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FIRST AMENDMENT TO
WATER LEASE AGREEMENT
THIS FIRST AMENDMENT is made and entered into
this 15 day of July, 2008 by and between Denver Wells, LLC, a
Colorado limited liability company (“Lessor”) and
Eldorado Artesian Springs, Inc., a Colorado corporation
(“Lessee”). This First Amendment modifies, amends and
supercedes that certain Water Lease Agreement between Lessor and
Lessee dated August 31, 2006 (the
“Lease”).
WHEREAS, Lessor and Lessee desire to modify and
amend the Lease to affect their current agreements; and
WHEREAS, the
Lease will remain in full force and effect except as modified and
amended below.
NOW, THEREFORE, in consideration of the Lease,
the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:
1. Term . The term of the Lease is
hereby extended for an additional two (2) years, commencing
October 1, 2008 and continuing through September 30, 2010
(the “Extension Term”).
2. Payment Terms . All Leased Water
delive
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