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<br />FROM '~GO N~T. RES. SECTION ~O <br />~d!ed/~7 13:48 3e36594~ <br /> <br />303 666 4474 <br />J\&IB INC. <br /> <br />1_04-07 <br /> <br />11'S0 #763 P.02/08 <br />PAGE 02 <br /> <br />AGREEMSNT <br /> <br /> <br />THIS AGRBBl'mNT :La _de ~billd.)o;\ ":Uy of February . 19...22..... <br />by and between Aristocrat Ranch@tt~ WAr~r Proiect. Inc. <br />whose address far the purpose of this Agreement is <br />P. O. Box 247. Ft. Luptan, co 80621 . . hereinafter referred <br />to all t.he "Bu7eru and Sl:Ioldl'h F~nn~. Tn~. &/or. IiTAd M. Sekich , Nick SekiQhJ. Jr. <br />whose mail ins address for the purpose af tbis Agreement is <br />4311 Bi9hvav 66, Longmont, CO 80504 , hereinafter referrecl to all <br />the II Seller. It <br /> <br />WIT N i S $ E T H: <br /> <br />WHEREAS, Seller has a oontrsct richt to receive acre <br />feet of the Northern Colorado Water Conservanoy Di8trict, alkla <br />Colorado - Bis ThompBon (C-BT), and <br /> <br />WHEREAS, Buyer d.esires to purohase from Seller and Seller <br />desires to sell to Buyer 100 aore feet of the Northern Colarado <br />Water Conservanoy D1Btrict, hereinafter referred t.o as the <br />"Water", under the following terms and conditions; <br /> <br />NOW, THEREFORE, it i. a~reed a~ tollows: <br /> <br />1. Purchase Price. B~yer a~reee to pay Seller for the Water. <br />$ 2,500".00 per aore foot, tota11n& ,250.000.00 pa)'able as <br />follows: <br />due February 26, 1997 <br />a. $ 25.000.00 ,to be deposited and held by <br />Jacobl.lcci Water Brokers, Ino.. in its esorow account as aarnest <br />money and part payment for the water. <br /> <br />b. The remAining balance of . <br />certifie4 funds to be deposited and <br />BrokeI'll, Inc., in i t8 escrow 8000\.lnt <br />\.loUl claain>>. <br /> <br />225.000.00 in casb or <br />held by Jacobucoi Wator <br />apri1 10 1922-, <br /> <br />o. Approval of the transfer af tl:le Water shall take <br />place at the Northern Colorado Water Conservancy District monthly <br />meetin8. to be held ~e~tl.11 . 19~. after whiob final title <br />and lieD check. will be lIade. The balance of the purohase price <br />beld by Jacobuooi Water Brokers, InD., in its esoroW account shall <br />be diab~raed at closing, approximately A~ril 2S , 1922-. <br /> <br />2. Buyer and Seller W81'l'ant that they will use their best <br />efforts to obtain necessary signatures an~ releases of lien holder. <br />to complete the transfer of the Water. If all lieus are Dot <br />released or signatures are not obtained, satisfaotory to Buyer. <br />thon this AJEreement sh.all be null and void and any funds held 88 <br />earnest money or ather deposits shall be returned tu the Suyer. <br /> <br />,. <br /> <br />d'\ ~S <br />~ <br /> <br />. <br />