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AMENDMENT NO. 1 TO SECURITY AGREEMENT <br />DEBTOR: WATER SUPPLY AND STORAGE COMPANY <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: MAY 15, 2009 <br />Original Promissory Note <br />ORIGINAL LOAN CONTRACT: <br />$843,350, May 15, 2009, interest at the rate of <br />3.7% per annum with annual payment for a <br />period of 30 years or until paid in full. <br />C 150281 DATED MAY 15 2009 <br />1. The Parties have amended the ORi�inw� LoAN CorvTw�►cT and Promissory Note to <br />decrease the loan amount from $843,350 to $704,503.91 and hereby amend the <br />original Security Agreement to document the change of loan amount. <br />2. 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: C150281, dated May 10, 2010 <br />Replacement Promissory Note: $704,503.91, dated May 10, 2010, interest at <br />the rate of 3.7% per annum with annual <br />payments for a period of 30 years or until paid in <br />full <br />Date of Amended Security Agreement: May 10, 2010 <br />SEAL <br />ATTEST: <br />By <br />Dana . Parker, Secretary <br />DEBTOR Water Supply and Storage Company <br />= i// �� i � i/. <br />� <br />�/. - - � - <br />Appendix B to Loan Contract C150281 Amendment No. 1 <br />Page 1 of 1 <br />