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SEP-]5-2004-WED~10:08 AM BLGg LAW FIRM FAX IIo,333 413 1003 P,i)03
<br />SEP-15-z19bA 08.41 laferye Mc'Cro Land 3~i 6S7 4037 P,®2 I
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<br />AGREEMENT TO 1VI.ODIFX DITC>EI AND DITCkT EAgTtMENT
<br />,~M1TH A1QD EMMONS DITCH COMPAN'Y'and LAFARGE vvEST, INC.
<br />1. PARTIES. The parties to this Ageem~mr to Modify Ditch and Ditch Fsasement
<br />("Agee~eut'~ are the 6MITH A1VD EMl-10NS DTTCF] CtSMPANY ("Ditch Company"), a
<br />Colorado mutual ditch company, and LAFARGE WEST, INC. ("Lofarge'~, a Dela+vare
<br />corporation. The pitch Company anti I,afargc arc jointly referrod to as "the Parties-"
<br />2- RECITALS.
<br />2,].. N~inet'al Reserves, ]ne. ("Mmeta] Reserves' owns and Laftu'go Wcst, Inc.
<br />operates a gavel mime on real pmperry in Weld County, Colorado dcs«r'bed in
<br />.EXHIBIT A ("Lafarge Property'). The Ditch Company owr~a ttrc 3nuth and Emmons
<br />Ditch ("Ditch") and its appurtenant easement for the upccatioII, maintanenco, repair and
<br />replsoemept of the llitch ("bitch Easemeot'~, A yortion of ibc Ditch and the Ditch
<br />Easement occurs on the Lafarge kroperly,
<br />2,2_ To facilitate the extraction of sand end gravel from the Lafarge Property, Lafarge
<br />desires to relocate approximately one thousand three hundred and fifty (1350) feet of the ,
<br />Ditch' cod m install a one thousand riuo huedrod and fifty (1250) foot long ooncxete-lined
<br />ditob.; three (3) drop structures; six (6) underdraips; one (1) concrete culvert; and one (i)
<br />;. ,rlivercion stracnrre (collettivelY "Installations"),
<br />WTiER ~ FORE, THE DITCIl COMPANY AGREES TO ALLOW LAFARGE TO
<br />ItELbCATE"flilG UITCH AND TO INSTALL THE 1N9',l'ALLATIONS, SUBJECT TO
<br />T$E "f14]~MS, COPIDLTIONS AND COVENANTS 9TLT FORTI3 iN THIS aC~RE13M3~IVX'.
<br />........ _ ._.ACEURDINGI,Y; I1V-CONSIDERATION'-OF.TIIL.MUI:VALYRO_'VII5ES;SE'IC2?'O.IiT$.....-. ... ... _.....:._
<br />- . .. IN'TIiISA:GREEMENT,'THE'I'ARTIICS'COV,riVANT-AND AGREE-A5~FOLLOW5s .................... .......---
<br />3- C UfiTDITIONS PRECEDENT. '
<br />3:1. $17BOIiDINATION AGREEMENT. Prior w cx,ustraction of the Installations
<br />and to°inodi8cerionofDiteh~Gompatt#;yy's~itcl+Easement,.Lafergc.shall.pmvido.tha.Ditch ...
<br />'Corrrpatly with a Subordination Algccmont, the form of whioh is attached hereto as
<br />E~~tT $, t?om ar>,y person and/or entity holding a lice, mortgage and/or deed oftruat
<br />to the property deseailred ui I%~IIiIDIT A. The Subordination Ageement(s) shall be
<br />ttiirorded in the real property rooorda of Weld County, Colorado, at Lafarga,'s expenre- If
<br />~suyparson and/oc crrt4ty bolds s lien, mortgage and/or deed of trust to the PmPmty
<br />described in EX$IBTT A, theq; this Ageement shall not become effertive unlc~s and
<br />" ~imtil th~a nroouted SubordinaNea ggecment(s) is/are deliverers to the Ditch Company.
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<br />32, CONVEYANCE OF EASEMENT DEED. Poor to construction ofthe
<br />Installations and to modification of Ditch Company's Ditch Easetnetrt, Lafarge shall
<br />provide the Ditch Corrtpany with a permanent, non-exclusive easement for the operatfom,
<br />maintenance, repair and replacement of the Ditch upon, over and across rho Latlage
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