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<br />STOCK ASSIGNMENT <br /> <br />FOR VALUE RECEIVED, the LOWER ARKANSA MANAGEMENT ASSOCIATION <br />hereby sells, assigns and transfers 300 shares 0 toc of the Manvel Canal and <br />Irrigation Company unto COLORADO WATER CONSER ION BOARD, which stock is <br />standing in the name of the undersigned ~he books and records of the Company <br />represented by Certificate No. 261, and d~ hereby irrevocably constitute and <br />appoint the Secretary of the Manv anal and Irrigation Company as attorney-in-fact <br />to transfer the said stock on the ooks f the Company with full power of substitution <br />in the premises. This Stock As . nm t shall be effective solely in the event of an <br />issuance by a Colorado 'strict Court of an order authorizing a foreclosure sale of said <br />shares of stock purs ant 0 Rule 120 of the Colorado Rules of Civil Procedure. <br /> <br />Dated: J <br /> <br /> <br />LOWER ARKANSAS WATER MANAGEMENT <br />ASSOCIA TION <br /> <br /> <br />By: <br /> <br /> <br />.'. ~p' <br /> <br />By: ' <br />DonaldF. Higbee, Cor ate Secretary <br />