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Caleb Foy <br />August 30, 2018 <br />Page 2 <br />Table 1 <br />Deep Cut, LLC - 22 West Pit <br />Comparison of Long-term Evaporative Depletion and Dedicated Water Rights <br />Water Right <br />Shares <br />Est. Yield (af/sh) <br />Yield (af) <br />Rocky Ford Ditch Company <br />2 <br />12.86 <br />25.72 <br />Catlin Canal Company <br />15 <br />1.54 <br />23.10 <br />Twin Lakes Reservoir and <br />17.45 <br />0.70 <br />12.22 <br />Canal Company <br />Total <br />- <br />- <br />61.04 <br />Evaporative Depletion <br />Acres <br />Net Evap. Rate (ft) <br />Total Evap. <br />Depletion (af) <br />Projected Maximum from <br />15 <br />3.85 <br />57.75 <br />SWSP <br />As shown in Table I above, the dedicated water rights should be more than sufficient to <br />cover the long-term evaporative depletions at the 22 West Pit. <br />Deep Cut, LLC <br />