C150255 Contract

• Contract/PO #: C150255
• Contractor Name: Bijou Irrigation Company
• Contract Type: Loan
• Water District: 1
• County: Morgan
• County: Weld
• Loan Projects - Doc Type: Contract Documents

Official Records of Morgan County, CO 849698
6/2/08 11:01 AM P;s: 2
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AMENDMENT No.1 TO DEED OF TRUST

Date: April 14, 2008
Grantor (Borrower): Bijou Irrigation Company
Beneficiary (Lender): Colorado Water Conservation Board
Date of Deed of Trust: October 5,2007
Recording Date of Deed of Trust: February 15, 2008
County of Recording ("County"): Morgan
Deed of Trust Recording Information: 847755 (3 pages)
Loan Contract: C150255, dated October 5, 2007
Promissory Note: $809,010, 2.25%,30 Years, dated April
14,2008

This Amendment to the Deed of Trust is between the Grantor and the Public Trustee of
the County, State of Colorado.

The Original Deed of Trust was recorded to secure repayment of the
indebtedness evidenced by Loan Contract and Promissory Note between the Grantor
and the Beneficiary.

Based upon unforeseen cost overruns during construction, Grantor requested an
increase to the original loan amount.

Grantor and Beneficiary have agreed to amend the Original Deed of Trust to reflect the
revised loan amount.

NOW THEREFORE, the CWCB and Grantor agree that:

1. The first Factual Recital of the Original Deed of Trust is hereby amended to read as follows:

The Grantor has executed a Promissory Note dated April 14, 2008, to secure the repayment
of the indebtedness evidenced by Contract No. C150255, dated October 5, 2007, as
amended on April 14, 2008 for the total principal sum of $809,010, to be repaid to the State
of Colorado for the use and benefit of the Department of Natural Resources, Colorado
Water Conservation Board ("CWCB") the beneficiary herein, whose address is 1313
Sherman Street, Room 721, Denver, CO 80203, payable in 30 annual installments, in
accordance with said Promissory Note, or until the loan is paid in full.

2. In the event of any conflict, inconsistency, variance, or contradiction between the provisions
of this amendment and any of the provisions of the original deed of trust, the provisions of
this amendment shall in all respects supersede, govern, and control.

3. Any provisions of the original deed of trust not expressly modified herein remain in full force
and effect.

Executed on the date first written above.

GRANTOR: Bijou Irrigation Company

(SEAL)

Appendix D to Loan Contract C150255 Amendment No.1