C150327 Attorney Opinion Letter Adendum1

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Q } State of Colorado lJ r I The Department of Natural Resources fir •- Covanagh & Colorado Water Conservation Board Holm�-Y� FF March 12,2014 11 v I ! I I , L Page 3 T T = 1,1 _. ' S T I. r. '�'r powers delegate under the federal and state constitutions, and subject to the exceptions set forth in this lett r. Our opinions set f rth above are subject to the following additio al exceptions, limitations, assumptions, explan tions, and qualifications: A. Execution, Delivery and Authenticity. We have assumed ex cution and delivery of the Loan Amendment Documents. Furthermore, we have assumed he conformity to original documents of all documents submitted to us, as copies. Based upon our investigation, we have no information or reason to believe that any document was not properly authorized, executed, delivered, and authentic. B. Title and Prior' ies. We have not made or undertaken to make y investigation of the state of title to the p -mises or property, or to the personal property hich is the subject of the original loan an. we express no opinion with respect to title, to t e property, to the personal property, or to he priority of the lien created by any of the original or amended loan documents. C. Limited Inde 1 e I dent Investi'ation. Our engagement by the A sociation has been limited to review of the documents referenced above to enable us to pr vide this letter. We have also asked and sought a letter with representations to our firm fro the Association. Except as otherwise sta d, we have undertaken no independent investig tion or verification of any other documents or matters that may be related to the original loan D. No Im I lied O I nions. Our opinions are limited to the matters expressly set forth in this letter, and no opii sons are to be implied or inferred beyond the ma ers expressly stated. E. Zoning. The opinions contained in this letter do not include any opinion as to the zoning of or at any of the properties owned, leased, or maintained by the Association. F. Environmental Matters. The opinions contained in this letter do not include any opinion or opinions as to environmental matters, including,but not limited to:. (a) The Resourc: Conservation and Recovery Act; (b) The Compre ensive Environmental Response, Compensation and Liability Act; (c) The National Environmental Policy Act of 1959; (d) The Flood Disaster Protection Act of 1973; (e) The Clean Ai Act; (0 The Federal I lean Water Act; (g) The Federal ater Pollution Control Act; (h) The Solid W.ste Disposal Act; and (i) Any state or 14 cal laws, regulations, rules or ordinance governi g environmental,water and/or sewer.