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acre-foot of replacement water from May through September and $600 per <br />year for each acre-foot of replacement water for the balance of the year which <br />is leased during a subsequent one year period. <br />d. Termination of Lease Option: In the event that NFA determines it does not <br />have sufficient surplus replacement water to accommodate Lessee's needs <br />beyond the initial term of this lease, NFA shall have the unilateral right to <br />cancel the option provision by providing written notice to Lessee no later the <br />date of expiration_ In the event that the first one year extension option is <br />exercised, but MMRC determines it cannot accommodate the second one year <br />extension, NFA shall also have the right to cancel the second one year option <br />provision by providing written notice to Lessee no later than the date of <br />expiration of the first extension. <br />d. Responsibilities of the Parties: The Lessee shall have the <br />responsibility of notifying Lessors when all or a portion of the water described <br />herein is to be released to the South Platte River or Bear Creek/Turkey Creek <br />from any of the above described facilities_ To the extent physically possible, <br />Lessors agree to make said water available, at those tames and at rates <br />previously agreed upon or as requested by the Water Commissioner. <br />Notification of the requested release must be received between 8:00 A.M. and <br />5:00 P.M. Monday through Friday. Water availability is subject to the down <br />stream calls and the exchange potential on the South Platte River, Bear Creek <br />and/or Turkey Creek. Lessee is responsible for the stream losses from the <br />point of release to the point of exchange at the rate of 0.13% per mile. <br />Lessors shall have the responsibility of coordinating its water rights to see that <br />all requests for water are met and will determine from which facility the water <br />shall be released. <br />e. Notice: Whenever the terms of this Agreement require notice to be given to <br />Lessors or Lessee, said notice shall be sufficient if given verbally to: <br />North Fork Associates <br />2686 S. Yukon Ct. <br />Lakewood, CO 80227 <br />303 988 7111 <br />Brannan Sand and Gravel Co. <br />2500 E. Brannan Wy <br />Denver, CO 80229 <br />303 9535161 <br />4 <br />