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.' <br />BORROWER: ARKANSAS GROUNDWATER <br />USERS ASSOCIATION <br />Contract No. C150156 <br />Agency Name: Water Conservation Board <br />Agency Number PDA <br />Routing Number: 09 PDA � O v �( <br />LOAN CONTRACT AMENDMENT NO. 1 <br />(STANDARD CONTRACT — WAIVER #160 — APPROVED NOVEMBER 1 O, 2003) <br />This Amendment, made this October 1, 2008, by and between the State of <br />Colorado for the use and benefit of the Department of Natural Resources, Colorado Water <br />Conservation Board ("CWCB"), and the Arkansas Groundwater Users Association, a <br />Colorado nonprofit corporation, 101 East Santa Fe, Box 367, Fowler, CO 81039 <br />("BORROWER" or "CONTRACTOR"). <br />FACTUAL RECITALS <br />A. Authority exists in the law, and funds have been budgeted, appropriated, and otherwise <br />made available for payment in Contract Encumbrance Number C150156. <br />B. Required approval, clearance, and coordination have been accomplished from and with <br />appropriate agencies. <br />C. The CWCB and the BoRROwER entered into Contract Encumbrance Number C150156, <br />dated November 1, 2003 (" ORIGINAL CONTRACT incorporated herein by reference, <br />wherein the CWCB agreed to loan money in the total amount up to $970,448, and the <br />BoRROwER agreed to repay the loan in accordance with the terms of the ORi�iNa� <br />CONTRACT. <br />D. The BoRROwER has requested an extension in the time the CWCB has allowed for <br />completion of the Project. <br />E. The CWCB has reviewed the BoRROwER's request and has agreed to amend this <br />contract to extend the time for completion of the project until December 31, 2009. <br />NOW THEREFORE, it is hereby agreed that <br />2. Consideration for this Amendment to the ORi�iNa� CoNTFtacT consists of the payments <br />that shall be made pursuant to this Amendment and the ORi�iNa� CoNTRa,cr and the <br />promises and agreements herein set forth. <br />3. It is expressly agreed by the parties that this Amendment is supplemental to the <br />ORi�iNA� CoNTRacT and all terms, conditions, and provisions thereof, unless specifically <br />modified herein, are to apply to this Amendment as though they were expressly <br />rewritten, incorporated, and included herein. <br />4. The CWCB agrees that it shall extend the time for completion of the BORROWER <br />Project until December 31, 2009. <br />5. The parties agree that the ORi�iNa� CorvTr�acT, is and shall be modified, altered, and <br />changed in the following respects only: <br />a. Section 11 of the Project Summary, Time for Performance, is revised to read as <br />follows: PRO�ECT Finish: December 31, 2009. <br />Page 1 of 4 <br />