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I. AMENDMENT TO THE PROMISSORY NOTE,APPENDIX A,AMENDMENT NO. 1 TO LOAN CONTRACT No.C150237,in the amount of$9,763,670 and incorporated herein, which shall replace and supersede the original PROMISSORY NOTE, in the amount of $8,844,570, dated December 13, 2010, and attached to the ORIGINAL CONTRACT as APPENDIX 2. II. AMENDMENT TO THE SECURITY AGREEMENT, Appendix B AMENDMENT NO. 1 TO LOAN CONTRACT No. C150237, in the amount of$9,763,670 and incorporated herein, which shall supplement and operate in conjunction with the SECURITY AGREEMENT, in the amount of $8,844,570, dated December 13, 2010, and attached to the ORIGINAL CONTRACT as APPENDIX 4. III. The BORROWER has adopted a resolution, irrepealable for the term of this loan, authorizing the BORROWER to enter into this contract amendment to borrow the ADDITIONAL LOAN AMOUNT, to establish and collect assessments sufficient to pay the annual loan payments, to pledge said assessments for repayment of the loan, and to execute documents necessary to convey a security interest in said assessments and collateral, if necessary, to the CWCB. Said resolution is labeled and attached as APPENDIX C. IV. Prior to the execution of this Amendment by the CWCB, the BORROWER shall submit to the CWCB a letter from its bond counsel stating that it is the bond counsel's opinion that (1) the person(s) signing for the BORROWER was duly elected or appointed and has authority to sign such documents on behalf of the BORROWER and to bind the BORROWER; (2) the BORROWER'S governing body has validly adopted a resolution approving this Amendment; (3) there are no provisions in the any state or local law that prevent this Amendment from binding the BORROWER; and (4) this Amendment will be valid and binding against the BORROWER if entered into by the CWCB. 7) EFFECTIVE DATE OF AMENDMENT The effective date hereof is upon approval of the State Controller or their delegate. 8) ORDER OF PRECEDENCE Except for the Special Provisions, in the event of any conflict, inconsistency, variance, or contradiction between the provisions of this AMENDMENT and any of the provisions of the ORIGINAL CONTRACT, the provisions of this AMENDMENT shall in all respects supersede, govern, and control. The most recent version of the Special Provisions incorporated into the ORIGINAL CONTRACT or any amendment shall always control other provisions in the ORIGINAL CONTRACT or any amendments. 9) AVAILABLE FUNDS Financial obligations of the state payable after the current fiscal year are contingent upon funds for that purpose being appropriated, budgeted, or otherwise made available. Amendment No.1 to Loan Contract C150237 Page 2 of 3