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DNR COLORADO <br /> CO Colorado Water <br /> ,.� Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, CO 80203 <br /> ACKNOWLEDGEMENT <br /> I, Kirk Russell, P.E., Section Chief, Finance Section, Colorado Water Conservation Board, do <br /> hereby acknowledge that Two Rivers Water& Farming Company(Borrower) intends to pledge the <br /> Orlando Reservoir No. 2 as security for additional debt. The Orlando Reservoir No. 2 is collateral <br /> encumbered by the CWCB Loan Contract Number C150328. The Deeds of Trust,for the collateral, <br /> were filed with Huerfano County, on April 13, 2012, Numbers 393727 and 393728. The Borrower has <br /> represented to the CWCB that the CWCB's interest in the collateral will remain a first lien position. <br /> By: <br /> Signature <br /> Name: Kirk Russell, P.E., Section Chief <br /> Finance&Administration Section <br /> Colorado Water Conservation Board <br /> Date: y/7/, <br /> �co 4 <br /> P 303.866.3441 F 303.866.4474 www.cwcb.state.co.us (fe �"�' <br /> o <br /> John W. Hickenlooper, Governor I Mike King, DNR Director I James Eklund,CWCB Director *' * <br /> `-*1876*j <br />