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<br />AMENDMENT NO.1 TO SECURITY AGREEMENT <br /> <br />DEBTOR: Kenneth Guenzi, David Guenzi, and John <br />Guenzi, jointly and severally <br /> <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> <br />Date of Original Security Agreement: OCTOBER 29, 2004 <br /> <br />Original Promissory Note: $334,739.00, dated October 29, 2004, <br />Interest at the rate of 2.5% per annum with <br />annual payment for a period of 30 years or <br />until paid in full. <br />ORIGINAL LOAN CONTRACT: C150174, DATED OCTOBER 29,2004 <br /> <br />1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory <br />Note to increase the loan amount from $334,739 to $352,000 and hereby <br />amend the original Security Agreement to document the increased loan <br />amount. <br /> <br />2. The Parties expressly agree that this Amendment is supplemental to the <br />Security Agreement and all terms, conditions, and provisions thereof, <br />unless specifically modified below, are to apply to this Amendment as <br />though they were expressly rewritten, incorporated, and included herein. <br /> <br />Amended Loan Contract: C150174, dated October 29, 2004, <br />amended September 1, 2005 <br /> <br />Replacement Promissory Note: $352,000.00, dated September 1, 2005, <br />interest at the rate of 2.5% per annum with <br />annual payments for a period of 30 years or <br />until paid in full <br /> <br />Date of Amended Security Agreement: September 1,2005 <br /> <br />(SEAL) <br /> <br />Debtor: KENNETH GUENZI, DAVID GUENZI, AND <br />JOHN GUENZI, JOINTLY AND SEVERALLY <br /> <br />:;:Y~J~~ <br />Kenneth Guenzi, a olorado indivi ual <br /> <br />Appendix B to Loa <br /> <br /> <br />al <br /> <br />174 Amendment No.1 <br />