for the Aggregate Purchase Price.

 

(b)  Subject to the terms and
conditions hereof, at the Closing (i) the Company will deliver to the Purchaser
certificates registered in the Purchaser’s name evidencing 2,000 Shares and
(ii) substantially simultaneously with the Purchaser’s receipt of the Shares,
the Purchaser shall deliver to the Company a certified or official bank check
(or wire transfer) in an amount equal to the Aggregate Purchase Price for the
Shares to be purchased by the Purchaser payable to the order of the Company in
federal or other immediately available funds.

 

SECTION 3.      DEFINITIONS

 

(a)  For purposes of this Agreement,
the following definitions shall apply (such definitions to be equally
applicable to both the singular and plural forms of the terms defined):

 

“Aggregate
Purchase Price” has the meaning specified in Section 1(b) hereof.

 

“Affiliate”,
when used with respect to any Person, means (i) if such Person is a
corporation, any officer or director thereof and any Person which is, directly
or indirectly, the beneficial owner (by itself or as part of any group) of more
than five percent (5%) of any class of any equity security (within the meaning
of the Securi­ties Exchange Act) thereof, and, if such beneficial owner is a
partnership, any general partner thereof, or if such beneficial owner is a
corporation, any Person controlling, controlled by or under common control with
such beneficial owner, or any officer or director of such beneficial owner or
of any corporation occup­ying any such control relation­ship, (ii) if such
Person is a partnership, any general or limited partner thereof, and
(iii) any other Person which, directly or indirectly, controls or is co­ntrolled
by or is under common control with such Person.  For purposes of this definition, “control” (including the
correlative terms “controlling”, “controlled by” and “under common control
with”), with respect to any Person, shall mean possession, directly or
indirectly, of the power to direct or cause the direction of the management and
policies of such Person, whether through the ownership of voting securities or
by contract or otherwise.  The holding
of Shares of the Company and/or sending an observer to Board (or Board
committee) meetings of the Company), shall not in and of itself cause the
Purchaser to be deemed to be an “Affiliate” of the Company.

 

2

 

“Agreement”
means this Stock Purchase Agreement (together with Exhibits and Schedules) as
such may be from time to time assigned, supplemented or amended or as the terms
hereof may be waived.

 

“BCP Revolving
Credit Facility” means that certain amended and restated revolving credit
facility dated September 17, 2002 between the Doe Run Peru S.R.L. and
Banco de Credito del Peru.

 

“Board”
means with respect to any Person which is a corporation, a business trust or
other entity, the board of directors or other group, however designated, which
is charged with legal responsibility for the management of such Person, or any
committee of such board of directors or group, however designated, which is
authorized to exercise the power of such board or group in respect of the
matter in question.

 

“Closing”
has the meaning set forth in Section 2(a) hereof.

 

“Closing Date”
has the meaning set forth in Section 2(a) hereof.

 

“Common Stock”
means the Company’s Common Stock, par value $.10 per share, and shall also
include any common stock of the Company hereafter authorized and any capital
stock of the Company of any other class hereafter authorized which is not
preferred as to dividends or assets over any other class of capital stock of
the Company or which has ordinary voting power for the election of directors of
the Company.

 

“Company”
means The Doe Run Resources Corporation, Inc., a New York corporation, its
successors and assigns.

 

“Congress/CIT
Credit Facility” means the Amended and Restated Loan and Security Agreement
dated October 29, 2002 by and among the Company and the Borrowers named
therein, the Guarantor named therein, the Financial Institutions named therein,
Congress Financial Corporation, as Agent and The CIT Group/Business Credit,
Inc. as Co-Agent.

 

“Consolidated”
or “consolidated”, when used with reference to any financial term in
this Agreement, means the aggregate for the Company and any of its
majority-owned Subsidiaries of the amounts signified by such term for all such
Persons, with intercompany items eliminated, and, with respect to net worth,
after eliminating the portion of net worth properly attributable to minority
interests, if any, in the capital of any such Person (other than in the capital
of the Company) and otherwise as determined in accordance with generally
accepted accounting principles consistently applied (except as otherwise
expressly provided herein).

 

“Exchange Offer”
means the exchange offer as set forth in the Offering Memorandum.

 

3

 

“Governmental
Authority” means any federal, state, or local governmental agency or
authority (including regulatory authority) having jurisdiction over the Company
or any of its respective assets or businesses.

 

“Holders”
means holders of the Company’s 11.25% Senior Secured Notes due 2005, Series B;
11.25% Senior Notes due 2005, Series B; and Floating Interest Rate Senior Notes
due 2003, Series B.

 

“Investor
Rights Agreement” means the Investor Rights Agreement dated as of October
29, 2002 by and among the Company, Doe Run Acquisition Corporation, the
Purchaser and State Street Bank and Trust Company.

 

“Lien”
means any mortgage, pledge, hypotheca­tion, assignment, deposit arrangement,
encumbrance, or preference, priority or other security interest of any kind or
nature whatsoever (including, without limitation, any conditional sale or other
title retention agreement, any financing lease having substantially the same
effect as any of the foregoing, any assignment or other conveyance of any right
to receive income and any assignment of receivables with recourse against the
assignor), any filing of a financing statement as debtor under the Uniform
Commercial Code or any similar statute and any agreement to give or make any of
the foregoing.

 

“New Senior
Secured Credit Facility” means that certain senior secured credit facility
dated October 29, 2002 among the Company, the lenders party thereto and
Regiment Capital Advisors, L.L.C.

 

“Offering Memorandum”
has the meaning set forth in the recitals.

 

“Outstanding”
or “outstanding” means (a) when used with reference to the Shares as of
a particular time, all Shares theretofore duly issued except (i) Shares
theretofore reported as lost, stolen, mutilated or destroyed or surrendered for
transfer, exchange or replacement, in respect of which new or replacement
Shares have been issued by the Company, (ii) Shares theretofore canceled
by the Company and (iii) Shares registered in the name of, as well as Shares
owned beneficially by, the Company or any of its Affiliates.  For purposes of the preceding sentence, in
no event shall “Affiliates” include (x) the Purchasers or (y) any Affiliates of
the Purchasers.

 

“Person” or
“person” means an individual, corporation, partnership, limited
liability company, firm, association, joint venture, trust, unincorporated
organization, government, governmental body, agency, political subdivision or
other entity.

 

“Preferred
Stock” means any class of the capital stock of a corporation (whether or
not convertible into any other class of such capital stock) which has any
right, whether absolute or contingent, to receive dividends or other
distributions of the assets of such corporation (including, without limitation,
amounts payable in the event of the voluntary or involuntary liquidation,
dissolution or winding-up of such corporation), which right is superior
to the rights of another class of the capital stock of such corporation.  “Preferred Stock” includes the Series A
Preferred.

 

4

 

“Purchaser”
means The Renco Group, Inc., a New York Corporation.

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules, regulations and
interpretations thereunder.

 

“Securities
Exchange Act” means the Securities Exchange Act of 1934, as amended, and
the rules, regulations and interpretations thereunder.

 

“Series A
Preferred” means the Company’s Series A Redeemable Preferred Stock, par
value $1,000 per share.

 

“Shares”
has the meaning set forth in Section 1(a) hereof.

 

“Subsidiary”,
with respect to any Person, means any corporation, association or other entity
of which more than 50% of the total voting power of shares of stock or other
equity interests (without regard to the occurrence of any contingency) to vote
in the election of directors, managers or trustees is, at the time as of which
any determination is being made, owned or controlled, directly or indirectly,
by such Person or one or more of its Subsidiaries, or both.  The term “Subsidiary” or “Subsidiaries”
when used herein without reference to any particular Person, means a Subsidiary
or Subsidiaries of the Company.

 

“Tax” or “Taxes”
means all federal, state, local or foreign net or gross income, gross receipts,
net proceeds, sales, use, ad valorem, value added, franchise, bank
shares, withholding, payroll, employment, excise, property, alternative or
add-on minimum, environmental or other taxes, assessments, duties, fees, levies
or other governmental charges of any nature whatsoever, whether disputed or
not, together with any interest, penalties, additions to tax or additional
amounts with respect thereto.

 

“Taxing
Authority” means any governmental agency, board, bureau, body, department
or authority of any United States federal, state or local jurisdiction, or any
foreign jurisdiction, having or purporting to exercise jurisdiction with
respect to any Tax.

 

“Transaction
Documents” means each of this Agreement, the documents governing the New
Senior Secured Credit Facility, the documents governing the Congress/CIT Credit
Facility (together with any document ancillary thereto to be executed in
accordance therewith), the Warrant Agreement, the Investor Rights Agreement and
any other agreement entered into pursuant to the Offering Memorandum.

 

“Transaction”
or “Transactions” means each of the Exchange Offer, the New Senior
Secured Credit Facility, the Congress/CIT Credit Facility and sale of the
Shares to the Purchaser pursuant to the terms hereunder and the consummation by
the Company of any other transaction required pursuant to any Transaction
Document.

 

“Warrant
Agreement” means that certain Warrant Agreement dated October 29, 2002
between the Company and State Street Bank and Trust Company, as Warrant Agent.

 

5

 

(b)  For all purposes of this
Agreement, except as otherwise expressly provided or unless the context
otherwise requires:

 

(i)       the words “herein”,
“hereof” and “hereunder” and other words of similar import refer to this Agreement
as a whole and not to any particular Section or other subdivision;

 

(ii)       all accounting terms not
otherwise defined herein have the meanings assigned to them in accordance with
generally accepted accounting principles consistently applied (except as
otherwise provided herein);

 

(iii)      all computations provided
for herein, if any, shall be made in accordance with generally accepted
accounting principles consistently applied (except as otherwise provided
herein);

 

(iv)      any uses of the masculine,
feminine or neuter gender shall also be deemed to include any other gender, as
appropriate;

 

(v)       all references herein to
actions by the Company, such as “create”, “sell”, “transfer”, “dispose of”,
etc., mean such action whether voluntary or involuntary, by operation of law or
otherwise;

 

(vi)      the Exhibits and Schedules
to this Agreement shall be deemed a part of this Agreement;

 

(vii)     each of the representations
and warranties of the Company contained in Section 4 hereof is separate
and is not limited, qualified or modified by the existence, wording or
satisfaction of any other representation or warranty of the Company in
Section 4 or otherwise;

 

(viii)     each of the covenants of the
Company contained in Sections 7 and 8 hereof or otherwise contained in
this Agreement is separate and is not limited or satisfied by the existence,
wording or satisfaction of any other covenant of the Company in Section 7
and 8 or otherwise; and

 

(ix)      all references herein (in
covenants or otherwise) to any action(s) which are to be taken (or which are
prohibited from being taken) by any Person or the Company shall apply to such
Person or the Company, as the case may be, whether such action is taken
directly or indirectly.

 

SECTION 4.      REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

The Company represents
and warrants to the Purchaser as follows as of the date hereof:

 

6

 

4.1  Corporate Existence, Power
and Authority.

 

(a)  The Company is a corporation
duly organized, validly existing and in good standing under the laws of its
jurisdiction of incorporation.  The
Company is duly qualified, licensed and authorized to do business and is in
good standing in each jurisdiction in which it owns or leases any property or
in which the conduct of its business requires it to so qualify or be so
licensed, except for such jurisdictions where the failure to so qualify or be
so licensed would not have a material adverse effect on the Company’s assets,
properties, liabilities, business, affairs, results of operations, condition
(financial or otherwise) or prospects.

 

(b)  No proceeding has been commenced
looking toward the dissolu­tion or merger of the Company or the amendment of
its Certificate of Incorporation other than as is contemplated by the
Transactions.  The Company is not in
violation in any respect of its Certificate of Incorporation or By-Laws, as
such exist on the date hereof nor will it be in violation of its Certificate of
Incorporation or By-Laws, assuming such have adopted in the form attached as Exhibits
A and B hereto.

 

(c)  The Company has all requisite
power, authority (corporate and other) and legal right to own or to hold under
lease and to operate the properties it owns or holds and to conduct its
business as now being conducted.

 

(d)  The Company has all requisite
power, authority (corporate and other) and legal right to execute, deliver,
enter into, consummate the Transactions contemplated by, and perform its
obligations under, (x) this Agreement, including, without limitation, the
issuance by the Company of the Shares as contemplated herein and (y) each of
the other Transaction Documents.  The
execution, delivery and performance of this Agreement (including, without
limitation, the issuance by the Company of the Shares of the Purchaser as contemplated
herein) has been duly authorized by all required corporate and other
actions.  The Company has duly executed
and delivered this Agreement.  This
Agreement and each of the other Transaction Documents to which the Company is a
party constitutes the legal, valid and binding obligations of the Company
enforceable in accordance with their respective terms, subject to bankruptcy,
insolvency, reorganization, moratorium and other similar laws relating to the
rights of creditors generally or under general principles of equity.

 

4.2  Capital Stock.

 

(a)  Schedule 4.2 (a) hereto
correctly and completely lists, after giving effect to the consummation of the
Transactions, (i) the authorized capital stock of the Company (Common Stock and
Preferred Stock), (ii) the number of designated shares of Preferred Stock in
each series or class and (iii) after giving effect to the issuance of Shares on
the Closing Date, as contemplated by this Agreement, the number of shares
outstanding in each series or class of capital stock of the Company.  All of such outstanding shares are, or on
the Closing Date will be, duly authorized, validly issued and outstanding,
fully paid and non-assessable.  None of
the shares of the Company’s capital stock which will be outstanding at the
Closing, by the terms thereof, (i) were or will be subject to preemptive
rights when issued or (ii) provide the holders thereof with any preemptive
rights with respect to any issuances of capital stock.

 

7

 

(b)  Except as set forth in the
Warrant Agreement and as otherwise described in the Offering Memorandum and as
contemplated by the other Transaction Documents, there are no outstanding
options, warrants, subscriptions, rights, convertible securities or other agreements
or plans under which the Company may become obligated to issue, sell or
transfer shares of its capital stock or other securities.

 

(c)  There are no voting agreements,
voting trusts, proxies or other agreements or understandings with respect to
the voting of any capital stock of the Company of which the Company is a party,
other than (i) as described in the Offering Memorandum and/or (ii) as required
pursuant to the consummation of the Transactions or any of the Transaction
Documents.

 

4.3  Subsidiaries.

 

Schedule 4.3 lists the
Subsidiaries of the Company.

 

4.4  Business.

 

The Company is engaged in
(a) the business of mining, smelting, refining and recycling metals, (b) the
business of fabricating metal products and (c) other activities related
thereto.

 

4.5  No Defaults or Conflicts.

 

(a)  Except as disclosed in the
Offering Memorandum, (i) the Company is not in violation or default in any
material respect under any indenture, agreement or instrument to which it is a
party or by which it or its properties may be bound and (ii) the Company is not
in default in any material respect under any material order, writ, injunction,
judgment or decree of any court or other Governmental Authority or
arbitrator(s).

 

(b)  The execution, delivery and pe­rformance
by the Company of this Agreement and any of the Transactions contemplated
hereby or thereby (including, without limitation, the issuance of the Shares as
contemplated herein) do not and will not (i) vi­olate or conflict with,
with or without the giving of notice or the passage of time or both, any
provision of (A) the Amended and Restated Certificate of Incorporation or the
Amended and Restated By-Laws of the Company (as such exist on the date hereof
and/or in the form to be adopted at the Closing and attached as Exhibits A and
B hereto, (B) any law, rule, regulation or order of any federal, state,
county, municipal or other Governmental Authority, (C) any judgment, writ,
injunction, decree, award or other action of any court or Governmental
Authority or arbitrator(s), or (D) any agreement, indenture or other instrument
applicable to the Company or any of its respective properties, (ii) result in
the creation of any Lien upon any of the Company’s pro­perties, assets or
revenues, (iii) require the consent, waiver, approval, order or authorization
of, or declaration, registration, qualification or filing with, any Person
(whether or not a Governmental Authority and including, without limitation, any
shareholder approval) (other than any necessary approvals which have been
obtained prior to the Closing Date), or (iv) cause antidilution clauses of any
outstanding securities to become operative or give rise to any preemptive
rights.  No provision of any item
referred to in Sections (A) and (C) of the preceding clause (i) materially
adversely affects the ability of the Company to perform its obligations under
this Agreement or any of the 

 

8

 

Transactions contemplated hereby or thereby or any Transaction Document
to be executed pursuant to the consummation thereof.

 

4.6  Litigation.

 

There is no action, suit,
proceeding, investigation or claim pending or, to the knowledge of the Company,
threatened in law, equity or otherwise before any court, administrative agency
or arbitrator which (i) questions the validity of any of the Transaction
Documents or any action taken or to be taken pursuant hereto or thereto, (ii)
might adversely affect the right, title or interest of the Purchaser to the
Shares or (iii) except as is otherwise disclosed in the Offering Memorandum,
might result in a material adverse change in the assets, properties,
liabilities, business, affairs, results of operations, condition (financial or
otherwise) or prospects of the Company on a consolidated basis.

 

4.7  Legal Compliance.

 

(a)  Except as is otherwise disclosed
in the Offering Memorandum, the Company has complied with all applicable laws,
rules, regulations, orders, licenses, judgments, writs, injunctions, decrees or
demands, except to the extent that failure to so comply would not materially
adversely affect the assets, properties, liabilities, business affairs, results
of operations, condition (financial or otherwise) or prospects of the Company
on a consolidated basis.

 

(b)  Except as is otherwise disclosed
in the Offering Memorandum, there are no adverse orders, judgments, writs,
injunctions, decrees, or demands of any court or administrative body, domestic
or foreign, or of any governmental agency or instrumentality, domestic or
foreign, outstanding against the Company.

 

4.8  Key Employees.

 

The Company has good
relationships with its employees and has not had and does not expect any
substantial labor problems.  The Company
has no knowledge as to any intentions of any key employee or any group of
employees to leave the employ of the Company.

 

4.9  Brokers.

 

No broker, finder or
investment banker or other party is entitled to any brokerage, finder’s or
other similar fee or commission in connection with this Agreement or any of the
Transactions contemplated hereby or thereby, based upon arrangements made by or
on behalf of the Company or any of its Affiliates.

 

SECTION 5.      REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

 

The Purchaser represents
and warrants to the Company as follows:

 

9

 

5.1  Corporate Power and Authority.

 

The Purchaser has all
requisite power, authority and legal right to execute, deliver, enter into,
consummate the Transactions contemplated by and perform its obligations under
this Agreement.  The execution, delivery
and performance of this Agreement by the Purchaser have been duly authorized by
all required corporate and other actions. 
The Purchaser has duly executed and delivered this Agreement, and this
Agreement constitutes the legal, valid and binding obligations of the Purchaser
enforceable against the Purchaser in accordance with its terms, subject to
bankruptcy, insolvency, reorganization, moratorium and other similar laws
relating to the rights of creditors generally or under general principles of
equity.

 

5.2  Investment Intent.

 

The Purchaser is capable
of evaluating the risk of its investment in the Shares being purchased by it
hereunder, has been advised by counsel as to the risk of such investment and is
able to bear the economic risk of such investment.  The Purchaser is purchasing the Shares to be purchased by it for
its own account for investment and not with a present view to any distribution
thereof in violation of applicable securities laws; provided, however,
that the Purchaser may transfer record and/or beneficial ownership of the
Shares to one or more Affiliates, officers or employees of Affiliates, in all
cases in compliance with federal securities laws.  It is understood that the disposition of the Purchaser’s property
shall at all times be within the Purchaser’s control.  If the Purchaser should in the future decide to dispose of any of
its Shares, it is understood that it may do so only in compliance with the
Securities Act, applicable state and federal securities laws, this Agreement
and the other Transaction Documents. 
The Purchaser is an “accredited investor” as defined in Rule 501(a)
under the Securities Act.

 

5.3  Brokers.

 

Except as disclosed on
Schedule 5.3 hereto, no broker, finder or investment banker or other party is
entitled to any brokerage, finder’s or other similar fee or commission in
connection with this Agreement or any of the Transactions contemplated hereby,
based upon arrangements made by or on behalf of the Purchaser or any of its
Affiliates.

 

SECTION 6.      RESTRICTIONS ON TRANSFER

 

The Purchaser agrees that
it shall not sell or otherwise dispose of any Shares unless, subject to any
other restrictions contained in the Transaction Documents or that otherwise
govern the Series A Preferred, such Shares have been registered under the
Securities Act and, to the extent required, under any applicable state
securities laws, or pursuant to an applicable exemption from such registration
requirements.  The Company may endorse
on all certificates representing Shares a legend stating or referring to such
transfer restrictions; provided, that no such legend shall be endorsed
on any Share certificates that, when issued, are no longer subject to the
restrictions of this Section 6. 
The Purchaser shall provide the Company with an opinion of its counsel
stating that the transfer of such Shares is in compliance with all federal
securities laws.  The Company shall not
unreasonably delay the transfer of such Shares.

 

10

 

SECTION 7.      AFFIRMATIVE COVENANTS

 

The Company covenants and
agrees as follows:

 

7.1  Maintenance of Existence,
Properties and Franchises; Compliance with Law; Taxes; Insurance.

 

The Company will:

 

(a)  maintain its corporate
existence, rights and other franchises in full force and effect;

 

(b)  maintain its tangible assets in
good repair, working order and condition so far as necessary or advantageous to
the proper carrying on of its businesses; and

 

(c)  comply with all applicable laws
and with all applicable orders, rules, rulings, certificates, licenses,
regulations, demands, judgments, writs, injunctions and decrees, provided,
that such compliance shall not be necessary so long as (i) the
applicability or validity of any such law, order, rule, ruling, certificate,
license, regulation, demand, judgment, writ, injunction or decree shall be
contested in good faith by appropriate proceedings and (ii) failure to so
comply will not have a material adverse effect on the assets, properties,
liabilities, business, affairs, results of operations, condition (financial or
otherwise) or prospects of the Company on a consolidated basis.

 

7.2  Senior Securities.

 

The Company shall
maintain the senior status of the Series A Preferred such that it shall rank
senior in all respects, including the payment on liquidation and redemption, to
all other equity securities of the Company.

 

7.3  Further Assurances.

 

From time to time, upon
the Purchaser’s (a) reasonable request, the Company shall promptly and duly
execute and deliver any and all such further instruments and documents as the
Purchaser may reasonably deem necessary or desirable to obtain the full
benefits of the obligations of the Company under this Agreement and the other
rights and powers herein granted, and (b) reasonable instructions, the Company
shall execute and cause to be filed any document or filing presented to the
Company in proper form for signing or filing, in each case as the Purchaser may
reasonably deem necessary or desirable in light of and in connection with the
Company’s obligations under this Agreement to further effectuate the intent
hereunder, and the Company shall pay or cause to be paid any filing or other
fees in connection therewith.

 

7.4  Certificate of Incorporation
and By-Laws

 

(a)  The Company shall take all
action necessary so that the Amended and Restated Certificate of Incorporation
and the Amended and Restated By-Laws of the Company to be adopted at the
Closing remain in full force and effect and shall not amend or attempt to 

11

 

amend either the Amended and Restated Certificate of Incorporation or
the Amended and Restated By-Laws except pursuant to obligations arising under
any of the Transaction Documents or as is otherwise permitted pursuant to the
terms of such Certificate of Incorporation and By-Laws in the form attached as
Exhibits A and B hereto.

 

SECTION 8.      NEGATIVE COVENANTS

 

8.1  No Avoidance of Obligations.

 

The Company will not, by
amendment of its Amended and Restated Certificate of Incorporation or through any
consolidation, merger, reorganization, transfer of assets, dissolution, issue
or sale of securities or any other voluntary action, avoid or seek to avoid the
observance or performance of any of the terms of this Agreement.

 

8.2  No Change in Business.

 

The Company will not
change substantially the character of its business as described in the Offering
Memorandum except as is otherwise contemplated by the Transaction Documents and
described in the Offering Memorandum.

 

8.3  Private Placement Status.

 

Neither the Company nor
any agent nor other Person acting on the Company’s behalf will do or cause to
be done (or will omit to do or to cause to be done) any act which act (or which
omission) would result in bringing the issuance or sale of the Shares within the
provisions of Section 5 of the Securities Act or the filing, notification or
reporting requirements of any state securities law.

 

SECTION 9.      CONDITIONS TO PURCHASER’S OBLIGATIONS

 

The Purchaser’s
obligation to purchase Shares hereunder is subject to the simultaneous or prior
satisfaction of the following conditions at the Closing (any of which may be
waived by the Purchaser): provided that Sections 9.4 and 9.5 are
conditions to the obligations to consummate the Transaction provided for herein
of each of (i) the Purchaser and (ii) the Company.

 

9.1  Amendment to Certificate of
Incorporation and By-Laws

 

The Company shall have
taken all steps necessary to amend its Certificate of   Incorporation and By-Laws, so that such Charter documents are in
the form attached as Exhibits A and B hereto.

 

9.2  Certificates for Shares.

 

The Purchaser shall
receive the certificates for Shares contemplated by Section 2(b) hereof.

 

12

 

9.3  Senior Status.

 

The Company shall have taken
all of the necessary actions so that the Series A Preferred shall rank senior
in all respects, including the payment on liquidation and redemption, to all
other equity securities of the Company.

 

9.4  Consummation of the Exchange
Offer.

 

Each of the conditions of
the Exchange Offer shall have been met and the Exchange Offer shall have been
consummated on the terms described in the Offering Memorandum.

 

9.5  Consummation/Existence of
Credit Facilities.

 

The Congress/CIT Credit
Facility and the New Senior Secured Credit Facility shall have been consummated
substantially in the form described in the Offering Memorandum and the BCP
Revolving Credit Facility shall be in existence without any material default
thereunder.

 

9.6  Accuracy of Representations
and Warranties.

 

The representations and
warranties of the Company contained in this Agreement herein or in any
certificate or document delivered pursuant hereto shall be correct and complete
on and as of the Closing Date with the same effect as though made on and as of
the Closing Date (after giving effect to the Transactions contemplated by this
Agreement).

 

9.7  Compliance with Agreements.

 

The Company shall have
performed and complied in all material respects with all agreements, covenants
and conditions contained in this Agreement and any other document contemplated
hereby which is required to be performed or complied with by the Company on or
before the Closing Date.

 

9.8  Officers’ Certificates.

 

The Purchaser shall have
received a certificate dated the Closing Date and signed by the President and
by the Chief Financial Officer of the Company, to the effect that the
conditions of Sections 9.4, 9.5, 9.7 and 9.10 (second sentence only) have
been satisfied.

 

9.9  Proceedings.

 

All corporate and other
proceedings in connection with the Transactions contemplated by this Agreement,
and all documents incident thereto, shall be in form and substance reasonably
satisfactory to the Purchaser and its counsel, and the Purchaser shall have
received all such originals or certified or other copies of such documents as
the Purchaser or its counsel may reasonably request.

 

13

 

9.10  Legality; Governmental
and Other Authorization.

 

The purchase of and
payment for the Shares shall not be prohibited by any law or governmental
order, rule, ruling, regulation, release, interpretation or opinion applicable
to the Purchaser and shall not subject the Purchaser to any penalty, tax,
liability or other onerous condition. 
Any necessary consents, approvals, licenses, permits, orders and
authorizations of, and any filings, registrations or qualifications with, any
governmental or admini­strative agency or other Person, with respect to the
sale of the Shares pursuant to this Agreement shall have been obtained or made
and shall be in full force and effect. 
The Company shall have delivered to the Purchaser, upon its reasonable
request setting forth what is required, factual certificates or other evidence,
in form and substance reasonably satisfactory to the Purchaser and its counsel,
to enable the Purchaser to establish compliance with this condition.

 

9.11  Other Documents.

 

The Purchaser shall have
received such other documents, in form and substance reasonably satisfactory to
the Purchaser and its counsel, relating to matters incident to the Transactions
contemplated hereby as the Purchaser may reasonably request.

 

SECTION 10.     CONDITIONS TO COMPANY’S OBLIGATIONS

 

The Company’s obligation
to sell Shares hereunder is subject to satisfaction of the following conditions
at the Closing (any of which may be waived by the Company):

 

10.1  Payment of Aggregate
Purchase Price.

 

The Company shall have
received the Aggregate Purchase Price from the Purchaser.

 

SECTION 11.     BREACH OF REPRESENTATIONS, WARRANTIES AND
COVENANTS

 

(a)  The representations, warranties,
covenants and agreements of the Company and the Purchaser contained in this
Agreement or in any document or certificate delivered pursuant hereto or in
connection herewith shall survive from the Closing Date, and shall continue in
effect following the execution and delivery of this Agreement, the closing
hereunder, any investigation at any time made by the Purchaser or on its behalf
or by any other Person and the issuance, sale and delivery of the Shares.  All statements contained in any certificate
or other document delivered by or on behalf of the Company pursuant hereto
shall constitute representations and warranties by the Company hereunder.

 

(b)  The Company agrees to indemnify
and hold the Purchaser harmless from and against and will pay to the Purchaser
an amount sufficient to indemnify the Purchaser against the full amount of any
loss, damage, liability or expense (including amounts paid in settlement and
reasonable attorneys’ fees and expenses) to the Purchaser resulting either
directly or indirectly from any breach of the representations, warranties,
covenants or agreements of the Company

 

14

 

contained in any Agreement or any other document or certificate
delivered pursuant hereto or in connection herewith.

 

SECTION 12.     EXPENSES

 

(a)  In addition to all other sums
due hereunder or provided for in this Agreement, the Company shall pay to the
Purchaser or its agents, respectively, an amount sufficient to indemnify such
persons against all reason­able costs and expenses (including reasonable
attorneys’ fees and expenses and reasonable costs of investigation) and damages
and liabilities incurred by the Purchaser or its agents pursuant to any
third-party investigation or proceeding against any or all of the Company, the
Purchaser or their agents, arising out of or in connection with this Agreement
or the Purchaser’s purchase of the Shares (or any other document or instrument
executed herewith or pursuant hereto), whether or not the Transactions are
consummated, which investigation or proceeding requires the participation of
the Purchaser or its agents or is commenced or filed against the Purchaser or
its agents because of this Agreement or the Purchaser’s purchase of the Shares
(or any other document or instrument executed herewith or pursuant hereto),
other than any investigation or proceeding in which it is finally determined
that there was (i) gross negligence or willful misconduct on the part of the
Purchaser or its agents or (ii) a material breach by Purchaser of any of its
representations or warranties contained herein.  The Company shall assume the defense, and shall appoint counsel
of its choice to represent the Purchaser and such agents, in con­nection with
investigating, defending or preparing to defend any such action, suit, claim or
proceeding (including any inquiry or investigation); provided, however,
that the Purchaser, or any such agent, shall have the right (without releasing
the Company from any of its obligations hereunder) to employ its own counsel
and either to direct its own defense or to participate in the Company’s
defense, but the fees and expenses of such counsel shall be at the expense of
such person un­less (i) the employment of such counsel shall have been
authorized in writing by the Company in connection with such defense, (ii) the
Company shall not have provided its counsel to take charge of such defense or
(iii) there may be defenses avail­able to the Purchaser, or such agent of the
Purchaser which are different from or ad­ditional to those available to the
Company, then in any of such events referred to in clauses (i), (ii) or (iii)
such reasonable counsel fees and expenses (but only for one counsel for the
Purchaser and its agents) shall be borne by the Company.  Any settlement of any such action, suit,
claim or proceeding shall require the consent of both the Company and such
indemnified person (neither of which shall unreasonably withhold its consent).

 

(b)  The Company agrees to pay, or to
cause to be paid, all documentary, stamp and other similar Taxes, other than
transfer taxes payable upon the transfer by the Purchaser of Shares to a
Transferee, which transfer taxes shall be paid by the Transferee, levied under
the laws of the United States of America, any state or local Taxing Authority
thereof or therein or any other applicable jurisdiction in connection with the
issuance and sale of the Shares and the execution and delivery of this
Agreement and any other documents or instruments contemplated hereby and will
hold the Purchaser harmless without limitation as to time against any and all
liabilities with respect to all such Taxes.

 

(c)  The obligations of the Company
under this Section 12 shall survive the Closing hereunder and any termination
of this Agreement.

 

15

 

SECTION 13.     DIRECT PAYMENTS

 

As long as the Purchaser
shall be the holder of any Shares, the Company will make all redemption
payments, liquidation payments and other distributions by wire transfer to the
Purchaser’s or such other holder’s (or its nominee’s) account at any bank or
trust company, notwithstanding any contrary provision herein or in the
Company’s Amended and Restated Certificate of Incorporation with respect to the
place of payment.  All such payments
shall be made in U.S. dollars and in federal or other immediately available
funds.

 

SECTION 14.     AMENDMENTS AND WAIVERS

 

The terms and provisions
of this Agreement may be amended, waived, modified or terminated only with the
written consent of each of the Purchaser and the Company.

 

SECTION 15.     EXCHANGE OF SHARES; CANCELLATION OF SURRENDERED SHARES; REPLACEMENT

 

(a)  Subject to Section 6 hereof, at
any time at the request of the Purchaser to the  at its address provided under Section 16 hereof, the Company at
its expense will issue and deliver to or upon the order of the Purchaser in
exchange therefor a new certificate or certificates in such amount or amounts
as the Purchaser may request in the aggregate representing the number of Shares
represented by such surrendered certificates, and registered in the name of the
Purchaser.

 

(b)  Upon receipt of evidence
satisfactory to the Company of the loss, theft, destruction or mutilation of
any Share certificate and, in the case of any such loss, theft or destruction,
upon delivery of an indemnity agreement reasonably satisfactory to the Company
(if requested by the Company and unsecured in the case of the Purchaser or
another similar institutional holder), or in the case of any such mutilation,
upon surrender of such Share certificate, (which surrendered Share certificate
shall be canceled by the Company), the Company will issue a new Share
certificate of like tenor in lieu of such lost, stolen, destroyed or mutilated
Share certificate, as if the lost, stolen, destroyed or mutilated Share
certificate were then surrendered for exchange.

 

SECTION 16.     NOTICES

 

All notices, requests,
demands, consents and other communications hereunder shall be in writing and
shall be delivered by hand or shall be sent by telex or telecopy (confirmed by
registered, certified or overnight mail or courier, postage and delivery
charges prepaid), (i) if to the Company, to The Doe Run Resources
Corporation, 1801 Park 270 Drive, Suite 300, St. Louis, MO 63146, Attention:
Marvin Kaiser or (ii) if to the Purchaser, to The Renco Group, Inc., 30
Rockefeller Plaza, 42nd Floor, New York, NY 10112, Attention: Ira
Leon Rennert, or at such other address as a party may from time to time
designate as its address in writing to the other party to this Agreement.  Whenever any notice is required to be given
hereunder, such notice

 

16

 

shall be deemed given and such requirement satisfied only when such
notice is delivered or, if sent by telex or telecopier, when received.

 

SECTION 17.     MISCELLANEOUS

 

(a)  This Agreement, together with
any further agreements entered into by the Purchaser and the Company at the
Closing hereunder, contains the entire agreement between the Purchaser and the
Company, and supersede any prior oral or written agreements, commitments, terms
or understandings, regarding the subject matter hereof.

 

(b)  Any provision of this Agreement
which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.  To the extent permitted by applicable law,
the parties hereby waive any provision of law which may render any provision
hereof prohibited or unenforceable in any respect.

 

(c)  This Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective
successors and assigns, whether so expressed or not; provided, that (a)
the Company may not assign any of its rights, duties or obligations under this
Agreement, except with the Purchaser’s written consent, and (b) the Purchaser
may assign any of its rights, duties or obligations under this Agreement to a
purchaser of its Shares, provided further that such purchaser is
reasonably acceptable to the Company and that such purchaser agrees in writing
to assume the obligations of the Purchaser under this  Agreement.

 

(d)  In addition to any assignment by
operation of law, the Purchaser may assign, in whole or in part, any or all of
its rights (and/or obligations) under this Agreement to any permitted transferee
of any or all of its Shares, and (unless such assignment expressly provides
otherwise) any such assignment shall not diminish the rights the Purchaser
would otherwise have under this Agreement or with respect to any remaining
Shares held by the Purchaser.

 

(e)  No course of dealing and no
delay on the part of any party hereto in exercising any right, power, or remedy
conferred by this Agreement shall operate as a waiver thereof or otherwise
prejudice such party’s rights, powers and remedies.  No single or partial exercise of any right, power or remedy
conferred by this Agreement shall preclude any other or further exercise
thereof or the exercise of any other right, power or remedy.

 

(f)  The headings and captions in
this Agreement are for convenience of reference only and shall not define,
limit or otherwise affect any of the terms or provisions hereof.

 

(g)  This Agreement shall be governed
by, and construed in accordance with, the laws of the State of New York (other
than any conflict of laws rule which might result in the application of the
laws of any other jurisdiction).

 

17

 

(h)  This Agreement may be executed
by the parties hereto in separate counterparts, each of which when so executed
and delivered shall be an original, but all such counterparts shall together
constitute one and the same instrument, and all signatures need not appear on
any one counterpart.

 

(i)   THE COMPANY HEREBY CONSENTS TO
THE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE COUNTY OF NEW
YORK, STATE OF NEW YORK AND IRREVOCABLY AGREES THAT, SUBJECT TO THE PURCHASER’S
ELECTION, ALL ACTIONS OR PROCEEDINGS RELATING TO THIS AGREEMENT OR THE SHARES
MAY BE LITIGATED IN SUCH COURTS.  EACH
OF THE COMPANY AND THE PURCHASER AGREE TO USE THEIR BEST GOOD FAITH EFFORTS TO
RESOLVE ANY DISPUTES BETWEEN THEM, WHETHER BY MEDIATION, INFORMAL EFFORTS OR
OTHERWISE, PRIOR TO INITIATING ANY ACTIONS OR PROCEEDINGS IN ANY STATE OR
FEDERAL COURT LOCATED WITHIN THE COUNTY OF NEW YORK, STATE OF NEW YORK.  THE COMPANY ACCEPTS FOR ITSELF AND IN
CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE
JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON
CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED
(SUBJECT TO APPEAL) THEREBY IN CONNECTION WITH THIS AGREEMENT OR THE
SHARES.  NOTHING HEREIN SHALL AFFECT THE
RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE
RIGHT OF THE PURCHASER TO BRING PROCEEDINGS OR OBTAIN OR ENFORCE JUDGMENTS
AGAINST THE COMPANY IN THE COURTS OF ANY OTHER JURISDICTION.

 

(j)   THE COMPANY AND THE PURCHASER
HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF
ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR THE SHARES, OR ANY
DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS TRANSACTION.  THE COMPANY AND THE PURCHASER ALSO WAIVE ANY
BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS WAIVER, BE
REQUIRED OF THE PURCHASER.  THE SCOPE OF
THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY
BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS
TRANSACTION, INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.  THE COMPANY AND THE PURCHASER FURTHER
WARRANT AND REPRESENT THAT EACH HAS REVIEWED THIS WAIVER WITH ITS LEGAL
COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS
FOLLOWING CONSULTATION WITH LEGAL COUNSEL. 
THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER
ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS,
RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO (OR ASSIGNMENTS OF) THIS AGREEMENT OR
THE SHARES.  IN THE EVENT OF LITIGATION,
THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL (WITHOUT A JURY) BY
THE COURT.

 

18

 

(k)  All fees, costs and expenses
(including reasonable attorneys’ fees and expenses) incurred by the prevailing
party in any judicial action or proceeding seeking to enforce the terms of this
Agreement shall be paid by the non-prevailing party in such action.

 

 

[remainder of page intentionally left blank]

 

19

 

                IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first above written.

 

	
   

  	
   

  	
  THE DOE RUN RESOURCES CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Marvin Kaiser

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Marvin Kaiser

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Accepted and Agreed to as of the
date first above written by the  
undersigned Purchaser:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  THE RENCO GROUP, INC.

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Roger Fay

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Roger Fay

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Vice President—Finance

  	
   

  	
   

  	
   

  
									

 

 

EXHIBIT A

 

AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION OF THE COMPANY

 

 

EXHIBIT B

 

AMENDED AND RESTATED
BY-LAWS OF THE COMPANY

 

 

Schedule 4.2(a) to the
Agreement

 

Upon the adoption of the
Amended and Restated Certificate of Incorporation, the capitalization of the
Company shall be as follows:

 

Capital Stock of the Company

 

(a)  The number of authorized shares
of Common Stock of the Company is 1,667.

 

(b)  The number of authorized shares
of Preferred Stock of the Company is 5,000.

 

(c)  The number of shares of
Preferred Stock designated as Series A Redeemable is 5,000.

 

(d)  There are no designations of
classes of Common Stock.

 

(e)  After giving effect to the
issuance of the Shares on the Closing Date, the number of shares outstanding of
the Series A Redeemable will be 2,000.

 

(f)  After giving effect to the
issuance of the Shares on the Closing Date, the number of shares outstanding of
the Common Stock on the Closing Date will be 1,000.

 

 

Schedule 4.3 to the
Agreement

 

Subsidiaries of the Company

 

The following entities are subsidiaries of the
Company:

 

(a)  DR Land Holdings, LLC

 

(b)  Doe Run Cayman Ltd., A Cayman
Islands Company

 

(c)  Fabricated Products, Inc., a
Delaware Corporation

 

(d)  Doe Run Exploration S.A. Ltd., a
South African Company

 

(e)  The Buick Resource Recycling
Facility, LLC, a Delaware Limited Liability Company

 

(f)  Doe Run Peru S.R.L., a Peruvian
Company

 

(g)  Doe Run Development S.A.C., a
Peruvian Company

 

 

	
   

  
	
   

  
	
   

  
	
  STOCK
  PURCHASE AGREEMENT

  
	
   

  
	
  dated
  as of

  
	
   

  
	
  October
  29, 2002

  
	
   

  
	
  between

  
	
   

  
	
  THE
  DOE RUN RESOURCES CORPORATION

  
	
   

  
	
  and

  
	
   

  
	
  THE
  RENCO GROUP, INC.

  
	
   

  
	
   

  
	
   

  

 

i

 

EXHIBIT A                                              Amended
and Restated Certificate of Incorporation of the Company

EXHIBIT B                                                Opinions
of Counsel for the Company

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