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� <br />� <br />AMENDMENT NO. 2 TO SECURITY AGREEMENT <br />DEBTOR: BIJOU IRRIGATION DISTRICT <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: MARCH 7, 2008, AND AMENDED DECEMBER 1, <br />2008 <br />Original Promissory Note: <br />ORIGINAL LOAN CONTRACT: <br />$4,454,100, December 1, 2008, interest at the <br />rate of 2.25% per annum with annual payment <br />for a period of 30 years or until paid in full. <br />C150259, DATED MARCH 7, 2008, AND AMENDED <br />DECEMBER1,2008 <br />1. The Parties have amended the ORi�irva� LoaN CoNTRacT and Promissory Note to <br />decrease the loan amount from $4,454,100 to $4,019,746.01 and hereby amend the <br />original Security Agreement to document the change of loan amount. <br />2. 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 May 9, 2011 <br />Replacement Promissory Note: $4,019,746.01, dated May 9, 2011, interest at <br />the rate of 2.25% per annum with annual <br />payments for a period of 30 years or until paid <br />in full <br />Date of Amended Security Agreement: May 9, 2011 <br />SEAL <br />A.TT ST: <br />� <br />By �, <br />Denice M. Wagner, Secret ry <br />DEBTOR: Bijou Irrigation District <br />By ��c�b � n.cr'z---� <br />Mike Groves, President <br />Appendix B to Loan Contract C150259 Amendment No. 2 <br />Page 1 of 1 <br />