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WATER LEASE AGREEMENT <br /> THIS WATER LEASE AGREEMENT("Agreement")is entered into on this_ day of <br /> T 2024 ("Effective Date") by and between the Ground Water Management <br /> Subdistrict o the Central Colorado Water Conservancy District,whose address is 3209 W. 28th <br /> Street, Greeley, Colorado 80634 ("Lessor") and Holcim — WCR, Inc., 1687 Cole Blvd, Suite <br /> 300, Golden, CO. 80401 ('Lessee'). Lessor and Lessee may individually be referred to as a <br /> "Party"or collectively as"Parties." <br /> RECITALS <br /> WHEREAS,Lessor has storage and direct flow water rights in the Cache la Poudre basin <br /> and South Platte basin.Lessee has a Combined Substitute Water Supply Plan(CoSSP)filed with <br /> the State Engineer pursuant to 37-92-308(4)C.R.S. <br /> WHEREAS,Lessee has a need for augmentation water for the Holcim CoSSP at the <br /> confluence of the South Platte River and Cache la Poudre River; and <br /> WHEREAS,Lessor agrees to lease to Lessee such augmentation water upon the terms <br /> and conditions in this Lease Agreement. <br /> NOW,THEREFORE,in consideration of the mutual promises and covenants contained <br /> herein,the Parties hereby agree as follows: <br /> 1. AUGMENTATION WATER LEASE. Lessor hereby agrees,during the Term of <br /> this Agreement,to lease to Lessee,up to 41.0 acre-feet of water("Augmentation Water'), <br /> pursuant to the monthly delivery schedule attached hereto as Exhibit 1. <br /> 2. TERM OF LEASE. The term of this lease is from April 1,2024 to October 31, <br /> 2024. <br /> 3. CONSIDERATION. Lessee agrees to pay Lessor Thirty-Two Thousand Eight <br /> Hundred Dollars ($32,800.00) ($800.00 per acre-foot of Augmentation Water), to be delivered <br /> pursuant to Exhibit 1, to be paid by Lessee by March 1, 2024. Payment to be provided at the <br /> Lessor address in paragraph 5 below. Failure to make Payment by March 1, 2024 will result in <br /> termination of this Agreement. <br /> 4. FURTHER APPROVAL. Lessee shall be responsible for obtaining such <br /> approvals as are necessary for Lessee to use the Augmentation Water in its or substitute water <br /> supply plans and shall be responsible for accounting for its use of the Augmentation Water to the <br /> appropriate State water administration officials, water court and/or other parties who may be <br /> entitled to that information. Lessee shall provide Lessor with copies of its accounting which <br /> illustrate Lessee's use of the Excess Augmentation Credits as reasonably requested by Lessor. <br /> 5. NOTICES. Any notices, demands or other communications required or desired to <br /> be given under provision of this Agreement shall be given in writing, delivered personally, or <br /> sent by certified or registered mail,return receipt requested,postage prepaid,address as follows: <br /> Pagel of 3 <br />