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Morgan Lease Agreement <br />April 19, 2010 <br />Page 2 of 2 <br />Lessor agrees to lease 50 shares of CCC water and an additional 12 shares, for a total of 62 <br />shares of CCC water to WFC for reclamation on the Morgan property. The ENTIRE 140 acres <br />minus the 25 acres will be returned to irrigated crop production. 62 shares is sufficient to irrigate <br />all the acres on the Morgan Property being mined. Since Michael Morgan and JoEllen Turner <br />will be doing the irrigating, if for any reason this amount of water is not enough, the Morgans <br />will make sure there is more water if needed. This will be determined by 50 years of experience <br />irrigating the place and the Morgans calculations of what is needed. This 62 shares will not be <br />used on property other than Morgans and for no other purpose other than reclamation of this <br />prime farmland. <br />Lance Wade, Mine Manager <br />v!/` <br />Frank Morgan <br />Mary Lou Morgan <br />Mike Morgan <br />Attachment 2.05.4(2)(e) -7 -5 <br />