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APPENDIX B-1,AMENDMENT No. 2 TO LOAN CONTRACT CT2015-027(C150341) <br /> AMENDMENT TO THE SECURITY AGREEMENT <br /> DEBTOR: PISGAH RESERVOIR AND DITCH COMPANY, <br /> A COLORADO NONPROFIT CORPORATION <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: NOVEMBER 7,2012 <br /> PROMISSORY NOTES: ORIGINAL DATED NOVEMBER 7,2012,FOR <br /> $162,958.00 AND AMENDMENT NO. 1 DATED <br /> FEBRUARY 13,2015, FOR$549,091.00 <br /> ORIGINAL LOAN CONTRACT: CT2015-027(C150341) <br /> 1. Pursuant to the Board's approval of a loan increase of$623,170.00 on July 15, 2015, the total <br /> loan amount was increased from a not to exceed amount of $549,091.00 to $1,172,261.00. <br /> The loan terms shall remain at 30 years at an interest rate of 1.75% per annum. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the original 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, incorporated, <br /> and included herein. <br /> Amended Loan Contract: Amendment No.2 to Loan Contract No. CT2015-027 <br /> (C150341) <br /> Replacement Promissory Note: Total amount of $1,172,261.00, as of CWCB <br /> approval on July 15, 2015, with an annual payment <br /> amount of$50,559.33, at an interest rate of 1.75% <br /> for thirty(30) years or until the loan is paid in full. <br /> DEBTOR: Pisgah Reservoir and Ditch Company, <br /> a Cob do -onpr frt corporation <br /> ATTEST: By Signa Via,e <br /> By u _ JY <br /> Signature <br /> Name John Schweizer, Jr. <br /> Name Wayne W. Whittaker <br /> Title President <br /> Title Secretary <br /> Date July 23, 2015 Date July 23, 2015 <br /> Appendix B-1 to Amendment No.2 <br /> Page 1 of 1 <br />