C150189 Contract

• Contract/PO #: C150189
• Contractor Name: Larimer and Weld Irrigation Company, The
• Contract Type: Loan
• Water District: 2
• County: Weld
• Loan Projects - Doc Type: Contract Documents

AMENDMENT NO.1 TO SECURITY AGREEMENT

DEBTOR: LARIMER & WELD IRRIGATION COMPANT

SECURED PARTY: COLORADO WATER CONSERVATION BOARD

DATE OF ORIGINAL SECURITY AGREEMENT: DECEMBER 15, 2004

Original Promissory Note: $1,515,000, dated December 15, 2004,
Interest at the rate of 2.5% per annum
with annual payment for a period of 30
years or until paid in full.
ORIGINAL LOAN CONTRACT: C150189, DATED DECEMBER 15, 2007

6. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note
to increase the loan amount from $1,515,000 to $1,620,492 and hereby amend
the original Security Agreement to document the change of loan amount.

7. The Parties expressly agree that this Amendment is supplemental to the
Security Agreement and all terms, conditions, and provisions thereof, unless
specifically modified below, are to apply to this Amendment as though they
were expressly rewritten, incorporated, and included herein.

Amended Loan Contract:
Replacement Promissory Note:

C150189, dated January 4, 2008

$1,620,492, dated January 4, 2008,
interest at the rate of 2.5% per annum
with annual payments for a period of 30
years or until paid in full

January 4, 2008

Date of Amended Security Agreement:

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DEBTOR: Larimer & Weld Irrigation Compant

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arry Anderson, President

By

By

Appendix B to Loan Contract C150189