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AMENDMENT No.1 TO LOAN CONTRACT C150277 <br /> AMENDMENT TO THE SECURITY AGREEMENT <br /> DEBTOR: New Salida Ditch Company <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: FEBRUARY 1,2009 <br /> ORIGINAL PROMISSORY NOTE: $365,620.00 DATED FEBRUARY 1,2009, INTEREST AT <br /> THE RATE OF 2.5% PER ANNUM WITH ANNUAL PAYMENT <br /> FOR A PERIOD OF 30 YEARS OR UNTIL PAID IN FULL. <br /> ORIGINAL LOAN CONTRACT: C150277, DATED FEBRUARY 1,2009 <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to decrease <br /> the loan amount from $365,620.00 to $298,434.14 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.C150277 <br /> Replacement Promissory Note: $298,434.14 dated August 21, 2013, interest at the <br /> rate of 2.5% per annum with annual payments for a <br /> period of 30 years or until paid in full <br /> Date of Amended Security Agreement: August 21, 2013 <br /> DEBTOR: New Salida Ditch Company, <br /> A Colorado corporation <br /> (S E A L) <br /> S /Title <br /> ATTES ' / <br /> , /�By <br /> _. �� ,,w► <br /> �Signatu e/Title <br /> Appendix B to Amendment No. 1 <br /> Loan Contract C150277 <br /> Page 1 of 1 <br />