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03/17/2011 08:11 17193365031 R M NNER CONST co 1 PAGE 03 <br />Marie. 20 B:34AM k3.3605 P. 3 <br />y . <br />or, if required by Louse, daily bests. Lessee shad have the right, upon prior reasonable notice, to verity <br />the sunray of the measuring device` utilized by Lessors. The My consumable portion of said <br />deliveries shall be detemdnad by.mullipiyinp the meamired deliveries by 47.65, or by eome other factor <br />as required by the state Engineer. <br />• <br />4, Ion The term ends agreement shall be from the date of execution of this Agreement ore <br />clobber 31, 2011. Upon orplunien el this Agreement, Lessee chap have the right to flagellate terms for <br />extending the teeee another year. <br />6 fig. Leadee ehall be entitled to use the Graham Ditch Water Leaved pursuant to this agreement <br />for any and elf beneficial wee, Including, but not (trilled to, rutty consumable augmentation end <br />replacement. <br />Received Tine Mar. 17. 2011 8:15AM No.3608 <br />6. Apprgval. Levees shall have the dght, at its sole cost and expense, to seek and obtain State <br />t nptneer approve[ of a SWOP, using the Graham Ditch Water u a source of augmentation or <br />repiaoemeni water, duthtg the tem or role Agreement, tbeeor shalt not oppose Lessee's SWSP and shed <br />fully cooperate with Lessee In connection with the request(s) by providing such Wnfomtnatlon and <br />assietanee as is tsnosonable relented by Lean, Its water rights counsel, its engtneedng consultants or <br />the Ctv'alon Engineer. <br />7 . Nurannea and Rapt 0nlattons. <br />7,1 indhppnGentlevettlaslion and Review, Lessee acknowledges that It hoe <br />Investigated, obtained and reviewed to its eatisractton whatever Information or <br />documents it deemed necessary whlah relate to or affect the yield and operetton 01 <br />the Graham Ditch and its use or Graham Ditch Witter, and it enters Into this <br />Agreement booed solely In (dance upon its own Investigation ear to the yield and <br />suitability of the Graham Ditch Merlons purposes. Lessor makes no <br />representations, warranties, eareememtts or promlees with respect to the yield to <br />lessee yr suitability of the Graham DItob Water fbr Lessee's purposes. <br />7.2 Pull Authorpt. The undersigned represent that they have full authority to enter Into <br />this Agreement on behalf of the respective parties, The parties have taken all <br />ecttons required and secured the necessary approvais to enterinto ihle Agreement. <br />4. p eongnabillty. ThleAgreement shall ha binding upon and Inure to the benefit erne Lessor and <br />Lessee and their reepeollve evcooaeore end assigns. <br />9. Emirs Agreement, This Agreement constitutes the entire enrsernent between the parties and <br />eupsrsedes ail ether prior end contemporaneous agreements, representation*, and understandings or the <br />parties regarding the aubieot matter 0? Ide Agreement. No supplement, moolnoation or amendment of <br />this Agreement sherd be binding unless mooted fn writing by the parties. No representations or <br />warranties whatever are made by any party to this Agreement except es specifically set forth to this <br />Agreement or 1n an lnstrement deliveree pursuant to this Agreement. <br />10. Default Roma& Adsfaul shad be deemed to have oaourred Wither partybreeohes tta <br />obligations hereunder and tails locum such breech within 30 days of written notes from the non• <br />breaching party specifying the breech. Waiver Wafture to give notice of a psrtleular default or defaults <br />shag not be construed as condoning oraoqulesdng to any continuing or subsequent default. In addition <br />to otherlegel remedies available to it, Induding speak: performance and damson, the non - breaching <br />party shalt also have the right to cancel the Agreement for noncompliance with any provision hereunder <br />by diving written notice of canceuetton; provided that such party has previously given tiie other party <br />written notloe clean noncompliance and the other party hue not cured such noncompliance.. <br />11. Elopement, Tis Aggreement shall be construed end governed in accordance with the taws of <br />the State of Colorado, end shall be deemed perrormable in Weld County, Colorado. This Agreement may <br />20f3 <br />