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APPENDIX B, AMENDMENT NO. 1, LOAN CONTRACT CT2015-036(C150120) <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: MANCOS WATER CONSERVANCY DISTRICT ACTING BY <br /> AND THROUGH ITS WATER ACTIVITY ENTERPRISE <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: SEPTEMBER 9, 2003 <br /> ORIGINAL PROMISSORY NOTE: $5,486,531.00 DATED SEPTEMBER 9, 2003 INTEREST <br /> RATE OF 2.80%PER ANNUM WITH AN ANNUAL PAYMENT <br /> OF $272,730.83 FOR A PERIOD OF 30 YEARS OR UNTIL <br /> PAID IN FULL. <br /> ORIGINAL LOAN CONTRACT: CT2015-036(0150120) <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to decrease <br /> the loan amount from $5,486,531.00 to $1,451,556.12 and hereby amend the original Security <br /> Agreement to document the change of loan amount. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the Security Agreement <br /> and all terms, conditions, and provisions thereof, unless specifically modified below, are to <br /> apply to this Amendment as though they were expressly rewritten, incorporated, and included <br /> herein. <br /> Amended Loan Contract: Amendment No. 1 to Loan Contract No. <br /> CT2015-036(C 150120) <br /> Replacement Promissory Note: Principal Amount is $1,451,556.12, with an annual <br /> loan payment of$95,772.19 for 20 years or until the <br /> loan is paid in full at an interest rate of 2.80%. <br /> DEBTOR: MANCOS WATER CONSERVANCY DISTRICT, <br /> ACTING BY AND THROUGH ITS WATER ACTIVITY <br /> ENTERPRISE <br /> SEAL / ' <br /> By <br /> Signature/Title <br /> ATTEST: <br /> &-LA--u,...-0--� Date 3/1t>//5 <br /> By <br /> Signa re/Title <br /> Date 3/1)/ni s' <br /> Appendix B <br /> Page 1 of 1 <br />