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� <br />� <br />AMENDMENT N0.1 TO SECURITY AGREEMENT <br />DEBTOR: BULL CREEK RESERVOIR CANAL & POWER <br />COMPANY <br />SECURED PARTY: COLORADO WA7ER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: .IUNE 18, 20O% <br />7 <br />� <br />Original Promissory Note <br />ORIGINAL LOAN CONTRACT: <br />$1,212,000, dated June 18, 2007, Interest at <br />the rate of 2.5% per annum with annual <br />payment for a period of 30 years or until paid in <br />full. <br />C150240, DATED �UNE 18, 2007 <br />The Parties have amended the ORi�iNn�. LonN CoN�ncT and Promissory Note to <br />increase the loan amount from $1,212,000 to $1,456,218 and hereby amend the <br />original Security Agreement to document the change of loan amount. <br />The Parties expressly agree that this Amendment is supplemental to the Security <br />Agreement and all terms, conditions, and provisions thereof, uniess 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: <br />Replacement Promissory Note: <br />Date of Amended Security Agreement: <br />C150240, dated September 21, 2009 <br />$1,456,218, dated September 21, 2009, interest <br />�t the rate of 2.5% per annum with annual <br />payments for a period of 30 years or until paid in <br />fuU <br />September 21, 2009 <br />DEBTOR: Bull Creek Reservoir Canal & Power <br />Company <br />S EAl� <br />By <br />m Johnson, President <br />ATTES � . <br />1 <br />By � �- � / <br />John Groo, Secretary <br />Appendix C to Loan Contract C150240 Amendment No. 1 <br />