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<br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br /> <br />COMPARABLE SALE NO. FLC-2 <br /> <br />WATER RIGHTS ONLY SALE, FORT LYON CANAL COMPANY STOCK <br /> <br />SALE DATE: <br /> <br />Approved May 12, 1999 <br /> <br />GRANTOR: <br /> <br />Perry and Rolland Montgomery Estate <br /> <br />GRANTEE: <br /> <br />Smartt, Douglas <br /> <br />PURCHASE PRICE: <br /> <br />$19,000.00 <br /> <br />WATER RIGHT: <br /> <br />Fort Lyon Canal Company Stock <br /> <br />AMOUNT/SHARES: <br /> <br />20.00 shares <br /> <br />INSTRUMENT: <br /> <br />Stock Certificate Transfer <br /> <br />CONFIRMATION: <br /> <br />Realtor and Fort Lyon Canal Company <br /> <br />RECORDING: <br /> <br />Fort Lyon Canal Company Records <br /> <br />DECREED TERMS <br />AND CONDITIONS: <br /> <br />The stock transfer was approved by the Board of Directors of the <br />Fort Lyon Canal Company and meets the transfer restrictions <br />within the canal. <br /> <br />COMMENTS: <br /> <br />This was the purchase of20.00 shares of Fort Lyon Canal stock. <br />These shares have an average historical consumptive use of 1.0 <br />acre-foot per share, or a total of20.0 acre-feet of consumptive <br />use. <br /> <br />TERMS: <br /> <br />Cash Sale <br /> <br />UNIT PRICE: <br /> <br />$950.00 per share or per acre-foot of consumptive use. <br /> <br />Page 43 of 66 <br />