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AGREEMENT FOR LEASE OF WATER <br />THIS AGREEMENT ("Agreement") is made and entered into this / i rr day of <br />, 2015, by and between Central Colorado Water Conservancy District, the <br />Ground Water Management Subdistrict of the Central Colorado Water Conservancy District and <br />the Well Augmentation Subdistrict of the Central Colorado Water Conservancy District, <br />collectively referred to as "Central" herein, the mailing address of which is 3209 West 28th Street, <br />Greeley, Colorado 80634 and Bestway Concrete & Aggregates, "Lessee". <br />RECITALS <br />WHEREAS, Central owns at least 33.31 acre-feet of fully -consumable water in storage in <br />Bernhardt Reservoir, Siebring Reservoir, 83"1 Avenue Reservoir and La Poudre Reservoir which it <br />desires to lease (hereinafter "Bernhardt Water"); and <br />WHEREAS, Central owns at least 125.9 acre-feet of fully -consumable water in storage in <br />Siebring Reservoir, 83`d Avenue Reservoir and La Poudre Reservoir which it desires to lease <br />(hereinafter "Cache la Poudre Water"); and <br />WHEREAS, Central owns at least 49.33 acre-feet of fully consumable water in storage in <br />Shores Reservoir which it desires to lease (hereinafter "Shores Water"); and <br />WHEREAS, Lessee desires to lease a portion of the Bernhardt Water, the Cache la Poudre <br />Water, and the Shores Water; and <br />WHEREAS; Central and Lessee desire to enter into an Agreement setting forth the terms <br />and conditions pursuant to which Central will provide the Bernhardt Water, the Cache la Poudre <br />Water, and the Shores Water to Lessee; and Lessee will be provided and pay for the Water. <br />AGREEMENT <br />NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants <br />and agreements contained herein, and for other good and valuable consideration, the receipt of <br />which is hereby acknowledged, Central and Lessee hereby agree as follows. <br />1. Recitals. The above recitals are incorporated herein. <br />2. Leased Water. Central agrees to lease to Lessee up to 33.31 acre-feet of Bernhardt <br />Water; up to 125.9 acre-feet of Cache la Poudre Water; and up to 49.33 acre-feet of <br />Shores Water. The Bernhard Water, Cache la Poudre Water, and Shores Water is <br />hereinafter collectively referred to as the "Water". <br />3. Lease Term. This Agreement will be for the initial term of one year, commencing <br />on January 1, 2016 and running through December 31, 2016. <br />Page 1 of 6 <br />