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RESOLUTIONS OF THE SHAREHOLDERS OF CONSOLIDATED D HOEUIE SUPPLY DITCH AND RESERVOIR COMPANY The Shareholders of the Consolidated Home Supply Ditch and Reservoir Company (Company), at a Shareholders' meeting held December 9, 2013, located at Berthoud , Colorado, adopted the following resolutions concerning a secured loan from the State of Colorado Water Conservation Board (CWCB), for the purpose of emergency repairs to the George Rist Ditch Repair in the amount of $448.440 or such actual amount, more or less, as may be needed by the Company and available from the CWCB including the CWCE3 loan origination fee of 1%,of the loan amount At said meeting, the Shareholders charged that these resolutions are irrepealable during the ten n of the loan and, pursuant to tike Company's bylaws, authorized the Board of Directors and officers, RLSOLVFD as follows: 1. to enter into and comply with the terms of a contract with the Colorado Water Conservation Board for a loan in the amount of$448,440,or such actual amount, more or less, as needed to finance the project costs, including the CWCB loan origination fee of 1%, and 2 to levy and collect assessments from the shareholders in an amount sufficient to pay the annual amounts due under the LOAN COM RACE, and to pledge assessment revenues and the Company's right to receive said revenues for repayment of the loan, and 3 to place said pledged revenues in a special account separate and apart from other COMPANY revenues, and 4 to make the annual payments required by the PROMISSORY Nor[- and to slake amoral deposits to a debt service reserve fund, and 5 to pledge, as Cot r Ar ERN., for the loan the Company's, assessment revenues backed by a rate covenant and an undivided one hundred percent (100%) interest in the George Rist Ditch and (3 to execute all documents as required by 111E. LOAN CON I RAM, including, but not limited to, a Pr:oMlssoEtY Nor r , St:cURH Y AGRI E-MrN 1, and Dr FD of 1 us r necessary to convey a security interest in said property to the CWCB, and -/ to take such other actions and to execute such other documents as may be necessary to consummate and implement the loan CER I IrICA1 EON 1 i 11NDE RSIGNE U, RESPE ClIVEI Y, llif. PRESIDE Nr AND SE IARY 01 1 H• COMPANY, IlLRE-BY CERIIf Y 1HAI 1 HL FOREGOING F-oOING ARf 1 RUt AND CORREC I COPIES OF RESOI UT IONS Duly ADOP I E.[) Al A TALL TING OF 111f COMPANY'S SHAREHOIDERS DULY CALLED AND HELD AS ABOVE RECITED, PURSUANT 10 11IE COMPANY'S BYLAWS,AND 111A1 SAID RE-SOIL/1 IONS HAVE NOl BEEN AMENDED OR RESCINDED. GIVEN UNDER OUR HANDS AND 1 I it SEAL OF 111E COMPANY 1 HI 9tH DAY OE Dr:CE MBL.E2 2013 (SEAI) t� By 1 7 e ri v -sue 3 1k - Signature All E-S 1 NAME: MINERVA G. LEE By_ /� -.- .__. --- Tit t_E PRESIDEN1 Gary M. Gerrard, Secretary DATE: DECEMBER 9,2013 DATE DECEMBER 9, 2013 Appendix 3a to Loan Contract C150380 Page 1 of 1