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<br />. SBR and HBC ranked relatively closely regarding the number and materiality of <br />exceotions taken to the Draft Agreement. HBC took no exceptions. SBR's exceptions <br />regard the potential for excessive material contamination and moisture content. By <br />reason of SBR's explanation, SBWMA believes that the SBR exceptions can be resolved <br />via the application of reasonable definition of the terms. <br /> <br />SBWMA M EC Report <br /> <br />Page <br />9 <br /> <br />1/15/2009 <br /> <br />88 <br />Page 27 <br />