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Lease of GIC Shares <br /> This water lease is by and between Holcim-WCR,Inc.("Holcim")and Pat Arnold("SHAREHOLDER"),sometimes <br /> collectively referred to as"the Parties". <br /> WHEREAS SHAREHOLDER owns 3 shares in the Greeley Irrigation Company(GIC),as evidenced by <br /> Certificate Nos.2455 and 2476,and <br /> WHEREAS SHAREHOLDER desires to rent out their GIC shares for the 2024 irrigation season;and <br /> WHEREAS Holcim operates a combined substitute supply plan(CoSSP)for its various gravel pits approved <br /> by the Division of Water Resources in accordance with C.R.S.§37-90-137(11);and <br /> WHEREAS Holcim desires to rent GIC shares for 2024 irrigation season to be used as a replacement supply <br /> in their CoSSP; + <br /> NOW THEREFORE,in consideration of the foregoing,it is agreed as follows: <br /> 1. SHAREHOLDER will lease to Holcim their 3 GIC shares for the 2024 irrigation season. Before April.1, 2024, <br /> SHAREHOLDER will direct the GIC to deliver their shares to the 41h 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 Holcim during the entire 2024 irrigation season. <br /> 2. The water leased to Holcim is for the exclusive use by Holcim and shall not be leased or conveyed to <br /> others except by written permission from SHAREHOLDER. <br /> 3. Holcim will pay the cost of the 2024 assessments on SHAREHOLDER's behalf for the 3 GIC shares,at a rate <br /> of up to$540(FIVE HUNDRED FORTY DOLLARS)per share,which is up to$1,620 total for all three shares. <br /> Payment will be made directly to the GIC. SHAREHOLDER will be responsible for payment of any <br /> assessments in excess of the maximum$540 per share paid by Holcim. Payment will be made by Holcim <br /> within thirty days following the date that the GIC determines the 2024 assessment rate. This payment <br /> shall be nonrefundable and is not contingent upon Holcim's actual usage of the water. <br /> �Ik <br /> DATED this_,�,day of -11 20, <br /> Holcim-WCR,Inc. Pat Arnold(PoA for Dorothy Mae Arnold) <br /> A <br /> Signature: �� 't--- Signature: ho <br /> Date: ` Date: _q _ <br />