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APPENDIX A,AMENDMENT NO.i TO LOAN CONTRACT CT2017-913 <br /> AMENDMENT TO PROMISSORY NOTE <br /> Date: December 22,2016 <br /> Borrower: Union Well Augmentation Group,Ltd. <br /> Total Loan Amount: $227,250.00 <br /> Interest Rate: 1.45%per annum <br /> Term of Repayment: 19 years <br /> Loan Contract No.: CT2o17-913 <br /> Loan Payment: $14,382.94 <br /> Payment Initiation Date*: November 1, 2016 <br /> Maturity Date*: November 1, 2035 <br /> *Payment Initiation Date and Maturity Date fields are filled in after the project has been substantially completed. <br /> FOR VALUE RECEIVED, the BORROWER promises to pay the Colorado Water Conservation Board <br /> ("CWCB"), the Principal Amount plus Interest for the Term of Repayment, pursuant to the LOAN <br /> CONTRACT and this promissory note. <br /> 1. This Amendment to Promissory Note replaces and supersedes the Promissory Note dated June <br /> 24, 2016, in the amount of$248,157.00. <br /> 2. Principal and interest shall be payable in equal Loan Payments, with the first payment due and <br /> payable one year from Payment Initiation Date, and annually thereafter. All principal, interest, <br /> and late charges, if any, then remaining unpaid shall be due and payable on or before the <br /> Maturity Date. <br /> 3. Payments shall be made to the Colorado Water Conservation Board at 1313 Sherman Street, <br /> Room 718, Denver, Colorado 80203. <br /> 4. The CWCB may impose a late charge in the amount of 5% of the annual payment if the CWCB <br /> does not receive the annual payment within 15 calendar days of the due date. <br /> 5. This Note may be prepaid in whole or in part at any time without premium or penalty. Any <br /> partial prepayment shall not postpone the due date of any subsequent payments or change the <br /> amount of such payments. <br /> 6. All payments received shall be applied first to late charges, if any, next to accrued interest and <br /> then to reduce the principal amount. <br /> 7. This Note is issued pursuant to the LOAN CONTRACT between the CWCB and the BORROWER. <br /> The LOAN CONTRACT creates security interests in favor of the CWCB to secure the prompt <br /> payment of all amounts that may become due hereunder. Said security interests are evidenced <br /> Appendix A <br /> Page i of 2 <br />