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<br />STOCK ASSIGNMENT <br /> <br />For value received, the LOWER ARKANSAS WATER MANAGEMENT ASSOCIATION hereby sells, <br />assigns and transfers 2,241.6 shares of stock of the Highland Irrigation Company unto the <br />COLORADO WATER CONSERVATION BOARD, which stock is standing in the name of the undersigned <br />on the books and records of the company represented by the following stock certificates in the <br />number of shares given: <br /> <br />No. 253,60 shares; "'(0. 275,9s; No. 278,10 shares; <br /> <br />No. 289, 21.2 shares; 'J.. 311, 30 shares, NQ. 312, 600 shares; <br /> <br />No. 318,152 shares; No. 319, 1.2 sh es; No. 320,33 shares; No. 323, 3 shares; <br /> <br />No. 325,143 shar, 1NO. 326, 3 ares; No. 327, 350 shares; No. 308,37 shares; <br /> <br />and do hereby irrevoca~nstitute and apPoint:Jij1:t:E:I(;~ ~~ as attorney- <br />in-fact to transfer the said stock on the books of the company with full power of substitution in <br />the premises. This Stock Assignment shall be effective solely in the event of an issuance by a <br />Colorado District Court of an order authorizing a foreclosure sale of said shares of stock <br />pursuant to Rule 120 of the Colorado Rules of Civil Procedures. <br /> <br />No. 258, 260 shares; <br /> <br /> <br />Dated (.-~;;Je /9 '7 '7 <br />v / <br /> <br />.- <br />/ <br /> <br />Lower Arkansas Water Management Association <br /> <br /> <br /> <br />e Secretary <br />