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Lease of GIC Shares <br />This water lease is by and between Aggregate Industries-WCR, Inc. ("AI") and Pat Arnold ("SHAREHOLDER"), <br />sometimes collectively referred to as "the Parties". <br />WHEREAS SHAREHOLDER owns 3 shares in the Greeley Irrigation Company (GIC), as evidenced by <br />Certificate No. Qq 5s. and aq 76 <br />WHEREAS SHAREHOLDER desires to rent out their GIC shares for the 2019 irrigation season; and <br />WHEREAS AI operates a combined substitute supply plan (CoSSP) for its various gravel pits approved by <br />the Division of Water Resources in accordance with C.R.S. §37-90-137(11); and <br />WHEREAS At desires to rent GIC shares for 2019 irrigation season to be used as a replacement supply in <br />their Co§SP; <br />NOW THEREFORE, in consideration of the foregoing, it is agreed as follows: <br />1. SHAREHOLDER will lease to At their 3 GIC shares for the 2019 irrigation season. Before April 1, 2019, <br />SHAREHOLDER will direct the GIC to deliver their shares to the 4" Street Augmentation Station on the <br />ditch to return the water associated with the shares to the river in order to generate replacement credit <br />on behalf of At during the entire 2019 irrigation season. <br />2. The water leased to At is for the exclusive use by At and shall not be leased or conveyed to others except <br />by written permission from SHAREHOLDER. <br />3. At will pay the cost of the 2019 assessments on SHAREHOLDER's behalf for the 3 GIC shares, at a rate of <br />up to $500 (FIVE HUNDRED DOLLARS) per share, which is up to $1,500 total for all three shares. Payment <br />will be made directly to the GIC. SHAREHOLDER will be responsible for payment of any assessments in <br />excess of the maximum $500 per share paid by Al. Payment will be made by At within thirty days <br />following the date that the GIC determines the 2019 assessment rate. This payment shall be <br />nonrefundable and is not contingent upon AI's actual usage of the water. <br />P LV <br />DATED this 3 day of November, j039� <br />Aggregate Industries-WCR, Inc. Pat Arnold (POA for Dorothy Mae Arnold) <br />Signature: i Signature: CSN' �' ✓' ��D �� <br />Date: I O Date: <br />