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MUTUAL RESCISSION AND RELEASE OF <br />WATER RIGHT PURCHASE AND SALE AGREEMENT <br />This Mutual Rescission and Release Agreement ("Agreement") is made and entered <br />entered into this day of nwA,�� , 2025, by and between KITTITAS COUNTY, a <br />political subdivision of the State of Washington ("County"), and DAVID W. ADAMS AND <br />LEANN T. ADAMS, husband and wife, and WILLIAM S. CRAIG and CONSTANCE M. CRAIG, <br />husband and wife and/or assigns ("Adams/Craig") <br />Factual Background <br />A. Adams/Craig entered into a Water Right Purchase and Sale Agreement with the County <br />on March 14, 2023, as amended on March 4, 2025. Adams/Craig were the Sellers of water <br />rights, and the County was the Buyer. The Water Rights Purchase and Sale Agreement <br />subject to mutual rescission through this Agreement is attached and incorporated into this <br />Agreement as Exhibit A. <br />B. The Water Right Purchase and Sale Agreement did not close, and both the County and <br />Adams/Craig now wish to terminate the Water Rights Purchase and Sale Agreement. <br />C. This Agreement is a mutual agreement between the County and Adams/Craig to rescind <br />the prior Water Rights Purchase and Sale Agreement and to release all parties to that prior <br />Water Rights Purchase and Sale Agreement of any and all obligations under that <br />agreement. <br />Agreement <br />1. Mutual Rescission of Water Rights Purchase and Sale Agreement <br />Adams/Craig and County hereby agree to mutually cancel and rescind the prior Water <br />Rights Purchase and Sale Agreement. The Water Rights Purchase and Sale Agreement shall <br />be considered null and void as of the effective date of this Agreement. <br />2. Mutual Release of Obligations and Liabilities <br />All parties to the Water Rights Purchase and Sale Agreement are relieved of any further <br />obligations, duties, or liabilities arising out of that agreement, except as expressly stated <br />herein. <br />3. Disposition of Earnest Money <br />The parties agree that any Earnest Money deposited by the County shall be returned to the <br />County within 15 days of this Agreement. <br />