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APPENDIX A,AMENDMENT No tro LOAN CONTRACT CI 50375 <br /> AMENDMENT TO THE PROMISSORY NOTE <br /> Date: September , 2014 <br /> Borrower: Consolidated Home Supply Ditch and Reservoir Company, a <br /> Colorado nonprofit corporation <br /> Principal Amount: $1,858,400 <br /> Interest Rate: zero interest for first three years, followed by 1.95% for remaining <br /> 27 years <br /> Term of Repayment: 30 years-no payments for first three years followed by 27 years of <br /> amortized payments <br /> Loan Contract No.: C150375 <br /> Loan Payment: $89,185.54 <br /> Payment Initiation Date: <br /> Maturity Date: <br /> * Payment Initiation Date and Maturity Date fields are filled in after the project has been <br /> substantially completed. <br /> 1. FOR VALUE RECEIVED, the BORROWER promises to pay the Colorado Water Conservation <br /> Board ("CVVCB"), the Principal Amount plus Interest for the Term of Repayment, pursuant to <br /> the LOAN CONTRACT and this promissory note. <br /> 2. This Promissory Note replaces and supersedes the Promissory Note dated November 6, <br /> 2013, in the principal amount of$1,616,000. <br /> 3. Principal and interest shall be payable in equal Loan Payments, with the first payment due and <br /> payable on the first of the month four (4) years from the Payment Initiation Date and annually <br /> thereafter. All principal, interest, and late charges, if any, then remaining unpaid shall be due <br /> and payable on or before the Maturity Date. <br /> 4. Payments shall be made to the Colorado Water Conservation Board at 1313 Sherman Street, <br /> Room 718, Denver, Colorado 80203. <br /> 5. The CVVCB may impose a late charge in the amount of 5% of the annual payment if the <br /> CVVCB does not receive the annual payment within 15 calendar days of the due date. <br /> 6. This Note may be prepaid in whole or in part at any time without premium or penalty. Any <br /> partial prepayment shall not postpone the due date of any subsequent payments or change <br /> the amount of such payments. <br /> 7. All payments received shall be applied first to late charges, if any, next to accrued interest and <br /> then to reduce the principal amount. <br /> Appendix A to Amendment No. 1 <br /> Loan Contract C160375 <br /> Page 1 of 2 <br />