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<br />r <br /> <br />Exhibit B <br />QUITCLAIM DEED <br /> <br />THE NATURE CONSERVANCY. a non-profit corporation of the <br />District of Columbia. whose address is 1815 North Lynn Street. <br />Arlington, virginia 22209. HEREBY DONATES AND QUITCLAIMS to the <br />COLORADO WATER CONSERVATION BOARD. an agency of the State of <br />Colorado created by Section 37-60-102. C.R.S.. whose address is <br />1313 Sherman Street. Room 721. Denver. Colorado. 80203. THE <br />FOLLOWING WATER RIGHT in the County of Delta in the State of <br />Colorado. to-wit: <br /> <br />300 cubic feet per second out of the 800 cubic feet per <br />second decreed by the District Court for Delta County in civil <br />Action No. C-5873 on August 11. 1969. to the Rabbit Gulch Canal <br />of the Gunnison Main Project. <br /> <br />Together with the covenant granted by the Agreement for <br />Donation and Covenant of Water Rights between The Nature <br />Conservancy and the Pittsburgh and Midway Coal Mining Company <br />(P&M) dated December 31. 1987 and recorded at Book 586. Pages <br />184-197. in Delta County. Colorado. which covenant provides <br />that the water rights retained by P&M under that agreement are <br />subordinate to the water rights donated in the event that such <br />retained water rights are developed in a manner which could <br />cause a priority call between the retained and donated water <br />rights. <br /> <br />1461E* <br />