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396 Article VII

Section 7.01. The following events are specified as additional conditions to the effectiveness of this Agreement within the meaning of Section 9.01 (a) (ii) of the Loan Regulations:

(a) The Borrower shall have made the Assignment;

(b) RWE and EVS shall have notified the Bank of their approval of the Assignment. Such notice shall be in form and substance satisfactory to the Bank;

(c) All such governmental actions shall have been taken and all such governmental consents shall have been obtained as may be required to make the Illwerke-Agreement and the Assignment valid and enforceable according to their respective terms;

(d) The Borrower shall have duly executed and delivered to the Bank the original mortgage provided for in Section 5.04 (a) hereof; and such original mortgage shall have been duly recorded in the land register (Grundbuch) of the Gerichtsbezirk Montafon in Schruns.

Section 7.02. The following are specified as additional matters, within the meaning of Section 9.02 (e) of the Loan Regulations, to be included in the opinion or opinions to be furnished to the Bank:

(a) that the Illwerke-Agreement has been duly authorized or ratified by, and executed and delivered on behalf of, each of the parties thereto and constitutes a valid and enforceable obligation of each of such parties in accordance with its terms;

(b) that the Assignment has been duly authorized or ratified by, and executed and delivered on behalf of, the Borrower and is valid and enforceable in accordance with its terms;

(c) that the governmental actions and consents referred to in Section 7.01 (c) hereof have been validly taken or given, as the case may be, and that they have been duly authorized or ratified by the appropriate organ or organs;

(d) that the original mortgage provided for in Section 5.04 (a) hereof has been duly authorized or ratified by, and executed and delivered on behalf of, the Borrower, has been duly recorded in the land register (Grundbuch) of the appropriate district or districts and constitutes a valid and enforceable first lien in accordance with its terms.

Section 7.03. A date 120 days after the date of this Agreement is hereby specified for the purposes of Section 9.04 of the Loan Regulations.

Article VIII Section 8.01. The Closing Date shall be July 1, 1959.

Section 8.02. The following addresses are specified for the purposes of Section 8.0! of the Loan Regulations:

For the Borrower: Vorarlberger Illwerke Aktiengesellschaft, Josef Huterstrasse 35, Bregenz, Austria. No. 531