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}�+iENDMENT <br />TO THE BYI,ATirTS OF THE <br />GRAND RIVER DITCH COMPANY <br />ARTICZE 18: <br />There will be no lese than 0.25 (twenty-five one <br />hundredths) shares of water transferred or retained by any <br />shareholder. <br />Approved by a majority vote of the shareholders on <br />January 14, 2994. <br />� <br />� <br />i <br />1 <br />� <br />! <br />1 <br />