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APPENDIX B, AMENDMENT No. 1 TO LOAN CONTRACT CT2O15-024 <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: NORTH POUDRE IRRIGATION COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: OCTOBER 21,2013 <br /> ORIGINAL PROMISSORY NOTE: $481,770.00 DATED OCTOBER 21, 2013, WITH NO <br /> PAYMENTS AND ZERO INTEREST FOR THE FIRST THREE <br /> (3) YEARS FOLLOWED BY 27 YEARS OF AMORTIZED <br /> PAYMENTS AT THE INTEREST RATE OF 2.35% OR UNTIL <br /> PAID IN FULL. <br /> LOAN CONTRACT NUMBER: CT2015-024, DATED OCTOBER 30, 2013. <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to increase <br /> the loan amount from $481,770.00 to $876,680.00 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.1 TO LOAN CONTRACT NO. <br /> CT2015-024 <br /> REPLACEMENT PROMISSORY NOTE: TOTAL LOAN AMOUNT IS $876,680.00, WITH NO <br /> PAYMENTS AND ZERO INTEREST FOR THE FIRST FIVE(I <br /> YEARS FOLLOWED BY 27 YEARS OF AMORTIZED <br /> PAYMENTS AT THE INTEREST RATE OF 2.35% OR UNTIL <br /> PAID IN FULL. <br /> DEBTOR <br /> (S E A L) 1/4 <br /> `_ _ ,, <br /> By c�/ VvL �,/]'�," <br /> Signature/Title <br /> ATTEST: <br /> Date /� /j <br /> Signature/Title 1 TE EaR.tTRRLf <br /> Date / 9//S <br /> Appendix B to Amendment 1 <br /> Page 1 of 1 <br />