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,-,~ <br /> <br />AMENDMENT NO. 1 TO SECURITY AGREEMENT <br />DEBTOR: BIJOU IRRIGATION DISTRICT <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: MARCH 7, 200H <br />Original Promissory Note: $654,480, dated March 7, 2008, Interest at the <br />rate of 2.25% per annum with annual payment <br />for a period of 30 years or until paid in full. <br />ORIGINAL LOAN CONTRACT: C150256, DATED MARCH 7, 2008 <br />10. The Parties have amended the ORi~irvA~ LoaN CoNrw4cr and Promissory Note to <br />increase the loan amount from $654,480 to $2,090,700 and hereby amend the <br />original Security Agreement to document the change of loan amount. <br />11.The Parties expressly agree that this Amendment is supplemental to the Security <br />Agreement and all terms, conditions, and provisions thereof, unless specifically <br />modified below, are to apply to this Amendment as though they were expressly <br />rewritten, incorporated, and included herein. <br />Amended Loan Contract: C150256, dated December 1, 2008 <br />Replacement Promissory Note: $2,090,700, dated December 1, 2008, interest <br />at the rate of 2.25% per annum with annual <br />payments for a period of 30 years or until paid in <br />full <br />Date of Amended Security Agreement: December 1, 2008 <br />SEAL <br />A i E$T: <br />, _ , <br />ti <br />By i ~ <br />Denice Wagn r, Secretary <br />DEaTOR: Bijou Irrigation District <br />,~ ~ ~ <br />~ / ~ <br />By --` i~ . <br />- ~ Larry J. Kr ng, President <br />,. <br />~' .. <br />Appendix C to Loan Contract C150256 Amendment No. 1 <br />