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APPENDIX B,AMENDMENT NO.1 To LOAN CONTRACT CT2015-023 <br /> AMENDMENT TO SECURITY AGREEMENT <br /> DEBTOR: Highland Ditch Company <br /> SECURED PARTY: Colorado Water Conservation Board <br /> REVISED LOAN AMOUNT: $1,477,756.28 <br /> TERM OF REPAYMENT: 30 years-no payments and zero interest for the first three <br /> years followed by annual payments of$70,918.26 for 27 <br /> years at the interest rate of 1.95% <br /> LOAN CONTRACT NUMBER: C1'24)15-023(C15o369) <br /> i. The Parties have amended the Original Loan Contract and Promissory Note to decrease the loan <br /> amount from $1,999,800.00 to $1,477,756.28, and hereby amend the Original Security Agreement to <br /> document the change of loan amount. <br /> 2. The Parties expressly agree that this Amendment to Security Agreement is supplemental to the <br /> Security Agreement and all terms, conditions, and provisions thereof, unless specifically modified <br /> below, are to apply to this Amendment to Security Agreement as though they were expressly <br /> rewritten,incorporated,and included herein. <br /> 3. Collateral for the loan remains the same. <br /> DEBTOR: HIGHLAND DITCH COMPANY <br /> (S E A L) <br /> By 3/ � , <br /> Signature/Titl& <br /> ATTEST: <br /> Byrelk4) )J/ <br /> � 7 <br /> Signature/Title <br /> Date _ f 5 <br /> Appendix B <br /> Page i of i <br />