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Aug. 30. 2010 12:55PM <br />No. 2961 P. 3 <br />NOW TBERMOIt4 in consideration of the mutual promises and covenants of the <br />Parties hereto, it is agreed as follows: <br />1. Platte River will Lease to Star Ready h ft a pcrttoon of its current balance in posed <br />Creek Reservoir, a quantRy of sppmxiwately 5.0 we &-at in November 2010, 1.9 <br />acre feet in December 2010, 0.3 acre tent in january 2011, 3.9 acre fw in Pebruaxy <br />2011, end 5.4 acre feet in March 2011 for a tonal of 16.4 ame f eet of ramble water, <br />to be ddlvered hom Fossil Creek Reservoir 7M5 raleese vd11 be coordinated by <br />the Poudre River Waft Cbmndedoater with review and concurrence by NM* <br />Pondre. 'The Pomdre River. Water Commissioner wig determine to aural amount <br />of water presently held by Platte Rim in the Fossil Creek Reaavoir that is <br />delivered to Star Ready hfix &W. payment will be glade an dw actual amount <br />delivered. <br />2. The water leased to Star Ready Mix is for the exclusive use by Star Ready Mix and <br />shall not be leased or conveyed t0 others except by written permission from Platte <br />River. <br />& The Cost of the lease Winer AA be $119 (ONS HUNDRED NINBT!#BN1 DOL ARS) <br />per accerfoot: Piaynnent w111 be rattle by Star Ready Mix ftrky (30) days from the <br />dats of billing. This payment shall be no dable and ismot cenunggar t <br />Saw head <br />y Mix!a actwl tmag?e of the ?+?atier <br />d. The Delt"W Point of &e weber leased m Star Rekly Mix s!>aIl be ft outtat of <br />Fossil Crank Reservoir. Star dl ldix strait bar uiy kaw as ated iwm <br />conveyance of to wafer fronn the DWrerp Fount to any location where Star Rudy <br />Mix may use the weft. An mkoes trams Fossil.C ek Resetirofr am.aubjeet to <br />wreathes aonditbo aid approwel of North Pbadre Irrigation. Company:. <br />5. Platte River mahea AO warrantles cow the qu tq of the need water nor ae <br />pmpoeee fcr wM& the l ased.water is tumble. <br />6. Hilt itisti?nn, tt mpa'e?nH the mete agreement of the Parkes and no oral <br />atiodfiit t3ot? be few..ON& My amendments or additions shall be in <br />writing. <br />7. The terms and provisions of this lease are binding upon the parties, their <br />successors and assigns. <br />9. The Wager Lease shall be effective upon the date shown below. <br />DA,TBD this, _. day of September, 2010. <br />PLATTP 12MM POWER AUTHORITY STAR READY MK INC. <br />BrGenenl Mattagser ?' <br /> <br />LMM <br />?.