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CONTRACT AMENDMENT Amendment No. 1 Original Loan Contract No. Amendment CMS No. 67331 C150349 CMS No. 55869 1) PARTIES This Amendment No. 1 (AMENDMENT) to the above-referenced ORIGINAL CONTRACT (hereinafter called the ORIGINAL CONTRACT) is entered into by and between the Ordway Feedyard, LLC., 19424 Colorado Hwy 96, Ordway, Colorado 81063, a Colorado nonprofit corporation (BORROWER), and the STATE OF COLORADO (hereinafter called the "STATE") acting by and through the Department of Natural Resources, Colorado Water Conservation Board, (hereinafter called "CWCB"). 2) EFFECTIVE DATE AND ENFORCEABILITY This AMENDMENT shall not be effective or enforceable until it is approved and signed by the Colorado State Controller or designee (hereinafter called the "EFFECTIVE DATE"), but shall be effective and enforceable thereafter in accordance with its provisions. 3) FACTUAL RECITALS The Ordway Feedyard, LLC was approved for a loan, from the CWCB, totaling $2,525,000 on March 19, 2013, to finance the Ordway Feedyard Raw Water Line Extension Project. The PROJECT was substantially completed as of April 1, 2014. The Parties agree to amend the contract to reduce the final loan amount. The total amount disbursed under this contract was $2,116,564.05. An adjustment of $408,435.95 will be made to the contract for the funds no longer needed. 4) CONSIDERATION Consideration for this AMENDMENT to the ORIGINAL CONTRACT consists of the payments that shall be made pursuant to this AMENDMENT and ORIGINAL CONTRACT and the promises and agreements herein set forth. The Parties acknowledge that the mutual promises and covenants contained herein and other good and valuable consideration are sufficient and adequate to support this AMENDMENT. 5) LIMITS OF EFFECT This AMENDMENT is incorporated by reference into the ORIGINAL CONTRACT, and the ORIGINAL CONTRACT and all prior amendments thereto, if any, remain in full force and effect except as specifically modified herein. 6) MODIFICATIONS. The ORIGINAL CONTRACT No. C150349 and all prior amendments thereto, if any, are modified as follows: a) Amend the contract to reduce the final loan amount. The loan contract was substantially completed as of April 1, 2014. The total amount disbursed under this contract was $2,116,564.05. A decrease of$408,435.95 will be made to the contract amount for the funds no longer needed. b) The BORROWER agrees that it shall execute the following documents, all of which shall set forth the revised loan amount of$2,116,564.05: I. AMENDED PROMISSORY NOTE attached hereto as APPENDIX A, AMENDMENT NO. 1 TO LOAN CONTRACT No. C150349 in the amount of $2,116,564.05 and incorporated herein, which shall replace and supersede the original PROMISSORY NOTE dated April 23, 2013 in the amount of$2,525,000 attached to the ORIGINAL CONTRACT as Appendix 2. Amendment No. 1 to Loan Contract C150349 Page 1 of 3