CTGG12016-712 Contract Amend 1 - Laserfiche WebLink

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Section 8.14. Remedies. The Amended Loan Contracts shall contain an acknowledgment by the parties thereto that the Amended Loan Contracts may be enforced in law or in equity by a decree of specific performance, damages, or other such legal and equitable relief as may be available under the laws and statutes of the State of Colorado. Section 8.15. Specific Performance. In addition to any of the remedies the Parties may have under the Amended Loan Contracts,upon a sale of the Running lion Ranch and a failure by PAWSD and SJWCD to pay all amounts then due under the terms of this Agreement, the Amended Loan Contracts shall provide that CWCB shall have a right to request a court of proper jurisdiction to enter a mandatory injunction against the PAWSD and SJWCD requiring specific performance of the terms contained in the Amended Loan Contracts, including payment of all amounts due under the terms thereof. 6. Counterparts and Entire Agreement. This Amendment may be executed in counterparts. All counterparts of this Amendment together with the Restructure Agreement shall constitute the entire understanding and agreement of the Parties. 7. No Other Changes. Except as expressly set forth herein, there are no further changes to the Restructure Agreement and the Restructure Agreement remains in full force and effect. The Parties do recognize and agree that this Amendment to the Restructure Agreement is necessary. IN WITNESS WHFREOF the Parties hereto have caused this Amendment to be executed and effective as of the date first above written. Colorado Water Conservation Board Pagosa Area Water and Sanitation District,acting by and through its Water Activity Enterprise By: James Eklund By: Michael W.Church Title: Director Title: President an -Water Con erva cy District By: 'odney Proffitt Title: President 2