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AMENDMENT NO. 2 TO SECURITY AGREEMENT <br />DEBTOR: SILT WATER CONSERVANCY DISTRICT, <br />ACTING BY AND THROUGH ITS WATER <br />ACTIVITY ENTERPRISE <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: NOVEMBER 1, 2003, AND AMENDED <br />JANUARY 15, 2008 <br />Original Promissory Note: <br />ORIGINAL LOAN CONTRACT: <br />$1,515,000, January 15, 2008, interest <br />at the rate of 2.5% per annum with <br />annual payment for a period of 30 years <br />or until paid in full. <br />C150149, DATED NOVEMBER 1, 2003, AND <br />AMENDED .IANUARY 15, 2008 <br />1. The Parties have amended the ORi�nva� Loarv CoNr�cT and Promissory Note <br />to decrease the loan amount from $1,515,000 to $1,074,384.85 and hereby <br />amend the original Security Agreement to document the change of Ioan <br />amount. <br />2. The Parties expressly agree that this Amendment is supplemental to the <br />Security Agreement and all terms, conditions, and provisions thereof, unless <br />specifically modified below, are to apply to this Amendment as though they <br />were expressly rewritten, incorporated, and included herein. <br />Amended Loan Contract: C150149, dated July 14, 2010 <br />Replacement Promissory Note: $1,074,384.85, dated July 14, 2010, _ <br />interest at the rate of 2.5% per annum <br />with annual payments for a period of 30 <br />years or until paid in full <br />Date of Amended Security Agreement: July 14, 2010 <br />DEBTOR: Silt Water Conservancy District, <br />acting by and through its Water Activity <br />Enterprise <br />S E A L ���� <br />By , <br />� Scot Dodero, President <br />ATTEST: I, I <br />gy � �zc�e�.r <br />Appendix B to L an Contract C150149 Amendment No. 2 <br />Page 1 of 1 <br />