Document:

certactionsbyofc

                                  CERTIFICATE AS TO ACTIONS TAKEN BY OFFICER

                                     OF SOUTHERN CALIFORNIA EDISON COMPANY

                                           Adopted December 4, 2006

               RE:    CREATION AND ISSUANCE OF A NEW SERIES
                      OF FIRST AND REFUNDING MORTGAGE BONDS

               WHEREAS, by resolutions adopted on November 18, 2004, and August 11, 2005, each entitled
"Resolution Re:  Financing Plans," the Board of Directors of this corporation delegated to the undersigned
officer the authority to authorize and create an additional bonded indebtedness of this corporation in the
aggregate principal amount of $400,000,000 to be represented by a new series of its First and Refunding
Mortgage Bonds, Series 2006E (the "New Bonds"), and take all other actions necessary to create the New Bonds
and cause the New Bonds to be issued, sold, and delivered;

               NOW, THEREFORE, BE IT RESOLVED, that pursuant to that resolution and the Trust Indenture dated
as of October 1, 1923, between this corporation and The Bank of New York Trust Company, N.A. (successor to
Harris Trust and Savings Bank) and D. G. Donovan (successor to Pacific-Southwest Trust and Savings Bank), as
Trustees, as amended and supplemented, including as supplemented or proposed to be supplemented by the One
Hundred Fourteenth Supplemental Indenture (collectively, the "Trust Indenture"), the undersigned officer
hereby executes and delivers this certificate and takes the actions set forth herein.

               BE IT FURTHER RESOLVED, that the undersigned officer hereby authorizes and creates an
authorized bonded indebtedness of this corporation in the aggregate principal amount of $400,000,000, which
shall be an increase of, and in addition to, all presently existing

Page 1

authorized bonded indebtedness of this
corporation, and which shall be represented by the New Bonds.

               BE IT FURTHER RESOLVED, that the President or any Vice President and the Secretary or any
Assistant Secretary of this corporation are authorized and directed, pursuant to the provisions of Section 1
of Article Two of the Trust Indenture, to sign and present to The Bank of New York Trust Company, N.A., as
Trustee, a certificate stating that the authorized bonded indebtedness of this corporation has been so
increased.

               BE IT FURTHER RESOLVED, that each of the Chairman of the Board, the Chief Executive Officer,
the President, the Senior Vice President and Chief Financial Officer, the Vice President and Treasurer, or
any Assistant Treasurer, or any of them acting alone, is authorized and directed to execute and deliver the
One Hundred Fourteenth Supplemental Indenture, in such form as the officer acting may approve, such approval
to be evidenced by the execution thereof, and to cause this corporation to perform all of its obligations
under the One Hundred Fourteenth Supplemental Indenture.

               BE IT FURTHER RESOLVED, that, subject to the execution and delivery of the One Hundred
Fourteenth Supplemental Indenture, the New Bonds, to be issued under and secured by the Trust Indenture, are
hereby created in the aggregate principal amount of $400,000,000, and the New Bonds are hereby designated as
"First and Refunding Mortgage Bonds, Series 2006E, Due 2037;" the New Bonds shall be dated as of their date of
issuance, shall mature on January 15, 2037, and shall bear interest from December 11, 2006, at the rate of
5.55% per annum on the principal amount thereof, payable semiannually on  January 15 and July 15 of each
year; the principal of and premium, if any, and interest on the New Bonds shall be payable at the offices of
The Bank of New York Trust Company, N.A., in Chicago, Illinois, or at

Page 2

such other agency or agencies as may be
designated by this corporation; all principal, premium, if any, and interest shall be payable in such coin or
currency of the United States of America as at the time of payment shall be legal tender for public and
private debts; the New Bonds shall be transferable only on the books of this corporation at the places
designated above for the payment of the principal of and premium, if any, and interest on the New Bonds, or
at such other agency or agencies as may be designated by this corporation; the New Bonds shall be redeemable,
at the option of this corporation, in whole or in part, in the manner set forth in the form of definitive New
Bond set forth below; the New Bonds shall be issuable only as fully registered bonds, without coupons, in
denominations of $1,000 and integral multiples of $1,000 in excess thereof; the definitive New Bonds shall be
numbered from R-1 upward; and the definitive New Bonds, and the Certificate of Authentication to be endorsed
upon each of the New Bonds, shall be substantially in the following form with such legends thereon and
changes therein as may be deemed necessary or appropriate by the officer or officers executing the same, and
the blanks therein to be properly filled:

                                    (Form of Definitive Series 2006E Bond)

                                      SOUTHERN CALIFORNIA EDISON COMPANY
                          First and Refunding Mortgage Bonds, Series 2006E, Due 2037

No. ____                                                                $_____________

        SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized and existing under and by virtue of the
laws of the State of California (hereinafter called the "Company"), for value received, hereby promises to
pay to _____________________, the registered owner hereof, the principal sum of $_______________ on January
15, 2037, and to pay interest on the unpaid principal amount hereof to the registered owner hereof from
December 11, 2006, until said principal sum shall be paid, at the rate of 5.55% per annum, payable
semiannually on January 15 and July 15 in each year, beginning July 15, 2007.  Such interest shall be paid to
the person in whose name this Bond is registered at the close of business on (1) the business day immediately
preceding the interest payment date if this Bond is in book-entry only form, or (2) the 15th calendar day
before each interest payment date if this Bond is not in book-entry only form.

Page 3

        The principal of and interest on this Bond are payable at the offices of The Bank of New York Trust
Company, N.A., as Trustee, in Chicago, Illinois, or at such other agency or agencies as may be designated by
the Company, in such coin or currency of the United States of America as at the time of payment is legal
tender for public and private debts.

        This Bond is one of a series, designated as "Series 2006E, Due 2037," of a duly authorized issue of
bonds of the Company, known as its "First and Refunding Mortgage Bonds," issued and to be issued in one or
more series under and all equally and ratably secured by a Trust Indenture dated as of October 1, 1923, and
indentures supplemental thereto, including the One Hundred Fourteenth Supplemental Indenture, dated as of
December 4, 2006, which have been duly executed, acknowledged and delivered by the Company to The Bank of New
York Trust Company, N.A. and D. G. Donovan, or one of their predecessors, as Trustees, to which original
indenture and indentures supplemental thereto (collectively, the "Trust Indenture") reference is hereby made
for a description of the property, rights and franchises thereby mortgaged and pledged, the nature and extent
of the security thereby created, the rights of the holders of this Bond and of the Trustees in respect of
such security, and the terms, restrictions and conditions upon which the bonds are issued and secured.

        This Bond may be redeemed, in whole or in part, at the option of the Company, at any time prior to its
maturity, after notice given in writing (including by facsimile transmission) to the registered owner hereof
at the last address shown on the registry books of the Company, by the Company or The Bank of New York Trust
Company, N.A., as Trustee, at least 30 days, but not more than 60 days, before the date fixed for redemption,
at a redemption price equal to the greater of (1) the principal amount redeemed or (2) the sum of the present
values of the remaining scheduled payments of principal and interest (excluding any interest accrued from the
immediately preceding interest payment date to the date fixed for redemption) on this Bond being redeemed,
discounted to the date fixed for redemption on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Yield plus 20 basis points, plus in each case accrued and unpaid
interest to the date fixed for redemption.

        "Treasury Yield" means, for any date fixed for redemption, the rate per year equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the date
fixed for redemption.

        "Comparable Treasury Issue" means the United States Treasury security or securities selected by an
Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term
to stated maturity of this Bond that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of this Bond.

        "Comparable Treasury Price" means, for any date fixed for redemption, (1) the average of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal
amount) on the third business day preceding the date fixed for redemption, as set forth in the daily
statistical release (or any successor release) published by the

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Federal Reserve Bank of New York and
designated "Composite 3:30 p.m. Quotations for U.S. Government Securities" or (2) if that release (or any
successor release) is not published or does not contain those prices on that business day, (A) the average of
the Reference Treasury Dealer Quotations for the date fixed for redemption, or (B) if the Independent
Investment Banker obtains fewer than four Reference Treasury Dealer Quotations, the average of all of the
Quotations.

        "Independent Investment Banker" means J.P. Morgan Securities, Inc. ("JPMorgan") or its successor or,
if such firm or its successor is unwilling or unable to select the Comparable Treasury Issue, one of the
remaining Reference Treasury Dealers appointed by The Bank of New York Trust Company, N.A., as Trustee, after
consultation with the Company.

        "Reference Treasury Dealer" means (1) ABN AMRO Incorporated ("ABN AMRO"), Greenwich Capital Markets,
Inc. ("RBS"), JPMorgan, and UBS Securities LLC ("UBS") and any other primary U.S. Government securities
dealer in the United States of America (a "Primary Treasury Dealer") designated by, and not affiliated with
ABN AMRO, JPMorgan, RBS or UBS, or their successors, provided, however, that if ABN AMRO, JPMorgan, RBS or
UBS, or any of their designees, ceases to be a Primary Treasury Dealer, the Company will appoint another
Primary Treasury Dealer as a substitute, and (2) any other Primary Treasury Dealer selected by the Company.

        "Reference Treasury Dealer Quotations" means, for each Reference Treasury Dealer and any date fixed
for redemption, the average, as determined by the Independent Investment Banker, of the bid and asked prices
for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m. on the third
business day preceding the date fixed for redemption.

        If the Company elects to redeem fewer than all the Series 2006E Bonds, The Bank of New York Trust
Company, N.A., as Trustee, will select the particular bonds to be redeemed on a pro rata basis, by lot or by
such other method of random selection, if any, that The Bank of New York Trust Company, N.A., as Trustee,
deems fair and appropriate.

        Any notice of redemption, at the Company's option, may state that the redemption will be conditional
upon receipt by the paying agent, on or prior to the date fixed for the redemption, of money sufficient to
pay the principal of and premium, if any, and interest, if any, on the Series 2006E Bonds to be redeemed and
that if the money has not been so received, the notice will be of no force and effect and the Company will
not be required to redeem this Bond.

        The Trust Indenture makes provision for a Special Trust Fund and permits the use of moneys therein for
the purpose, among others, of redeeming or purchasing this Bond.

        If default shall be made in the payment of any installment of principal of or interest on this Bond or
in the performance or observance of any of the covenants and agreements contained in the Trust Indenture, and
such default shall continue as provided in the Trust Indenture, then

Page 5

the principal of this Bond may be
declared and become due and payable as provided in the Trust Indenture.

        This Bond is transferable only on the books of the Company at any of the places designated above for
the payment of the principal of and premium, if any, or interest on this Bond, or at such other agency or
agencies as may be designated by the Company, by the registered owner or by an attorney of such owner duly
authorized in writing, on surrender hereof properly endorsed, and upon such surrender hereof, and the payment
of charges, a new registered bond or bonds of this series, of an equal aggregate principal amount, will be
issued to the transferee in lieu hereof, as provided in the Trust Indenture.

        The terms of the Trust Indenture may be modified as set forth in the Trust Indenture; provided,
however, that, among other things, (1) the obligation of the Company to pay the principal of and premium, if
any, and interest on all bonds outstanding under the Trust Indenture, as at the time in effect, shall
continue unimpaired, (2) no modification shall give any of said bonds any preference over any other of said
bonds, and (3) no modification shall authorize the creation of any lien prior to the lien of the Trust
Indenture on any of the trust property.

        No recourse shall be had for the payment of the principal of and premium, if any, or interest on this
Bond, or any part thereof, or for or on account of the consideration herefor, or for any claim based hereon,
or otherwise in respect hereof, or of the Trust Indenture, against any past, present or future stockholder,
officer or director of the Company or of any predecessor or successor company, whether for amounts unpaid on
stock subscriptions, or by virtue of any statue or constitution, or by the enforcement of any assessment or
penalty, or because of any representation or inference arising from the capitalization of the Company or of
such predecessor or successor company, or otherwise; all such liability being, by the acceptance hereof and
as a part of the consideration for the issue hereof, expressly released.

        This Bond shall not be valid or obligatory for any purpose until it shall have been authenticated by
the execution of the certificate of authentication hereon of The Bank of New York Trust Company, N.A., as
Trustee, or its successor in trust.

        IN WITNESS WHEREOF, Southern California Edison Company has caused this Bond to be executed in its name
by its President or one of its Vice Presidents and its corporate seal to be hereto affixed and attested by
its Secretary or one of its Assistant Secretaries, as of ____________, ____, such execution and attestation
to be by manual or facsimile signatures.

                                                 SOUTHERN CALIFORNIA EDISON COMPANY

ATTEST: ______________________                   By: ___________________________
           [Assistant] Secretary                          [Vice] President

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                      (Form of Certificate of Authentication for all Series 2006E Bonds)

                                             Trustee's Certificate

        This is to certify that this Bond is one of the Bonds, of the series designated therein, described and
referred to in the Trust Indenture within mentioned.

                                    THE BANK OF NEW YORK TRUST COMPANY, N.A.,
                                    TRUSTEE

                                    By _________________________________
                                                   [Authorized Agent]

                                      (End of Form of Series 2006E Bond)

               BE IT FURTHER RESOLVED, that pursuant to the Trust Indenture, as in effect following due
execution and delivery of the One Hundred Fourteenth Supplemental Indenture, the President or any Vice
President and the Secretary or any Assistant Secretary of this corporation are authorized and directed, for
and in the name and on behalf of this corporation and under its corporate seal (which seal may be either
impressed, printed, lithographed or engraved thereon), to execute (which execution may be by a facsimile
signature) and to deliver the New Bonds to The Bank of New York Trust Company, N.A., as Trustee, for
authentication in temporary and/or definitive form, and in such aggregate principal amount up to $400,000,000
as the President or any Vice President and the Secretary or any Assistant Secretary of this corporation shall
in their absolute discretion determine.

               BE IT FURTHER RESOLVED, that the President or any Vice President and the Secretary or any
Assistant Secretary of this corporation are authorized and directed for and in the name and on behalf of this
corporation and under its corporate seal, to execute and to deliver to The Bank of New York Trust Company,
N.A., as Trustee, the written order of this corporation

Page 7

for the authentication and delivery of the New Bonds
pursuant to such sections of Article Two of the Trust Indenture as the officers acting may determine.

               BE IT FURTHER RESOLVED, that the Secretary or any Assistant Secretary of this corporation is
hereby authorized and directed to deliver to, and file with, The Bank of New York Trust Company, N.A., as
Trustee, a copy of the this certificate of actions taken, certified by the Secretary or any Assistant
Secretary of this corporation.

               IN WITNESS  WHEREOF,  the undersigned has executed this certificate as of the date first written
above.
                                            /s/ George T. Tabata
                                            --------------------------------------------------
                                            George T. Tabata
                                            Assistant Treasurer
                                            Southern California Edison CompanyExhibit 10.1 Kobex Notice and Amendment

    
      

    

     

     

    

    Kobex
      Resources Ltd.

    1605-750
      West Pender Street, Vancouver, BC V6C 2T8 Canada

    Tel:
      (604) 484-6228 Fax: (604) 688-9336 email: kobex@telus.net

    

    December
      5, 2006

    

    U.S.
      Energy Corp.

    877
      North
      8th
      West

    Riverton,
      WY 82501

    

    Crested
      Corp.

    877
      North
      8th
      West

    Riverton,
      WY 82501

    

    U.S.
      Moly Corp.

    877
      North
      8th
      West

    Riverton,
      WY 82501

    

    Attention: Mr.
      Mark
      J. Larsen

    

    Re: Mt.
      Emmons Molybdenum Property - Notice and Amendment

    

    In
      connection with the Due Diligence Review of the Property pursuant to the letter
      of intent dated October 6, 2006 among U.S. Moly Corp. (the “Company”),
      U.S.
      Energy Corp., Crested Corp. (the “Shareholders”),
      and
      Kobex Resources Ltd. (“Kobex”)
      (the
“LOI”),
      we
      provide this notice and amending letter (the “Amending
      Letter”).
      Note,
      capitalized terms not defined in this Amending Letter shall have the meaning
      as
      set out in the LOI.

    

    Kobex
      provides this Amending Letter as its notice under Section 1.1 of the LOI that
      it
      wishes to proceed with the Transaction, however the delivery of this Amending
      Letter and the effect of our notice is subject to the Shareholders and the
      Company. agreeing to and accepting the following amendments to the
      LOI:

    

    1. The
      Shareholders and the Company will provide a title opinion on the Property
      acceptable to Kobex by January 31, 2007 indicating that U.S. Energy and Crested
      Corp. own 100 % legal and beneficial title to those claims material to the
      operation of the Property and that the Property is in good standing, free of
      all
      encumbrances. If the title opinion identifies defects in title, the Shareholders
      and the Company shall have the right to cure any such title defects. The cost
      of
      the title opinion shall be paid for out of the 2007 budget for the Property,
      and
      shall be credited as an Expenditure by Kobex pursuant to Section 3 of the
      LOI.

    

    

    
      
        
          DM_VAN/264481-00003/6599998.4

           

        

        
           

          
            

          

        

        
           

          -2-

        

      

    

     

    

    2. The
      initial US$1.45 million payment set out in Section 3.1(a) of the LOI be waived
      and replaced by a US$750,000 payment. Section 3.1(b) shall be amended by
      providing Kobex with the Option to pay to the Company an additional US$700,000
      to keep the Option in good standing on or before the first anniversary of the
      Effective Date by incurring an additional US$700,000 in Expenditures under
      Section 3.1(b)(i), or increasing the Option Payment (or issuance of shares)
      under Section 3.1(b)(ii) from US$500,000 to US$1,200,000, or the additional
      US$700,000 can be apportioned between such first year Expenditure commitments
      and the first year Option Payment, at the sole discretion of Kobex.

    

    3. The
      following will be added to the end of Section 2.4 of the LOI:

    

    “After
      the gross overriding royalty to each of U.S. Energy and Crested Corp. is reduced
      to 1.5% each, for a period of 1 year thereafter, Kobex shall have the option
      to
      terminate 1% of the gross overriding royalty (i.e., 0.5% from each of U.S.
      Energy and Crested Corp.) for US$10 million in cash or Kobex stock, at the
      sole
      discretion of U.S. Energy and Crested Corp. The value of Kobex stock shall
      be
      the ten day VWAP for Kobex stock ten days prior to notice by Kobex of its intent
      to exercise this option. Kobex shall make such payment, whether in cash or
      Kobex
      stock, within ten days of such notice, and U.S. Energy and Crested Corp. shall
      deliver an instrument terminating 1% of the gross overriding royalty within
      one
      business day of receipt of payment.” 

    

    4. The
      parties shall use their best efforts to complete and execute the Formal
      Agreement by January 31, 2007.

    

    If
      you
      are in agreement with the above please sign below and Kobex shall then be bound
      to proceed with the Transaction in accordance with the LOI, amended hereunder,
      until the Formal Agreement is executed and entered into. Upon the execution
      of
      this Amending Letter, the Effective Date will be the date first written
      above.

    

    Yours
      very truly,

    

    
      	
              KOBEX
                RESOURCES LTD.

            
	 
	
              By:
                /s/ Roman Shklanka

            
	
              Authorized
                Signatory

            

    

    

    

    The
      undersigned hereby agree and accept the foregoing terms this 7th of
      December, 2006:

    

    
      	
              U.S.
                ENERGY CORP.

            
	 
	
              By:
                /s/ Mark J. Larsen

            
	
              Authorized
                Signatory

            

    

     

     

    
      

      
        
          
            DM_VAN/264481-00003/6599998.4

             

          

          
             

            
              

            

          

          
             

            -3-

          

        

      

       

    

    
 

    
      	
              CRESTED
                CORP.

            
	 
	
              By:
                /s/ Harold F. Herron

            
	
              Authorized
                Signatory

            

    

    

    
      	
              U.S.
                MOLY CORP.

            
	 
	
              By:
                /s/ Mark J. Larsen

            
	
              Authorized
                Signatory

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