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<br /> EAS ,vall cles i-res to lease i_]p to the entrety of the Stonewall
<br /> WHER , Storie-.
<br /> nq as
<br /> AGUA foi all lav U' uses, i ncIudi
<br /> Shares, 1,541 Excelsicir Shar Vf
<br /> to es-in % AGUks repiaC.'eiTent plLans,, and Linder the
<br /> replalicemenUraugmentat,!on water
<br /> Stonewall 160�V30)94 deci-ee, and AGU,A desires Io enter i1to such a lease.
<br /> ises Contained herelp
<br /> NOVV THEREFORE. ir'�l Carlsidel-ation of 'the mutua' P10;91 J f vihich is
<br /> 'deratI'on, recent ark suff!ci�ency o
<br /> and other good aria val,uabl-e con s!
<br /> hereby acknovileciged, the parties agree as follo'ws:
<br /> 'eases up to the ent.rety of tine Stcnewall
<br /> I- Lease- Stonewall hereby
<br /> S ha r e s, 1. 1—Exc lslcr Shares. any AQUA hereby hires and [eases said Stonewall
<br /> Shares of stock all purs�Grit to the tenri'S ow ti,s Agreeni t-
<br /> �-,s [ease between &-,oP:&vja11 and AGUA shall
<br /> -1) I-erni, The tefm of t 11 .
<br /> afi, contln,.Ue in full, force and effect for a one
<br /> cornrneiice effect'lve April 1, 2.320 and sh ater Year". There shall be no
<br /> no2j, tl--,Ie, :20/-0-21 VV
<br /> veer term flirc)ugh March 31-
<br /> of this lease or any right heret.1nder u,�lless the parties enter into a
<br /> aultornabc exterisl 71-ten
<br /> N t
<br /> co,r new leao, I
<br /> r ee n'i e n t, e, Ar.y wr renewal or
<br /> written renevqaj or e.xtei-Islon ag
<br /> exlkeris-,on o,11 t'irlis 'v,Vater Lease Agreen,ient, shall be entered ff-itc by Jantiari '15. 2021,
<br /> un',ess othervilse agreed by the parties.
<br /> i
<br /> I, f,rC)-n AGUA W Stonewall per acre
<br /> 3, Rentals:. The rental pa.yment abligatI.On - -C, for the 2020-21
<br /> Ljr a r es
<br /> foot of consumpt,ive use vvater Jva�labie Ll .;tOT10 31'
<br /> n oe�rs tior eacn acre foot of
<br /> shall eqUal tree art AGUA will c' arge 1,S imem
<br /> water year Im of 10% CRentall,
<br /> Jnq 'he same eater year plus a prem',L 't
<br /> consunlDtive Jse vvater du(i . t -no,unt V
<br /> nbers, If AQUA ,ncreases the a,
<br /> e,,�fi made 1)y sich AGUA mer
<br /> fcr :2.1acl-i sp C 1C 1-1se 1.) 1 T Corisumptive Use watc%sr during the term of this
<br /> chariae,s its membe�s for eaech ar-'re foot 0' or �01 spe.,ific uses of water
<br /> cliarge increase
<br /> N,greement, whether as a gc---nera 4,he Re-1,11al Shall De adjusted by the
<br /> limited to marjuana cu ivailon, -n
<br /> bUl rat -i.ount AGU�\ ,-,harges its -neiii�bers, PIUS t.. preniiw
<br /> %
<br /> Pa't th- it is eqoal to the an
<br /> kieS) SC at 111 1'eu of fuil payment directly to StoneviaM, AGUA. shall first credit the
<br /> -bPd herein, I
<br /> se fees related to Stonewall'
<br /> Rerital payrnenit ob[ilgation against Cues and water u
<br /> r1,1e,rr,�)ersNp In AGUA as T[-,,e Rental for the April 1, 2020 through March 31.
<br /> 202"l wate,r yiR.,ar shall be credited a,gainst Stonewall's AGUA, membership dues fir
<br /> the
<br /> cerj as described below- Any remaining balanfc-e shall be paid
<br /> 20-19-20 Water Year., ex
<br /> L
<br /> ;t ter pa,,�rr%ent Further, should Stonewall,
<br /> Aten T eC],Ue', in e,to Stonewall uplcm Stonewall's, %ovt-
<br /> &siar D'tch water and %,�vatelr qhts, to a 3' party dur g th
<br /> sell all or a p-DrtK-.-)n of 1--�s E xc o
<br /> 2020--21 Water Year. Stonewall shak advise AGUA sucn ale i t7 wr t:ng, and all
<br /> l y n -L'-h manner as such V
<br /> 3 Pa
<br /> Rent.al following silch sale sha id to such ";� be pa kenses, consents,. approwlis
<br /> rarty n-,-,iy prnv-,Ae Slnne,--,�)aii al� ri-laintain all pen, ts,
<br /> -za�' i,-h regard, to USe Of the �eaSed water rignts alld PaY d1l 'vvet't-,1
<br /> arl.d-4 authc.r! lic-ils VV
<br /> assessments.
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