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• <br /> • • <br /> AMENDMENT NO. 1 TO SECURITY AGREEMENT <br /> DEBTOR: FARMERS' HIGH LINE CANAL AND RESERVOIR COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: JANUARY 6, 2011 <br /> ORIGINAL PROMISSORY NOTE: $1,410,768, DATED 1/6/11, INTEREST AT THE RATE OF <br /> 4.65% PER ANNUM WITH ANNUAL PAYMENT FOR A PERIOD <br /> OF 30 YEARS OR UNTIL PAID IN FULL. <br /> ORIGINAL LOAN CONTRACT: C150314 <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to increase <br /> the loan amount from $1,410,768 to $2,209,597 and hereby amend the original Security <br /> Agreement to document the increase in loan amount. The collateral for the Security <br /> Agreement will remain the same as described in Appendix 4 of the Original Loan Contract <br /> #C150314. This collateral will now be used to secure payment of the increased loan <br /> amount described herein. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the Security <br /> Agreement and all terms, conditions, and provisions thereof, unless specifically modified <br /> below, are to apply to this Amendment as though they were expressly rewritten, <br /> incorporated, and included herein. <br /> Amended Loan Contract: C150314 <br /> Replacement Promissory Note: $2,209,597, dated 12/17/12, interest at the rate of <br /> 4.65% per annum with annual payments for a period <br /> of 30 years or until paid in full <br /> Date of Amended Security Agreement: 12/17/12 <br /> DEBTOR: Farmers' High Line Canal and Reservoir <br /> SEAL Company <br /> ATTEST: V <br /> By `�% <br /> By S� Signature <br /> 1 <br /> Signature <br /> Name: li -1 Acps-mor <br /> Name: ( n4 cf ZONlexJ <br /> Title: 0A9-7 c?Y -ckEedary Title: 4010trAir <br /> Date: 42-(21-0-0.20/02 Date: 2 20-20 12 <br /> Attachment C to Loan Contract C150314 Amendment No. 1 <br /> Page 1 of 1 <br />