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APPENDIX B,AMENDMENT NO.1 TO LOAN CONTRACT CT2016-1597 <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: OLIGARCHY IRRIGATION COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: SEPTEMBER 4,2015 <br /> ORIGINAL PROMISSORY NOTE: $781,740.00 DATED SEPTEMBER 4,2015,AT THE INTEREST <br /> RATE OF 2.40%FOR 30 YEARS OR UNTIL PAID IN FULL. <br /> Loan Contract Number: cr2oI6-1597,dated September 22,2015. <br /> 1. The Parties have amended the ORIGINAL LOAN CONTRACT and Promissory Note to increase the <br /> loan amount by$120,190.00, from $781,74o.00.00 to$901,930.00,and hereby amend the original <br /> Security Agreement to document the change of loan amount. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the Security Agreement and <br /> all terms,conditions, and provisions thereof, unless specifically modified below, are to apply to <br /> this Amendment as though they were expressly rewritten,incorporated,and included herein. <br /> 3. Collateral for the LOAN remains the same. <br /> AMENDED LOAN CONTRACT: AMENDMENT No.l TO LOAN CONTRACT NO. <br /> Crzo16-1597 <br /> Replacement Promissory Note; Total Loan Amount is$901,930.00,with an annual <br /> loan payment of$42,519.58, at an interest rate of <br /> 2.40%,for 3o years or until the loan is paid in full. <br /> DEBTOR:OLIGARCHY IRRIGATION COMPANY <br /> (SEAL) <br /> By 1 ot) <br /> Signak-ure/Title <br /> • <br /> Date 7— ZQ 11 <br /> By Y! C/17.-P ^�U62 <br /> Signature/Title <br /> Date t- l '-t(40 <br /> Appendix B <br /> Page of <br />