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IF - - - -,Two Rivers FIRST REQUEST 10/14/2014 <br /> > & FARMING BORROWER REVISED <br /> 3/18/2015 <br /> October 14. 2014= <br /> Ms. Anna Mauss. PP <br /> Colorado Water Conservation Board <br /> 1313 Sherman, Suite 718 <br /> Denver, CO 80203 <br /> Re: Partial Release of Collateral <br /> CWCB Loan Contract Number C150328 <br /> Dear Ms.Mauss: <br /> We are currently working on an agricultural project in Pueblo County that requires the <br /> release of a lien held by the CWCB as security(see attached Exhibit A). <br /> As consideration for the release, Two Rivers will pay$210,000 to the CWCB, which is <br /> 150%of the appraised value,(see attached appraisal). We would like to have this release <br /> approved at your November meeting. If the attached appraisal is not adequate, we would ask for <br /> approval pending production of a new appraisal,which we should be able to produce by the end <br /> of November. <br /> If you have any questions,please feel free to call this office 303-222-1032. <br /> Sincerely, <br /> /Wayne Hard CFO <br /> Two Rivers Water& Farming Company <br /> 1 <br /> Two Rivers Water&Farming Company—2000 South Colorado Blvd.Ste 1-3100—Denver,CO 80222 <br /> +I (303)222-1000—www.2riverswater.com <br /> ir <br />