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EVRAZ INC NA Page 2 of 4 The Lessee shall make the payments of rent due at the time and place and in the manner specified above. 2. Lessee is permitted use the water for commercial purposes at sand and gravel pit located in Section 21, Township 19, Range 69 North West in Fremont County,Colorado. 3. Lessor will maintain all dams, diversion ditches, headgates and other structures relating to the water to the point of the measuring devices. 4. Lessee will handle their own carriage of water shares and will report meter readings weekly to Lessor. If Lessee shall need access to the canal for water share carriage purposes, it is expected that the lessee will maintain easement, roads and access points as they were originally found. Faulting in this or causing damage to easements, roads or access points can lead to termination of this agreement. 5. Lessor accepts no liability for loss of water due to calls on the river or low water conditions. 6. The service of any notice provided for in this Lease shall be complete and effective on the date such notice is hand delivered, delivered by express courier, or placed in the United States mail, certified or registered, with return receipt requested, postage prepaid, and addressed to the respective parties as follows: LESSOR: CF&1 Steel,L.P. Attn: Leaha Zinanti P.O. Box 316 Pueblo,Colorado 81002 LESSEE: Langston Concrete, Inc. Mike Langston P.O. Box 279 Florence,Colorado 81226 7. The Lessee shall not assign or sublet this Lease or any portion of the water leased hereunder without the written consent of Lessor. 8. Should the Lessor terminate this lease due to the sale of the water rights, Lessor shall give Lessee first option to purchase the water rights prior to termination. Additionally, if the water rights are sold to anyone other than