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CONSENT TO ADDITIONAL PARITY DEBT <br />The undersigned, on behalf of the Deparhnent of Natural Resources, Colorado <br />Water Conservarion Board (the "CWCB"), and pursuant to the Loan Contract by and <br />between the Town of Hillrose, Colorado Water Enterprise (the "Issuer") and the CWCB, <br />dated December 3, 2004, providing for a loan in the original principal amount of $69,311 <br />(the "Loan"), hereby consents to and approves the issuance of the Issuer's $44,000 Water <br />Revenue Bonds, Series 2008A as additional debt having a parity lien on the revenues <br />pledged to the repayment of the Loan. <br />DATED: September 17, 2008. <br />DEPARTMENT OF NATURAL <br />RESOURCES, COLORADO WATER <br />CONSERVATION BOARD <br />• (��;%� ( ��•'��' L <br />By. <br />Its: ��/`"� --->u�/ �o�,tir�i �-� ,�; �� c c� � <br />���7 <br />DMWEST #6715976 v1 <br />