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� <br />� <br />AMENDMENT NO. 1 TO SECURITY AGREEMENT <br />DEBTOR <br />SECURED PARTY: <br />BIJOU IRRIGATION DISTRICT <br />COLORADO WATER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: MARCH 7, 2008 <br />Original Promissory Note: <br />ORIGINAL LOAN CONTRACT: <br />$2,408,850, dated March 7, 2008, Interest at <br />the rate of 2.25% per annum with annual <br />payment for a period of 30 years or until paid in <br />full. <br />C150259, DATED MARCH 7, 2008 <br />10. The Parties have amended the ORiGiNA� LoaN CotvTRacT and Promissory Note to <br />increase the loan amount from $2,408,850 to $4,454,100 and hereby amend the <br />original Security Agreement to document the change of loan amount. <br />11.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: C150259, dated December 1, 2008 <br />Replacement Promissory Note: $4,454,100, dated December 1, 2008, interest <br />at the rate of 2.25% per annum with annual <br />payments for a period of 30 years or until paid in <br />full <br />Date af Amended Security Agreement: December 1, 2008 <br />DEBTOR: Bijou Irrigation District <br />� r <br />SEP,L ^ <br />. B <br />-��' Larry J. Kre ' g, President <br />A Ea�� <br />By � <br />Denice Wagner, Secretary <br />Appendix C to Loan Contract C150259 Amendment No. 1 <br />