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WATER LEASE AGREEMENT <br /> This AGREEMENT is made and entered into effective as of the Ff""'day of .<-,) , <br /> 2014,by and between the Board of Water Works of Pueblo, Colorado (hereinafter called"Pueblo <br /> Water") and Cripple Creek & Victor Gold Mining Company, a Colorado joint venture, and <br /> AngloGold Ashanti (Colorado) Corp., its Manager(hereinafter called "Lessee <br /> RECITALS <br /> WHEREAS, the water use that is the subject of the Agreement is of a type not normally <br /> within any regular rate schedule fixed by Pueblo Water; and the parties mutually agree that the <br /> terms for the lease of water for the purposes hereinafter set forth should be the subject of this <br /> special Agreement; <br /> WHEREAS, Lessee desires to procure raw water from Pueblo Water for augmentation, <br /> mining, and industrial purposes in Teller County, Colorado. <br /> WHEREAS, Pueblo Water is willing to lease raw water to Lessee for its use for these <br /> purposes subject to the terms of this Agreement. <br /> NOW, THEREFORE, for and in consideration of the mutual promises herein contained <br /> and the payments to be made hereunder, the parties hereto agree as follows: <br /> AGREEMENT <br /> 1. Quantity. Each Contract Year during the term of this Agreement, and in accordance <br /> with the terms hereof, Pueblo Water will make available for delivery to Lessee 400 acre-feet of <br /> water. 400 acre-feet is both the minimum and maximum quantity of water to be paid for and <br /> made available for delivery under this Agreement for each Contract Year. <br /> 2. Term of Agreement. This Agreement will be in force for a period of 10 years <br /> commencing May 1, 2014 and terminating April 30, 2024. Each twelve month period, beginning <br /> with the commencement date stated above, is treated as a Contract Year under the terms of this <br /> Agreement. <br /> 3. Notice. Pueblo Water agrees to make available for delivery up to the quantity of water <br /> stated in paragraph 1 during each Contract Year at the request of Lessee. Lessee must notify <br /> Pueblo Water at least one business day in advance of any requested delivery of water. <br /> 4. Delivery of Raw Water. The water to be delivered hereunder is raw water that has not <br /> been treated to make it suitable for any particular use. Any treatment of the water delivered <br /> hereunder to make it suitable for Lessee's use is the responsibility of Lessee. <br /> Page 1 of 7 <br /> r_f_� <br />