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• as exhibit A . The addresses of the parties, to which any <br /> notices, or installment payments, required or permitted hereunder <br /> shall be mailed or delivered, are as follows: <br /> To 8ellerst To Buyer: <br /> Thomas C. Molloy The City of Louisville <br /> Box 223 749 loin Street <br /> Allenspark, CO 80510 Louisville, CO 80027 <br /> Mary Alice Billings <br /> South Star Route <br /> Lyons, CO 80540 �, <br /> Notice of any change in the address to be used for <br /> notification hereunder shall be mailed or delivered to the most ' <br /> current address provided. All notices shall be deemed effective <br /> upon receipt. • <br /> 11. As further consideration for this agreement, Buyer <br /> grants to Sellers a first'and prior right to lease the subject <br /> water rights for the 1987 irrigation season. Said lease shall be <br /> at the option of the Buyer. The lease price shall be the amount <br /> of any regular and special assessments for the shares leased. If <br /> Sellers wish to lease the subject shares, they must send written <br /> notice to Buyer before April 15, 1987. <br /> 12. The benefits of this agreement and the burdens <br /> hereunder shall respectively inure to and be binding upon the <br /> successors and assigns of the parties hereto. <br /> 13. This agreement constitutes the entire agreement of the <br /> parties and no amendment or modification of this contract shall <br /> be of any force or effect unless in writing and executed by the <br /> parties hereto with the same formality as this agreement. <br /> 14. Time is of the essence hereof• and if payment or other <br /> condition, covenant, or promise hereof is not made, tendered, <br /> performed or satisfied by either the Sellers or the Buyer as <br /> herein provided, then this contract, at the option of the party <br /> who is not in default, may be terminated by such party, in which <br /> -5- <br />