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APPENDIX A,AMENDMENT NO.1 TO LOAN CONTRACT CT2015-070 <br /> AMENDMENT TO PROMISSORY NOTE <br /> Date: ,2017 <br /> Borrower: Boxelder Basin Regional Stormwater Authority <br /> Total Loan Amount: $7,171,000.00 <br /> Interest Rate: 2.75% <br /> Term of Repayment: 15 years <br /> Loan Contract No.: CT2o15-o7o(C15o353) <br /> Loan Payment: 2017 initial payment of$197,202.50,thereafter annual loan payments <br /> of$624,053.17 <br /> Payment Initiation Date: July 1.2016 <br /> Maturity Date: July 1,2031 <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 shall replace and supersede the Original Promissory <br /> Note attached to the Original Contract and the Amendment to Promissory Note attached to <br /> Contract Amendment No.1,both incorporated by reference. <br /> 2. Borrower shall pay the 2017 initial payment as an interest only payment, in the amount of <br /> $197,202.50, and thereafter principal and interest shall be payable in the annual loan payment <br /> amount of s624,o53.17. The first payment is due and payable July 1, 2017 and subsequent <br /> payments are due annually thereafter or until loan is paid in full.All principal, interest,and late <br /> charges,if any,then remaining unpaid shall be due and payable on or before the 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 /> by a Security Agreement ("Security Instruments") of even date and amount and cover certain <br /> revenues, real property, water rights and/or accounts of the BORROWER. The LOAN CONTRACT <br /> Appendix A <br /> Page i oh z <br />