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I. PARTIES <br /> This Amendment(the"Amendment")to the Original Contract(the"Contract")shown on the Signature and Cover <br /> Page for this Amendment is entered into by and between the Borrower("Borrower"or"Authority"),and the State <br /> ("CWCB"). <br /> 2. TERMINOLOGY <br /> Except as specifically modified by this Amendment, all terms used in this Amendment that are defined in the <br /> Contract shall be construed and interpreted in accordance with the Contract. <br /> 3. AMENDMENT EFFECTIVE DATE AND TERM <br /> A. Amendment Effective Date <br /> This Amendment shall not be valid or enforceable until the Amendment Effective Date shown on the <br /> Signature and Cover Page for this Amendment. The State shall not be bound by any provision of this <br /> Amendment before that Amendment Effective Date. <br /> The Parties'respective performances under this Amendment and the changes to the Contract contained herein <br /> shall commence on the Amendment Effective Date shown on the Signature and Cover Page for this <br /> Amendment. <br /> 4. PURPOSE <br /> The Borrower was approved for a CWCB Loan Contract to rehabilitate the outlet pipe and expand the North <br /> Fork Reservoir.A decrease of$2,107,157.60 will be made for funds not needed.The Project was completed <br /> and the parties agree to amend the contract to reduce the final loan amount from$3,009,800.00 to <br /> $902,642.40. <br /> 5. MODIFICATIONS <br /> The Contract and all prior amendments thereto, if any,are modified as follows: <br /> A. The original loan contract amount is hereby deleted and replaced with the Current Contract Maximum <br /> Amount of$902,642.40,shown on the Signature and Cover Page for this Amendment. <br /> B. Amendment to Promissory Note, Appendix A, in the revised loan amount, and incorporated herein shall <br /> replace and supersede the Original Promissory Note attached to the Original Contract as Appendix 2. <br /> C. Amendment to Security Agreement, Appendix B, in the revised loan amount, and incorporated herein shall <br /> supplement and operate in conjunction with the Original Security Agreement, attached to the Original <br /> Contract as Appendix 4. <br /> 6. LIMITS OF EFFECT AND ORDER OF PRECEDENCE <br /> This Amendment is incorporated by reference into the Contract,and the Contract and all prior amendments or other <br /> modifications to the Contract, if any, remain in full force and effect except as specifically modified in this <br /> Amendment. Except for the Special Provisions contained in the Contract,in the event of any conflict,inconsistency, <br /> variance, or contradiction between the provisions of this Amendment and any of the provisions of the Contract or <br /> any prior modification to the Contract,the provisions of this Amendment shall in all respects supersede,govern,and <br /> control. The provisions of this Amendment shall only supersede, govern, and control over the Special Provisions <br /> contained in the Contract to the extent that this Amendment specifically modifies those Special Provisions. <br /> Page 2 of 2 Amendment No. 1 CMS No. 105238 CT2015-052 <br />