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'c i <br />~~c~~r~ <br />Jl1N 3 Q 2t~& <br />W ^ Fx Pf <_OUflCk4 <br />51eII[RGlxf Fx <br />WATBR LEASE AGRBEL1+lENT `~~° <br />THIS A M}:NT made and entered irrto this ~ dayof T4 n ~ ~ 2006, by sad between <br />the T I of Milliken, heininatter inferred to ae Lessor, and Weatem Hquipment and Truck, Iuc, <br />h ~ referred to as Lessee. <br />WITNSSSETH: <br />Lessor is tho awntr of excess augmeatatlori credits, hereinaRar the crodita generated <br />from it' lSubsdtuta Water Supply Plan (SWSP) ffied with lira State Hnglneet pursuant to §37-92- <br />308(4) 'R.S, aadits Application in the Water Court, Casa No. 02CW339; sad <br />Lcasor desires to lease to Lessee the credits and Lessee desires to lease the same. <br />NOW, ZORE, in consideration of rho mutual covenenta andpromisee of the pardea here6o, it <br />is agree las follows: <br />1. or shall lease the credits with the right to use the same to cover out-of-priority depletions <br />Lessee's aggregate mine. <br />2. a credits, as oflvlarch 31, 2006, total4.14 acrd fat far June 1, 2006 through Deeanber 31, <br />6 ae shown in Table 1. Lessor will make every attempt to provide to the Lessee tho <br />onthly vohrmee contained in Table 1. The Lessor aaticipatee that excess credits $om its <br />CW339 SWSP will be au$iciem to mat the moniiily values in Tab]e ]. HoweverLeaaor <br />es not guarantee that excess credits will be available in a volumo euffioient to meat the <br />s in the table below. <br />Table 1 <br />et.ae w. rouwiav~ <br />3. ass shall pay to Lessor the sum of $150.00 per conaumptlve use aoro foot credit that the <br />Bngitteer approves for use inLessee'a SWSP ar that are subleeaed ibr use in a SWSP or <br />atlon plan. Payment shall bo due on or beforo June 30, 2006. <br />4. the term of this Issas shall be from the date he¢'oof until December 31, 2006. <br />S. I+jessee may sublease the cr~odits leased herein. <br />IN78RN8T RL88Wr1f167WVGr00 MILUKCH <br />