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�, _ <br />4' <br />AMENDMENT NO. 2 TO SECURITY AGREEMENT <br />DEBTOR: BULL CREEK RESERVOIR CANAL sc POWER <br />COMPANY <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: .IUNE 18, 20Q7, AMENDED SEPTEMBER 21, 2009 <br />Original Promissory Note <br />ORIGINAL LOAN CONTRACT: <br />$1,456,218, dated September 21, 2009, <br />Interest at the rate of 2.5% per annum with <br />annual payment for a period of 30 years or <br />until paid in full. <br />C150240, DATED .IUNE 18, 2007, AMENDED <br />SEPTEMBER 21, 2009 <br />12. The Parties have amended the ORi�irvA� LoaN CorvTR,�,cT and Promissory Note to <br />increase the loan amount from $1,456,218 to $1,801,630 and hereby amend the <br />original Security Agreement to document the change of Ioan amount. <br />13. 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: C150240, dated December 1, 2010 <br />Replacement Promissory Note: $1,801,630, dated December 1, 2010, interest <br />at the rate of 2.5% 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, 2010 <br />DEBTOR: Bull Creek Reservoir Canal & Power <br />Company <br />SEAL <br />By <br />Irv� Johnson, President <br />ATTES : � <br />gy <br />t,..- �..1 � � <br />J hn Groo, Secretary <br />Appendix C1 to Loan Contract C150240 Amendment No. 2 <br />