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6) MODIFICATIONS. <br /> The ORIGINAL CONTRACT No. CT2o15-165 (C15o24o) and all prior amendments thereto, if any, are <br /> modified as follows: <br /> a) Amend the Loan Contract Annual Repayment Amount from$94,081.68 to$89,415.96. <br /> b) Amend the collateral pledged for this Loan Contract by removing the shares of Bull Creek <br /> Reservoir, Canal & Power Company Stock as collateral. CWCB shall return all shares of Bull <br /> Creek Reservoir, Canal & Power Company Stock and will release the stock certificates, held <br /> by CWCB, to the Bull Creek Reservoir, Canal & Power Company. CWCB will release all <br /> recorded Deeds of Trust, for the shares of Bull Creek Reservoir, Canal & Power Company <br /> Stock, held as security for this loan recorded with Mesa County, Colorado. The stock <br /> certificates held by CWCB, that will be released, are listed in EXHIBIT 1. <br /> c) The BORROWER agrees that it shall execute the following documents, all of which shall set <br /> forth the loan revisions: <br /> i. "AMENDMENT TO THE PROMISSORY NOTE",EXHIBIT 2,TO LOAN CONTRACT AMENDMENT <br /> No.3,LOAN CONTRACT No.CT2o16-165(150240),incorporated herein,which shall <br /> replace and supersede all ORIGINAL PROMISSORY NOTES and AMENDED PROMISSORY <br /> NOTES attached as appendices to the ORIGINAL CONTRACT,CONTRACT AMENDMENT NO.1 <br /> AND CONTRACT AMENDMENT No.2 and changes the annual loan repayment amount from <br /> $94,081.68 to$89,415.96 for the remainder of the loan repayment schedule. <br /> ii. "AMENDMENT TO SECURITY AGREEMENT",EXHIBIT 3,To LOAN CONTRACT AMENDMENT <br /> No.3,LOAN CONTRACT No.CT2o15-165(C150240),incorporated herein,which shall <br /> replace and supersede all ORIGINAL SECURITY AGREEMENTS and AMENDED SECURITY <br /> AGREEMENTS attached as appendices to the ORIGINAL CONTRACT, CONTRACT AMENDMENT <br /> NO.1 AND CONTRACT AMENDMENT No.2 and pledges as collateral the assessment <br /> revenues backed by an assessment covenant, agreed to in the ORIGINAL CONTRACT. <br /> iii. "AMENDMENT TO DEED OF TRUST",EXHIBIT 4,TO LOAN CONTRACT AMENDMENT No.31 <br /> LOAN CONTRACT No.C12o15-165(C150240),incorporated herein,which shall <br /> supplement and operate in conjunction with the DEED OF TRUST dated September 21, <br /> 2009, recorded with Mesa County on November 9, 2009,and attached to CONTRACT <br /> AMENDMENT NO.1 as APPENDIX D and the AMENDED DEED OF TRUST dated December 1, <br /> 2010, recorded with Mesa County on January 5,2011,and attached to CONTRACT <br /> AMENDMENT NO.2 as APPENDIX D-1 and pledges as collateral the Company's Storage <br /> Water Rights.A table of the pledged Company's Storage Water Rights is attached to the <br /> Amended Deed of Trust, Exhibit 4, as Exhibit 4a. <br /> 7) EFFECTIVE DATE OF AMENDMENT <br /> The effective date hereof is upon approval of the State Controller or their delegate. <br /> 8) ORDER OF PRECEDENCE <br /> Except for the Special Provisions, in the event of any conflict, inconsistency,variance, or contradiction <br /> between the provisions of this AMENDMENT and any of the provisions of the ORIGINAL CONTRACT, the <br /> provisions of this AMENDMENT shall in all respects supersede, govern, and control.The most recent <br /> version of the Special Provisions incorporated into the ORIGINAL CONTRACT or any amendment shall <br /> always control other provisions in the ORIGINAL CONTRACT or any amendments. <br /> 9) AVAILABLE FUNDS <br /> Financial obligations of the state payable after the current fiscal year are contingent upon funds for that <br /> purpose being appropriated, budgeted, or otherwise made available. <br /> Loan Contract Amendment No.3,Loan Contract cT2o15-165 <br /> Page 2 of 3 <br />