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RESOLUTIONS OF THE SHAREHOLDERS <br /> OF FULTON IRRIGATING DITCH COMPANY <br /> The Shareholders of the Fulton Irrigating Company (Company), at a Shareholders' meeting held <br /> January 27, 2014, at 1:30 p.m., at United Power in the Civic Room located at 500 Cooperative Way, <br /> Brighton, Colorado, adopted the following resolutions concerning a secured loan from the State of Colorado <br /> Water Conservation Board (CWCB), for the purpose of the Diversion Structure Rehabilitation Project in such <br /> actual amount as may be needed by the Company and available from the CWCB. <br /> At said meeting, the Shareholders authorized the Board of Directors and officers, and RESOLVED <br /> as follows: <br /> 1. to enter into and comply with the terms of a contract with the Colorado Water Conservation Board for a <br /> loan in the amount of at least $1.85 million, or such actual amount, more or less, as needed to finance <br /> the project costs under those terms and conditions set forth by the CWCB, and <br /> 2. to levy and collect assessments from the shareholders in an amount sufficient to pay the annual amounts <br /> due under the LOAN, and <br /> 3. to make the annual payments required by the loan, and <br /> 4. to pledge assessment revenues, and <br /> 5. to execute all documents as required by the LOAN CONTRACT, and <br /> 6. to take such other actions and to execute such other documents as may be necessary to consummate <br /> and implement the loan. <br /> CERTIFICATION <br /> THE UNDERSIGNED, RESPECTIVELY, THE PRESIDENT AND SECRETARY OF THE COMPANY, HEREBY CERTIFY THAT <br /> THE FOREGOING ARE TRUE AND CORRECT COPIES OF RESOLUTIONS DULY ADOPTED AT A MEETING OF THE <br /> COMPANY'S SHAREHOLDERS DULY CALLED AND HELD AS ABOVE RECITED, PURSUANT TO THE COMPANY'S <br /> BYLAWS,AND THAT SAID RESOLUTIONS HAVE NOT BEEN AMENDED OR RESCINDED. <br /> GIVEN UNDER OUR HANDS AND THE SEAL OF THE COMPANY THE-3 tDAY OF 4,7 2014. <br /> (SEAL) <br /> By / - <br /> Signature <br /> ATTEST: _ I <br /> NAME: -20 1 e,--1.- �a 1[a 4-4 <br /> By TITLE: Tres,de..t <br /> Signature of Corporate Secretary DATE: 2 - 8- .2014 <br /> DATE: /97 --,ZG/`/ <br /> Appendix 3a to Loan Contract C150399 <br /> Page 1 of 1 <br />