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may execute and deliver this Agreement by transmitting an authorized signature by facsimile <br /> transmission, and copies of this Agreement executed and delivered by means of faxed <br /> signatures shall have the same effect as copies executed and delivered with original <br /> signatures. <br /> 16. Interpretation - The captions of the paragraphs of this Agreement are only to assist <br /> the Parties in reading and understanding this Agreement and shall have no effect upon the <br /> construction or interpretation of any part thereof. This document shall be interpreted in an <br /> even-handed manner rather than against the drafting party in the event of any ambiguity. <br /> 17. Severability- If any provision of this Agreement, or its application to any person, is <br /> held to be unenforceable for any reason, it shall be adjusted rather than voided, if possible, <br /> in order to achieve the intent of the Parties to the extent possible. In any event, invalidation <br /> of any provisions of this Agreement,or of its application to any person,byjudgment or order, <br /> shall not affect any other provision of this Agreement or its application to any other person or <br /> circumstance, and all remaining portions of this Agreement shall continue in full force and <br /> effect. <br /> 18. Successors and Assigns-This Agreement shall benefit and bind the Parties and their <br /> respective successors and assigns. <br /> 19. Time of the Essence-Time is of the essence under this Agreement and under all of <br /> the terms, provisions, covenants and conditions hereof. <br /> 20. Signature Authority- The persons signing on behalf of the Parties hereby represent <br /> and warrant that they are authorized to do so. <br /> IN WITNESS WHEREOF, the Parties hereto have executed this Agreement. <br /> PERMITTOR: <br /> STONE BROTHERS / / <br /> AND ASSOCIATES <br /> /y <br /> By: /A �� Date:—'� <br /> PERMITTEE: <br /> UNION OIL COMPANY OF CALIFORNIA <br /> By; Date: 8 a <br /> 607813.2 - 5 - <br /> 6128M I <br /> 5 - <br /> 612886.1 <br />