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03/17/2011 08:11 17193365031 <br />iw LV:. V.JUMO <br />Received Time Mar. 17. 2011 8:15AM No. 3600 <br />R M HINER CONST CO / <br />112. scV9 r. b <br />or. if reetentd by Lessee, dairy basis. Lessee shall have the ht, <br />the mewing devices ulllmd s. The fully consumable note*, t 0! mild <br />the accuracy of <br />derJveries.sitafl be deteanrined m � �� the fatty eonaumabie porilen of asks <br />as Mildred byt s Sate Engine the measured dttivtrde3 by 47" or by some other factor <br />4. The tens of this agreement shall be from the date Of axaoutian of We Agreement until <br />October W2012, Upon explosion rifts Aryeement, LeaIee shell have the dght to nego11ete tome tor <br />extending the saris for another per. <br />tali.. Lew shin <br />es be entitled t0 used* Graham D Water t eyed want to this agreement <br />n it Any and all beneficial wee, Wading. but not lathed to, fully consume* augmentation and <br />«.ptaoemant. <br />0 . Mead. Leaeee shall hove the tight, at III We col and expense. to seek and obtain Mate <br />engineer approval of ■ $WW. using the Graham Ditch Watar as a souroa ofaugmentation or <br />molao meat water, during the tam of thtsApreement. Lessor shag not oppose Leeeee's SWOP and shah <br />fully coopende wish Lease In aonnuubn with the renteet(a) by Providing such information and <br />aseteinoe as Is reasonable requested by i.essee, he water dim counsel, Its engineering consultants or <br />the Dheslon Engines. <br />7. <br />7.1 lessee eclutoWl dgee that It hair <br />f aled, obtained and reviewed to Ns tatiafaatlon whatever lnformatton or <br />documents h deemed necessary which relate to or elfin the Vied and operation of <br />the 4rahanr Ditch and its use of (Vahan' Oltch Water, and 11 enters Into that <br />Ag reement 4 bleed solely to Manes upon its o invaMlgetion as to the yield and <br />tdfey of the Graham Ottch Water tans famous. Lessor makes no <br />representatlone, warronges, eats or p vm see WM respect to the yield to <br />ream or suitability ofthe GDitchWeeder pu odes. <br />?,2 rata Authority. The unaatsigned repretentthatthey hsva NH authority to enterint° <br />this Agreement on behalf's! ate respective perusal, The polls' have taken aV <br />actions required end secured the mummy ammonite enter btto this Agreement. <br />a. <br />Lessee endk .Th greemeht shall be binding upon and Inure tOthe benefit of the Lessor and <br />ti suoeessom sad assigns. <br />O. O fa This AgreeMent constitutes the amnia agreed tertt between the paths and <br />eupereedes all of er prior and oontemporeneoue ai r+aemantt, representelions, and understandings of the <br />Pollee regarding the abject matter Odds Aperient, No supplement, modification or Amendment of <br />this Agreement shad be binding unless executed le vet* by hie pardon. No representations es <br />warranties whatever are made by any puny to this Agreement except as speoNloetiy est tarth In tilt <br />Agreement or in an instrument delivered pursuant le ??taus Aweement. <br />10. Ritanatalgeta. A dehud shah be deemed to No oteurred ft Ntlner <br />obligations hereunder and Adis t0 auto such breach within 30 days of written notice front th non <br />breeching party specifying are breach. Weiser whim* to give notice of padiouiar defog er defaults <br />shell not be oatnainred n condoning or aoquteedng to any continuing or subsequent default. In addtlon <br />to other legal remedies eye lirbfe to il, inc riling speolfio perfenmanoa and demeges, air non •breaohing <br />bPayrtty shall also have the Add to UM* the Agrasmentfor nonoompll, IA any prevision hereunder <br />by [ten n ra of notice twom presided Meted) Daittr Ma prauio1Ngf OM s0 fh, ether party <br />pltamoe std the other party hu riot oared sun nonoompUanu. <br />11. Saf2=ift ThtsAgr a stmt shall be conaroed and governed in a000rdance with the laws of <br />the elate of etered., and shall be deemed performable In Weld County, Colorado, TNs Agreement may <br />2of3 <br />PAGE 86 <br />