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AGREEMENT TO .LEASE ALTGMENTATION WATER <br /> THIS AGREEMENT TO ,S G E WATER s entered <br /> into as the � d of I Fc i:*r- f�� , 1996, <br /> between Centennial WateTand Sanita,tion DisCr1E_E__(11Centennia1") , a <br /> quasi-municipal corporat n organized under the, laws of Colorado, <br /> Les!w , ` whose address 45 62 W, Plaza Drive, Highlands Ranch, <br /> Colorado 80126, and the Gravel Company ("Cooley" ) , <br /> corporation duly organized and existing under and by virtue of the. <br /> laws of the State of Indiana, Lessee, whose address is F. 0. Box <br /> 548�5 TA. , Denver, Colorado , 80217, 3609 s . wadsworth Boulevard, <br /> Suite 300, Lakewood, �rado 80235 . <br /> gJAU <br /> WHEREAS, Cooley and Centennial ent d into an Agreement <br /> t+ H <br /> ht in xch e for Lease Augmentation Water <br /> dated e S a5 and <br /> WHEREAS" pursuant to that agreement, Centennial agreed t <br /> provide certainaugmentationwater t Cooley, subs t to the taws <br /> of both that agreement and the lease agreement herein , <br /> NOW, THEREFORE, in consideration, of this lease agreement <br /> and the Agreement to vWater Rights in 'Exchange for Lease of <br /> ,AugmentationWater, ' the parties agree as follOws . <br /> 'Upon c let ion of each f the following, centennial <br /> ,shall deliver nnua' r up to 3 acre-feet f perpetual augmentation <br /> water ' to be used in connection w1th Cooley' a gravel mining <br /> operations located near the South atte River or PlumCreek: <br /> execution tion f the special warranty deed conveying Cooley's 1.0546 <br /> shares of Nevada Ditch Holding Company stock to Centennial; <br /> assignment nt and delivery e Cooley$ a Nevada Ditch, Stick Certificate <br /> No. to Centennial; and transfer id stock t <br /> Centennial' s auue the books Nevada Ditch �olding cuua <br /> seance of a new stock certificate- Centennial' s name, <br /> necessary, This lease agreement and "Centeu; nial"a obligation to <br /> deliver water hereunder shall be effective upon the outs by which <br /> Cooleycompletes the performance of each of the foregoing <br /> . Such water shall be delivered, at Centennial' s sole <br /> discretion, at any point on the South Platte River at or u at as <br /> from the mouth of LittleDry Creek in Section 33, T4S, R68W, of the <br />