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Loan Resolutions, <br /> Amendment No. 1,Contract No.CT2018-980 <br /> Corsentino Dairy Farms,Inc. <br /> Corsentino Dairy Farm (Company),approved antodification to a loan from the Colorado Water Conservation Board(CWCB), <br /> authorizing the form and execution of a loan contract amendment and the appendices thereto;pledging certain funds as security for the <br /> ".ar--t-A nti.x'cw + `41".ec'1:ec;:^+�•e r,a.,Cc.,*,.:.c+ <br /> These resolutions are irrepealable during the term of the loan and are RESOLVED as follows: <br /> 1. to,modify the terms ofLoan Contract No.CT2018-980, with the Colorado Water Conservation Board,to increase the total loan <br /> arxauntby$27,270.00 from$85,446.00 to$112,716.00 (amounts include the 1%loan origination fee),and <br /> 2. to deposit an amount equal to the revised annual payment amount into its debt service reserve account prior to additional funds being <br /> disbursed,and <br /> 3. to make the annual payment:requiced by the Amendment to Pronlisssory Note,and <br /> 4. to pledge 110%of the increased total borrowed amount of the loan,including the Corsentino Dairy Farmland,and 93.12% interest in <br /> the Holita Reservoir and associated water rights,and <br /> 5. to execute all documents as required,including the Loan Contract Amendment No. 1 and all Amendment Appendices including but not <br /> limited to the Amended Promissory Note and the Amended Deed ofTrust,necessaryto conveya security interest in said property to the <br /> CWCB, and <br /> fz to-take such other actions anti to execute such other tIounents.aanisy be necessary to conhusarnate and implement the loan. <br /> C.ettificatio;t <br /> The undersigned,respectively,hereby certify that the foregoing are true and correct copies of resolutions duly adopted purs uanttothe <br /> Company's bylaws,and that said resolutions have not been amended or/reescinded. <br /> Given underourhands and thesealofthe Company the in day of t-ti-;rr L._ 2018. <br /> (SEAL) Cfrte./.9/stAIV Byair <br /> Signature <br /> Name: iJr'd C.. )f r'%AtL <br /> 1 <br /> By Tide: PrC}tQi,:1cr /�tt/i.�r—" <br /> Signature <br /> Date: L/,. /Q " (r) <br /> Name: vj G e.,cs u (,._3 <br /> Title: OW p P f/V <br /> Date: y 10 -� <br /> Appendix C <br /> Page i of i <br />