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AMENDMENT No. 1 TO LOAN CONTRACT C150357 <br /> AMENDMENT TO THE SECURITY AGREEMENT <br /> DEBTOR: Boulder and Left Hand Irrigation Company, a <br /> Colorado nonprofit corporation <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: DECEMBER 30, 2013 <br /> ORIGINAL PROMISSORY NOTE: $159,075 DATED DECEMBER 30, 2013, INTEREST RATE <br /> OF 2.35% PER ANNUM WITH AN ANNUAL PAYMENT OF <br /> $7,449.04 FOR A PERIOD OF 30 YEARS OR UNTIL PAID <br /> IN FULL. <br /> ORIGINAL LOAN CONTRACT: C150357, dated January 10, 2014, as amended <br /> March 19, 2014 <br /> 1. Pursuant to the Board's approval of a loan increase of $42, 925 on March 19, 2014, the total <br /> loan amount was increased from, a not to exceed amount of, $159,075 to $202,000. The loan <br /> terms shall remain at 30 years at an interest rate of 2.35% per annum. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the Security Agreement <br /> dated December 30, 2013, of the ORIGINAL CONTRACT and all terms, conditions, and <br /> provisions thereof, unless specifically modified below, are to apply to this Amendment as <br /> though they were expressly rewritten, incorporated, and included herein. <br /> Amended Loan Contract: Amendment No. 1 to Loan Contract No. C150357 <br /> Replacement Promissory Note: $202,000, as of March 19, 2014 the annual payment <br /> will be $9,459.10, at an interest rate of 2.35%, for <br /> thirty (30) years or the until the loan is paid in full <br /> Date of Amended Security Agreement: March 19, 2014 <br /> DEBTOR: Boulder and Left Hand Irrigation <br /> Company, a Colorado nonprofit corporation <br /> SEAL <br /> Bli ":611(M/C-1- <br /> Signature/Title <br /> ATTEST: <br /> Date -5)31 1,`-( <br /> By <br /> Signature/Title 5'6c12C j„oy 7- E-�5 v 6z <br /> Date s13 t <br /> Appendix B to Amendment No.1 <br /> Loan Contract C153357 <br /> Page 1 of 1 <br />