Water Rights Lease Agreement

Brigham Young University, a not-for-profit corporation and higher education institution in Utah („owner“) and Salem City Corporation, a Utah municipal corporation („Tenant“), enter into the lease agreement. This water lease agreement exists between Denver Wells, LLC, a limited liability company in Colorado („Lessor“), and Eldorado Artesian Springs, Inc., a Colorado company („Lessee“). Landlords and tenants can sometimes be referred to individually as „party“ or collectively as „parties.“ The landlord agrees to rent to the taker and the tenant agrees to rent water determined by the renter under the conditions described below. This first AMENDMENT will be completed and concluded on July 15, 2008 between Denver Wells, LLC, a limited liability company in Colorado („Lessor“) and Eldorado Artesian Springs, Inc., a Colorado company („Lessee“), s. This First Amendment amends, amends and replaces the implementation of certain water leases between landlord and tenant on August 31, 2006 (the „lease“).