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<br />-. . - ". -'" " <br /> <br />l.L.nll..IHfVI\ III Ol I\Ml\r <br /> <br />IW. IlL <br /> <br />r, I <br /> <br />LEA VENWORm & KARP, P,C. <br /> <br />Colorado Water Conservation Board <br />Department ofNatuIaJ Resources <br />Page 6 . <br />November 2, 2002 <br /> <br />16. We express no opinion about the effect of the laws of other jurisdictions or <br />proceedings in other jurisdimions on the enforceability of the Loan Documents. We <br />express no opinion regarding any matter involving choice oflaw or conflict oflaws; <br />and <br /> <br />17. We express no opinion about any document other than the Loan Documents <br />(including, without limitation, any documents that may be referred to in the Loan <br />Documents that do not fall within the definition of Loan Documents as used herein;) <br />and <br /> <br />18. This opinion COllStitutes our opinion only as to the legal matters set forth herein and <br />is not a guaranty of the matters set forth herein. This opinion is given only as of the <br />date hereof. This Opinion may not be relied upon by any person other than the <br />addressee hereof and the addressee's legal counsel. This opinion may not be shown <br />to any person except those referenced in the prior sentence, and as may be required <br />in litigation. We do not undertake to update this opinion. This opinion is limited to <br />the matters stated herein and no opinion is implied or may be inferred beyond the <br />matters expressly stated herein. <br /> <br />Very truly yours, <br /> <br />LEAVENWORTH & KARP, P.C. <br /> <br />i1t.~~b[;L <br /> <br />Joslyn V. Wood <br /> <br />cc; The Glenwood Irrigation Company <br /> <br />I:~OOZ\Cliems\GIC\GCQ~lOpinioD lMtcr2.wpd <br />