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• Filed for rec~lAarch 8, 1990 at 10:38 A.!!. Book ~2 Page 48 <br />Rec. No. 2984 June Ossman, Lake County Recorder ee $40.00 <br />WATER RiGIiTS LEASE <br />THIS WATER LfiASE is math. and is effective tl;e ~ S , <br />day of M /~(L G ~ , 1990, by and between LEADVILLE SILVER <br />8 GOLD, INC., of Leadville, Ce.lorado, a Colorado <br />corporation, hereinafter called the "Lessor," and LEADVILLE <br />MINING & MILLING CORP., a Nevada corporation, hereinafter <br />called "Lessee." <br />FOR AND IN CONSIDERATION of the swn of ONE ($1.00) <br />DOLLAR paid by the Lessee to Lessor, the receipt and <br />sufficiency of wi~ich is hereby acknowledged by Lessor, and <br />in consideration of the agreements herein set forth to be <br />paid, kept and performed I7y the parties, the parties hereby <br />covenant and agreed with each other as follows: <br />ARTICLE 1 <br />GRANT AND DESCRIPTION <br />Subject to the terms and conditions of this Water Lease <br />hereinafter called the "Property," Lessor hereby leases and <br />lets exclusively to Lessee all of Lessor's rights, title and <br />interest in and to those certain water rights as described <br />in the attached l:xtiibit A, District Court, Water Division <br />No. 2, State of Colorado, Case Nn. 82CW158, for a period of <br />one year as of the effective date set forth above. <br />ARTICLE 2 <br />POSSESSION AND Ci7N'1'ROL OF PROPERTY <br />~1'he Lessee shall have, and is hereby given and granted, <br />the immediate right to enter into and take: sole and <br />exclusive possession and control of the Property and the <br />