FOR THE COLLAR THAT IS CONSTRUCTED FROM THE TEXMACO LOAN AND THE O...

40. For the collar that is constructed from the Texmaco loan and the options described in Exhibit 2, excluding the option premium(s), the rate Casford will receive for the last half of the year will be within the range of: A. 4.5 to 6.0%. B. 4.5 to 8.0%. C. 6.5 to 8.0%.