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3. The Subject Water leased to Bucklen is for the exclusive use by Bucklen and shall not be <br /> leased or conveyed to others except by written permission from Platte River. <br /> 4. The cost of the Subject Water shall be $300 (THREE HUNDRED DOLLARS) per acre- <br /> foot for a lump-sum total of $4,800 (FOUR THOUSAND EIGHT HUNDRED <br /> DOLLARS) Payment will be made by Bucklen thirty (30) days from the date of this <br /> Water Lease, but in any event prior to the release of Subject Water. Payment shall be <br /> nonrefundable and is not contingent upon whether the Subject Water is actually <br /> released or used by Bucklen, so long as the Subject Water was deliverable. Platte River <br /> shall provide written notification to Bucklen of any variation to the amount of water <br /> available relative to the lease quantities listed in Paragraph 1 (above),prior to each lease <br /> month. At the end of the lease term,Platte River shall refund Bucklen for Subject Water <br /> that was not made available to Bucklen during the term of the lease,if any. <br /> 5. The Delivery Point of Subject Water leased to Bucklen shall be the outlet of Fossil Creek <br /> Reservoir. Bucklen shall bear any losses associated with conveyance of the water from <br /> the Delivery Point to any location where Bucklen may use the water.All releases from <br /> Fossil Creek Reservoir are subject to weather conditions <br /> 6. Platte River makes no warranties concerning the quality of the leased water, nor the <br /> purposes for which the Subject Water is suitable. <br /> 7. This instrument represents the complete agreement of the Parties and no oral <br /> modification shall be recognized. Any amendments or additions shall be in writing. <br /> 8. The terms and provisions of this lease are binding upon the Parties,their successors and <br /> assigns. <br /> 9. The Water Lease shall be effective upon the date shown below. <br /> 1]01 <br /> DATED this 0 day of August,2018. <br /> PLATTE RIVER POWER AUTHORITY BUCKLEN EQUIPMENT COMPANY, INC. <br /> By: By: X1 Att./kip= <br /> Gen al Manager/CEO <br /> ,• %EG ,t,,4„ 6lvii6 <br /> : <br /> 1 <br /> .r', :L <br /> yr ,,3,-,. xis :f1,01.A. ')'i <br /> p.e v+,.f7-: ti <br /> ita �O <br /> am-, <br /> -j <br />