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<br />D, Within thirty ( historic use Centennial's <br />evidence prow ded fortin <br />title evidence and give Cooley <br />paragraph 3.C. above, Centennial shall g Y <br />written notice as ti whether title to the shares and <br />evidence of historic use of the water aaretitleacceptable to <br />Centennial. The notice shall specify any defects, <br />and Cooley shall use reasonable efforts to correct any <br />title defects prior 7:3 date of closing.. <br />E. If Cooley is unable to provide historic use evidence <br />satisfactory to Cente :vial or to correct any title detect nnial <br />on or in a manner accepti. a reementeshall be void and oftno <br />date of closing, th g -whereupon eE.,h party effect, hereunder, andoall shall be things of released value <br />from all obligations <br />received hereunder :?Y Cooley shall be returned to <br />Centennial; provided however, <br />defect that a historic u e evidence <br />any title defect Y or before <br />by written notice ca.livered to Cooley on <br />closing. <br />at 10:00 a.m. <br />F. Closing shall be held •.n Februaxv 10, 1997 <br />at the offices of Centennial unless the parties mutually <br />agree to a different ate and time for closing. <br />water <br />G. Centennial's agreemett to: B lease shall not beieffective <br />described above in paragraph 3.B. <br />until Cooley's Nevada Atch shares <br />he bookshofe hbeen e Ne adafDitch <br />to Centennial's name -)n C.)oley agrees to cooperate with <br />Coningennial in Company. arrang_=g for the transfer of said stock <br />Cent <br />certificates to Centennial's name. . If. <br />ation or • H. Time is of the esser.:s noteperformed any osatisfied as <br />condition hereunder <br />herein, provided, there: shall be the following remedies: <br />(1) If Cooley is in default: <br />(a) Centennial may elect to treat this things agreement <br />as *terminated, in which case any <br />value received hereunder by Cooley shall be <br />returned to Centennial; or <br />(b) Centennial may elect to treat this agreement <br />being full force to effect <br />an action <br />n <br />Centennial shall have the righ <br />for specific performance. <br />3 <br />L