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<br />1 <br /> <br />But reserving exclusively to The Nature Conservancy and <br /> <br />excepting the additional covenant in that same agreement which <br /> <br />provides that P&M will not develop the retained water rights in <br /> <br />a manner such that flows would be diverted from or impounded <br /> <br />within the reach of the Gunnison River from the gage <br /> <br />immediately below the diversion dam for the Gunnison TunneI to <br /> <br />a point one mile downstream of the confluence of the Smith Fork. <br /> <br />Executed this <br /> <br />day of <br /> <br />. 199_. <br /> <br />ATTEST: <br /> <br />THE NATURE CONSERVANCY <br /> <br />By: <br />ITS: <br /> <br />By: <br />ITS: <br /> <br />COUNTY OF <br /> <br />) <br />) ss: <br />) <br /> <br />STATE OF <br /> <br />The foregoing instrument was acknowledged before me this <br />day of . 199 . by <br /> <br />Notary PUblic <br /> <br />My Commission expires <br />