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statutes and administrative code provisions. Sellers also recognize that in applying the <br />statutes and administrative code provisions, Ecology interprets the statutes and <br />administrative code provisions in a manner that is beyond the control of County and <br />Sellers and but subject to certain statutory and administrative appeal rights. Ecology's <br />processing of the transfer request may result in all or part of the Water Right being <br />determined to be relinquished. Sellers agrees to assume the risk of all or part of the <br />Water Right being determined to be relinquished and agrees to hold County harmless <br />from any and all damages, loss of water or property rights, which may occur as result of <br />the transfer process. <br />8. Conriugcnci . <br />8.1 S IJcr ' anccllation Right. In the event that Aspect Consulting's Pre- <br />Filing Water Right Review, described in Section 5.1, finds that total annual <br />consumptive use under the Water Right eligible for transfer to the Trust Water <br />Rights Program, including Sellers Reserved Quantity, may be less than 110 acre- <br />feet per year, Sellers may, within five (5) days following receipt of such findings, <br />unilaterally terminate this Agreement by giving notice thereof to the County in the <br />manner provided herein ("Sellers' Cancellation Right"). If Sellers provide timely <br />notice to the County of Sellers' election to exercise Sellers' Cancellation Right, the <br />Parties shall have no further obligations under the Agreement, EXCEPT that Sellers <br />shall pay all of the County's share of Aspect Consulting's fees and costs and the <br />County's attorneys' fees associated with this Agreement incurred from the <br />Effective Date until the date of notice of Sellers' exercise of Sellers' Cancellation <br />Right hereunder. If Sellers exercise Sellers' Cancellation Right, the Parties agree to <br />maintain confidential the Pre-Filing Water Right Review estimate, to the fullest <br />extent permitted under applicable law. <br />8.2 Funding and Resolution Ratifying_ Agreement. This Agreement is <br />contingent upon (i) the County's ability to obtain funding in order to pay and (ii) <br />the Kittitas County Board of Commissioners passing a resolution in the ordinary <br />course of its business ratifying this Agreement and appropriating sufficient funds <br />for the purchase of the Water Right within twelve (12) months of the Effective <br />Date. In the event either of these contingencies are not satisfied or waived within <br />twelve (12) months of the Effective Date, then this Agreement shall terminate. <br />8.3 Ecology Appr-oval. Prior to Closing, all of the following conditions will have <br />occurred or been satisfied: (i) Ecology will have approved the Change Application <br />as filed by County or subject only to such variations from the Change Application <br />as are acceptable to County, (ii) the change contemplated by the Change <br />Application will have been approved in writing by all applicable governmental and <br />quasi-governmental authorities, (iii) all objection and appeal periods relating to the <br />Change Application or any governmental or quasi-governmental decisions relating <br />thereto will have expired, and (iv) any objections or appeals filed with respect to <br />Purchase and Sale Agreement <br />Between Kittitas County and <br />James and Hazel Treat <br />Page 4 ofl3