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AMENDMENT TO THE SECURITY AGREEMENT <br />AMENDMENT NO. 2 TO LOAN CONTRACT C150324 <br />DEBTOR: Tri- County Water Conservancy District, acting by <br />and through its Water Activity Enterprise <br />SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br />DATE OF ORIGINAL SECURITY AGREEMENT: APRIL 11, 2011 AND AMENDED OCTOBER 17, 2012 <br />ORIGINAL PROMISSORY NOTE: $9,090,000 DATED APRIL 11, 2012 INTEREST AT THE <br />RATE OF 2.00% PER ANNUM WITH ANNUAL PAYMENT <br />FOR A PERIOD OF 30 YEARS OR UNTIL PAID IN FULL. <br />ORIGINAL LOAN CONTRACT: C150324, DATED MAY 11, 2012 <br />1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to increase <br />the loan amount from $9,090,000 to $13,130,000, and hereby amend the original Security <br />Agreement to document the change of loan amount. <br />2. The Parties expressly agree that this Amendment is supplemental to the Security Agreement <br />and all terms, conditions, and provisions thereof, unless specifically modified below, are to <br />apply to this Amendment as though they were expressly rewritten, incorporated, and included <br />herein. <br />Amended Loan Contract: Amendment No.2 to Loan Contract No.C150324 <br />Replacement Promissory Note: $13,130,000 dated June 19, 2013, interest at the <br />rate of 2.00% per annum with annual payments for a <br />period of 30 years or until paid in full <br />Date of Amended Security Agreement: June 19, 2013 <br />DEBTOR: Tri- County Water Conservancy District <br />acting by and through its Water Activity Enterprise <br />SEAL <br />By <br />Signature/Title <br />A EST: <br />B g V "-- P 1 CS1 Dtt4T <br />S gnature/Titie <br />Appendix 2B to Amendment No. 2 <br />Loan Contract C150324 <br />Page 1 of 1 <br />