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AMENDMENT No. 2 TO LOAN CONTRACT C150172 <br /> AMENDMENT TO THE SECURITY AGREEMENT <br /> DEBTOR: Union Ditch Company <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: FEBRUARY 10, 2006 <br /> ORIGINAL PROMISSORY NOTE: $312,595.00 DATED FEBRUARY 10, 2006, INTEREST AT <br /> THE RATE OF 2.50% PER ANNUM WITH ANNUAL <br /> PAYMENT FOR A PERIOD OF 30 YEARS OR UNTIL PAID IN <br /> FULL. <br /> ORIGINAL LOAN CONTRACT: C150172, DATED MARCH 2, 2006 <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to decrease <br /> the loan amount from $312,595.00 to $100,061.53, and hereby amend the original Security <br /> Agreement to document the change of loan amount. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the Security Agreement <br /> and all terms, conditions, and provisions thereof, unless specifically modified below, are to <br /> apply to this Amendment as though they were expressly rewritten, incorporated, and included <br /> herein. <br /> Amended Loan Contract: Amendment No. 2 to Loan Contract No.C150172 <br /> Replacement Promissory Note: $100,061.53, dated December 20, 2013, interest at <br /> the rate of 2.50% per annum with annual payments <br /> for a period of 30 years or until paid in full <br /> Date of Amended Security Agreement: December 20, 2013 <br /> DEBTOR: Union Ditch Company <br /> SEALS <br /> By iti l2/ <br /> Y ?I_ �C-�` President <br /> Gary Alles Signature/Title <br /> ATTEST: <br /> Date January 2, 2014 <br /> By Secretary <br /> Signature/Title Donna L. Coble <br /> Date January 2, 2014 <br /> Appendix B to Amendment No. 2 <br /> Loan Contract C150172 <br /> Page 1 of 1 <br />