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67921! r090 i. of 2 Krsstol Brown, Clark h Recordor Tra7.1=2r Countar Colorado RP $0.00 05-05-2015 0D36 PM Recording Fee $16.00 APPENDIX C, AMENDMENT No.1 TO LOAN CONTRACT C150341 AMENDMENT TO THE DEED OF TRUST Date: February 13, 2015 Grantor (Borrower): Pisgah Reservoir and Ditch Company, a Colorado nonprofit corporation Beneficiary (Lender): Colorado Water Conservation Board Date of Deed of Trust: October 30, 2012 Recording Date of Deed of Trust: January 25, 2014 County of Recording ("County"): Teller Deed of Trust Recording Information: 659891, 2 pages Loan Contract: C150341 Promissory Note: $549,091 at 1.75% per annum for 30 years This Amendment to the ORIGINAL DEED OF TRUST is between the Grantor and the Public Trustee of the County, State of Colorado. The ORIGINAL DEED OF TRUST was recorded to secure repayment of the indebtedness evidenced by the LOAN CONTRACT and PROMISSORY NOTE between the Grantor and the Beneficiary. Grantor and Beneficiary have agreed to amend the ORIGINAL DEED OF TRUST to reflect the revised loan contract total amount. NOW THEREFORE, the CWCB and Grantor agree that: 1. This DEED OF TRUST, APPENDIX C to AMENDMENT 1 to CONTRACT No. C150341 shall supplement and operate in conjunction with the DEED OF TRUST dated October 30, 2012, attached to the ORIGINAL CONTRACT as APPENDIX 5 and incorporated herein by reference. 2. The Grantor has executed a PROMISSORY NOTE, in the amount of$549,091 to secure the repayment of the indebtedness, evidenced by LOAN CONTRACT NO. C150341 and AMENDMENT No.1 TO LOAN CONTRACT No. C150341, to be repaid to the State of Colorado for the use and benefit of the Department of Natural Resources, Colorado Water Conservation Board ("CWCB") the beneficiary herein, whose address is 1313 Sherman Street, Room 718, Denver, CO 80203, payable in annual installments, in accordance with said PROMISSORY NOTE, or until the loan is paid in full. 3. In the event of any conflict, inconsistency, variance, or contradiction between the provisions of this amendment and any of the provisions of the original deed of trust, the provisions of this amendment shall in all respects supersede, govern, and control. 4. Any provisions of the original deed of trust not expressly modified herein remain in full force and effect. Appendix C to Amendment No.1 Loan Contract C150341 Page 1 of 2