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STOCK ASSIGNMENT <br />FOR VALUE RECEIVED, C. R. Evans, the undersigned, hereby sells, assigns <br />and transfers 1,876 shares of the capital stock of the Excelsior Irrigating <br />Company unto the Colorado Water Conservation Board, which stock is standing <br />in the name of the undersigned on the books and records of the Company <br />represented by the Certificate No. 6, and does hereby irrevocably constitute and <br />appoint as attorney-in-fact to <br />transfer the said stock on the books of the Company with full power of substitution <br />in the premises. This Stock Assignment shall be effective solely in the event of a <br />default by C. R. Evans or by the Excelsior Irrigating Company under Loan <br />Contract C153797 with the Colorado Water Conservation Board. <br />DATED: %~L 8 ~'g~ <br />~~~ ~ <br />C. R. Evans <br />Appendix 6 to Loan Contract C153797 <br />