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<br />" ~) <br /> <br />.. <br /> <br />.. <br /> <br />EXHIBIT C <br /> <br />(attached to and forming a part of the <br />Water Rights and Real Property Option Contract <br />and Purchase Agreement between <br />LAWMA and S-Bar C Farms, a general partnership) <br /> <br />"EXHIBIT C WATER RIGHTS" <br /> <br />The following described portion of the "The Water Rights" <br />described in Exhibit B are referred to in the Water Rights and <br />Real Property Option Contract as the "Exhibit C Water Rights": <br /> <br />Forty-three percent (43~) of Seller's rights in the XY & <br />Graham storage account in John Martin Reservoir, which <br />account was created by the Operating Plan for John Martin <br />Reservoir approved by the Arkansas River Compact <br />Commission by Resolution dated April 24, 1980. This <br />percentage is estimated by Buyer and Seller to average <br />1,667 acre-feet on an annual basis. <br />