Investor Presentaiton

1944 Water Treaty Administered by International Boundary & Water Commission (IBWC-El Paso) Delimits Rights to International Waters of Tijuana, Colorado, and Rio Grande (Rio Bravo) Rivers from Fort Quitman, Texas to the Gulf of Mexico U.S. Receives 1/3 of Total Flows or Minimum of 350,000 Acre Feet (af)/Year from Rio Grande River Below Fort Quitman Mexico Receives 1.5 million af/Year from the Colorado Mexico Receives 2/3 of Rio Grande, ALL of Waters from San Juan & Alamo Rivers & Half of the Flow from Rio Grande Below Falcon Dam

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