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1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments that shall be made pursuant to this Amendment and the ORIGINAL CONTRACT, and the promises and agreements herein set forth. 2. It is expressly agreed by the parties that this Amendment is supplemental to the ORIGINAL CONTRACT and all terms, conditions, and provisions thereof, unless specifically modified herein, are to apply to this Amendment as though they were expressly rewritten, incorporated, and included herein. 3. The CWCB agrees that it shall loan the BORROWER an additional loan amount of $81,000 plus the 1 % loan service fee for a loan amount of $277,245 to finance up to 90% of Project costs (ADDITIONAL LOAN AMOUNT). The terms for the ADDITIONAL LOAN AMOUNT are an interest rate of 2.25% per annum for a term of 20 years. The BORROWER hereby agrees to repay the loan in accordance with the terms of the ORIGINAL CONTRACT as herein amended and the attached Promissory Note. 4. The BORROWER has adopted a resolution, irrepealable for the term of this loan, authorizing the BORROWER to enter into this contract amendment to borrow the ADDITIONAL LOAN AMOUNT, to establish and collect assessments sufficient to pay the annual loan payments and to execute documents necessary to convey a security interest in collateral, if necessary, to the CWCB. Said resolution is attached as Appendix A. 5. Prior to the execution of this Amendment by the CWCB, the BORROWER shall submit to the CWCB a letter from its attorney stating that it is the attorney's opinion that (1) the person(s) signing for the BORROWER was duly elected or appointed and has authority to sign such documents on behalf of the BORROWER and to bind the BORROWER; (2) the BORROWER'S governing body has validly adopted a resolution approving this Amendment; (3) there are no provisions in the any state or local law that prevent this Amendment from binding the BORROWER; and (4) this Amendment will be valid and binding against the BORROWER if entered into by the CWCB. 6. The BORROWER agrees that it, or its members on behalf of the BORROWER, shall execute the following documents, all of which shall set forth the loan amount of $277,245 which includes the 1 % loan service fee: a. Promissory Note, attached as Appendix B and incorporated herein, which shall replace and supersede the Promissory Note in the amount of $195,435 dated January 1, 2005, attached to the ORIGINAL CONTRACT as Appendix 2. b. Amended Security Agreement, attached hereto as Appendix C and incorporated herein, which shall supplement and operate in conjunction with the Security Agreement dated January 1, 2005, attached to the ORIGINAL CONTRACT as Appendix 4. c. Amended Deed of Trust, attached hereto as Appendix D and incorporated herein, which shall supplement and operate in conjunction with the Deed of Trust dated January 1, 2005, attached to the ORIGINAL CONTRACT as Appendix 5a. d. Amended Deed of Trust, attached hereto as Appendix E and incorporated herein, which shall supplement and operate in conjunction with the Deed of Trust dated January 1, 2005, attached to the ORIGINAL CONTRACT as Appendix 5b. e. A new Deed of Trust, attached hereto as Appendix F and incorporated herein, which shall supplement and operate in conjunction with the Deeds of Trust dated January 1, 2005, attached to the ORIGINAL CONTRACT as Appendices 5a and 5b. Loan Contract C150191 Amendment No.1 Page 2 of6