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• <br />or, if required b Lessee, daily�basis Lessee shall have the right, upon prior�reasonable notice to verify <br />the accuacy r of the mea dev s utilized by Lessors The fully consumable portion of said <br />d eliveries shall +be determined by :multi lying the measured detiveriesby 47.5 %0, 'or by some other factor <br />as1r the State' Engineer. <br />4. Term a term of ifhis agreement shall 43t from the date of execution of this Agre until <br />October 1, Q.112. 'Upon expiration oflf is l:Agreement, iLessee shall ±have 1he fidift to negotiate loiro s for <br />extending 'thellease for anothet year. <br />5. Use. Lessee s ha11 tie e to use the Graham +Ditch Water Leased Q pursuant to this agreement <br />for an a all beneficial uses i <br />, cludin but snot ilimited _to, fu lly consumable augmentation and <br />repl <br />6 Approval Lessee shallhav the right at its sole cost and expen se, to seek and ob State <br />tain <br />E ngineer appr ' t o f a ; u ,t he Graham 9Dittch Water x as a s ource of� augmentatio or <br />r ement`wat d urin g - th e term of thi A 'Les s hall1n n ot oppose Lessee s SWSP and shall <br />f ully c ooperate w ith `t e s ee tin ti conneection with the i reque s t(s) 113 providin such information and <br />assistance as is : reasonable requeste by Le s see, its wat coun its e ngineering consultants o'r <br />__ heDivisi E n g ineer. <br />7. Werra °and: Representations. <br />8. Assignati litV This Agreement shall be bmtlmg upon and inure �to;thebenefit of the tessorand <br />Lessee and;theirlrespective successors and assign, { <br />9. Entire Agreement This Agreement consttutes;the entire agreement' - ' - n,the�partes and <br />supersedeXalf other prator_and contemporaneous agreements, representat and understand rig - 4f the <br />p arties r ag riding t liJe o f;_th A g r e e men t No su poreme f m od ; , taon or ame of <br />th Agreement shall be binding unless executed in writing by the No { repesentaUotr <br />warranties.whatever by an par y o th Agreem a ril except =as specilically�s f in s <br />thi <br />u wx s P <br />Agreement or In ari.instrument delivered. pursuant to t Agreement. <br />7.1 iIndependentalnvesfigation and Review Lessee acknowledges that �t has • <br />mvestigatetl,t an revi to it s 'sa tisfaehon w h a tever infonnatlon or <br />' ''- "-- :�'i.�i u. r� y . tv , ..y `r'-- w , 3 - 24 i v '--' SSs av *.5x -4 <br />docurnents,t d necessary which re lat e,fo oriaff yf and op of <br />the Graham tD �tch ac i t s use t f Graham Ditch Wa a t e n te rs into this <br />7 �,u..K+� -p^- ps 'r ` .a ae-s, t iy, .�,,., ?` 1-" ` <br />Agree ba sed solely m reliance upo its own mv I ^- on as to the yield and <br />'R" . e fi`x°"�I t .F` -..a, ^ct t E r+ ''.w F+ l '- .i '.;sue`?4 <br />sultatifl ty of theaG ham Ditch Water for its purposes 1 essor,m kes p <br />representations, warr agr ,or pr with respect to the yield;to <br />10: Default Remedies A default shall rbe d eemed to have, occurred Alf either party t b reaches its <br />'"- - >. x:xr r .*�- --,.s. r Y ` 'E' s'.,,• r�rt-- .. ' ' .' `" -.:.� �e rte.''-` : M <br />bfiga one h de to_cureiuch breach�v i 3 0 d wnttten, not ce from <tlls <br />breachingsgarty sp th b reach Waiver or'f ,_ , fo gnre no, tide of a'pa ►culeetildia d ef a ults <br />a .. - , <br />shall not b ye cons ued ascondoning or acquiescing oo cost suing or subsequent def or yin a d d itio n <br />to other;lg remedies avail ble, it inclutltng speafi performance and damage ,the no breachl g <br />shall also have the'hght to _cancel the Agreement forinoncomphance w any�provision hereunder <br />giving wrttenxnotice of cancel a that such,party haspfeviiously gnVe otherrparty <br />tten notice of such, noncompliance and the other party has�not cu such toncompirance. ' <br />11. Er forcemeat This Agreement shall be.con strued and. governed 4n a rdance Wtth the Maws of <br />the State of Colorado, a ntl sFiall Abe deem rt <br />e ormabi44 i Weld C ount y Colorado. Th is A greem e nt tnay <br />2of3 <br />