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BORROWER: REPUBLICAN RIVER WATER Agency Name: Water Conservation Board <br />CONSERVATION DISTRICT, ACTING BY AND Agency Number PDA <br />THROUGH ITS WATER ACTIVITY <br />ENTERPRISE <br />Contract No. C150260 <br />LOAN CONTRACT AMENDMENT NO. 1 <br />(STANDARD CONTRACT — WAIVER #160 — APPROVED NOVEMBER 1 O, 2003) <br />This Amendment, made this July 8, 2010, by and between the State of Colorado <br />for the use and benefit of the Department of Natural Resources, Colorado Water <br />Conservation Board ("CWCB"), and the Republican River Water Conservation District, <br />acting by and through its Water Activity Enterprise, 410 Main Street, Suite 8, Wray, CO <br />80758 ("BORROWER" OI' "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 C150260. <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 C150260, <br />dated November 3, 2008 (" ORIGINAL CONTRACT incorporated herein by reference, <br />wherein the CWCB agreed to loan money in the total amount up to $60,600,000, and <br />the BoRROwER agreed to repay the loan in accordance with the terms of the ORi�iNa� <br />CONTRACT. <br />D. In a letter dated May 6, 2010, the BoRROwER has requested an extension in the time <br />the CWCB has allowed for 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, 2012. <br />NOW THEREFORE, it is hereby agreed that <br />2. Consideration for this Amendment to the ORi�iNa� CotvTRa,cT consists of the payments <br />that shall be made pursuant to this Amendment and the ORi�iNa� CoNTr�acT 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 />ORIGINAL 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's <br />Project until December 31, 2012. <br />5. The parties agree that the ORi�irva� CoNTRa,cT is and shall be modified, altered, and <br />changed in the following respects only: Section 11 of the Project Summary, Time for <br />Page 1 of 5 <br />