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EXHIBIT C <br />EASEMENT DEED <br />Mineral Reserves, Inc. (Grantor). a Delaware corporation, whose address is <br />for the consideration of <br />ten and 00/100 DOLLARS, in hand paid, hereby sells and conveys to Smith and Emmons Ditch <br />Company (Grantee), a Colorado mutual ditch company, whose legal address is <br />the Following real property in the County of Weld and State of Colorado, to wit: <br />a permanent non-exclusive easement more fully described in the attached EXHIBIT C-1 <br />for the operation, maintenance, repair and replacement of the Smith and Emmons Ditch <br />("Ditch"). <br />Grantee shall have the right to use the easement for the purposes of installing, <br />constructing, using, operating, maintaining, inspecting, repairing, altering, removing <br />and replacing the Ditch in whole or in part, and all necessary subsurface and surface <br />appurtenances for the transportation of water and the operation and control of a water <br />pipeline on the property described in EXHIBIT C-1; and of cutting and clearing trees, <br />brush, debris and other obstructions that might interfere with the operation and <br />maintenance of the Ditch or the Ditch's facilities. <br />The Grantor shall not place any improvements or structures including fences, berms, <br />walls, trees or bushes in the easement that interfere with the operation, maintenance, <br />repair and replacement of the Ditch. Placements are done so at the risk of the persons or <br />entities placing the improvements or the structures on the property described in <br />EXHIBIT C-I. Grantee may demand the removal of such improvements or structures <br />and may remove them at am- time for the purposes of operating, maintaining, repairing or <br />replacing the Ditch; provided, however, the Grantee shall not be entitled to demand <br />removal of improvements for which Grantee has granted written permission to Grantor or <br />to others to install. Any property damage incurred as a result of normal operation, <br />maintenance, replacement or repair within the easement inc]uding removal of any <br />improvements which interfere with the use of the easement except for those described <br />above shall be the responsibility of the Grantor, its successors and assigns, and not the <br />responsibility of Grantee. <br />with all its appurtenances, and warrant(s) the title to the same. <br />DATED: <br />C:\DOCUME-1\SJANZEN\LOCALS-1\TEMPoC.NOTES.DATA\-e89266).DOC 9/9/OC 3:3~ PM MEW <br />16 <br />